Global Rubber Process Oil market is contributing USD XXX billion and is supposed to grow to USD XXX billions during the forecast period. The growth rate is expected to be at a CAGR of XX% by the year end. The Rubber process oils is used for processing and manufacturing of multiple rubber compounds. Usage of rubber process oil improves the diffusion of fillers and flow characteristics of the compound during further processing.
Rapid growth in the demand and sales of automobiles is expected to boost the consumption of rubber process oils in the tire and cause subsequent growth in the rubber process oil market. Rubber process oil improves the physical properties of vulcanization to reduce the end product of rubber compounds. It’s compatibility with most types of elastomers has increased its usability. Strict environmental regulations set by various regulatory bodies are also contributing to the growth of rubber process oil market.
Request for free sample of this research report:
The growing research and development activities, growing demand for natural based products, growth in personal care industry, high output in polymer manufacturing and cost benefits of using process oil over conventional energy source are some factors that will ensure growth in the demand for rubber process oil industry over the next five years. The formulation and issuance of various norms encouraging manufacturing of environment friendly products is a reason that might work against the growth and progress of rubber process oil industry.
The rubber process oil market segmentation on the basis of types are Naphthenic, Aromatic, treated distillate aromatic extract, Paraffinic. Rubber process oil on the basis of applications is segmented as tire, footwear, wire and cables coverings and flooring materials. Asia-pacific (APAC) contributes the major share in rubber process oil industry, followed by North America, Europe, Middle East and Africa and South America. The US and China are the largest consumers of rubber process oil due to the large manufacturing and supply of automobile tires.
The Naphthenic type of rubber process oil is the major contributor in the market and is popular for its high thermal stability and good compatibility with synthetic elastomers. It is a light-colored and non-staining compound. The treated distillate aromatic extract (TDAE) is a non-carcinogenic rubber process oil and widely used due to its environment friendly features. The Aromatic process oil consists of 20-35% of paraffinic, 20-40% of naphthenic and 35-50% of aromatic. Non-carcinogenic process oils include of Residual Aromatic Extracted Solvent (RAE), Mild Extracted Solvent (MES), Treated Distillate Aromatic Extracted Solvent (TDAE), and Treated Residual Aromatic Extract (TRAE).
Key players in the rubber process oil market are Total S.A., Shell International B.V., Petro China Company Limited, Lukoil, Exxon Mobil Corporation and many more.
The various segments of Global Rubber Process Oil Market are,
• Treated distillate aromatic extract
• Wire and cables coverings
• Flooring materials
• North America
• Europe (Germany, France, UK and Italy)
• Asia Pacific (China, India, Japan, Australia)
• Latin America (Argentina, Brazil)
Visit for more information @ https://www.adroitmarketresearch.com
About Adroit Market Research:
Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.
Account Manager Global
3131 McKinney Ave Ste 600, Dallas,
Phone No.: USA: +1 (214) 884-6068 / +91 9665341414