India’s rubber processing chemicals market grow at a CAGR of 7.5% by 2023

tyresIndia’s rubber processing chemicals market is projected to grow at a CAGR of 7.5% by 2023 in India thanks to the growing tyre manufacturing base in the country.

Strong growth in the country’s industrial and automotive sectors, coupled with declining raw material prices, favourable government initiatives to support rubber production and growing investments in production facilities of rubber processing chemicals are among the key factors expected to aid the rubber processing chemicals market in India during the forecast period.

Some of the major players operating in India rubber processing chemicals market are:NOCIL Limited, Lanxess India Private Limited, PMC Rubber Chemicals India Private Limited, Pukhraj Additives LLP, Yasho Industries Pvt. Ltd, Swarup Chemicals Pvt. Ltd, Finornic Chemicals (India) Pvt. Ltd, Associated Rubber Chemicals (Kochi) Pvt. Ltd, Acmechem Limited and Ceyenar Chemicals Pvt. Ltd