Treated Distillate Aromatic Extracts Market Driven by Industry Analysis, Growth,Posted by Priya on April 18th, 2018 Treated distillate aromatic extracts (TDAE) is a rubber processing oil with high aromatic content. It is used rubber softening additive in the process of vulcanization of rubber. Its high viscosity-gravity constant has made it highly preferable in the tire manufacturing applications, thereby, reducing heat buildup. Due to this characteristic of treated distillate aromatic extracts, it is possible to produce large rubber based intermediate products. Get Sample copy at https://www.marketresearchfuture.com/sample_request/4962 Key Findings
Intended Audience
The global TDAE market has been experiencing moderate growth in terms of consumption over the past few years. The market is heading towards growth expansion and it is expected to grow progressively in the coming years. Demand for TDAE is largely belongs to the growth of the transportation industry. It is primarily used in the production of the tire, which is highly required in the transportation industry. As per the industry experts, transportation industry is poised to grow beyond USD 1.3 trillion by 2020, expanding at dynamic CAGR of over 8%, and likely to set enhanced consumption of TDAE. Rubber products are being increasingly used in a broad spectrum of application in the industries ranging from the agriculture to textile with emergence of FMCG sector as a game changer. Widening application scope of TDAE is providing enhanced growth prospects year by year to this market. On the split side, TDAE contains high polymeric hydrocarbon content which us highly hazardous to the environment. Due to which European Union have regulated strict regulation on the consumption of TDAE and regulations are further followed by non-European countries by restraining the global demand for TDAE. Key Players. Some of the key players operating in the global Treated Distillate Aromatic Extracts 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 Access complete report at https://www.marketresearchfuture.com/reports/treated-distillate-aromatic-extracts-tdae-market-4962 Treated distillate aromatic extract (TDAE), used as rubber softening additive in rubber processing, and rubber has diverse application across the industrial manufacturing. Increasing industrial output as a result of rising industrial manufacturing is set to uplift the consumption of TDAE and is likely to provide tremendous growth opportunities. As per the MRFR analysis, the global treated distillate aromatic extracts market was valued at USD 796.5 million in 2016 and is projected to reach USD 1,027.7 million by 2023 growing at progressive CAGR of 3.71% over the review period of 2017-2023 Regional Analysis North America is another growth attractive Treated Distillate Aromatic Extracts market and has accounted for one-fifth of the global share. After a slight slump, demand for industrial rubber products has been recovering in the U.S. Adoption of consumer as well as commercial vehicles is on the rise and is anticipated to drive the TDAE consumption in the tire manufacturing in this country. It has generated largest revenue at a moderate CAGR of 3.21% as of 2016. Europe was considered as the largest consumer earlier, although, stringent government regulation have restricted the use of TDAE and have made this region to occupy least numbers of global share. Ban on the consumption of TDAE by European Union have brought drastic changes (i.e negative) in the consumption trend. Germany was the leading market in this region and has acquired highest share in Europe and has generated largest revenue among all countries. Segmentation The Treated Distillate Aromatic Extracts market is fragmented on the basis of application, and region. Market segmentation based on the application includes tires & tubes, belting & houses, battery containers, extruded products, & others. On the basis of the region, the global market has been spanned across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa Like it? Share it! More by this author |