Future Market Insights (FMI) has forecasted that the global market for Vulcanization Accelerators will grow at a year-on-year rate of 3.8% in 2022, reaching a value of about USD 1,708.1 million by the end of 2022. The global business is anticipated to witness a considerable CAGR of 4.3% between 2022 and 2029.
| Report Attributes | Details |
|---|---|
| Vulcanization Accelerators Market Base Year Value (2021A) | USD 1,637.2 Million |
| Vulcanization Accelerators Market Estimated Year Value (2022E) | USD 1,708.1 Million |
| Vulcanization Accelerators Market Projected Year Value (2029F) | USD 2,301.6 Million |
| Vulcanization Accelerators Market Value CAGR (2022 to 2029) | 4.3% |
| Market Collective Value Share: Top 3 Countries (2022E) | 46.5% |
Due to increased industrial activity, growing automobile production, and rising medical expenditure in established and developing nations, the demand for vulcanization accelerators is predicted to rise over the forecast period. Considering this, FMI has forecasted the global Vulcanization Accelerators sales to reach a valuation of USD 2,301.6 Million in 2029.
| Market Statistics | Details |
|---|---|
| H1,2021 (A) | 4.2% |
| H1,2022 Projected (P) | 4.3% |
| H1,2022 Outlook (O) | 4.0% |
| BPS Change : H1,2022 (O) - H1,2022 (P) | (-) 30 ↓ |
| BPS Change : H1,2022 (O) - H1,2021 (A) | (-) 20 ↓ |
The bps values recorded in the vulcanization accelerators market in H1, 2022 - Outlook over H1, 2022 Projected represent a reduction of 30 units, according to FMI analysis. Additionally, the market is anticipated to fall another 20 BPS in H1–2022 compared to H1 2021.
Growing health concerns and rising awareness of commodity composition among end users are the key factors behind the market's downfallet. Vulcanization accelerators are slightly toxic, and with the presence or development of less toxic alternatives to the product, demand is likely to be hampered compared to previous years.
Further, the rise in the price of commodity products and ongoing geopolitical tensions are also impacting the market's growth.
Future Market Insights anticipates a comparison and review analysis of the market dynamics for vulcanization accelerators, which is primarily influenced by several industry-specific factors and a few distinct influences regarding therapeutic strategies that foster industry innovation.
One of the most recent innovations in the industry is the continuous research and development of low-cost, highly effective, and less harmful vulcanization accelerators.
However, despite various challenges in the market, demand for vulcanization accelerators is expected to witness moderate growth with expanding industrial activity, rising vehicle production, and rising medical spending in developed and developing nations.
Additionally, growing tire production capacity and an abundance of inexpensive raw materials in developing nations like China, India, and ASEAN are anticipated to fuel the growth of the vulcanization accelerators market during the projected year.
Sales of Vulcanization Accelerators increased at a CAGR of 3.7% between 2014 and 2021. Sales prospects in 2020 and 2021 were dampened due to the outbreak of the COVID-19 pandemic, which reduced the demand for Vulcanization Accelerators. Still, in the coming years, the growth is expected to return to its original pace.
Increasing industrial activity, growing automobile output, and rising medical expenditure in established and developing economies will likely boost demand for vulcanization accelerators throughout the forecast period. Furthermore, rising tire manufacturing capacity and plentiful low-cost raw material availability in developing countries such as China, India, and ASEAN countries are expected to propel the vulcanization accelerators market forward throughout the forecast period. However, developing high-performance tires in developed economies will result in moderate market growth.
The market is expected to witness attractive growth opportunities in the near future owing to its higher consumption in the automotive & medical industries, which is anticipated to boost the demand for Vulcanization Accelerators.
Vulcanization accelerators are essential in the automobile sector since they produce tires, wiper blades, engine mounts, seals, hoses, and belts. Due to the easy availability of a wide range of products at a fair price point, individual customers are increasing their spending on tire replacement, consumer goods, and medical treatments.
The market is predicted to rapidly increase, particularly in India and China, driving global demand for automotive (passenger cars). The number of vehicles in use has risen in tandem with the growth in vehicle production. This has a direct impact on the aftermarket automotive maintenance and repair industry.
The growing fleet of midsize and compact automobiles is expected to benefit the Vulcanization Accelerators market, as each vehicle will be equipped with rubber-based auxiliary parts and tires.
