Changes in the chemicals industry — such as the rise of the fourth industrial revolution, or Industry 4. The time is ripe for such a transformation: Advanced technologies relevant to the chemicals industry — such as the Internet of Things IoTadvanced materials, additive manufacturing, advanced analytics, artificial intelligence, and robotics — together have reached a level of cost and performance that enables widespread applications.
Snapshot The increasing demand from the tire market and their application across diverse industries are boosting the global rubber processing chemicals market. On account of its inherent properties such as elasticity and molding, rubber has become the key materials used in tire manufacturing.
Rubber provides strength to tires and enhances their ability to withstand wear and tear and maintain grip even in harsh conditions.
With the demand for vehicles scaling high across the world, the rubber processing chemicals market is forecast to exhibit robust growth in the future. Besides this, threat of losing foothold is imminent with green tires making headway into the market.
If the figures hold true. The global rubber processing chemicals market will exhibit a CAGR of 4. Tires Segment to Remain Dominant throughout Forecast Period Rubber processing chemicals have myriad applications, which be broadly classified under tire and non-tire applications.
Use of rubber processing chemicals make tires durable and provides them strength to withstand harsh environment. On account of these, the demand from tire industry is the dominant contributor to the market. Exhibiting a robust CAGR, the segment will remain dominant through the forecast period.
Furthermore, with the expansion of the automotive industry, the demand from the tire segment is projected to rise. Thus, growth in these industry is projected to propel the rubber processing chemicals market.
The rising demand from emerging nations such as India and China, besides the demand from flourishing automotive and construction industry in Japan, will creating lucrative opportunities. In developed economies such as North America and Europe, the market will witness steady demand, despite their sluggish economic growth.
Stringent government regulations implemented in these regions to curb harmful emissions have negative impacted the market for rubber processing chemicals. Furthermore, due to high purchasing power of consumers in the Middle East and Africa, the market will witness high growth opportunities therein.
The global market for specialty chemicals in water treatment should grow from $ billion in to reach $ billion by at a compound annual growth rate (CAGR) of . Industry Report stands around 10% since despite a Executive summary Europe’s chemical industry is in overall good shape. A production volumes However, performance relies on cheap feedstock prices. France Germany Spain relate to specialized sub sectors, where innovation makes. France’s chemicals industry is composed of about 3, companies producing a wide range of chemicals — 30, different molecules across basic, specialty, and fine chemicals (Figure 2, Table 1). French chemical businesses are distributed throughout the country, but are more concentrated in certain areas than others.
The region also exhibits an expanding automotive industry, which inadvertently will boost the rubber processing chemicals market. Global Rubber Processing Chemicals Market: Overview Rubber processing chemicals belong to a group of specialty chemicals added to rubber to make it commercially viable for usage in various application.
They are used to impart different characteristics to rubber such as resistance to ozone, heat, mechanical stress, oxidation, and others. They exhibit properties such as resilience, abrasion resistance, flex resistance, hardness, and tensile strength for product-specific end-use applications.
The report estimates and forecasts the rubber processing chemicals on the global, regional, and country levels.Global Rubber Processing Chemicals Market: Key Segments.
The study provides a comprehensive view of the rubber processing chemicals market by dividing it into type, application and geography.
In terms of type, the rubber processing chemicals market has been segmented into antidegradants, accelerators, stabilizers, vulcanizing agents, and pfmlures.comon: State Tower, 90 State Street, Suite , Albany, Industry Insights.
The global water & wastewater treatment equipment market size was valued at USD billion in Increasing global water stress coupled with industrial wastewater disposal in aquatic ecosystems has led to a boost in the water reclamation requirements.
ROCKVILLE, Md., Dec. 13, /PRNewswire/ -- Looking ahead to and beyond, the outlook for the pet food market remains promising. The market is benefitting from several key drivers, including. The chemical industry comprises the companies that produce industrial chemicals.
Central to the modern world economy, it converts raw materials (oil, natural gas, air, water, metals, and minerals) into more than 70, different products. The global flow chemistry market size provides numerous viable benefit as compared to batch processes.
Concerns on account of technology and production scale up for commercializing the process is the major hindrance confronted by the industry share contributors, as the process/technology was primarily developed for laboratory applications.
Industrial Valves Market is poised to grow at a CAGR of 4% by This report offers latest trends, growth factors, top players, opportunities etc.
Download the industrial valves market report ().