The global rubber additives market is expected to grow at a CAGR of 5.4% between 2015 and 2020, to reach USD 4.8 Billion 2020. The global rubber additives market is expected to reach 1792.3 KT in 2020.

Automobile segment to boost demand of rubber additives

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.

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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.

Asia-Pacific to drive the rubber additives market

Asia-Pacific is the fastest-growing market for rubber additives. The growth in the Asia-Pacific region is primarily driven by the increasing domestic demand and rising exports of natural rubber to the western markets. The increasing demand for rubber additives from the tire industry is further driving the market in this region. The economic development in the region has led to the increased demand for vehicles, which in turn drives the market for rubber additives.

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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 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.