Automotive Tire Rubber Additive Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented by Type (Plasticizers, Coupling Agents, Anti degradants, Processing Aid/ Promoters), By Application (Passenger Car, and Commercial Vehicle), By Region and competition, 2019-2029F

  • Industry : Chemicals
  • Pages : 180
  • Published Date : October, 2023
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Summary

Report Description

Forecast Period

2024-2028

Market Size (2022)

USD 5.86 billion

CAGR (2023-2028)

3.38%

Fastest Growing Segment

Plasticizers

Largest Market

Asia Pacific

 

Market Overview

Global Automotive Tire Rubber Additive Market has valued at USD 5.86 billion in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 3.38% through 2028.  The global automotive industry is constantly evolving, driven by innovation, regulatory changes, and shifting consumer preferences. Within this vast and dynamic sector, the tire manufacturing industry plays a pivotal role, and one of the critical components that enhance tire performance and durability is rubber additives. These additives are essential in achieving the desired properties in automotive tires. In this article, we provide an extensive overview of the global automotive tire rubber additive market, exploring key drivers, challenges, and emerging trends.

The automotive industry has been experiencing steady growth, with increasing vehicle production and sales worldwide. This growth directly translates into higher demand for tires, consequently driving the demand for rubber additives. Stricter environmental regulations and the need for improved fuel efficiency have led tire manufacturers to seek innovative rubber additives that enhance tire performance while meeting stringent compliance requirements. Consumer preferences for safer vehicles and better tire performance have pushed tire manufacturers to invest in additives that enhance traction, grip, and overall safety.

The cost and availability of raw materials, such as natural rubber and synthetic rubber, can be volatile, impacting production costs and pricing in the tire industry. The tire industry is under increasing pressure to develop sustainable tire solutions. This requires research into eco-friendly rubber additives that do not compromise performance.

Rubber additives encompass a wide range of chemical compounds, including accelerators, antioxidants, anti-ozonants, and plasticizers, each serving a specific purpose in enhancing tire performance. Rubber additives find applications in various aspects of tire manufacturing, such as tread compounds, inner liners, and sidewalls. In addition to the automotive tire industry, rubber additives are used in other rubber product manufacturing sectors, including industrial and consumer goods.

The tire industry is increasingly focused on developing sustainable tire solutions. This includes the use of bio-based rubber additives and recycled materials to reduce environmental impact.

With the emergence of electric vehicles (EVs) and autonomous driving technologies, there is a growing demand for high-performance tires that provide exceptional grip, low rolling resistance, and extended durability. Rubber additives will play a crucial role in meeting these demands.  Research and development efforts are ongoing to create new rubber additives that improve tire performance across various parameters, including wet and dry grip, noise reduction, and fuel efficiency.

The global automotive tire rubber additive market is poised for continued growth and innovation as the automotive industry evolves to meet changing consumer demands and environmental regulations. Rubber additives are integral to achieving the performance, safety, and sustainability goals of tire manufacturers. To thrive in this competitive market, businesses in the rubber additive sector should remain adaptive and innovative, continuously exploring new formulations and applications to address the evolving needs of the automotive tire industry. As the automotive industry continues to evolve, the role of rubber additives will remain critical in ensuring tire performance and safety on the road.

Key Market Drivers

Growing Demand for Automotives is Major Factor for Automotive Tire Rubber Additive Market Growth

The global automotive tire rubber additive market is experiencing significant growth, and a major driving force behind this expansion is the growing demand for automotive vehicles worldwide. The automotive industry is undergoing continuous expansion, driven by factors such as population growth, urbanization, and increasing disposable incomes. This growth has resulted in a surge in the production and sales of automobiles across the globe.

Tires are one of the most critical components of any vehicle, playing a pivotal role in ensuring safety, performance, and comfort. They are the sole point of contact between the vehicle and the road, making tire quality and performance a top priority for automotive manufacturers and consumers alike.

As consumer expectations and regulatory standards become more stringent, there is an increasing demand for tires that offer enhanced performance characteristics. These characteristics include better traction, durability, fuel efficiency, and reduced rolling resistance to improve overall vehicle performance and safety.

Rubber additives are essential in tire manufacturing, serving various functions such as improving tire compound stability, enhancing wear resistance, optimizing adhesion to road surfaces, and increasing overall tire performance. They are used to enhance the properties of rubber compounds used in tire production.

The automotive industry's growing focus on sustainability and fuel efficiency has led to the development of eco-friendly tire formulations. Rubber additives play a crucial role in achieving these goals by optimizing tire rolling resistance, which directly impacts fuel consumption and greenhouse gas emissions.

The rising sales of automobiles, including passenger cars, commercial vehicles, and electric vehicles (EVs), contribute to the demand for automotive tires. Each vehicle requires a set of tires, and the increasing number of vehicles on the road drives tire production, thereby boosting the market for tire rubber additives.

The shift towards electric vehicles has unique implications for tire performance. Electric vehicles often demand tires with low rolling resistance to maximize energy efficiency. Rubber additives are employed to achieve this goal while maintaining other critical tire properties.

The automotive tire rubber additive market continues to benefit from technological advancements in materials science. Manufacturers are developing innovative rubber additive formulations that offer better adhesion, improved wear resistance, and enhanced heat dissipation, contributing to tire performance and longevity.

The global automotive tire rubber additive market is on an upward trajectory, primarily driven by the automotive industry's growing demand for high-performance tires. Tires are vital for vehicle safety, efficiency, and sustainability, and rubber additives are essential in achieving the desired tire properties. As the automotive sector continues to expand and evolve, so does the market for tire rubber additives. Manufacturers and suppliers in this market must remain at the forefront of technology and innovation to meet the evolving demands of the automotive industry, ensuring sustained growth and continued relevance in this dynamic and essential sector.

Rising Demand for Consumer Safety Drives the Demand for Automotive Tire Rubber Additive Market

The global automotive tire rubber additive market is experiencing significant growth, driven prominently by the rising demand for consumer safety in the automotive industry.Consumer safety is a paramount concern in the automotive industry. Vehicle manufacturers and regulatory authorities worldwide prioritize the development and implementation of safety features to protect drivers, passengers, and pedestrians.

Tires are a fundamental safety component of any vehicle. They are the primary point of contact between the vehicle and the road, influencing crucial safety aspects such as traction, braking, handling, and stability. The quality and performance of tires have a direct impact on road safety.

