Rubber Process Oils Market Growth 2019-2024 Published on: 10 April 2019
Rubber Process Oils Market Growth 2019-2024 MARKET OVERVIEW
The growth of the Rubber Process Oils market can be attributed to the increased consumption of rubber process oils in the manufacturing of tires. The growing number of automobiles across the globe has contributed to the increasing demand for tires, thereby leading to the growth of the rubber process oil market. The increase in the sales of automobiles in the Asia Pacific region has led to rising demand for tires, thereby leading to the growth of the Asia Pacific Rubber Process Oils market. Formulation and implementation of the European union directive banning the use of PCA (polycyclic aromatics) in tire manufacturing and increased use of soyabean oil as an alternative for rubber process oil in tire manufacturing are the key factors restricting the growth of the market.
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Rubber Process Oils Market Growth 2019-2024 MARKET BY REGION
United States
Europe
China
Japan
Other Regions
CAGR 4.1% (2018 – 2023) +91 8329744015 (Asia) | +1(646)-781-7170 (Int'l) | help@24chemicalresearch.com
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Rubber Process Oils Market Growth 2019-2024 MARKET BY APPLICATION
Tyres
Tubes
Rubber sheets
Others
CAGR 4.1% (2018– 2023) +91 8329744015 (Asia) | +1(646)-781-7170 (Int'l) | help@24chemicalresearch.com
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