The Rubber
Additives Market is projected to
grow at a significant pace reaching a CAGR of approximately 3.5%, over the
forecast period of 2022–2028, despite a considerable fall in product sales
during the initial phase of pandemic spread and lockdown restrictions imposed
globally.

In a recent research
report by Reports Insight Consulting Pvt. Ltd, the Rubber Additives Market is
expected to surpass USD 10.43 Billion by the year 2028, from USD 8.20 Billion
in 2021.

There are various types of additives
used in rubber such as blowing agent, conductive carbon black, flame retardant,
hydrocarbon resins, processing aids, waxes, and other. Each additive has a specific
property to add to rubber. For instance, flame retardant additives increase
fire resistance and lower the release of toxic gases throughout combustion.

The tire segment is projected to lead
the rubber additive market growth. Rubber is a major raw material for the manufacturing
of tires. Rubber additives are used to make tires to enhance the quality of
tires and provide characteristics such as friction resistance, high mileage,
durability, and others. Further, the growing automotive industry is estimated
to accelerate the demand for tires and thus, supplement the growth of the
rubber additive market. The non-tire segment is anticipated to supplement the
growth of the market during the forecast period.

The demand for rubber additives is predicted
to grow significantly in the next years, due to the rising demand for green
tires in North America and Europe as a whole. Further, countries like Brazil
and Argentina are projected to drive the demand for rubber additives in Latin
America.

The study is consolidated into major segments and further into sub-segments,
such as by Type
(Antidegradants, Accelerators, Others), Rubber
Additives Market Application
(Tire and Non-Tire), to forecast the size by value; also includes the analysis of past dynamics
from 2016 – 2021, considering 2021 as the base year.

Lastly, the report includes
a regional analysis and country analysis with the latest trends, along with the
major key players including Arkema S.A., Lanxess AG, BASF SE, Solvay S.A., Sinopec
Corporation, R.T. Vanderbilt Holding Company, Inc., Emery Oleochemicals, Behn
Meyer Group, Toray Industries, Inc., Sumitomo Chemical, Prisma Rubber Additives,
Kraton Corporation, Performance Additives, Peter Greven

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