Rubber additives play a pivotal role in enhancing the safety of automotive tires. These additives are incorporated into tire compounds to improve properties such as grip, tread wear resistance, and heat dissipation, all of which are vital for safe and reliable tire performance.

Rubber additives are used to enhance the tire's ability to maintain traction, especially in adverse weather conditions such as rain, snow, and ice. Improved traction is critical for preventing accidents and ensuring vehicle stability, particularly during braking and cornering.

Tires must provide consistent performance in both wet and dry conditions. Rubber additives contribute to the development of tire compounds that can maintain grip on wet roads, reducing the risk of hydroplaning and accidents caused by reduced braking efficiency.

Tread wear resistance is another crucial safety aspect addressed by rubber additives. Tires with enhanced wear resistance maintain their grip and handling characteristics for more extended periods, reducing the frequency of tire replacements and associated safety risks.

High-performance tires often generate significant heat during operation, particularly in sports cars and high-speed applications. Rubber additives help dissipate this heat efficiently, preventing tire overheating and maintaining safe operating temperatures.

Government and industry organizations impose strict safety regulations and standards on tires to ensure consumer protection. Tire manufacturers must adhere to these standards, which often require the use of specific rubber additives to meet safety requirements.

Growing concerns about road safety and the increasing stringency of safety regulations worldwide are driving the demand for safer tires. As a result, the market for rubber additives used in tire manufacturing is expanding to meet the safety-related requirements of both manufacturers and consumers.

The global automotive tire rubber additive market is experiencing robust growth, driven by the paramount importance of consumer safety in the automotive industry. Tires are critical safety components, and rubber additives are essential in enhancing their safety-related properties, such as traction, tread wear resistance, and heat dissipation. As the automotive sector continues to prioritize safety and adhere to stringent regulatory standards, the market for tire rubber additives is expected to thrive. Manufacturers and suppliers in this market must remain committed to innovation and compliance with safety standards to meet the evolving demands of the automotive industry, ensuring continued growth and sustained consumer safety.

Stricter Environmental Regulations and the Need for Improved Fuel Efficiency

The global automotive tire rubber additive market is experiencing notable growth, largely driven by the stricter environmental regulations and the automotive industry's imperative to enhance fuel efficiency. Environmental concerns have prompted governments worldwide to enact stricter regulations aimed at reducing vehicle emissions and their overall environmental impact. These regulations include limits on greenhouse gas emissions, such as carbon dioxide (CO2), and the reduction of particulate matter and other pollutants.

Tires play a significant role in a vehicle's fuel efficiency and environmental performance. Rolling resistance, which determines the energy required to move a tire, has a direct impact on fuel consumption. Tires with lower rolling resistance require less energy to move, leading to improved fuel economy and reduced CO2 emissions.

Rubber additives are essential components in tire manufacturing, influencing properties such as rolling resistance. Additives are used to optimize tire compounds, reducing rolling resistance and enhancing fuel efficiency without compromising safety or performance.

In the pursuit of improved fuel efficiency and reduced emissions, the automotive industry is increasingly focused on developing tires that strike a balance between safety, performance, and environmental sustainability. Low rolling resistance tires, aided by rubber additives, are at the forefront of this endeavor.

Governments are actively promoting fuel efficiency as part of broader efforts to combat climate change and reduce air pollution. Fuel-efficient tires are incentivized or mandated through regulations and labeling programs, compelling tire manufacturers to invest in rubber additives that improve rolling resistance.

The growing global concern over fuel economy and environmental sustainability is driving consumer demand for fuel-efficient tires. As a result, the market for rubber additives used to produce these tires is expanding to meet the requirements of manufacturers and consumers alike.

Ongoing research and development efforts in the rubber additives industry have led to the creation of advanced formulations that strike a balance between rolling resistance reduction and other essential tire properties, such as wet and dry grip, durability, and tread life.

The rise of electric vehicles presents unique opportunities and challenges for tire manufacturers. EVs place a premium on tire efficiency to maximize driving range. Rubber additives will continue to play a crucial role in developing tires that meet the specific demands of electric vehicles.

The global automotive tire rubber additive market is experiencing robust growth due to the increasing emphasis on stricter environmental regulations and the automotive industry's commitment to improved fuel efficiency. Tires are integral to achieving these goals, and rubber additives are essential in optimizing tire performance, particularly in reducing rolling resistance. As governments, manufacturers, and consumers prioritize sustainability and fuel economy, the market for tire rubber additives is expected to thrive. Manufacturers and suppliers in this market must continue to innovate and adapt to meet the evolving demands of the automotive industry, ensuring continued growth and a more sustainable and fuel-efficient future.


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Key Market Challenges

Fluctuating Raw Material Costs

Fluctuating raw material costs present a substantial barrier to the growth of the global automotive tire rubber additive market. This industry relies heavily on various additives to enhance tire performance, including durability, grip, and fuel efficiency. However, the prices of these crucial additives are closely tied to the volatility of raw materials, such as petroleum-based chemicals and natural rubber.

The uncertainty surrounding raw material costs can disrupt supply chains and strain manufacturers' profit margins. When the prices of these essential ingredients spike unexpectedly, it leads to increased production expenses, which can ultimately result in higher tire prices for consumers. In this price-sensitive market, cost fluctuations can hinder market growth by impacting both producer competitiveness and consumer demand.

To navigate this challenge, stakeholders in the automotive tire rubber additive market must adopt strategies like diversifying raw material sources, investing in research to develop alternative additives, and optimizing production processes for cost efficiency. These measures can help mitigate the impact of fluctuating raw material costs, stabilize market prices, and facilitate sustainable growth in the industry.

Supply Chain Disruption

Supply chain disruptions represent a significant hindrance to the growth of the global automotive tire rubber additive market. This industry relies on a complex network of suppliers and manufacturers to source and distribute essential additives that enhance tire performance. However, the sector has been increasingly vulnerable to disruptions in recent times, including events like natural disasters, trade tensions, and the COVID-19 pandemic.

Supply chain disruptions can lead to delays in the availability of crucial rubber additives, affecting tire production schedules and hindering the timely release of products to the market. These disruptions often result in higher costs due to expedited shipping or the need to find alternative suppliers.