Tire production is continuously increasing due to rising automobile sales and aftermarket operations. Tire manufacturing uses Vulcanization accelerators to expedite processes and improve tier properties. They also favorably impact the operating rate by boosting the rate of reaction.
As a result, rising tire usage is propelling the vulcanization accelerator market forward. Increasing consumption of the compound in the automotive segment is anticipated to boost demand in the near future, which is expected to reach about USD 2,301.6 million by the year 2029.
As per FMI, the USA is projected to account for a significant share of the global Vulcanization Accelerators market. The demand for vulcanization accelerators is increasing due to the existence of major tire manufacturers such as Bridgestone, Goodyear, Michelin, Continental, and Pirelli. On the other hand, increased tire imports from Chinese producers are slowing tire output in North America.
The growing fleet size of passenger cars, light trucks, and heavy trucks is driving up demand for replacement tires.
This will directly influence the market for Vulcanization Accelerators. Growth, on the other hand, is predicted to be moderate and consistent. The domination of industrial operations and rising medical and healthcare expenditures, on the other hand, will have a beneficial impact on the market's growth.
The rising need for vulcanization accelerators drives up demand for industrial and medical rubber goods. Despite the United States' dominance, Canada is predicted to overtake the United States in the next few years due to expanding opportunities in the medical sector and custom industrial component design. The USA is expected to reach about USD 240.8 million by 2029.
The market is expected to gain traction at 3.2% CAGR between 2022 and 2029. Russia is expected to dominate the European market in the forecast period for the Eastern Europe region.
The European market for Vulcanization Accelerators is predicted to grow moderately. The growing demand for green tires in the region due to labeling initiatives is expected to boost market growth in the coming years. Western Europe has reached market saturation, whereas Eastern Europe is expected to make a considerable contribution to regional market growth.
Due to increased tire production and tire replacement activities in the region, Russia is predicted to fuel the growth of the Europe Vulcanization Accelerators Market. Apart from that, European countries are seeing an increase in car production and aftermarket operations. The need for high-performance materials will rise as the use of high-performance tires rises.
China is projected to reach an estimated value of USD 661.4 Million by the end of 2029. In the overall market of Vulcanization Accelerators, China is the leading producer & consumer of Vulcanization Accelerators owing to the presence of the key players. In recent years, China's auto sector has experienced substantial expansion.
Tire production in China is increasing steadily. However, fluctuating raw material prices caused by trade disputes and material overstock harm local manufacturers. Furthermore, enforcing strict rules on tire exports from European countries and the United States is projected to exacerbate tire makers' troubles.
China and Japan are two of the world's largest tire producers. As the population, standard of living, and manufacturing of electric vehicles rise in East Asia, the need for tires will rise, positively impacting the East Asian Vulcanization Accelerators Market.
The medical industry is expected to grow at a prominent value of 4.3% CAGR from 2022 to 2029.
Tubes, surgical gloves, condoms, breathing bags, cushioning or supporting materials, prostheses, catheters, and implants are just a few examples of medical items that use vulcanization accelerators. The global Vulcanization Accelerators market should benefit from rising healthcare spending.
Due to changing lifestyles, more health awareness, and changing environmental circumstances, medical and healthcare spending has increased significantly in recent years. In the not-too-distant future, government healthcare spending as a percentage of GDP is expected to climb.
As a result, demand for medical rubber goods is expected to increase. Over the projected period, the market is expected to rise due to the increasing use of vulcanization accelerators in manufacturing medical rubber products. Medical-grade rubber products are also in high demand due to a growth in cardiac problems, pediatrics, and the need for vital life-saving surgeries.
Over the past few years, manufacturers have shifted their focus toward emerging regions to meet the increasing demand for Vulcanization Accelerators. Several key players are also focusing on expanding their production capacities, launching new products, conducting Research and Development, and increasing mergers and acquisition activities.
