Sales of rubber processing chemicals were valued at US$ 5.15 Billion in FY 2022, and is likely to exhibit a Y-o-Y expansion rate of 3.1% to reach US$ 5.31 Billion in 2022. Overall, the market is forecast to register a CAGR of over 3%.
According to Fact.MR’s projections, the rubber processing chemicals industry is reliant on extensive deployment of styrene-butadiene, nitrile, and neoprene synthetic rubbers. This widespread reliance creates significant growth opportunities for rubber processing chemicals sales in the coming decade.
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When compared to natural rubber, manufacturers are focusing on synthetic rubber as it is more durable and long-lasting. It is more resistant to chemicals, extreme temperature, ozone, sunlight, and weathering damage and degradation. It is also extremely flexible and has excellent insulation properties. The market is experiencing high demand due to the use of various properties of rubber-based products, such as resilience, hardiness, heat and abrasion resistance, and tensile strength. They also help to prevent oxidation damage and dynamic stress, which are driving the market growth.
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The global keyword market report offers detailed assessments and quantitative evaluations that shed light on numerous key aspects that have shaped its evolution over the historical period. In coming years, some of the key aspects that will shape the growth prospects during the forecast period are objectively covered in the study.
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