India Rubber Processing Chemicals Demand to Reach $443 Million by 2023
Robust growth of the industrial sector, increasing
urbanization coupled with expansion of tire manufacturing facilities to propel
demand for rubber processing chemicals in India through 2023
According
to TechSci Research report, “IndiaRubber Processing Chemicals Market By Type, By Application, Competition
Forecast & Opportunities, 2013 – 2023’’, rubber processing chemicals market
in the country is forecast to surpass $ 443 million by 2023, majorly on account
of increasing production base of rubber products. Moreover, government
initiatives to support rubber production, growing investments in research &
development efforts to develop innovative products, and expansion of tire production
plants is expected to increase
the consumption of rubber processing chemicals in India over the next five years.
Declining raw material prices and growing export opportunities for rubber
processing chemical providers are some of the other factors that would fuel the
country’s rubber processing chemicals industry during the forecast period.
Browse 14 market data
Tables and 35 Figures spread through 95
Pages and an in-depth TOC on "India Rubber
Processing Chemicals Market"
https://www.techsciresearch.com/sample-report.aspx?cid=2349
On the basis of type, rubber
processing chemicals market is majorly segmented into anti-degradants, accelerators,
retarders, blowing agents, peptizers and others. Anti-Degradants is the dominating
and fastest growing segment in the India rubber processing chemicals market, owing
to its property to provide better finishing, higher tensile strength and heat
resistance to rubber products. Moreover, anti-degradants provide protection to
rubber from the damage caused by oxidation and ozone, consequently, they are being
widely used in the vulcanization process. Accelerators, composed of high-quality
alkaline compounds, are the second dominating type of rubber processing
chemicals, which are used to increase the speed of vulcanization process.
Download Sample Report @ https://www.techsciresearch.com/sample-report.aspx?cid=2349
Customers can also request for 10% free customization
on this report.
Besides the tire manufacturing industry, rubber
processing chemicals are widely used in polymer modification, medical,
construction, aerospace, footwear, electric & electronics and other
downstream industries. “Increasing urbanization and growing production base of tire
industry are the prime factors expected to drive rubber processing chemicals
market in India over the coming years. South India accounts for the largest
share in India rubber processing chemicals market, owing to the presence of
large tire production facilities in the region. Moreover, expansion of tire production
facilities by leading tire players such as Apollo Tyres, JK Tyre and MRF Tyre
in Tamil Nadu is expected to increase the sales of rubber processing chemicals
in the region during the forecast period.”, said Mr. Karan
Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“India Rubber Processing Chemicals Market By Type, By
Application, Competition Forecast & Opportunities, 2013 – 2023” has
evaluated the future growth potential of rubber processing chemicals market and
provides statistics and information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in India rubber processing chemicals market.
About TechSci Research
TechSci Research is a leading global market research firm publishing
premium market research reports. Serving 700 global clients with more than 600
premium market research studies, TechSci Research is serving clients across 11
different industrial verticals. TechSci Research specializes in research based
consulting assignments in high growth and emerging markets, leading
technologies and niche applications. Our workforce of more than 100 fulltime
Analysts and Consultants employing innovative research solutions and tracking
global and country specific high growth markets helps TechSci clients to lead
rather than follow market trends.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email:
[email protected]