To counteract the impact of supply chain disruptions and foster market growth, stakeholders must prioritize risk mitigation strategies. These may include diversifying supplier sources, establishing contingency plans, and implementing digital technologies for better supply chain visibility and flexibility. By building more resilient supply chains, the automotive tire rubber additive market can better weather disruptions and ensure a smoother path toward growth and stability.

Key Market Trends

Sustainable Additives

The integration of sustainable additives represents a pivotal trend driving the growth of the global automotive tire rubber additive market. In an era marked by environmental consciousness and a commitment to sustainability, the automotive industry is increasingly turning to eco-friendly solutions. Sustainable additives are gaining prominence in the manufacturing of automotive tires as they enhance tire performance while minimizing their environmental footprint.

These additives often include materials derived from renewable sources, such as bio-based oils and natural fillers, and are designed to improve the tire's durability, rolling resistance, and fuel efficiency. By reducing the carbon emissions and energy consumption associated with tire production and use, sustainable additives align perfectly with the automotive sector's sustainability goals.

As regulatory pressures on reducing greenhouse gas emissions tighten and consumer preferences shift towards more eco-conscious choices, the demand for automotive tires incorporating sustainable additives is on the rise. This trend not only contributes to a greener planet but also offers lucrative growth opportunities for companies in the global automotive tire rubber additive market that are quick to embrace eco-friendly solutions, ultimately fostering a more sustainable future for the automotive industry.

Emergence of Electric Vehicles (EVs) and Autonomous Driving Technologies

The emergence of Electric Vehicles (EVs) and Autonomous Driving Technologies is a transformative trend propelling the growth of the global automotive tire rubber additive market. Electric vehicles, with their unique weight distribution and torque characteristics, demand specialized tire formulations for optimized performance and extended durability. This has led to a heightened need for rubber additives that enhance traction, reduce rolling resistance, and ensure consistent grip, all while extending the lifespan of the tires.

Furthermore, autonomous driving technologies are reshaping the tire industry as they require tires with superior handling and safety features. These advanced systems rely heavily on precise tire data, necessitating the development of smart tire technologies, which often incorporate rubber additives to enhance sensor performance and overall tire quality.

As EVs become more mainstream and autonomous driving capabilities advance, the global automotive tire rubber additive market is experiencing substantial growth. Companies that can innovate and provide cutting-edge rubber additives tailored to the specific demands of electric and autonomous vehicles are poised to capture a significant share of this evolving market, driving further advancements in tire technology.

Segmental Insights

Type Insights

Based on the type,  the Anti degradants segment emerged as the dominant player in the global market for Automotive Tire Rubber Additive. Anti-degradants, also known as antioxidants, are a critical segment in the automotive tire rubber additive market. They play a crucial role in protecting tires from environmental factors such as heat, oxygen, and UV radiation, which can cause degradation and reduce tire lifespan. Ensuring tire durability and performance is a top priority for tire manufacturers, making anti-degradants an essential component in tire formulations.

Plasticizers are another significant segment in the automotive tire rubber additive market. They are used to improve the flexibility and resilience of tire rubber compounds. While anti-degradants focus on durability, plasticizers contribute to the tire's overall flexibility and ability to grip the road surface effectively.

Application Insights

The commercial vehicle segments are projected to experience rapid growth during the forecast period. Commercial vehicles, such as trucks, buses, and delivery vans, typically have higher mileage and heavier loads compared to passenger vehicles. This results in more significant wear and tear on tires. To ensure the longevity and performance of tires used in commercial vehicles, manufacturers rely heavily on rubber additives, including anti-degradants, to protect against factors like heat, friction, and environmental degradation.

Commercial vehicles are essential for logistics and transportation, and their safety and durability are paramount. Tires used in commercial vehicles need to withstand various road conditions, weather, and temperature fluctuations. Rubber additives play a crucial role in enhancing tire durability and ensuring safety, which is particularly important in commercial applications where reliability is essential.


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Regional Insights

Asia-Pacific is poised to dominate the rubber additives market in the coming years, driven by the increasing utilization of these additives in the automotive sector and their growing applications in the electrical and electronics industries in countries like China, India, and South Korea. The rising demand for rubber in tire manufacturing, particularly in the automotive industry, is a major driver for the rubber additives market. As the automotive industry continues to recover and other rubber-based sectors regain momentum, the demand for rubber additives is expected to rise in the region.

China, being the world's largest consumer of natural rubber, is taking measures to boost rubber production due to its limited domestic supply. This creates significant potential for rubber additives as they are essential for processing both natural and synthetic rubber.

Despite recent challenges in the Chinese tire market, the automotive industry remains robust, with an increase in vehicle production and usage of rubber additives across various end-user industries. India, Australia, and South Korea also witnessed growth in motor vehicle production in recent years, further boosting the demand for rubber additives.

Additionally, the electronics manufacturing sector in China has shown steady growth, indicating increased production and investment, particularly in electric cables. India's electronics industry is on a rapid growth trajectory, with expectations of reaching USD 300 billion by 2025-26, further driving the usage of rubber additives.

In summary, the rubber additives market in the Asia-Pacific region is set to grow significantly, driven by the automotive and electronics industries' expansion, increased tire production, and strong demand for rubber-based products.

Recent Developments

  • In 2023, The Yokohama Rubber Co., Ltd. (YRC) revealed its expansion plans for 2023, which come after the successful execution of its medium-term business strategy outlined in Yokohama Transformation 2023 (YX2023). As part of this initiative, YRC will increase its passenger car tire production capacity in India, aiming to boost its annual production by 60% to reach 4.5 million units.
  • In  2022, Birch Chemicals took a strategic step by establishing a new entity in India to cater to the growing demand in the Asian market. Birch Chemicals specializes in offering a diverse range of products, including curing activators and desiccants. This expansion strategy is geared towards capitalizing on the opportunities arising from the flourishing automotive sector in India.
  • In 2022, Evonik introduced POLYVEST eCO, a novel series of sustainable liquid polybutadienes designed for use as additives in tire manufacturing, specifically targeting the growing sustainable market segment. This product launch aligns with the increasing demand for eco-friendly solutions in various industries.

