Widening application spectrum of rubber products, to enhance growth prospects to treated Distillate Aromatic Extracts Market

Pune, India, April 11, 2018 /press release/- Market Research Future Published a Cooked Research Report on Global Treated Distillate Aromatic Extracts Market Research Report.

Market Research Future (MRFR) recognizes the following companies as the key players in the global Industrial Insulations Some of the key players operating in the global Industrial Insulation market are Lanxess (Germany), Royal Dutch Shell Plc (Netherlands), CPC Corporation (Taiwan), Total S.A. (France), Eni s.p.a. (Italy), Gazpromneft-Lubricant Ltd, (Russia), H&R Group (Germany), Nynas (Sweden), Eagal Petrochrm (Iran), ATDM (Iran) and others

Market Highlights:

Commenting on this report, an analyst from Market Research Future (MRFR)’s team said, “global treated distillate aromatic extracts market was valued at USD 796.5 million in 2016 and is predicted to grow at CAGR of 3.71% to reach USD 1,027.7 million by the end of 2027. Rubber production is the primary application area of TDAE. Therefore, transportation industry has been providing consistent growth to this market. Earlier, Europe was the largest consumer in this market. However, strict regulations by the EU have brought drastic changes and the region has lost its market leadership. As of 2017, Asia Pacific emerged as the global leader due to flourishing automotive demand driven by economic advancements.

Segment Analysis

The global Treated Distillate Aromatic Extract market is segmented into application, and region. On the basis of application, the market is bifurcated into tires & tubes, belting & houses, battery containers, extruded products, & others type. As tire manufacturing is the primary application area of treated distillate aromatic extract, tires and tubes constituted the major application segment as of 2016. It accounted for 68% of the global share at the highest CAGR of 3.81%. Over the past seven years, automotive industry was on the rise with over 5% of growth rate. The industry has been consistently driving automotive production in key country level markets such as China, U.S., India, Germany, and U.K., by supporting demand for tires. As per industry experts, China was the major tire producer and consumer and is also a key market for treated distillate aromatic extract with the largest revenue in 2016.

Furthermore, belting and houses is the second largest application segment after tires and tubes and is acquired 10% of the global share with a steady CAGR of 2.99%. Conveyor belts are largely used in industrial manufacturing and packaging. Specifically, middle scale manufacturing enterprises majorly rely on conveyer belts, due to which its demand is increasing every year. Moreover, initiatives by the regional governments to support industrialization has also encouraged the demand of conveyooor belts. Rubber is also consistently used as battery container in both, passenger and commercial vehicles. Therefore, the rising automotive production is also encouraging the treated distillate aromatic extract demand as battery container.  As per our analysis, automotive industry is heading towards maturity phase in its life cycle, therefore, demand for battery container is to witness steady growth over the forecast period of 2017-2023.

Regional Analysis

The global Industrial Insulations market is spanned across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Asia Pacific was the most promising treated distillate aromatic extracts market across the global both in terms of value and volume as of 2016. The region has acquired the largest market share of 45%, followed by North America and Europe. Expansion of automotive industry in Asia Pacific, booming FMCG & retail industry growth in India, and widening application scope of the rubber products are basic factors supporting the growth of the treated distillate aromatic extract in this region. As per our analysis,, the region is more likely to progress in terms of the global share due to strengthening industrialization and the heavy investment in the construction projects. 

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape analysis of key vendors.

This research report provides the insights, on various levels of analyses such industry analysis, market share analysis leading market players and their profiles. This report also helps in studying the target segments by providing views on emerging & high-growth segments and market conclusion. Together the market data comprise and discuss with the basic assessments on the competitive scenarios & strategies, of the Global Industrial Insulations, including the high-growth regions and their political, economic and technological environments. Furthermore, the project report also provides the views over the historical market values as well as, pricing and cost analysis of the same.

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