Asia-Pacific Rubber Chemicals Market Analysis, 2024-2030

Rubber is a polymer of isoprene and is the product of the natural or synthetic form of latex and contains minor impurities. It suitable for shock absorbers and other applications to reduce vibrations in machinery due to its elasticity. The automotive industry is a motivating factor for the rubber industry due to the constant need for rubber in manufacturing tires and other equipment.

The report on Asia-Pacific rubber chemicals market presents the crux of over 280 hours of synergized efforts of analysts, industry experts, and academician to assess the present market scenario. The findings are substantiated by a thorough analysis of the rubber chemicals industry value chain coupled with exhaustive secondary and primary research

As per the report, the Asian rubber processing chemicals market size was pegged at USD XXX million in 2017 and is expected to reach USD XXX million by 2024 with a CAGR of X.XX% over the mentioned period. In terms of quantity, the total consumption in 2024 is expected to be around XXX MT as compared to XXX MT in 2017, registering a growth of around XXX %.

The growth of the automotive industry has a primary influence on the development of rubber chemical markets. The growth of this industry is highly dependent on the tire industry. Also, the products from rubber chemical industries can have various other applications in the areas of medicine, aerospace, electric and electronics, and construction industries. The diversity of usage can be expected to boost the demand.

The Asia Pacific region accounted for 47.2% of the overall volume, thus, dominating the global market in 2015. This happened as a result of increased scope in the field of automotive, especially in India and China. China was the market leader in terms of production and consumption on account of rapid industrialization in 2017 in the Asia-Pacific region. A few countries that participate in the market forces in the Asia-Pacific region include India, China, Japan, Malaysia, Australia, South Korea and a few others.

The key global players of rubber processing chemicals market share are BASF SE, Solvay SA, Lanxess AG, AkzoNobel N.V., Eastman Chemicals Company, Sumitomo Chemical Company, China Petroleum & Chemical Corporation, LINKWELL and Emerald Performance Materials.

Our Approach

At Market Krystal, we believe in a systematic approach towards the problem at hand. The process begins with the identification of a challenge/opportunity, followed by an exhaustive brainstorming by in-house and consulting experts. Based on the outcomes, an in-depth research (primary & secondary) is carried out to collect industry insights. The data is then analysed by a gamut of techniques (Statistics, Machine Learning, Econometrics, and Analytics) to derive inter-disciplinary deductions that are executable and result in value creation.

The growth in both tire and non-tire consumption has led to the development of this industry. The rubber chemicals are divided based on product, application and geography. Based on the product the categories are anti-degradants, accelerators, flame retardants, processing aid and promoters and others. On the basis of application, the market has been split into tyre and non-tyre segments. All types of rubber processing chemicals were studied tyre as well as non-tyre application across China, Japan, India, Indonesia, and Other Asian countries.

Market Krystal ensured a holistic approach by involving experts from diverse functionalities and locations (Fig1). This allowed a 3600 view of the industry dynamic.

Figure 1 Primary research breakdown

Contents of the report:

• Insight on the current industry dynamics
• Estimation of the current market size in terms of value and volume
• Market breakup based on type, application, and geography
• Substantiated market forecasting for the next five years
• Detailed analysis of the key companies operating across different nodes of rubber chemicals industry value chain