Key Market Players

  • BASF SE
  • Akrochem Corporation
  • Akzo Nobel N.V.
  • Arkema SA
  • BEHN MEYER
  • Eastman Chemical Company
  • LANXESS AG
  • Struktol Company of America, LLC
  • Thomas Swan & Co. Ltd.
  • LUMITOS AG
  • Wacker Chemie AG
  • Velox Solutions Pvt. Ltd
  • Solvay SA
  • China Petrochemical Corporation

By Type

By Application

By Region
  • Plasticizers
  • Coupling Agents
  • Anti degradants
  • Processing Aid/ Promoters
  • Passenger Car
  • Commercial Vehicle
  • Asia Pacific
  • North America
  • Europe
  • South America
  • Middle East & Africa

 

Report Scope:

In this report, the Global Automotive Tire Rubber Additive Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Automotive Tire Rubber Additive Market, By Type:

o   Plasticizers

o   Coupling Agents

o   Anti degradants

o   Processing Aid/ Promoters

  • Automotive Tire Rubber Additive Market, By Application:

o   Passenger Car

o   Commercial Vehicle

  • Automotive Tire Rubber Additive Market, By Region:

o   Asia-Pacific

§  China

§  India

§  Japan

§  Australia

§  South Korea

o   North America

§  United States

§  Canada

§  Mexico

o   Europe

§  France

§  United Kingdom

§  Italy

§  Germany

§  Spain

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

§  Kuwait

§  Turkey

§  Egypt

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Automotive Tire Rubber Additive Market.

Available Customizations:

Global Automotive Tire Rubber Additive market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global Automotive Tire Rubber Additive Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.    Markets Covered

