Global Demand For Rubber Vulcanization Is Forecasted To Reach A Market Valuation Of US$ 4.2 Billion By 2033

The global rubber vulcanization market stands at US$ 2.5 billion in 2023. Global demand for rubber vulcanization is forecasted to reach a market valuation of US$ 4.2 billion by the end of 2033, increasing at a CAGR of 5.3% from 2023 to 2033. Asia Pacific account for a little over 60% share of the global market in 2022.

A key factor boosting the demand for rubber vulcanization is the growing requirement for rubber-based products in the medical and healthcare industry. Increasing preference for rubber products compared to plastic and fiber products is also estimated to help the market to grow. Aerospace and automotive industries are prominent industries using vulcanized rubber. Expansion of the oil & gas industry is also predicted to create opportunities for market players.

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Market Players: -

• Arkema SA
• LANXESS
• BASF SE
• Eastman Chemical Company
• Willing New Materials Technology Co. Ltd.
• Sumitomo Chemical Co. Ltd.
• King Industries Inc.
• Kumho Petrochemical

Competitive Landscape

Key suppliers of vulcanized rubber are investing huge amounts of money in R&D activities. They are concentrating on strengthening their supply chain management systems and offering quality products to customers. Manufacturers of vulcanized rubber are putting efforts to follow guidelines set by governing bodies to cause minimal environmental impacts during the vulcanization process.

New developments and product launches are some prominent strategies adopted by industry players to expand their footprints across the globe over the coming 10 years.

For instance,

• In March 2022, Shin-Etsu Chemical came up with a unique one-component liquid silicone rubber product, which is better and safer for the vulcanization process.

Key companies in the rubber vulcanization market include Arkema SA, LANXESS, BASF SE, Eastman Chemical Company, Willing New Materials Technology Co. Ltd., Sumitomo Chemical Co. Ltd., King Industries Inc., and Kumho Petrochemical.

Segmentation of Rubber Vulcanization Industry Research

• By Type :

  • Vulcanizing Agents

  • Accelerators

  • Activators

• By Technique :

  • Sulfur Vulcanization

  • Other Curing Techniques

• By Application :

  • Industrial

  • Consumer Goods

  • Automotive & Transportation

  • Healthcare

  • Others

Regional analysis includes

• North America (U.S., Canada)

• Latin America (Brazil, Mexico, Argentina, Chile, Peru, Rest of LATAM)

• EU – (Germany, France, Italy, Spain), UK, BENELUX (Belgium, Netherlands, Luxemburg), NORDIC (Norway, Denmark, Iceland, Sweden), Eastern Europe (Poland, Ukraine, Czech Rep. etc.), Rest of Europe

• CIS & Russia

• Japan

• Asia Pacific Excluding Japan (Greater China, India, S. Korea, ASEAN Countries, Rest of APEJ)

How Fact.MR Assists in Making Strategic Moves?

The data provided in the Rubber Vulcanization Market report offers comprehensive analysis of important industry trends. Industry players can use this data to strategize their potential business moves and gain remarkable revenues in the upcoming period.

The report covers the price trend analysis and value chain analysis along with analysis of diverse offering by market players. The main motive of this report is to assist enterprises to make data-driven decisions and strategize their business moves.

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