Rubber processing chemicals market projected to reach $8.89 billion by 2032
From GlobeNewswire: 2025-06-29 14:00:00
The Rubber Processing Chemicals Market was valued at USD 6.14 billion in 2024 and is projected to reach USD 8.89 billion by 2032, with a CAGR of 4.72% from 2025-2032. Growing demand for sustainable solutions is driving adoption across industries like automotive and industrial rubber goods, supported by regulatory bodies and key players like Lanxess and Lubrizol introducing advanced chemicals.
In the U.S., the Rubber Processing Chemicals market was valued at USD 0.845 billion in 2024 and is expected to reach USD 1.35 billion by 2032, with a CAGR of 6.10%. Increased automotive production, demand for industrial rubber goods, and environmental regulations are driving market expansion, with companies like Eastman Chemical innovating to support growth.
Anti-degradants dominated the market in 2024 with a 48% market share, driven by their role in enhancing vulcanization speed and product durability. Accelerators are crucial for improving rubber performance in automotive and industrial applications, leading major producers to focus on eco-friendly formulations and regulatory compliance, supporting broader adoption.
Tires held a 56% market share in 2024, driven by high consumption of rubber chemicals in tire manufacturing. Companies like Bridgestone and Michelin are incorporating bio-based solutions to meet sustainability goals, with chemicals like anti-degradants and flame retardants playing a key role in extending tire life and performance.
Asia Pacific led the market in 2024 with a 52% market share, driven by its position as a manufacturing hub for automotive and rubber goods. China, India, and Southeast Asia are key contributors to chemical demand, with increased tire production in China and growth in non-tire rubber products consumption supporting market dominance.
Recent developments include MIT CSAIL unveiling a printing method using thermochromic inks for temperature-responsive visuals, and OliKrom introducing thermochromic labels for pharma use to indicate vaccine spoilage. SNS Insider is a global market research and consulting agency providing clients with accurate market data and insights to make confident decisions in changing circumstances.
Read more at GlobeNewswire: Rubber Processing Chemicals Market to Surpass USD 8.89