1.2.2.    Years Considered for Study

1.2.3.    Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Applications

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Overview of the Market

3.2.  Overview of Key Market Segmentations

3.3.  Overview of Key Market Players

3.4.  Overview of Key Regions/Countries

3.5.  Overview of Market Drivers, Challenges, Trends

4.    Impact of COVID-19 on Global Automotive Tire Rubber Additive Market

5.    Voice of Customer

6.    Global Automotive Tire Rubber Additive Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value & Volume

6.2.  Market Share & Forecast

6.2.1.    By Type (Plasticisers, Coupling Agents, Anti degradants, Processing Aid/ Promoters)

6.2.2.    By Application (Passenger Car, and Commercial Vehicle)

6.2.3.    By Region

6.2.4.    By Company (2022)

6.3.  Market Map

7.    Asia Pacific Automotive Tire Rubber Additive Market Outlook

7.1.  Market Size & Forecast

7.1.1.    By Value & Volume

7.2.  Market Share & Forecast

7.2.1.    By Type

7.2.2.    By Application

7.2.3.    By Country

7.3.  Asia Pacific: Country Analysis

7.3.1.    China Automotive Tire Rubber Additive Market Outlook

7.3.1.1.        Market Size & Forecast

7.3.1.1.1.           By Value & Volume

7.3.1.2.        Market Share & Forecast

7.3.1.2.1.           By Type

7.3.1.2.2.           By Application

7.3.2.    India Automotive Tire Rubber Additive Market Outlook

7.3.2.1.        Market Size & Forecast

7.3.2.1.1.           By Value & Volume

7.3.2.2.        Market Share & Forecast

7.3.2.2.1.           By Type

7.3.2.2.2.           By Application

7.3.3.    Australia Automotive Tire Rubber Additive Market Outlook

7.3.3.1.        Market Size & Forecast

7.3.3.1.1.           By Value & Volume

7.3.3.2.        Market Share & Forecast

7.3.3.2.1.           By Type

7.3.3.2.2.           By Application

7.3.4.    Japan Automotive Tire Rubber Additive Market Outlook

7.3.4.1.        Market Size & Forecast

7.3.4.1.1.           By Value & Volume

7.3.4.2.        Market Share & Forecast

7.3.4.2.1.           By Type

7.3.4.2.2.           By Application

7.3.5.    South Korea Automotive Tire Rubber Additive Market Outlook

7.3.5.1.        Market Size & Forecast

7.3.5.1.1.           By Value & Volume

7.3.5.2.        Market Share & Forecast

7.3.5.2.1.           By Type

7.3.5.2.2.           By Application

8.    Europe Automotive Tire Rubber Additive Market Outlook

8.1.  Market Size & Forecast

8.1.1.    By Value & Volume

8.2.  Market Share & Forecast

8.2.1.    By Type

8.2.2.    By Application

8.2.3.    By Country

8.3.  Europe: Country Analysis

8.3.1.    France Automotive Tire Rubber Additive Market Outlook

8.3.1.1.        Market Size & Forecast

8.3.1.1.1.           By Value & Volume

8.3.1.2.        Market Share & Forecast

8.3.1.2.1.           By Type

8.3.1.2.2.           By Application

8.3.2.    Germany Automotive Tire Rubber Additive Market Outlook

8.3.2.1.        Market Size & Forecast

8.3.2.1.1.           By Value & Volume

8.3.2.2.        Market Share & Forecast

8.3.2.2.1.           By Type

8.3.2.2.2.           By Application

8.3.3.    Spain Automotive Tire Rubber Additive Market Outlook

8.3.3.1.        Market Size & Forecast

8.3.3.1.1.           By Value & Volume

8.3.3.2.        Market Share & Forecast

8.3.3.2.1.           By Type

8.3.3.2.2.           By Application

8.3.4.    Italy Automotive Tire Rubber Additive Market Outlook

8.3.4.1.        Market Size & Forecast

8.3.4.1.1.           By Value & Volume

8.3.4.2.        Market Share & Forecast

8.3.4.2.1.           By Type

8.3.4.2.2.           By Application

8.3.5.    United Kingdom Automotive Tire Rubber Additive Market Outlook

8.3.5.1.        Market Size & Forecast

8.3.5.1.1.           By Value & Volume

8.3.5.2.        Market Share & Forecast

8.3.5.2.1.           By Type

8.3.5.2.2.           By Application

9.    North America Automotive Tire Rubber Additive Market Outlook

9.1.  Market Size & Forecast

9.1.1.    By Value & Volume

9.2.  Market Share & Forecast

9.2.1.    By Type

9.2.2.    By Application

9.2.3.    By Country

9.3.  North America: Country Analysis

9.3.1.    United States Automotive Tire Rubber Additive Market Outlook

9.3.1.1.        Market Size & Forecast

9.3.1.1.1.           By Value & Volume

9.3.1.2.        Market Share & Forecast

9.3.1.2.1.           By Type

9.3.1.2.2.           By Application

9.3.2.    Mexico Automotive Tire Rubber Additive Market Outlook

9.3.2.1.        Market Size & Forecast

9.3.2.1.1.           By Value & Volume

9.3.2.2.        Market Share & Forecast

9.3.2.2.1.           By Type

9.3.2.2.2.           By Application

9.3.3.    Canada Automotive Tire Rubber Additive Market Outlook

9.3.3.1.        Market Size & Forecast

9.3.3.1.1.           By Value & Volume

9.3.3.2.        Market Share & Forecast

9.3.3.2.1.           By Type

9.3.3.2.2.           By Application

10. South America Automotive Tire Rubber Additive Market Outlook

10.1.             Market Size & Forecast

10.1.1. By Value & Volume

10.2.             Market Share & Forecast

10.2.1. By Type

10.2.2. By Application

10.2.3. By Country

10.3.             South America: Country Analysis

10.3.1. Brazil Automotive Tire Rubber Additive Market Outlook

10.3.1.1.     Market Size & Forecast

10.3.1.1.1.         By Value & Volume

10.3.1.2.     Market Share & Forecast

10.3.1.2.1.         By Type

10.3.1.2.2.         By Application

10.3.2. Argentina Automotive Tire Rubber Additive Market Outlook

10.3.2.1.     Market Size & Forecast

10.3.2.1.1.         By Value & Volume

10.3.2.2.     Market Share & Forecast

10.3.2.2.1.         By Type

10.3.2.2.2.         By Application

10.3.3. Colombia Automotive Tire Rubber Additive Market Outlook

10.3.3.1.     Market Size & Forecast

10.3.3.1.1.         By Value & Volume

10.3.3.2.     Market Share & Forecast

10.3.3.2.1.         By Type

10.3.3.2.2.         By Application

11. Middle East and Africa Automotive Tire Rubber Additive Market Outlook

11.1.             Market Size & Forecast

11.1.1. By Value & Volume

11.2.             Market Share & Forecast

11.2.1. By Type

11.2.2. By Application

11.2.3. By Country

11.3.             MEA: Country Analysis

11.3.1. South Africa Automotive Tire Rubber Additive Market Outlook

11.3.1.1.     Market Size & Forecast

11.3.1.1.1.         By Value & Volume

11.3.1.2.     Market Share & Forecast

11.3.1.2.1.         By Type

11.3.1.2.2.         By Application

11.3.2. Saudi Arabia Automotive Tire Rubber Additive Market Outlook

11.3.2.1.     Market Size & Forecast

11.3.2.1.1.         By Value & Volume

11.3.2.2.     Market Share & Forecast

11.3.2.2.1.         By Type

11.3.2.2.2.         By Application

11.3.3. UAE Automotive Tire Rubber Additive Market Outlook

11.3.3.1.     Market Size & Forecast

11.3.3.1.1.         By Value & Volume

11.3.3.2.     Market Share & Forecast

11.3.3.2.1.         By Type

11.3.3.2.2.         By Application

11.3.4. Qatar Automotive Tire Rubber Additive Market Outlook

11.3.4.1.     Market Size & Forecast

11.3.4.1.1.         By Value & Volume

11.3.4.2.     Market Share & Forecast

11.3.4.2.1.         By Type

11.3.4.2.2.         By Application

11.3.5. Turkiye Automotive Tire Rubber Additive Market Outlook

11.3.5.1.     Market Size & Forecast

11.3.5.1.1.         By Value & Volume

11.3.5.2.     Market Share & Forecast

11.3.5.2.1.         By Type

11.3.5.2.2.         By Application

11.3.6. Egypt Automotive Tire Rubber Additive Market Outlook

11.3.6.1.     Market Size & Forecast

11.3.6.1.1.         By Value & Volume

11.3.6.2.     Market Share & Forecast

11.3.6.2.1.         By Type

11.3.6.2.2.         By Application

12. Market Dynamics

12.1.             Drivers

12.2.             Challenges

13. Market Trends and Developments

13.1.             Recent Developments

13.2.             Product Launches

13.3.             Mergers & Acquisitions

