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Rubber Additives Market Value to Grow at a CAGR of 5.9% from 2014-2019: M&M

Published on 2015-03-13. Author : SpecialChem

The report "Rubber Additives Market by Type (Accelerators, Antidegradants, Blowing Agents, Ethylene-Vinyl Acetate, Adhesive Agents, and Others), by Application (Tire and Non-tire) - Global Trends & Forecasts to 2019’ defines and segments the rubber additives market with an analysis and forecast of the rubber additives market size by value. The rubber additives market size by value is projected to grow at a CAGR of 5.9% between 2014 and 2019.
The rubber additives market is mainly driven by the growth in the demand for automobiles. Rubber additives are used to enhance the properties of rubber used in the manufacture of tires. With the growing population and increased spending by the consumers, the demand for automobiles has increased which in turn has led to the increased demand for rubber additives. These chemicals add superior qualities to the rubber.

However, the growing environmental concerns and the stringent governmental regulations are the biggest restraints of the rubber additives market. The processing of natural rubber yields effluents into the air that pollute the environment. The wastewater discharged form rubber processing contains high level of biological oxygen demand compounds. These compounds are biodegradable and lead to high oxygen consumption. The leading players in the market include Emerald Performance Materials (U.S.), Eastman Chemical (U.S.), Lanxess Corporation (Germany), and Arkema SA (France) among several others.

The rubber additives market is projected to grow at a CAGR of 5.9% and reach 1.7 MT by 2019. The report covers the rubber additives market and its trends concerning four regions, namely, North America, Europe, Asia-Pacific, and RoW. The types, such as antidegradants, accelerators and others are covered. The applications of rubber additives along with their estimated market revenues and consumption trends are included.

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Source: MarketsandMarkets
 


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