Asia Pacific Rubber Processing Chemicals Market is likely to highest growth rate over the forecast timeframe. This can be attributed to the presence of major automobile manufacturers in this region. According to the recent OICA reports, more than 50% of global vehicles (passenger and commercial, both) are manufactured in Asia Pacific. Europe was second largest in rubber processing chemicals market in 2017 in terms of volume. Presence of a well-established automobile industry in Germany, France, Italy and UK, drives a major portion of Europe rubber processing chemicals demand and is likely to continue in future.
Speaking along the same lines, in South Africa, the Mathe Group recently decided to develop a new recycling facility. Earlier before the establishment of recycling plants, only 4% of waste tires had been recycled, however, the number has considerably increased now. As per estimates, in 2016, at one of its recycling plants, Mathe processed nearly 65,000 tires, and currently, the Mathe Group has been processing nearly 30 to 40 tons of used truck tires per day. Mathe’s proactiveness proves that the growing concern about the need for waste tire processing is slated to impel rubber processing chemicals market outlook over the years ahead.
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Tire segment accounted for the largest share of rubber chemicals market in 2017. Rubber processing chemicals demand in tire is likely to grow with a significant pace in near future. Rapidly growing automobile industry is likely to spur the demand for tires during the forecast period. Owing to the increasing construction activities, non-tire application segment is poised to gain prominence over the forecast period.
Even though the commercialization prospects of rubber processing chemicals market appear highly promising, it would be prudent to take note of some major regulatory guidelines across various nations that may hinder the pace of product penetration in the near future. Numerous prominent government authorities along the likes of the Environment Protection Agency in the United States and European Commission have been proactive in laying down stringent regulations pertaining to the utilization and disposal of rubber processing chemicals. Implementation of these regulations is considered as highly crucial as most of the toxic rubber processing chemicals are discharged in water bodies – a practice that poses an immense threat to the aquatic life and is known to have an adverse impact on biodiversity.
In the past two decades, India and China have emerged as prominent business hubs for automakers and chemical companies owing to the surging demand for vehicles. It is prudent to note however, that after the use of vehicles and auto parts such as tires, window housing, and other rubber products, there is a rise in the level of rubber wastage. In fact, over the last few years, the solid waste from used tires has been increased tremendously which has led to major environmental issues. In accordance, several rubber manufacturing companies have been coming forward to recycle tires post usage. The shifting focus of rubber manufacturers toward the adoption of recycling technologies for maintaining the environmental decorum is poised to fuel the demand for rubber processing chemicals market on a large scale.
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The competitive hierarchy of the global rubber processing chemicals market is being spearheaded by major corporations along the likes of Merchem Limited, R.T. Venderbilt Holding Company, Inc., Sumitomo Chemicals, Linkwell, Emerald Performance Materials, AkzoNobel N.V., Eastman Chemical Company, Kumho Petrochemicals, Solvay S.A., BASF SE, and Lanxess.
Glimpse of Table of Content (ToC)
Chapter 3. Rubber Processing Chemicals Market Insights
3.1. Industry segmentation
3.2. Rubber Processing Chemicals Market size and forecast, 2014 – 2025
3.3. Rubber Processing Chemicals Market ecosystem analysis
3.3.1. Profit margin
3.3.2. Value addition
3.3.3. Distribution channel analysis
3.3.4. Vendor matrix
184.108.40.206. List of key raw material suppliers
220.127.116.11. List of key manufacturers/distributors
18.104.22.168. List of key/potential customers
3.4. Raw material analysis
3.5. Innovation & sustainability
3.5.1. Patent analysis
3.5.2. Comparison of processing chemicals
3.5.3. Future trends
3.6. Rubber Processing Chemicals Market impact forces
3.6.1. Growth drivers
3.6.2. Industry pitfalls & challenges
3.7. Regulatory landscape
3.8. Growth potential analysis
3.9. Competitive landscape, 2017
3.9.1. Company market share analysis, 2017
3.9.2. Brand analysis
3.9.3. Key stakeholders
3.9.4. Strategic dashboard
3.10. Regional price trends
3.10.1. Cost structure analysis
22.214.171.124. R&D cost
126.96.36.199. Manufacturing & equipment cost
188.8.131.52. Raw material cost
184.108.40.206. Distribution cost
220.127.116.11. Operating cost
18.104.22.168. Miscellaneous cost
3.10.2. Price by product
3.10.3. Price by application
3.11. Porter’s analysis
3.11.1. Supplier power
3.11.2. Buyer power
3.11.3. Threat of new entrants
3.11.4. Threat of substitutes
3.11.5. Industry rivalry
3.12. PESTEL analysis
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