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| Attribute | Details |
|---|---|
| Forecast Period | 2022 to 2029 |
| Historical Data Available for | 2014 to 2021 |
| Market Analysis | USD Million for Value and Tons for Volume |
| Key Regions Covered | North America; Latin America; Europe; South Asia; East Asia; Oceania; Middle East & Africa. |
| Key Countries Covered | USA, Canada, Germany, United Kingdom, France, Italy, Spain, Russia, BENELUX, China, Japan, India, ASEAN, Oceania, South Korea, Australia, New Zealand, Brazil, Mexico, GCC Countries, South Africa, Turkey |
| Key Segments Covered | Product Type, Application, and Region |
| Key Companies Profiled | Lanxess AG; NOCIL LIMITED; Sumitomo Chemical Co., Ltd.; Arkema; Eastman Chemical Corporation; KUMHO PETROCHEMICAL; Emerald Performance Materials; King Industries, Inc.; Duslo, a.s; Jing Xian Yuelong Metal Rubber Products; Co., Ltd.; Willing New Materials Technology Co. Ltd.; Shandong Stair Chemical & Technology Co., Ltd.; Shandong Yanggu Huatai Chemical Co., Ltd.; Kemai Chemical Co., Ltd. |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, Drivers, Restraints, Opportunities and Threats Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
Table 01: Global Market Size (US$ Million) and Volume (Tons) Forecast by Product Type 2022 to 2029
Table 02: Global Market Size (US$ Million) and Volume (Tons) Forecast by Application 2022 to 2029
Table 03: Global Market Size (US$ Million) and Volume (Tons) Forecast by Region 2022 to 2029
Table 04: North America Market Size (US$ Million) and Volume (Tons) Forecast by Country 2014 to 2029
Table 05: North America Market Size (US$ Million) and Volume (Tons) Forecast by Product Type 2022 to 2029
Table 06: North America Market Size (US$ Million) and Volume (Tons) Forecast by Application 2022 to 2029
Table 07: Latin America Market Size (US$ Million) and Volume (Tons) Forecast by Country, 2014 to 2029
Table 08: Latin America Market Size (US$ Million) and Volume (Tons) Forecast by Product Type 2022 to 2029
Table 09: Latin America Market Size (US$ Million) and Volume (Tons) Forecast by Application 2022 to 2029
Table 10: Europe Market Size (US$ Million) and Volume (Tons) Forecast by Country, 2014 to 2029
Table 11: Europe Market Size (US$ Million) and Volume (Tons) Forecast by Product Type 2022 to 2029
Table 12: Europe Market Size (US$ Million) and Volume (Tons) Forecast by Application 2022 to 2029
Table 13: South Asia Market Size (US$ Million) and Volume (Tons) Forecast by Country, 2014 to 2029
Table 14: South Asia Market Size (US$ Million) and Volume (Tons) Forecast by Product Type 2022 to 2029
Table 15: South Asia Market Size (US$ Million) and Volume (Tons) Forecast by Application 2022 to 2029
Table 16: East Asia Market Size (US$ Million) and Volume (Tons) Forecast by Country, 2014 to 2029
Table 17: East Asia Market Size (US$ Million) and Volume (Tons) Forecast by Product Type 2022 to 2029
Table 18: East Asia Market Size (US$ Million) and Volume (Tons) Forecast by Application 2022 to 2029
Table 19: Oceania Market Size (US$ Million) and Volume (Tons) Forecast by Country, 2014 to 2029
Table 20: Oceania Market Size (US$ Million) and Volume (Tons) Forecast by Product Type 2022 to 2029
Table 21: Oceania Market Size (US$ Million) and Volume (Tons) Forecast by Application 2022 to 2029
Table 22: Middle East & Africa Market Size (US$ Million) and Volume (Tons) Forecast by Country 2014 to 2029
Table 23: Middle East & Africa Market Size (US$ Million) and Volume (Tons) Forecast by Product Type 2022 to 2029
Table 24: Middle East & Africa Market Size (US$ Million) and Volume (Tons) Forecast by Application 2022 to 2029
Table 25: China Market Size (US$ Million) and Volume (Tons) Forecast by Product Type 2022 to 2029
Table 26: China Market Size (US$ Million) and Volume (Tons) Forecast by Application 2022 to 2029
Table 27: India Market Size (US$ Million) and Volume (Tons) Forecast by Product Type 2022 to 2029