14. Global Automotive Tire Rubber Additive Market: SWOT Analysis

15. Pricing Analysis

16. Porter’s Five Forces Analysis

16.1.             Competition in the Industry

16.2.             Potential of New Entrants

16.3.             Power of Suppliers

16.4.             Power of Customers

16.5.             Threat of Substitute Application

17. PESTLE Analysis

18. Competitive Landscape

18.1.             BASF SE

18.1.1. Business Overview

18.1.2. Company Snapshot

18.1.3. Applications & Services

18.1.4. Financials (In case of listed companies)

18.1.5. Recent Developments

18.1.6. SWOT Analysis

18.2.             Akrochem Corporation

18.2.1. Business Overview

18.2.2. Company Snapshot

18.2.3. Applications & Services

18.2.4. Financials (In case of listed companies)

18.2.5. Recent Developments

18.2.6. SWOT Analysis

18.3.             Akzo Nobel N.V.

18.3.1. Business Overview

18.3.2. Company Snapshot

18.3.3. Applications & Services

18.3.4. Financials (In case of listed companies)

18.3.5. Recent Developments

18.3.6. SWOT Analysis

18.4.             Arkema SA

18.4.1. Business Overview

18.4.2. Company Snapshot

18.4.3. Applications & Services

18.4.4. Financials (In case of listed companies)

18.4.5. Recent Developments

18.4.6. SWOT Analysis

18.5.             BEHN MEYER

18.5.1. Business Overview

18.5.2. Company Snapshot

18.5.3. Applications & Services

18.5.4. Financials (In case of listed companies)

18.5.5. Recent Developments

18.5.6. SWOT Analysis

18.6.             Eastman Chemical Company

18.6.1. Business Overview

18.6.2. Company Snapshot

18.6.3. Applications & Services

18.6.4. Financials (In case of listed companies)

18.6.5. Recent Developments

18.6.6. SWOT Analysis

18.7.             LANXESS AG

18.7.1. Business Overview

18.7.2. Company Snapshot

18.7.3. Applications & Services

18.7.4. Financials (In case of listed companies)

18.7.5. Recent Developments

18.7.6. SWOT Analysis

18.8.             Struktol Company of America, LLC

18.8.1. Business Overview

18.8.2. Company Snapshot

18.8.3. Applications & Services

18.8.4. Financials (In case of listed companies)

18.8.5. Recent Developments

18.8.6. SWOT Analysis

18.9.             Thomas Swan & Co. Ltd.

18.9.1. Business Overview

18.9.2. Company Snapshot

18.9.3. Applications & Services

18.9.4. Financials (In case of listed companies)

18.9.5. Recent Developments

18.9.6. SWOT Analysis

18.10.          LUMITOS AG

18.10.1.              Business Overview

18.10.2.              Company Snapshot

18.10.3.              Applications & Services

18.10.4.              Financials (In case of listed companies)

18.10.5.              Recent Developments

18.10.6.              SWOT Analysis

18.11.          Wacker Chemie AG

18.11.1.              Business Overview

18.11.2.              Company Snapshot

18.11.3.              Applications & Services

18.11.4.              Financials (In case of listed companies)

18.11.5.              Recent Developments

18.11.6.              SWOT Analysis

18.12.          Velox Solutions Pvt. Ltd

18.12.1.              Business Overview

18.12.2.              Company Snapshot

18.12.3.              Applications & Services

18.12.4.              Financials (In case of listed companies)

18.12.5.              Recent Developments

18.12.6.              SWOT Analysis

18.13.          Solvay SA

18.13.1.              Business Overview

18.13.2.              Company Snapshot

18.13.3.              Applications & Services

18.13.4.              Financials (In case of listed companies)

18.13.5.              Recent Developments

18.13.6.              SWOT Analysis

18.14.          China Petrochemical Corporation

18.14.1.              Business Overview

18.14.2.              Company Snapshot

18.14.3.              Applications & Services

18.14.4.              Financials (In case of listed companies)

18.14.5.              Recent Developments

18.14.6.              SWOT Analysis

19. Strategic Recommendations

20. About us and Disclaimer

Figures and Tables

Figure 1: Global Automotive Tire Rubber Additive Market Size, By Value (USD Million), 2019-2029F

Figure 2: Global Automotive Tire Rubber Additive Market Size, By Volume (Million Tonnes), 2019-2029F

Figure 3: Global Automotive Tire Rubber Additive Market Share, By Type, By Value, 2019-2029F

Figure 4: Global Automotive Tire Rubber Additive Market Share, By Application, By Value, 2019-2029F

Figure 5: Global Automotive Tire Rubber Additive Market Share, By Region, By Value, 2019-2029F

Figure 6: Global Automotive Tire Rubber Additive Market Share, By Company, By Value 2023

Figure 7: Global Automotive Tire Rubber Additive Market Map, By Type, Market Size (USD Million) & Growth Rate (%), 2023

Figure 8: Global Automotive Tire Rubber Additive Market Map, By Application, Market Size (USD Million) & Growth Rate (%), 2023

Figure 9: Global Automotive Tire Rubber Additive Market Map, By Region, Market Size (USD Million) & Growth Rate (%), 2023

Figure 10: Asia Pacific Automotive Tire Rubber Additive Market Size, By Value (USD Million), 2019-2029F

Figure 11: Asia Pacific Automotive Tire Rubber Additive Market Size, By Volume (Million Tonnes), 2019-2029F

Figure 12: Asia Pacific Automotive Tire Rubber Additive Market Share, By Type, By Value, 2019-2029F

Figure 13: Asia Pacific Automotive Tire Rubber Additive Market Share, By Application, By Value, 2019-2029F

Figure 14: Asia Pacific Automotive Tire Rubber Additive Market Share, By Country, By Value, 2019-2029F

Figure 15: China Automotive Tire Rubber Additive Market Size, By Value (USD Million), 2019-2029F

Figure 16: China Automotive Tire Rubber Additive Market Size, By Volume (Million Tonnes), 2019-2029F

Figure 17: China Automotive Tire Rubber Additive Market Share, By Type, By Value, 2019-2029F

Figure 18: China Automotive Tire Rubber Additive Market Share, By Application, By Value, 2019-2029F

Figure 19: India Automotive Tire Rubber Additive Market Size, By Value (USD Million), 2019-2029F

Figure 20: India Automotive Tire Rubber Additive Market Size, By Volume (Million Tonnes), 2019-2029F

Figure 21: India Automotive Tire Rubber Additive Market Share, By Type, By Value, 2019-2029F

Figure 22: India Automotive Tire Rubber Additive Market Share, By Application, By Value, 2019-2029F

Figure 23: South Korea Automotive Tire Rubber Additive Market Size, By Value (USD Million), 2019-2029F

Figure 24: South Korea Automotive Tire Rubber Additive Market Size, By Volume (Million Tonnes), 2019-2029F

Figure 25: South Korea Automotive Tire Rubber Additive Market Share, By Type, By Value, 2019-2029F

Figure 26: South Korea Automotive Tire Rubber Additive Market Share, By Application, By Value, 2019-2029F

Figure 27: Japan Automotive Tire Rubber Additive Market Size, By Value (USD Million), 2019-2029F

Figure 28: Japan Automotive Tire Rubber Additive Market Size, By Volume (Million Tonnes), 2019-2029F

Figure 29: Japan Automotive Tire Rubber Additive Market Share, By Type, By Value, 2019-2029F

Figure 30: Japan Automotive Tire Rubber Additive Market Share, By Application, By Value, 2019-2029F

Figure 31: Thailand Automotive Tire Rubber Additive Market Size, By Value (USD Million), 2019-2029F

Figure 32: Thailand Automotive Tire Rubber Additive Market Size, By Volume (Million Tonnes), 2019-2029F

Figure 33: Thailand Automotive Tire Rubber Additive Market Share, By Type, By Value, 2019-2029F

Figure 34: Thailand Automotive Tire Rubber Additive Market Share, By Application, By Value, 2019-2029F

Figure 35: Malaysia Automotive Tire Rubber Additive Market Size, By Value (USD Million), 2019-2029F

Figure 36: Malaysia Automotive Tire Rubber Additive Market Size, By Volume (Million Tonnes), 2019-2029F

Figure 37: Malaysia Automotive Tire Rubber Additive Market Share, By Type, By Value, 2019-2029F

Figure 38: Malaysia Automotive Tire Rubber Additive Market Share, By Application, By Value, 2019-2029F

