GLOBAL NATURAL RUBBER ADDITIVES MARKET SIZE (2023 - 2030)

The Global Natural Rubber Additives Market was valued at USD 5.72 billion in 2023 and is projected to reach a market size of USD 7.57 billion by 2030. Over the forecast period of 2024-2030, the market is projected to grow at a CAGR of 4.08%.

Chemicals that are added to natural rubber as additives improve its chemical and physical characteristics. These additives are only introduced in trace amounts, yet they can significantly alter the rubber's ultimate qualities. Accelerators, antioxidants, antiozonants, tackifiers, plasticizers, and blowing agents are typical categories of natural rubber additives. While antioxidants stop rubber from oxidising and degrading, accelerators hasten the curing of rubber. Tackifiers increase the sticky properties of rubber, whereas antiozonants prevent rubber from being degraded by ozone. Rubber is made more malleable by plasticizers, while rubber goods are given a foamy appearance by blowing agents.

The market for natural rubber additives is anticipated to expand considerably as a result of the expanding demand for natural rubber products in the construction and automotive industries. Demand will increase even more as consumers switch to sustainable and environmentally friendly goods. The growth of natural rubber may be restricted, nevertheless, by price fluctuations. With domestic and international opponents, the market is extremely competitive. North America, followed by Europe and Asia-Pacific, has the largest market. This firm is projected to grow as a result of both arising customer interest in environmentally friendly and sustainable products as well as increased consumer demand for natural rubber products. 

Global Natural Rubber Additives Market Drivers:

Increasing demand for natural rubber products in various end-use industries

The rising demand for natural rubber products across a variety of end-use industries, such as construction, automotive, and healthcare, is driving the global market for natural rubber additives. Numerous products, including tires, hoses, belts, roofing membranes, sealants, and footwear, are made from natural rubber. To enhance the qualities and general performance of natural rubber, additives are utilised. The market for natural rubber additives is expanding along with urbanisation and economic development, which are key factors in the spike in demand for natural rubber products, particularly in developing nations like Brazil, India, and China.

Growing trend towards eco-friendly and sustainable products

The propelling trend towards ecologically friendly and sustainable products is another crucial element affecting the global market for natural rubber additives. As more people become aware of how human activities impact the environment, there is a rising market for sustainable and environmentally friendly products. Natural rubber has a lower carbon footprint than synthetic rubber since it is renewable and bio-degradable. By being employed in products, natural rubber can encourage sustainable development and lessen the need for fossil fuels. As a result, the market for environmentally benign and long-lasting natural rubber products is escalating. Natural rubber additives are necessary to improve the qualities of natural rubber in order to boost the effectiveness of the final product. Many industry players are concentrating on the creation of natural rubber additives that are sustainable and kind to the environment. As a result, as the trend towards Eco-friendly and sustainable products continues to gain traction, the market for natural rubber additives is anticipated to rise.

Global Natural Rubber Additives Market Challenges:

Natural rubbers unpredictable availability and fluctuating price are the main obstacles to the market for natural rubber additives. Due to the high concentration of natural rubber production in nations like Indonesia, Thailand, and Vietnam, this industry is particularly susceptible to changes in the weather and supply chains. Any interruptions could have an influence on the price and availability of natural rubber, which would then affect consumer demand for natural rubber additives and the viability of market players. There is competition on the market for natural rubber additives since synthetic rubber is more readily available and more reasonably priced than natural rubber.

Global Natural Rubber Additives Market Opportunities:

The creation of natural rubber additives with improved performance and sustainability represents one significant opportunity for the worldwide market for natural rubber additives. There is a growing need for natural rubber additives that can improve the qualities of natural rubber while minimising the environmental impact due to the rising demand for eco-friendly and sustainable products. For market participants, the creation of novel natural rubber additives with higher performance—such as increased tensile strength, durability, and abrasion resistance—can present a sizable growth opportunity. Additionally, the creation of natural rubber additives produced from renewable resources may give a business a competitive edge. 

