Fact-based market research, penetrating industry insights and validated forecasts to help you make better decisions for a stronger futureResearch Report on Europe Chlorinated Rubber Market Size and Forecast, By Product (Low Viscosity, Medium Viscosity, High Viscosity), By Application (Adhesive, Traffic Paint, Marine Paint), And Trend Analysis, 2013 – 2025
18 February 2019, Europe Chlorinated Rubber Market size is projected to reach USD 5.41 billion by 2025. Chlorinated rubber offers effective film forming properties and chemical inertness in coatings, adhesives, and marine paints. This factor is expected to fuel market growth over the forecast period. In addition, application in traffic paints for edge line, highway road, center line, zebra crossing markings, and car park structures is expected to provide growth opportunity over the projected period. Growing demand for anti-corrosive paints from automotive, construction, and marine sectors is expected to have a positive impact on market growth.
Chlorinated rubber also enhances bonding effects of polychloroprene rubber and nitrile-based rubber adhesives. It is capable of providing heavy-duty corrosion protection in applications including sea walls, port structures, and dam gates. Over the past few years, European chlorinated rubber manufacturers have been procuring raw material, natural rubber, from various countries in Asia Pacific region. Growing product applications, particularly in traffic paints, in western European countries is also expected to provide lucrative opportunities to the manufacturers from Asia Pacific. In 2016, Europe accounted for nearly 30% of the global paints and coatings industry.
Traffic paints application accounted for more than one-fourth of the chlorinated rubber market in 2017. High investment in infrastructure development in Europe is also expected to add to demand for chlorinated rubber, especially in paints and adhesives. Growing adoption in protective and antifouling coatings in oil rigs and ships is also expected to scale up the demand. Increasing penetration of Exploration and Production (E&P) platforms including Enhanced Oil Recovery (EOR) activities in Norway, Russia, and U.K. is expected to promote product application in marine coatings. Since it provides heavy-duty corrosion protection, the product is considered as an ideal material for marine paints. This factor is also likely to augment market growth.
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In Europe, Germany accounted for over one-fourth of overall market in 2017. Concentration of paints and coatings manufacturers in Germany due to easy access to resin and availability of equipment and other consumables are expected to be favorable factor for market. Moreover, advent of eco-friendly manufacturing methods due to awareness regarding limiting the consumption of synthetic chemicals would further drive the market. For instance, Shandong Tianchen Chemical uses eco-friendly, aqueous phase suspension method to produce chlorinated rubber resin.
Europe chlorinated rubber market is fragmented in nature and is marked by the presence of multiple raw material suppliers. Some of the key manufacturers include Covestro, Shandong Tianchen Chemical Co. Ltd., Rishiroop Group, Bech Chem, LLC, Xiangshui Ruize Chemical Co. Ltd., and Fenghua Yuron. Product innovation is one of the key focus areas of these manufacturers. For instance, Covestro launched Pergut, which is used in highly durable coatings and is water- and microbes-resistant.
Hexa Research has segmented the Europe chlorinated rubber market report based on product and application:
Segmentation by Product
• Low Viscosity
• Medium Viscosity
• High Viscosity
Segmentation by Application
• Adhesive
• Traffic Paint
• Marine Paint
Key players analyzed:
• Covestro
• Shandong Tianchen Chemical
• Rishiroop Group
• Bech Chem, LLC
• Xiangshui Ruize Chemical Co. Ltd.
• Fenghua Yuron
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