Rubber additives are important auxiliary raw materials for the rubber industry, and play a very important role in optimizing the structure of rubber products, improving rubber processing technology, saving energy, etc. Rubber accelerator is an important part of it. From the industry chain point of view, the upstream of rubber accelerator industry is mainly suppliers of raw materials such as aniline, carbon disulfide, sulfur, liquid alkali, chlorine, etc.; the midstream is mainly manufacturers of thiazoles, hyposulfonamides, thiurams, thioformates, guanidines, and other accelerators; and in the downstream, rubber accelerators have a wide range of applications, which are mainly used in the manufacture of automobile tires, wires and cables, adhesive tapes, rubber hoses, rubber shoes, as well as other rubber products. rubber products.
In recent years, with the continuous progress of urbanization in various countries and the rapid development of the automotive industry, the global rubber accelerators market has shown a good development trend. Specifically, during the period of 2020-2022, the global rubber accelerator market size increased year by year, reaching 17.41 billion yuan in 2022; and it is expected that in the next five years, this value will maintain a CAGR of close to 2.5%, and is expected to break through to more than 20 billion yuan in 2027. From the regional development situation, China as the representative of the Asia-Pacific region, the United States as the representative of the North American region, Germany as the representative of the European region, is the global rubber accelerator industry's main revenue market.
Among them, the United States is the world's largest economy, but also the world's important rubber accelerator consumption and supply market. On the demand side, the U.S. market showed obvious signs of economic recovery in the late stage of the epidemic, and according to data released by the BEA, the total domestic GDP reached $25.47 trillion in 2022, a year-on-year growth of 2.2%. In addition, the U.S. is the world's leading automotive market, according to data released by the U.S. automakers report, in 2022, due to the impact of the shortage of computer chips and other parts, the U.S. car sales reached 13.9 million units, a year-on-year decline of 8%; however, it is expected that in 2023, along with the improvement of the supply of parts, this value is expected to exceed 14.8 million units. In this context, the U.S. market demand for automotive tires with the release of rubber accelerators and other rubber additives market development also exists a greater potential.
The U.S. rubber accelerator market started earlier, the production industry chain is complete, the local has a large-scale manufacturing enterprises, such as Fuleix, Kejua, mainly produces high-end rubber accelerators, but the low-end demand is still dependent on overseas imports. Among them, China is the main source of imports of U.S. rubber accelerators, according to China's General Administration of Customs statistics and published data show that in 2021, China's exports to the U.S. rubber accelerators amounted to 0.81 billion U.S. dollars, accounting for China's rubber accelerators exports (567 million U.S. dollars) of about 14.3%, higher than China's exports to Thailand (about 11.2%), India (about 7.9%) and other places in the same year, and so on. 7.9%) and other places in the same year.