Figure 39: Vietnam Automotive Tire Rubber Additive Market Size, By Value (USD Million), 2019-2029F

Figure 40: Vietnam Automotive Tire Rubber Additive Market Size, By Volume (Million Tonnes), 2019-2029F

Figure 41: Vietnam Automotive Tire Rubber Additive Market Share, By Type, By Value, 2019-2029F

Figure 42: Vietnam Automotive Tire Rubber Additive Market Share, By Application, By Value, 2019-2029F

Figure 43: Australia Automotive Tire Rubber Additive Market Size, By Value (USD Million), 2019-2029F

Figure 44: Australia Automotive Tire Rubber Additive Market Size, By Volume (Million Tonnes), 2019-2029F

Figure 45: Australia Automotive Tire Rubber Additive Market Share, By Type, By Value, 2019-2029F

Figure 46: Australia Automotive Tire Rubber Additive Market Share, By Application, By Value, 2019-2029F

Figure 47: North America Automotive Tire Rubber Additive Market Size, By Value (USD Million), 2019-2029F

Figure 48: North America Automotive Tire Rubber Additive Market Size, By Volume (Million Tonnes), 2019-2029F

Figure 49: North America Automotive Tire Rubber Additive Market Share, By Type, By Value, 2019-2029F

Figure 50: North America Automotive Tire Rubber Additive Market Share, By Application, By Value, 2019-2029F

Figure 51: North America Automotive Tire Rubber Additive Market Share, By Country, By Value, 2019-2029F

Figure 52: United States Automotive Tire Rubber Additive Market Size, By Value (USD Million), 2019-2029F

Figure 53: United States Automotive Tire Rubber Additive Market Size, By Volume (Million Tonnes), 2019-2029F

Figure 54: United States Automotive Tire Rubber Additive Market Share, By Type, By Value, 2019-2029F

Figure 55: United States Automotive Tire Rubber Additive Market Share, By Application, By Value, 2019-2029F

Figure 56: Mexico Automotive Tire Rubber Additive Market Size, By Value (USD Million), 2019-2029F

Figure 57: Mexico Automotive Tire Rubber Additive Market Size, By Volume (Million Tonnes), 2019-2029F

Figure 58: Mexico Automotive Tire Rubber Additive Market Share, By Type, By Value, 2019-2029F

Figure 59: Mexico Automotive Tire Rubber Additive Market Share, By Application, By Value, 2019-2029F

Figure 60: Canada Automotive Tire Rubber Additive Market Size, By Value (USD Million), 2019-2029F

Figure 61: Canada Automotive Tire Rubber Additive Market Size, By Volume (Million Tonnes), 2019-2029F

Figure 62: Canada Automotive Tire Rubber Additive Market Share, By Type, By Value, 2019-2029F

Figure 63: Canada Automotive Tire Rubber Additive Market Share, By Application, By Value, 2019-2029F

Figure 64: Europe Automotive Tire Rubber Additive Market Size, By Value (USD Million), 2019-2029F

Figure 65: Europe Automotive Tire Rubber Additive Market Size, By Volume (Million Tonnes), 2019-2029F

Figure 66: Europe Automotive Tire Rubber Additive Market Share, By Type, By Value, 2019-2029F

Figure 67: Europe Automotive Tire Rubber Additive Market Share, By Application, By Value, 2019-2029F

Figure 68: Europe Automotive Tire Rubber Additive Market Share, By Country, By Value, 2019-2029F

Figure 69: Germany Automotive Tire Rubber Additive Market Size, By Value (USD Million), 2019-2029F

Figure 70: Germany Automotive Tire Rubber Additive Market Size, By Volume (Million Tonnes), 2019-2029F

Figure 71: Germany Automotive Tire Rubber Additive Market Share, By Type, By Value, 2019-2029F

Figure 72: Germany Automotive Tire Rubber Additive Market Share, By Application, By Value, 2019-2029F

Figure 73: France Automotive Tire Rubber Additive Market Size, By Value (USD Million), 2019-2029F

Figure 74: France Automotive Tire Rubber Additive Market Size, By Volume (Million Tonnes), 2019-2029F

Figure 75: France Automotive Tire Rubber Additive Market Share, By Type, By Value, 2019-2029F

Figure 76: France Automotive Tire Rubber Additive Market Share, By Application, By Value, 2019-2029F

Figure 77: Italy Automotive Tire Rubber Additive Market Size, By Value (USD Million), 2019-2029F

Figure 78: Italy Automotive Tire Rubber Additive Market Size, By Volume (Million Tonnes), 2019-2029F

Figure 79: Italy Automotive Tire Rubber Additive Market Share, By Type, By Value, 2019-2029F

Figure 80: Italy Automotive Tire Rubber Additive Market Share, By Application, By Value, 2019-2029F

Figure 81: United Kingdom Automotive Tire Rubber Additive Market Size, By Value (USD Million), 2019-2029F

Figure 82: United Kingdom Automotive Tire Rubber Additive Market Size, By Volume (Million Tonnes), 2019-2029F

Figure 83: United Kingdom Automotive Tire Rubber Additive Market Share, By Type, By Value, 2019-2029F

Figure 84: United Kingdom Automotive Tire Rubber Additive Market Share, By Application, By Value, 2019-2029F

Figure 85: Spain Automotive Tire Rubber Additive Market Size, By Value (USD Million), 2019-2029F

Figure 86: Spain Automotive Tire Rubber Additive Market Size, By Volume (Million Tonnes), 2019-2029F

Figure 87: Spain Automotive Tire Rubber Additive Market Share, By Type, By Value, 2019-2029F

Figure 88: Spain Automotive Tire Rubber Additive Market Share, By Application, By Value, 2019-2029F

Figure 89: Middle East & Africa Automotive Tire Rubber Additive Market Size, By Value (USD Million), 2019-2029F

Figure 90: Middle East & Africa Automotive Tire Rubber Additive Market Size, By Volume (Million Tonnes), 2019-2029F

Figure 91: Middle East & Africa Automotive Tire Rubber Additive Market Share, By Type, By Value, 2019-2029F

Figure 92: Middle East & Africa Automotive Tire Rubber Additive Market Share, By Application, By Value, 2019-2029F

