Rubber Antioxidant Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025
Rubber and its
products lose their physical and mechanical properties due to heat,
mechanical stress, light, ozone, etc., which gradually reduces the
performance of rubber and rubber products. Rubber antioxidants are
primarily employed to prevent discoloration and loss of physical and
mechanical properties. They are added during the rubber compounding
stage. Antioxidants enhance the service life and reliability of the
rubber product by protecting it from degradation. They provide
long-term protection to tires and rubber products due to their low
reactivity, low volatility, and low migration rate properties. Rubber
antioxidants are soluble in chloroform, carbon disulfide, acetone,
etc., however, they are insoluble or partly soluble in gasoline and
water.
The global rubber
antioxidant market can be segmented based on application, type, and
region. In terms of application, the rubber antioxidant market can be
segmented into tire, convenor belts, tubes, transmission belts,
hoses, and others. Tire is a major application segment of the rubber
antioxidant market. Rubber antioxidant is primarily employed to
enhance the heat ageing properties of rubber and to increase the
antifriction and flexibility of the rubber used in tires. In terms of
type, the rubber antioxidant market can be segmented into rubber
antioxidant MB, Rubber antioxidant RD (TMQ), Rubber antioxidant DNP,
PPDs, and others.
The rubber
antioxidant market is anticipated to expand significantly during the
forecast period due to the increasing demand for rubber antioxidants
in the manufacture of various rubber products to be utilized in the
automotive industry, tire industry, and others. Demand for rubber
antioxidants in manufacturing of static and dynamic heavy capacity
rubber, such as tube, tire cable, and belt, is anticipate to boost
the overall rubber antioxidants market during the forecast period.
Factors such as ease in usage, excellent flex-crack resistance,
stress-crack resistance, and good ageing properties are also
estimated to boost the demand for anticaking agents. Rapid expansion
of the automotive industry is a major factor driving the rubber
antioxidant market. However, adverse environmental effects related to
rubber antioxidant such as its toxic nature and long lasting effects
on the environment are projected to hamper the expansion of the
market. Furthermore, implementation of stringent governmental
regulations, especially in developed countries, is likely to
adversely affect the overall market during the forecast period.
In terms of region,
the rubber antioxidant market can be segmented into North America,
Europe, Asia Pacific, Middle East & Africa, and Latin America.
Asia Pacific is anticipated to dominate the global rubber antioxidant
market, followed by North America and Europe. Rise in demand for
rubber antioxidant in the automotive industry in Asia Pacific is
projected to boost the overall market during the forecast period.
North America and Europe rubber antioxidant markets are also likely
to expand significantly during the forecast period due to the
expanding rubber and tire industries in these regions. The rubber
antioxidant market in Middle East & Africa and Latin America is
also projected to expand at a substantial growth rate in the near
future.
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Companies are
adopting merger and acquisition strategies to expand their market
share. Furthermore, they are shifting their production facilities to
emerging economies in Asia Pacific and Latin America due to the easy
availability of land, cheap labor, and governmental subsidies in
these regions. Key players operating in the global rubber antioxidant
market include Eastman Chemical Company, KUMHO PETROCHEMICAL,
Shandong Eksesen Chemical Co., Ltd., LANXESS, Jiangsu Sinorgchem
Technology, Kemai Chemical Co., Ltd., OUCHI SHINKO CHEMICAL
INDUSTRIAL CO., LTD., and Agrofert (Duslo).
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