Thailand, one of the leading rubber-producing countries worldwide, accounts for around one-third of the global rubber produce. Rubber procured in raw latex form requires chemical treatment to impart the required physical properties such as tensile strength, flexibility and durability, which are achieved by chemical processing of rubber by fillers, plasticisers, activators, vulcanisers and accelerators.
Besides tyres, rubber is also used for manufacturing gloves, conveyor belts, condoms, shoe soles, etc. Being an emerging automobile production base in the ASEAN region coupled with significant presence of tyre companies in the country, Thailand consumes majority of its rubber produce for manufacturing tyres. This, in turn, creates significant demand for rubber processing chemicals in the country.
According to “Thailand Rubber Chemicals Market Forecast & Opportunities, 2020”, the market for rubber chemicals in Thailandis projected to register a CAGR of over 4% during 2015-20. Due to lack of domestic manufacturing, Thailand is hugely dependent on rubber chemical imports from China, Japan and Germany. Segment wise, rubber fillers accounted for a majority share in the country’s rubber chemicals market in 2014, and the segment’s dominance is expected to continue through 2020. Behn Meyer, Cosan, Sumitomo, LanXESS and NOCIL are few of the leading chemical companies that are offering rubber processing compounds in the country through their exclusive distributors or sales offices. “Thailand Rubber Chemicals Market Forecast & Opportunities, 2020” discusses the following aspects of rubber chemicals market in Thailand:
– Thailand Rubber Chemicals Market Size, Share & Forecast
– Segmental Analysis – Fillers, Plasticizers, Activators, Vulcanizers, Accelerators & Others
– Regional & Application Analysis
– Changing Market Trends & Emerging Opportunities
– Competitive Landscape & Strategic Recommendations
Source: PR Newswire