The World Market of Rubber Chemicals Continued to Increase Steadily by 2020
International marketing consulting agency, released a report forecasting day ago, rubber processing aid market value in 2020 is expected to reach $4 billion 800 million in 2016 -2020 years, compound annual growth rate of 5.4%.
It is understood that the rubber processing additives market mainly benefited from the growth in demand driven car. Rubber processing aids are used to improve the properties of rubber, giving rubber more excellent quality, making it suitable for tire manufacturing.
The report noted that the Asia Pacific region is the fastest growing market for rubber processing aids. Growth in the region is mainly driven by growth in demand and an increase in exports of rubber products to Western markets. The region's economic development has led to continued growth in the demand for vehicles, which has also led to the development of rubber processing aids Market.