Growth in the world rubber processing chemicals market will average 4.4% annually through 2020 in volume terms, reaching over 1.5 million metric tons. Advances will be driven by increasing consumption of rubber, especially in developing markets in Asia. Growing populations and rising motor vehicle ownership rates will result in greater demand for processing chemicals used in tires, while increasing manufacturing activity will benefit non-tire rubber chemicals as well.
This report segments the rubber processing chemical industry by product and market. Data is provided in metric tons.
Rubber processing chemical markets include tire and non-tire rubber. Tire rubber was the larger of the two in 2015. Tire rubber will also grow more rapidly as a market for rubber processing chemicals through 2020, driven by demand in developing nations for motor vehicle tires.
Rubber processing chemical products include:
Processing aids and other chemicals
Of these, anti-degradants will remain the largest category. Anti-degradant demand will also grow slightly faster than other products due to importance in the faster-growing tire market.
World regions covered in the study include:
Central & South America
The Asia/Pacific region will account for the largest share of advances between 2015 and 2020, driven by rising motor vehicle ownership rates resulting from the region’s emerging middle class. In recent years, China has become the largest consumer of rubber processing chemicals. China, along with other developing nations in Asia, will continue to see strong growth in demand through the forecast period.
The world rubber chemicals industry is composed of a range of large and small chemical manufacturers. In addition to discussing market share of the industry leaders, sales estimates and profiles are provided for key industry participants including:
China Sunsine Chemical