Trends in the rubber processing chemicals market

According to Global Market Insights, the rubber processing chemicals market is forecast to exceed US$5.3bn by 2025. This will be primarily driven by the rapidly growing automobile industry as well as growth in the construction market. According to the latest OICA reports, global vehicle sales in 2017 totalled 97 million.

Due to the hazardous nature of rubber chemicals, new regulations are being brought into place. This is likely to hamper product demand over the forecast time period (2018-2025). Furthermore, as the tire industry shifts from conventional tires to green tires, this could further cut sales in the rubber processing chemicals market.