Table 28: India Market Size (US$ Million) and Volume (Tons) Forecast by Application 2022 to 2029
Table 29: Brazil Market Size (US$ Million) and Volume (Tons) Forecast by Product Type 2022 to 2029
Table 30: Brazil Market Size (US$ Million) and Volume (Tons) Forecast by Application 2022 to 2029
Figure 01: Global Market Size (US$ Million) and Volume (Tons) Analysis, 2014 to 2021
Figure 02: Global Market Size (US$ Million) and Volume (Tons) Analysis, 2022 to 2029
Figure 03: Global Market Value Share and BPS Analysis by Product Type – 2022 & 2029
Figure 04: Global Market Value Y-o-Y (%) Growth Projections by Product Type, 2021 to 2029
Figure 05: Global Market Attractiveness Analysis by Product Type, 2022 to 2029
Figure 06: Global Market Absolute $ Opportunity by Thiozoles Segment, 2021 to 2029
Figure 07: Global Market Absolute $ Opportunity by Sulfanamides Segment, 2021 to 2029
Figure 08: Global Market Absolute $ Opportunity by Dithiocarbamates Segment, 2021 to 2029
Figure 09: Global Market Absolute $ Opportunity Thiuram Segment, 2021 to 2029
Figure 10: Global Market Absolute $ Opportunity by Others Segment, 2021 to 2029
Figure 11: Global Market Value Share and BPS Analysis by Application – 2022 & 2029
Figure 12: Global Market Value Y-o-Y (%) Growth Projections by Application, 2021 to 2029
Figure 13: Global Market Attractiveness Analysis by Application, 2022 to 2029
Figure 14: Global Market Absolute $ Opportunity by Automotive Segment, 2021 to 2029
Figure 15: Global Market Absolute $ Opportunity by Industrial Segment, 2021 to 2029
Figure 16: Global Market Absolute $ Opportunity by Medical Segment, 2021 to 2029
Figure 17: Global Market Absolute $ Opportunity by Consumer Goods Segment, 2021 to 2029
Figure 18: Global Market Value Share and BPS Analysis by Region – 2022 & 2029
Figure 19: Global Market Value Y-o-Y (%) Growth Projections by Region, 2022 to 2029
Figure 20: Global Market Attractiveness Analysis by Region, 2022 to 2029
Figure 21: North America Market Absolute $ Opportunity, 2021 to 2029
Figure 22: Europe Market Absolute $ Opportunity, 2021 to 2029
Figure 23: Middle East & Africa Market Absolute $ Opportunity, 2021 to 2029
Figure 24: East Asia Market Absolute $ Opportunity, 2021 to 2029
Figure 25: South Asia Market Absolute $ Opportunity, 2021 to 2029
Figure 26: Oceania Market Absolute $ Opportunity, 2021 to 2029
Figure 27: Latin America Market Absolute $ Opportunity, 2021 to 2029
Figure 28: North America Market Value Share and BPS Analysis by Country – 2022 & 2029
Figure 29: North America Market Value Y-o-Y (%) Growth Projections by Country, 2022 to 2029
Figure 30: North America Market Attractiveness Analysis by Country, 2022 to 2029
Figure 31: USA Market Absolute $ Opportunity, 2022 to 2029
Figure 32: Canada Market Absolute $ Opportunity, 2022 to 2029
Figure 33: North America Market Value Share and BPS Analysis by Product Type – 2022 & 2029
Figure 34: North America Market Value Y-o-Y (%) Growth Projections by Product Type, 2021 to 2029
Figure 35: North America Market Attractiveness Analysis by Product Type, 2022 to 2029
Figure 36: North America Market Value Share and BPS Analysis by Application – 2022 & 2029
Figure 37: North America Market Value Y-o-Y (%) Growth Projections by Application, 2021 to 2029
Figure 38: North America Market Attractiveness Analysis by Application, 2022 to 2029
Figure 39: Latin America Market Value Share and BPS Analysis by Country – 2022 & 2029
Figure 40: Latin America Market Value Y-o-Y (%) Growth Projections by Country, 2022 to 2029
Figure 41: Latin America Market Attractiveness Analysis by Country, 2022 to 2029
Figure 42: Brazil Market Absolute $ Opportunity, 2022 to 2029
Figure 43: Mexico Market Absolute $ Opportunity, 2022 to 2029
Figure 44: Rest of LA Market Absolute $ Opportunity, 2022 to 2029
Figure 45: Latin America Market Value Share and BPS Analysis by Product Type – 2022 & 2029
Figure 46: Latin America Market Value Y-o-Y (%) Growth Projections by Product Type, 2021 to 2029
