According to TechSci Research report, “India Rubber Processing Chemicals Market Research Report By Type, By Application, Competition Forecast & Opportunities, 2013 – 2023’’, rubber processing chemicals market in the country is forecast to surpass $ 443 million by 2023, majorly on account of increasing production base of rubber products. Moreover, government initiatives to support rubber production, growing investments in research & development efforts to develop innovative products, and expansion of tire production plants is expected to increase the consumption of rubber processing chemicals in India over the next five years. Declining raw material prices and growing export opportunities for rubber processing chemical providers are some of the other factors that would fuel the country’s rubber processing chemicals industry during the forecast period.    

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 On the basis of type, rubber processing chemicals market is majorly segmented into anti-degradants, accelerators, retarders, blowing agents, peptizers and others. Anti-Degradants is the dominating and fastest growing segment in the India rubber processing chemicals market, owing to its property to provide better finishing, higher tensile strength and heat resistance to rubber products. Moreover, anti-degradants provide protection to rubber from the damage caused by oxidation and ozone, consequently, they are being widely used in the vulcanization process. Accelerators, composed of high-quality alkaline compounds, are the second dominating type of rubber processing chemicals, which are used to increase the speed of vulcanization process.

Besides the tire manufacturing industry, rubber processing chemicals are widely used in polymer modification, medical, construction, aerospace, footwear, electric & electronics and other downstream industries. “Increasing urbanization and growing production base of tire industry are the prime factors expected to drive rubber processing chemicals market in India over the coming years. South India accounts for the largest share in India rubber processing chemicals market, owing to the presence of large tire production facilities in the region. Moreover, expansion of tire production facilities by leading tire players such as Apollo Tyres, JK Tyre and MRF Tyre in Tamil Nadu is expected to increase the sales of rubber processing chemicals in the region during the forecast period.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

Browse 14 market data Tables and 35 Figures spread through 95 Pages and an in-depth TOC on India Rubber Processing Chemicals Market @ https://www.techsciresearch.com/report/india-rubber-processing-chemicals-market/2349.html

 “India Rubber Processing Chemicals Market By Type, By Application, Competition Forecast & Opportunities, 2013 – 2023” has evaluated the future growth potential of rubber processing chemicals market and provides statistics and information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in India rubber processing chemicals market.

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