Rubber Processing Chemicals: A Global Strategic Business Report
San Jose, CA (PRWEB) February 28, 2008
Rubber chemicals form an integral part of the global rubber industry. The chemicals effectively enhance product life; resilience and other relevant properties of rubber, protecting from wear and tear and other abrasions. Trends in the key tire and automotive industries affect global demand. Rubber chemicals are also used in other non-tire automotive applications Technological advancements and industry-wide consolidation in the tire industry led to stunted growth and pressured margins in the recent past. Asia/Pacific is expected to emerge as a major market driving global growth. China is the fastest growing market with growth stemming from rapid industrialization and improved standards of living. Demand for radial tires, automotive components, water proofing materials and industrial rubber products are key factors propelling market expansion.
Asia is the largest market for rubber processing chemicals worldwide, estimated at close to 400 thousand tons in 2007 as stated by Global Industry Analysts, Inc. Europe is the second largest regional market followed by United States at third position. The three regions collectively account for over 80 percent of the global rubber processing chemicals market. The global and regional markets are expected to register CAGRs ranging between 2% and 9%. Tires constitute the major end-use market for rubber processing chemicals accounting for about 65% of overall consumption. Antidegradants represents the largest segment with sales estimated at 530 thousand tons in 2007. Boost in demand for the chemicals would stem from emerging markets for industrial rubber products and tires.
Market participants include Chemtura, Eliokem, Flexsys, Kawaguchi Chemical, Noveon, Lanxess, Ouchishinko Chemical Industrial, R. T. Vanderbilt Company, Seiko Chemical and Sumitomo Chemical.
"Rubber Processing Chemicals: A Global Strategic Business Report" published by Global Industry Analysts, Inc., provides a comprehensive review of market trends, drivers, product profile, players, competition, end-use applications, recent developments, mergers, acquisitions, alliances and other strategic industry activities. Analysis is presented for major geographic markets such as United States, Canada, Japan, France, Germany, the UK, Italy, Asia, and rest of world. Analytics are provided in terms of product segments including Antidegradants, Accelerators and Other Rubber Processing Chemicals. The study also presents historic data for an insight into market evolution over the past fifteen years.
For more details about this research report, please visit http://www.strategyr.com/Rubber_Processing_Chemicals_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
Global Industry Analysts, Inc.
Web Site http://www.StrategyR.com