Figure 47: Latin America Market Attractiveness Analysis by Product Type, 2022 to 2029
Figure 48: Latin America Market Value Share and BPS Analysis by Application – 2022 & 2029
Figure 49: Latin America Market Value Y-o-Y (%) Growth Projections by Application, 2021 to 2029
Figure 50: Latin America Market Attractiveness Analysis by Application, 2022 to 2029
Figure 51: Europe Market Value Share and BPS Analysis by Country – 2022 & 2029
Figure 52: Europe Market Value Y-o-Y (%) Growth Projections by Country, 2022 to 2029
Figure 53: Europe Market Attractiveness Analysis by Country, 2022 to 2029
Figure 54: Germany Market Absolute $ Opportunity, 2022 to 2029
Figure 55: France Market Absolute $ Opportunity, 2022 to 2029
Figure 56: United Kingdom Market Absolute $ Opportunity, 2022 to 2029
Figure 57: Spain Market Absolute $ Opportunity, 2022 to 2029
Figure 58: Italy Market Absolute $ Opportunity, 2022 to 2029
Figure 59: Russia Market Absolute $ Opportunity, 2022 to 2029
Figure 60: BENELUX Market Absolute $ Opportunity, 2022 to 2029
Figure 61: Rest of Europe Market Absolute $ Opportunity, 2022 to 2029
Figure 62: Europe Market Value Share and BPS Analysis by Product Type – 2022 & 2029
Figure 63: Europe Market Value Y-o-Y (%) Growth Projections by Product Type, 2021 to 2029
Figure 64: Europe Market Attractiveness Analysis by Product Type, 2022 to 2029
Figure 65: Europe Market Value Share and BPS Analysis by Application – 2022 & 2029
Figure 66: Europe Market Value Y-o-Y (%) Growth Projections by Application, 2021 to 2029
Figure 67: Europe Market Attractiveness Analysis by Application, 2022 to 2029
Figure 68: South Asia Market Value Share and BPS Analysis by Country – 2022 & 2029
Figure 69: South Asia Market Value Y-o-Y (%) Growth Projections by Country, 2022 to 2029
Figure 70: South Asia Market Attractiveness Analysis by Country, 2022 to 2029
Figure 71: India Market Absolute $ Opportunity, 2022 to 2029
Figure 72: ASEAN Market Absolute $ Opportunity, 2022 to 2029
Figure 73: Rest of South Asia Market Absolute $ Opportunity, 2022 to 2029
Figure 74: South Asia Market Value Share and BPS Analysis by Product Type – 2022 & 2029
Figure 75: South Asia Market Value Y-o-Y (%) Growth Projections by Product Type, 2021 to 2029
Figure 76: South Asia Market Attractiveness Analysis by Product Type, 2022 to 2029
Figure 77: South Asia Market Value Share and BPS Analysis by Application – 2022 & 2029
Figure 78: South Asia Market Value Y-o-Y (%) Growth Projections by Application, 2021 to 2029
Figure 79: South Asia Market Attractiveness Analysis by Application, 2022 to 2029
Figure 80: East Asia Market Value Share and BPS Analysis by Country – 2022 & 2029
Figure 81: East Asia Market Value Y-o-Y (%) Growth Projections by Country, 2022 to 2029
Figure 82: East Asia Market Attractiveness Analysis by Country, 2022 to 2029
Figure 83: China Market Absolute $ Opportunity, 2022 to 2029
Figure 84: Japan Market Absolute $ Opportunity, 2022 to 2029
Figure 85: South Korea Market Absolute $ Opportunity, 2022 to 2029
Figure 86: East Asia Market Value Share and BPS Analysis by Product Type – 2022 & 2029
Figure 87: East Asia Market Value Y-o-Y (%) Growth Projections by Product Type, 2021 to 2029
Figure 88: East Asia Market Attractiveness Analysis by Product Type, 2022 to 2029
Figure 89: East Asia Market Value Share and BPS Analysis by Application – 2022 & 2029
Figure 90: East Asia Market Value Y-o-Y (%) Growth Projections by Application, 2021 to 2029
Figure 91: East Asia Market Attractiveness Analysis by Application, 2022 to 2029
Figure 92: Oceania Market Value Share and BPS Analysis by Country – 2022 & 2029
Figure 93: Oceania Market Value Y-o-Y (%) Growth Projections by Country, 2022 to 2029
Figure 94: Oceania Market Attractiveness Analysis by Country, 2022 to 2029
Figure 95: Australia Market Absolute $ Opportunity, 2022 to 2029
Figure 96: New Zealand Market Absolute $ Opportunity, 2022 to 2029
