New York, NY, July 23, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Rubber Process Oil Market By Type (Naphthenic, TDAE, Paraffinic, MES, DAE, and RAE & TRAE) and By Application (Rubber Processing, Adhesives & Sealants, Polymer, Consumer Products, Paints & Coatings, Pharmaceuticals, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2026”. According to the report, the global rubber process oil market was approximately USD 1.88 billion in 2018 and is expected to generate revenue of around USD 2.60 billion by 2026, at a CAGR of around 4.1% between 2019 and 2026.
Rubber process oil is used to manufacture and process multiple rubber compounds. Rubber process oil improves the diffusion of flow and fillers characteristics of compounds in further processing. Rubber process oil works as an internal lubricant and functions as a low-cost extender. It also improves the physical properties of vulcanization to reduce the end-product of rubber compounds. Rubber process oil is extracted from petroleum crude oil. The growing tire manufacturing industry across the globe and increasing demand for automotive tires are expected to drive the global rubber process oil market over the forecast time period. The demand for low-viscosity process oils for their use in various vehicles is also contributing to the global rubber process oil market. Moreover, the compatibility of rubber process oil with most of the elastomer types makes its usage spectrum broader. However, environmental concerns about non-biodegradable products usage may limit the rubber process oil market globally.
Browse through 38 Tables & 28 Figures spread over 110 Pages and in-depth TOC on “Global Rubber Process Oil Market: By Type, Size, Share, Industry Applications, Growth, Segments, Analysis and Forecast, 2018–2026”.
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The global rubber process oil market is fragmented based on type and application. Based on type, the rubber process oil market includes naphthenic, paraffinic, TDAE, MES, RAE and TRAE, and DAE. The naphthenic segment is expected to grow notably in the future, due to its high thermal stability and good compatibility with synthetic elastomers. Naphthenic process oils are non-staining and light-colored, which are used for manufacturing various products, such as rubber, plasticizers, inks, and sealants. The application segment of the global rubber process market comprises pharmaceuticals, paints and coatings, adhesives and sealants, rubber processing, consumer products, polymer, and others. Rubber process oil is an integral part of rubber processing. Rubber processing is essential in bringing crude rubber into a state that is suitable for shaping the final product.
The Asia Pacific region is expected to hold a major share of the global rubber process oil market over the forecast time period. The flourishing tire market in India and China has resulted in the high demand for rubber process oil and increasing regional sales of automobiles are propelling the rubber process oil market in the region.
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North America is expected to show substantial growth over the projected timeframe. The U.S. is the region’s primary naphthenic and paraffinic rubber process oil market. Naphthenic have properties like high thermal stability and good compatibility with synthetic elastomers. They are used in manufacturing various products like rubber, plasticizers, inks, and sealants. Due to its diverse applications, the growing regional use of naphthenic rubber process oil is expected to drive the North American rubber process oil market.
The European rubber process oil market is expected to show to witness average growth due to implementation of the European Union directive, i.e., banning polycyclic aromatics (PCAs) usage for manufacturing tires. This is hampering the rubber process oil market growth in Europe. Additionally, most of the European countries have shifted to using TDAE rubber process oil, due to its low PCA content.
Browse the full “Rubber Process Oil Market By Type (Naphthenic, TDAE, Paraffinic, MES, DAE, and RAE & TRAE) and By Application (Rubber Processing, Adhesives & Sealants, Polymer, Consumer Products, Paints & Coatings, Pharmaceuticals, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2026” Report at https://www.zionmarketresearch.com/report/rubber-process-oil-industry
Latin America is expected to witness moderate growth in the global rubber process oil market over the forecast timeframe, owing to the growing product demand from the Brazilian automotive sector. Brazil and Colombia are expected to be the major contributors in this region’s rubber process oil market.
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Some key players operating in the global rubber process oil market are Royal Dutch Shell, Chevron Corporation, Petronas Lubricants Belgium, Nynas, ORGKHIM Biochemical, Repsol, and Hindustan Petroleum.
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This report segments the global rubber process oil market into:
Global Rubber Process Oil Market: Type Analysis
- Naphthenic
- Treated Distillate Aromatic Extracted (TDAE)
- Paraffinic
- Mild Extracted Solvate (MES)
- Distillate Aromatic Extract (DAE)
- Residual Aromatic Extract (RAE) and Treated Residual Aromatic Extract (TRAE)
Global Rubber Process Oil Market: Application Analysis
- Rubber Processing
- Adhesives and Sealants
- Polymer
- Consumer Products
- Paints and Coatings
- Pharmaceuticals
- Others
Global Rubber Process Oil Market: Regional Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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