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Jan. 13, 2021, 5:50 a.m. EST

Rubber Vulcanization Market reach a valuation of USD 11,219.7 Million with CAGR 4.94% forecast till 2025

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Jan 13, 2021 (Heraldkeepers) -- Market Overview:

The continuously flourishing the automotive industry is likely to offer the most lucrative opportunities for growth in the coming years. Additionally, the aerospace industry is adopting the natural rubber-based tires, which is augmenting demand for rubber vulcanization. Swiftly changing the aerospace industry is fueling the growth of the global rubber vulcanization market. Furthermore, natural rubber is extensively used in the production of aircraft tires for its better quotient of heat resistance.

The vulcanization process modifies the properties of the rubber and adds elasticity and strength by forming a crosslink between the long chain of molecules. These properties make the material suitable for several end-use industries. Thus, the market for rubber vulcanization is likely to witness robust growth in the coming years. Rubber Vulcanization Market Analysis is anticipated to reach a valuation of USD 11,219.7 million by 2025 by exhibiting a growth rate of 4.94% over the estimated timeframe from 2018 to 2025. This growth is primarily attributable to the high demand for rubber from pharmaceutical, automotive, and consumer goods industries.

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Market Scenario and Growth Factors:

Additionally, thriving construction and infrastructural development globally and especially across emerging countries is propelling growth of the global rubber vulcanization market. Growing demand for the products including natural rubbers in gloves, rollers, injection parts, tubes, mammary prostheses, and the pacemaker is positively impacting the growth of the market. Further, the demand for the seals & gaskets, pipe, O-rings, tubing, hose, washers, grommets, sleeves and rubber bladders, connectors, couplings, and fittings in the oil & gas industry is propelling growth of the market.

Competitive Analysis:

The Key Players Operating In the Global Rubber Vulcanization Market:

  • LANXESS,

  • Arkema SA,

  • BASF SE,

  • Eastman Chemical Company,

  • Sumitomo Chemical Co., Ltd.,

  • Kumho Petrochemical,

  • Duslo, a.s.,

  • Willing New Materials Technology Co., Ltd,

  • Shandong Stair Chemical & Technology Co., Ltd,

  • King Industries, Inc.

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