Published Date: 2020-02-26 | Pages: 116 | Tables: 142 | Report ID: 7735 | Industry: Chemical & Material | Format :
Rubber Antioxidants are gaining popularity among end-use industries like automotive and tire as they improve the service life and reliability of the rubber products and offer protection from degradation. They find extensive application in the manufacturing of tires, hoses, belts, cables, automotive mounts, and various other products for industrial uses. It has been observed that manufacturers are focusing on lowering the production cost of Rubber Antioxidants.
Manufacturers to take up New Product Development as a key Growth Strategy
Some of the key companies functioning in the Rubber Antioxidant market include Eastman, Lanxess, Kumho Petrochemical, Agrofert (Duslo), OUCHI SHINKO CHEMICAL, NOCIL, GENERAL QUIMICA, Xian Yu-Chem, Jiangsu Sinorgchem Technology, Kemai Chemical, NCIC, Sunsine, and Shandong Ekesen Chemical.
For instance, Lanxess, one of the key companies, has lately presented its wide range of additives, especially Rubber Antioxidants, for the rubber processing industry. This portfolio includes additives for the manufacturing high end rubber components for varied application.
Increasing Application in the Automotive Industry to foster Market Growth
Increasing demand for Rubber Antioxidants from the automotive industry for manufacturing rubber related products is one of the key drivers in the Rubber Antioxidant market. Benefits associated with Rubber Antioxidants including ease in usage, good flex-crack and stress-crack resistance, and excellent ageing properties are uplifting their demand among end-use industries. Plus, innovations and extensive research and development by the manufacturers may positively influence the Rubber Antioxidant market growth in future.
● RD (TMQ)
● Automotive Rubber Products
The researchers say that the demand for p-phenylenediamine (PPDs) will witness growth in the forthcoming years as they are considered the most powerful class of antioxidants. They are commonly used as a primary antioxidant in rubber processing. Tires will emerge as a key application segment in the Rubber Antioxidant market. This is attributed to surge in the number of production and sale of vehicles across the globe, thus fueling the adoption of tires.
The APAC region will witness significant growth in the years to come. Easy availability of low cost labor and raw materials in the developing countries is compelling the Rubber Antioxidant manufacturers to set up their manufacturing base, thus impacting the growth in Asia Pacific. China is considered to be one of the major contributors to the regional Rubber Antioxidant market growth. Expanding rubber and tyre industries could positively impact market growth in North America and Europe.
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