COVID-19 Impact on Global Natural Rubber Additives Market:

The pandemic's effects on global supply chains and the downturn in various end-use industries, particularly the automotive and construction sectors, have reduced demand for natural rubber additives. The epidemic has, however, also led to a rise in the demand for natural rubber additives as well as PPE items like gloves and other PPE made of natural rubber. The epidemic has also increased consumer awareness of the need for environmentally friendly and sustainable products, which could potentially present market expansion prospects for natural rubber additives.

Global Natural Rubber Additives Market Recent Developments:

• In December 2020, Emery Oleochemicals GmbH has entered into a distributor agreement with IMCD. IMCD Benelux will be representing Emery's Green Polymer Additives business unit to distribute and provide technical support for Emery's natural-based lubricants, release agents, antistatic- and antifogging agents, and special plasticizers. This agreement will commence from January 1st, 2021. IMCD will provide services to Emery Oleochemicals' new and existing customers in Belgium, the Netherlands, and Luxembourg.

• In August 2022, A Fifty percent investment in Flexsys owned by Akzo Nobel N.V. has been purchased by Solutia Inc., a division of Eastman Chemical Company. The rubber business receives top-quality chemicals from Flexsys. Solutia and Akzo Nobel established their joint venture in 1995. After the transaction, Solutia will acquire a 100% stake in Flexsys.

GLOBAL NATURAL RUBBER ADDITIVES  MARKET REPORT COVERAGE:

Global Natural Rubber Additives Market Segmentation:

Global Natural Rubber Additives Market Segmentation: By Type

• Accelerators

• Vulcanization Inhibitors

• Plasticizers

• Activators

• Other Types

Based on type, the market for natural rubber additives may be divided into accelerators, vulcanization inhibitors, plasticizers, activators, and other categories. The most popular kind of natural rubber additives are accelerators, which serve to hasten the vulcanization process and enhance the general performance of natural rubber goods. While plasticizers are used to make natural rubber more flexible and supple, vulcanization inhibitors are used to delay or stop the vulcanization process. Natural rubber's adhesion, heat resistance, and strength are all improved with the addition of activators. There are many small and major businesses participating in the highly fragmented natural rubber additives industry.

Global Natural Rubber Additives Market Segmentation: By Application

• Conveyor Belts

• Electric Cables

• Tires

• Others

Tires, electric cables, conveyor belts, and other applications are some of the market categories that natural rubber additives may be sold in on a global scale. With a substantial market share, tyres represent the primary application area for natural rubber additives. The global need for automobiles is driving up tyre demand, which in turn is driving up demand for natural rubber additives. Conveyor belts and electric cables are two more essential applications for natural rubber additives because of the demand for high-performance rubber goods that can handle demanding environmental conditions like high temperatures and abrasion. There is fierce competition on the market for natural rubber additives, which is home to both big and small enterprises.  

Global Natural Rubber Additives Market Segmentation: By Region

• North America

• Europe

• Asia Pacific

• Rest of the World

North America, Europe, Asia Pacific, and the rest of the world make up the four geographic segments of the natural rubber additives market. Asia Pacific now holds a monopoly on the market for natural rubber additives since there are so many natural rubber producers and manufacturers in this region. The growing demand for tyres and cars in countries like China and India is another factor boosting the demand for natural rubber additives in the area. These two areas represent especially significant markets for natural rubber additives due to the considerable concentration of vehicle and rubber product producers there. The intensely competitive natural rubber additives industry has both major and small businesses. 

Global Natural Rubber Additives Market Key Players:

1. BASF SE

2. Behn Meyer

3. China Petrochemical Corporation (SINOPEC)

4. China Sunsine Chemical Holdings Limited

5. Eastman Chemical Company

6. Emery Oleochemicals

7. Kemai Chemical Co. Ltd

8. MLPC International (Arkema Group)

9. NOCIL LIMITED

10. PUKHRAJ ZINCOLET

11. Rhein Chemie (Lanxess)

12. Sumitomo Chemical Co. Ltd

13. Thomas Swan & Co. Ltd