n 2021, the global market value of rubber additives will reach US $5.16 billion. Looking ahead, the market value is expected to reach US $6.7 billion in 2027, with a CAGR of 4.30% from 2022 to 2027. Considering the uncertainty of COVID-19, we are continuously tracking and assessing the direct and indirect impact of the pandemic. These insights are included in the report as major market contributors.

Rubber additives are components that are added to natural and synthetic latex to obtain ideal properties. They include tackifiers, process aids, lubricants, protective agents, stabilizers, lotion, surfactants, polymers, curing agents, curing agents, antioxidants, cross-linking agents, flame retardants, chain transfer agents and modifiers with controlled molecular weight.

They also include plasticizers that improve flexibility, fillers that enhance durability and performance, and plasticizers that provide fluidity and reduce compound viscosity. Today, manufacturers are providing a series of innovative rubber additives, such as dispersants, according to the specific requirements of end users to eliminate cross contamination of dry pigments, enhance color consistency and improve product quality.

With the wide application of rubber additives in tire production, the growth of automobile sales is one of the key factors to promote market growth. In addition, rubber is used in the construction of residential and commercial buildings due to its heat resistance, mechanical stress and vibration resistance. This, combined with the increasing expenditure of consumers on real estate, provides a positive prospect for the market.

In addition, due to the increasing use of intelligent irrigation practices, the use of rubber additives in the agricultural industry is also increasing, which is used to manufacture hoses to help optimize water distribution throughout the farmland. In addition, rubber additives are used in transmission and distribution networks to prevent the dangerous effects of electricity.

In addition, the increasing investment of regulatory agencies in many countries in renovating aging grid technologies and establishing sustainable power networks in remote areas is driving market growth. In line with this, market participants are providing special additives that can significantly improve the durability, efficiency and performance of rubber compounds, which is expected to drive the market.