Figure 93: Middle East & Africa Automotive Tire Rubber Additive Market Share, By Country, By Value, 2019-2029F

Figure 94: South Africa Automotive Tire Rubber Additive Market Size, By Value (USD Million), 2019-2029F

Figure 95: South Africa Automotive Tire Rubber Additive Market Size, By Volume (Million Tonnes), 2019-2029F

Figure 96: South Africa Automotive Tire Rubber Additive Market Share, By Type, By Value, 2019-2029F

Figure 97: South Africa Automotive Tire Rubber Additive Market Share, By Application, By Value, 2019-2029F

Figure 98: Egypt Automotive Tire Rubber Additive Market Size, By Value (USD Million), 2019-2029F

Figure 99: Egypt Automotive Tire Rubber Additive Market Size, By Volume (Million Tonnes), 2019-2029F

Figure 100: Egypt Automotive Tire Rubber Additive Market Share, By Type, By Value, 2019-2029F

Figure 101: Egypt Automotive Tire Rubber Additive Market Share, By Application, By Value, 2019-2029F

Figure 102: Saudi Arabia Automotive Tire Rubber Additive Market Size, By Value (USD Million), 2019-2029F

Figure 103: Saudi Arabia Automotive Tire Rubber Additive Market Size, By Volume (Million Tonnes), 2019-2029F

Figure 104: Saudi Arabia Automotive Tire Rubber Additive Market Share, By Type, By Value, 2019-2029F

Figure 105: South Korea Automotive Tire Rubber Additive Market Share, By Application, By Value, 2019-2029F

Figure 106: UAE Automotive Tire Rubber Additive Market Size, By Value (USD Million), 2019-2029F

Figure 107: UAE Automotive Tire Rubber Additive Market Size, By Volume (Million Tonnes), 2019-2029F

Figure 108: UAE Automotive Tire Rubber Additive Market Share, By Type, By Value, 2019-2029F

Figure 109: UAE Automotive Tire Rubber Additive Market Share, By Application, By Value, 2019-2029F

Figure 110: Turkey Automotive Tire Rubber Additive Market Size, By Value (USD Million), 2019-2029F

Figure 111: Turkey Automotive Tire Rubber Additive Market Size, By Volume (Million Tonnes), 2019-2029F

Figure 112: Turkey Automotive Tire Rubber Additive Market Share, By Type, By Value, 2019-2029F

Figure 113: Turkey Automotive Tire Rubber Additive Market Share, By Application, By Value, 2019-2029F

Figure 114: Qatar Automotive Tire Rubber Additive Market Size, By Value (USD Million), 2019-2029F

Figure 115: Qatar Automotive Tire Rubber Additive Market Size, By Volume (Million Tonnes), 2019-2029F

Figure 116: Qatar Automotive Tire Rubber Additive Market Share, By Type, By Value, 2019-2029F

Figure 117: Qatar Automotive Tire Rubber Additive Market Share, By Application, By Value, 2019-2029F

Figure 118: South America Automotive Tire Rubber Additive Market Size, By Value (USD Million), 2019-2029F

Figure 119: South America Automotive Tire Rubber Additive Market Size, By Volume (Million Tonnes), 2019-2029F

Figure 120: South America Automotive Tire Rubber Additive Market Share, By Type, By Value, 2019-2029F

Figure 121: South America Automotive Tire Rubber Additive Market Share, By Application, By Value, 2019-2029F

Figure 122: South America Automotive Tire Rubber Additive Market Share, By Country, By Value, 2019-2029F

Figure 123: Brazil Automotive Tire Rubber Additive Market Size, By Value (USD Million), 2019-2029F

Figure 124: Brazil Automotive Tire Rubber Additive Market Size, By Volume (Million Tonnes), 2019-2029F

Figure 125: Brazil Automotive Tire Rubber Additive Market Share, By Type, By Value, 2019-2029F

Figure 126: Brazil Automotive Tire Rubber Additive Market Share, By Application, By Value, 2019-2029F

Figure 127: Argentina Automotive Tire Rubber Additive Market Size, By Value (USD Million), 2019-2029F

Figure 128: Argentina Automotive Tire Rubber Additive Market Size, By Volume (Million Tonnes), 2019-2029F

Figure 129: Argentina Automotive Tire Rubber Additive Market Share, By Type, By Value, 2019-2029F

Figure 130: Argentina Automotive Tire Rubber Additive Market Share, By Application, By Value, 2019-2029F

Figure 131: Colombia Automotive Tire Rubber Additive Market Size, By Value (USD Million), 2019-2029F

Figure 132: Colombia Automotive Tire Rubber Additive Market Size, By Volume (Million Tonnes), 2019-2029F

Figure 133: Colombia Automotive Tire Rubber Additive Market Share, By Type, By Value, 2019-2029F

Figure 134:Colombia Automotive Tire Rubber Additive Market Share, By Application, By Value, 2019-2029F

Frequently asked questions

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The market size of the Global Automotive Tire Rubber Additive Market was estimated to be USD 5.86 billion in 2022.

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Based on the type, the Anti degradants segment emerged as the dominant player in the global market for Automotive Tire Rubber Additive. Anti-degradants, also known as antioxidants, are a critical segment in the automotive tire rubber additive market. They play a crucial role in protecting tires from environmental factors such as heat, oxygen, and UV radiation, which can cause degradation and reduce tire lifespan. Ensuring tire durability and performance is a top priority for tire manufacturers, making anti-degradants an essential component in tire formulations.

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Asia-Pacific is poised to dominate the rubber additives market in the coming years, driven by the increasing utilization of these additives in the automotive sector and their growing applications in the electrical and electronics industries in countries like China, India, and South Korea. The rising demand for rubber in tire manufacturing, particularly in the automotive industry, is a major driver for the rubber additives market. As the automotive industry continues to recover and other rubber-based sectors regain momentum, the demand for rubber additives is expected to rise in the region.

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Growing demand for automotives and rising demand for consumer safety drives are the major drivers for the Global Automotive Tire Rubber Additive Market.

Related Reports

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Sakshi Bajaal

Business Consultant
Press Release

Automotive Tire Rubber Additive Market to Grow with a CAGR of 3.38% through 2028

Oct, 2023

Growing demand for automotives and rising demand for consumer safety drives are factors driving the Global Automotive Tire Rubber Additive Market in the forecast period 2024-2028.

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