Since the New Year, the comprehensive recovery trend of the tire industry has become increasingly clear, which has also led to a continuous increase in financing efforts for industry chain related enterprises. In the long run, the tire industry, especially the upstream raw material chain, is still greatly affected by two major factors: environmental protection and energy conservation, which also determines that the direction of industrial development cannot be separated from the core keyword of green environmental protection. Especially in the rubber additive industry, its market value in the tire industry chain is continuously increasing.
Chemicals or other substances added to rubber polymers during processing and manufacturing are called rubber additives. In order to improve the structure, mechanical properties, comprehensive properties, and quality of the basic rubber polymer, rubber additives have been added. The most common types of rubber additives are vulcanization accelerators and inhibitors, chemical foaming agents, processing aids, adhesion accelerators, ozone resistant agents, and fillers. In order to increase the adhesion of rubber to metal, tackifiers are also used in tire production.
China occupies a leading position in the global rubber additive industry
Rubber additives are products added during the processing of raw rubber, which can provide rubber products with high strength, high elasticity, wear resistance, temperature resistance, and other characteristics. Currently, the rubber additives circulating in the market mainly include five categories: vulcanization additives, protective additives, processing additives, adhesive additives, and special functional additives, with hundreds of varieties. According to data from the China Rubber Industry Association, over 90% of rubber additives are used in the automotive industry, with nearly 70% of products linked to tires.
At present, the rubber additive industry chain in China has become very mature, with more and more production enterprises, continuous innovation in output, continuous breakthroughs in core technologies, and continuous rise in global competitiveness.
The automotive industry provides a steadily growing market for rubber additives
In the past two years, China has introduced multiple industrial policies to promote the healthy development of the rubber additive industry. In the context of "dual carbon", new environmentally friendly rubber additives, processing additives, and composite rubber additives have been listed as priority high-tech industries for development by the country.
Data shows that the greening rate of rubber additive products in China has gradually reached 92%, and continuous technological innovation and clean production processes have effectively solved the pollution and energy consumption problems of the industry.
From the perspective of market supply and demand, the automotive industry, as the largest downstream application field of rubber additives, has also created a market with stable growth in scale for the industry. Especially for tires and automotive rubber products, their combined share in the downstream demand market for rubber additives exceeds 90%.
With the continuous expansion of the global market gap, the export demand for rubber additives may experience greater growth. Industry experts assess that in the next few years, China's rubber additive market demand is expected to have a compound annual growth rate of 10% -15%, becoming the region with the fastest global demand growth rate.