Rubber Additives Market
The major industries where rubber additives are being used are construction , consumer goods , electrical insulation , and tire and tubing . As rubber is a bad conductor of electricity , it is highly favorable for insulation materials . Electrical insulation in a household and industrial construction is also driving the global demand for rubber additives . The oil extenders that widely use rubber additives help to reduce the overall insulation costs . Adding stabilizers such as esters of fatty acids improves the heat and voltage resistance of rubber . Tire and tubing industry has the largest market share . They are used in the automotive industry for the production of the automotive tires . Demand for automobiles has increased in the recent years which will boost the rubber additives market globally . However , new protocols imposed by the government regarding the environment may hinder the market growth . VOC emissions by the rubber manufacturing industries , which cause air pollution , are dangerous ; hence , regulations are imposed by the government to lower the risk .
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The rubber additive market is segmented on the basis of application , type , and geography exclusively . On the basis of application , the market is segmented as adhesives , electric cables and hoses , insulation , specialty tapes , tiers , and others . The rubber additives market on the basis of types is categorized into accelerators , activators , peptizers , plasticizers , tackifiers , vulcanization inhibitors , and others . Each type greatly varies and their compositions also differ with different technical specifications . Based on the regions , the market has been segmented into four regions , namely , Asia-Pacific , Europe , North America , and Rest of the World .
The key players in the rubber additives market are Akrochem Corporation , Behn Meyer Holding AG , AkzoNobel N . V ., Wacker Chemie AG , Arkema S . A ., Thomas Swan & Co . Ltd ., LLC , Struktol