Metallurgy / Chemicals / Rubber & Plastics

According to the Global Rubber Processing Chemicals Report recently released by S&P Global, geopolitical conflicts, continued disruption of the global supply chain, and the uncertainty caused by possible economic recession in many global economies may hinder the further recovery of the rubber processing chemicals market in 2022. In 2021, the global market consumption of rubber processing chemicals will be 1.5 million tons, with a market value of 6.2 billion dollars. Huacheng Import and Export Data Observation Report.

In 2021, China will be the world's largest consumer of rubber processing chemicals, accounting for nearly half of the global consumption. It is estimated that China will remain the world's largest consumer of rubber processing chemicals during the 2022~2027 report forecast period, according to the observation report of Huacheng import and export data. However, China's rubber processing chemicals market has entered a relatively slow stage of development. Because the Chinese government and industry are paying more and more attention to sustainable development and environmental issues, domestic policies have affected rubber processing chemicals, rubber industry, and downstream automobile, tire and other rubber products industries. Huacheng Import and Export Data Observation Report.

The report points out that by the end of 2022, the North American rubber processing chemicals market is expected to recover to the level of 2018~2019. However, the further recovery of the North American rubber processing chemicals market will be limited because the U.S. economy may fall into recession in 2023. In 2022, the consumption of rubber processing chemicals in Western Europe may continue to grow, but the demand in Central and Eastern Europe is expected to decline. Huacheng's import and export data observation report.

Rubber processing chemicals are necessary additives for rubber production and consumption, as well as additives for the production of rubber products for special purposes. Rubber processing chemicals can improve the heat resistance, oxidation resistance, sun resistance, ozone resistance and mechanical stress resistance of rubber, and include a variety of product types, such as accelerators, activators, vulcanizers, anti-aging agents and stabilizers. The tire and automobile industry is the pillar of the rubber and rubber processing chemicals industry. Huacheng Import and Export Data Observation Report.