Figure 97: Oceania Market Value Share and BPS Analysis by Product Type – 2022 & 2029
Figure 98: Oceania Market Value Y-o-Y (%) Growth Projections by Product Type, 2021 to 2029
Figure 99: Oceania Market Attractiveness Analysis by Product Type, 2022 to 2029
Figure 100: Oceania Market Value Share and BPS Analysis by Application – 2022 & 2029
Figure 101: Oceania Market Value Y-o-Y (%) Growth Projections by Application, 2021 to 2029
Figure 102: Oceania Market Attractiveness Analysis by Application, 2022 to 2029
Figure 103: Middle East & Africa Market Value Share and BPS Analysis by Country – 2022 & 2029
Figure 104: Middle East & Africa Market Value Y-o-Y (%) Growth Projections by Country, 2022 to 2029
Figure 105: Middle East & Africa Market Attractiveness Analysis by Country, 2022 to 2029
Figure 106: GCC Countries Market Absolute $ Opportunity, 2022 to 2029
Figure 107: South Africa Market Absolute $ Opportunity, 2022 to 2029
Figure 108: Turkey Market Absolute $ Opportunity, 2022 to 2029
Figure 109: Rest of Middle East & Africa Market Absolute $ Opportunity, 2022 to 2029
Figure 110: Middle East & Africa Market Value Share and BPS Analysis by Product Type – 2022 & 2029
Figure 111: Middle East & Africa Market Value Y-o-Y (%) Growth Projections by Product Type, 2021 to 2029
Figure 112: Middle East & Africa Market Attractiveness Analysis by Product Type, 2022 to 2029
Figure 113: Middle East & Africa Market Value Share and BPS Analysis by Application – 2022 & 2029
Figure 114: Middle East & Africa Market Value Y-o-Y (%) Growth Projections by Application, 2021 to 2029
Figure 115: Middle East & Africa Market Attractiveness Analysis by Application, 2022 to 2029
Figure 116: China Market Value Share and BPS Analysis by Product Type – 2022 & 2029
Figure 117: China Market Value Y-o-Y (%) Growth Projections by Product Type, 2021 to 2029
Figure 118: China Market Attractiveness Analysis by Product Type, 2022 to 2029
Figure 119: China Market Value Share and BPS Analysis by Application – 2022 & 2029
Figure 120: China Market Value Y-o-Y (%) Growth Projections by Application, 2021 to 2029
Figure 121: China Market Attractiveness Analysis by Application, 2022 to 2029
Figure 122: India Market Value Share and BPS Analysis by Product Type – 2022 & 2029
Figure 123: India Market Value Y-o-Y (%) Growth Projections by Product Type, 2021 to 2029
Figure 124: India Market Attractiveness Analysis by Product Type, 2022 to 2029
Figure 125: India Market Value Share and BPS Analysis by Application – 2022 & 2029
Figure 126: India Market Value Y-o-Y (%) Growth Projections by Application, 2021 to 2029
Figure 127: India Market Attractiveness Analysis by Application, 2022 to 2029
Figure 128: Brazil Market Value Share and BPS Analysis by Product Type – 2022 & 2029
Figure 129: Brazil Market Value Y-o-Y (%) Growth Projections by Product Type, 2021 to 2029
Figure 130: Brazil Market Attractiveness Analysis by Product Type, 2022 to 2029
Figure 131: Brazil Market Value Share and BPS Analysis by Application – 2022 & 2029
Figure 132: Brazil Market Value Y-o-Y (%) Growth Projections by Application, 2021 to 2029
Figure 133: Brazil Market Attractiveness Analysis by Application, 2022 to 2029
The Vulcanization Accelerators market is expected to total USD 1,708.1 Million in 2022.
The Vulcanization Accelerators market has been estimated to exhibit a growth rate of 4.3% between 2022 and 2029 on a value basis.
The automotive segment is expected to contribute a major growth share to the overall market in 2022.
Lanxess AG, NOCIL LIMITED, Sumitomo Chemical Co., Ltd., Arkema, Eastman Chemical Corporation, KUMHO PETROCHEMICAL, Emerald Performance Materials, King Industries, Inc., Duslo, a.s, Jing Xian Yuelong Metal Rubber Products Co., Ltd., Willing New Materials Technology Co., Ltd., are the leading market players.
The demand in China is expected to increase by 6.0 % CAGR between 2022 and 2029 on a value basis.
Vulcanization Accelerators Market
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