Worldwide demand for rubber processing chemicals is projected to rise 4.7% year through 2015 and reach 1.35 million tonnes, according to a report published by Reportlinker.com. The increase will be driven by ongoing robust growth in the Asia-Pacific region, particularly in China, and demand recovery in Japan, Western Europe and the U.S.
As the living standards improve across the developing world, the rate of motor vehicle ownership will continue to increase and result in high demand for tire rubber, which is the major market for rubber chemicals. The Chinese demand for rubber chemicals is forecast to reach approximately 580,000 tonnes at an annual growth rate of 8.1% through 2015.
The growth will be due to an increase in demand for both tire and non-tire rubber. The report reveals that the demand for antidegradants is expected to rise 4.7% per year through 2015 and reach 810,000 tonnes. In addition, demand for accelerators will go beyond 415,000 metric tons in 2015. Demand for other rubber processing chemicals, including blowing agents, adhesion promoters and processing aids, is projected to achieve 130,000 tonnes in the same year.
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