The surging demand for tires from the ever-evolving automotive industry is positively impacting the growth of rubber anti tack agents market. The global tires market, in 2015, exceeded 3 billion units and is projected to surpass 4.2 billion units by 2024. Anti-tack compounds are used in the rubber industry to remove the self-sticking property of uncured rubber. Moreover, modifications and advancements in rubber processing in various end-use industries has significantly uplifted rubber anti-tack agents industry share. According to Global Market Insights, Inc., Rubber Anti tack Agents Market size is estimated to register a CAGR of 4% over the period of 2016-2024.
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Basically, SBR (styrene butadiene rubber) and NBR (nitrile rubber) are the two major types of rubbers predominantly used in tire manufacturing. SBR offers better oil and abrasion resistance and therefore finds extensive adoption in the tire industry. While another rubber type called NBR is widely used in the manufacturing of nitrile gloves. These gloves are used for industrial and medical purposes which prevents transmission of viruses. Rising awareness and health concerns is likely to boost demand for the NBR rubber gloves which is significantly driving rubber anti-tack agents market size.
Increasing nitrile gloves demand, owing to expanding healthcare industry, particularly in US is set to surge rubber anti tack agents market. Increasing number of nursing homes and alertness to maintain hygiene to control the transmission of virus and bacteria have highly pushed the demand for nitrile rubber gloves. North America being a prominent region partaking in the rubber anti-tack agents market accounted for a revenue of over USD 40 million in 2015.
The fatty acid esters used to eliminate the substrates’ adhesiveness is one of the major products of rubber anti-tack agents market. Fatty acid esters used in this industry collected revenue worth USD 55 million in 2015. Soaps anti-tack agents are anticipated to experience gains beyond 4% CAGR between the period of 2016-2024. This product is widely used by manufacturers as release agents in processing of uncured rubber polymers.
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APAC rubber anti-tack agents industry is set to record a y-o-y growth rate of 4.5% from 2016-2024. The fast-paced growth of the regional automotive industry is the key driver impacting the industry outlook.
Rubber anti-tack agents industry is bound to witness intense competition, especially in North America and Asia Pacific due to the presence of major production units for fatty acid esters. The major players of rubber anti-tack agents market roughly occupied over 40% of the overall industry share in 2015. H.L. Blachford Ltd, Schill+Seilacher GmbH, Hallstar, and Baerlocher are the prominent market participants. Other key players include Croda International, Peter Greven GmbH, Lion Specialty Chemicals, and Stephenson Alkon Solutions.
Browse key industry insights spread across 90 pages with 90 market data tables & 11 figures & charts from the report, “Rubber Anti-Tack Agents Market By Product (Fatty Acid Esters, Fatty Acid Amides, Stearates, Soap, Silicone Polymers), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, China, India, Japan, Australia, Indonesia, Malaysia, Brazil, Mexico, South Africa, GCC), Application Potential, Price Trend, Competitive Market Share & Forecast, 2016 – 2024” in detail along with the table of contents:
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