KEY FINDINGS The global rubber additives market is predicted to expand at a CAGR of 5.10% over the forecast years of 2018-2026. The market is primarily driven by the improvement of products in the tire industry, increasing use of rubber processing chemicals and multiple applications of non-tire rubber.
MARKET INSIGHTS The global rubber additives market segments include application, type, coating agents and material.Market applications include tires and non-tires.
Rubber additive types include anti-degradants, accelerators and others.The coating agents segments include silicon, teflon, others.
The material segment of the market includes fibre, silica, silicates, carbon black and others.
REGIONAL INSIGHTS The regional segmentation of the market is segmented into North America, Europe, Asia-Pacific and rest of the world.Presently, the Asia-Pacific region rules the global rubber additives market.
The booming automobile industry in the region is responsible for driving growth in this market.On the other hand, it is the North American market that is expected to exhibit the highest CAGR over the forecast years.
The U.S is a major contributor to this region. High production of tires and their use in the automotive industry is expected to drive the market growth of the North America rubber additives market. COMPLETIVE INSIGHTS Akrochem Corporation, AkzoNobel N.V, Arkema S.A, Behn Meyer Holding Ag, Eastman Chemical Company, Lanxess Aktiengesellschaft, Struktol Company Of America Llc, Thomas Swan & Co. Ltd, Velox Gmbh, Wacker Chemie Ag, Basf Se, Solvay Sa, China Petroleum & Chemical Corporation (Sinopec Corp.), Emery Oleochemicals Llc, and R. T. Vanderbilt Company Inc are some of the established companies in this market.
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