Diphenylamine Rubber Antioxidant Market - Forecast(2023 - 2028)

Diphenylamine Rubber Antioxidant Market Overview

Diphenylamine Rubber Antioxidant Market size is forecast to reach US$95.3 million by 2027, after growing at a CAGR of 3.3% during 2022-2027. Diphenylamine is an amine-type antioxidant generally used in the elastomers. It is a staining and blooming type antioxidant that provides superior heat and flex-cracking resistance to rubber vulcanizates and is utilized in natural rubber (NR) and synthetic rubber (SR) goods. Additionally, in the production of synthetic rubbers, it is employed as a stabilizer. The increasing preference for synthetic rubber over natural rubber due to its superior abrasion resistance and heat resistance is the critical factor estimated to fuel the demand for diphenylamine rubber antioxidant over the forecast period. Furthermore, the rising usage of styrene-butadiene rubber, polychloroprene, nitrile rubber, and others owing to its versatility and reliability in various applications has raised the industry growth.

COVID – 19 Impact:

The Covid-19 pandemic situation negatively impacted the growth of the diphenylamine rubber antioxidant industry in the year 2020. According to the International Rubber Study Group, the global total rubber consumption fell by 1.0% in 2019, before plummeting in 2020 as a result of the COVID-19 pandemic. Slower global economic growth in part owing to the escalation of trade conflict between the United States and China, explains much of the 2019 slowdown. Also, the demand for rubber was particularly low in 2019, owing to unexpectedly slow growth in China and India's passenger car markets. Thus, this declined the demand for rubber products which dipped the development of the diphenylamine rubber antioxidant market.

Report Coverage

The report: "Diphenylamine Rubber Antioxidant Market Report – Forecast (2022-2027)" by IndustryARC covers an in-depth analysis of the following segments of the diphenylamine rubber antioxidant industry.

By Application: Natural Rubber (NR) and Synthetic Rubber (SR) (Styrene-Butadiene Rubber (SBR), Nitrile-Butadiene Rubber (NBR), Chloroprene Rubber (CR), and Others)
By End-Use Industry: Transportation (Automotive, Aerospace, Marine, and Others), Building and Construction (Residential, Commercial, and Industrial), Medical (Catheters, Tubes, Breathing Bags, and Others), Textile & Apparel, Food & Beverage, and Others
By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, Italy, France, Spain, Netherlands, Russia, Belgium, and Rest of Europe), Asia Pacific (China, Japan, India, South Korea, Australia and New Zealand, Taiwan, Indonesia, Malaysia, and Rest of Asia Pacific), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), and RoW (Middle East and Africa) 

Key Takeaways

• The APAC region dominates the diphenylamine rubber antioxidant market due to the rising growth and demand of the automotive sector. For instance, according to the China Association of Automobile Manufacturers car sales were 25.28 million units in 2020, 25.76 million units in 2019, and 28.04 million units in 2018. Automobile sales exceeded 2017-2018 levels in the second half of 2020.
• An increase in demand for electric vehicles (EVs) is one of the primary factors driving the growth of the market. For instance, according to India's National Investment Promotion and Facilitation Agency electric vehicle demand is expected to rise even more in the near future. By 2026, automobile production is expected to reach US$ 300 billion.
• In the foreseable future, the demand for diphenylamine rubber antioxidant is expected to rise as a result of the growing demand for synthetic rubber in the medical industry for the production of maximum strength, extra flexibility, and greater protection products.
• Furthermore, strict regulations associated with diphenylamine antioxidant due to its major health and environmental effects will hinder the growth of the market in the forecast period.

Figure: Asia-Pacific Diphenylamine Rubber Antioxidant Market Revenue, 2021-2027 (US$ Million)

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Diphenylamine Rubber Antioxidant Market Segment Analysis – By Type

Synthetic rubber (SR) held the largest share in the diphenylamine rubber antioxidant market and is expected to continue its dominance over the period 2022-2027. In the synthetic rubber segment diphenylamine rubber antioxidant is most widely used antioxidant in Chloroprene Rubber (CR) based rubber compounds since it does not influence the bin storage properties. Over the projected period, the rising use of chloroprene rubber pads in reinforced concrete structures in the construction sector is expected to drive market expansion. Also, an increase in demand for chloroprene rubber in the electrical and electronic industries due to its advantageous properties such as low weight, dielectric capability, high temperature resistance, and good impact quality, is driving the growth of the industry. As a result of the aforementioned factors the growing demand for synthetic rubber is anticipated to boost the growth of the diphenylamine rubber antioxidant market throughout the projection period.

Diphenylamine Rubber Antioxidant Market Segment Analysis – By End-Use Industry

The transportation sector dominated the diphenylamine rubber antioxidant market in 2021 and is projected to grow at a CAGR of 3.8% during 2022-2027. The transportation industry is the largest consumer of diphenylamine rubber antioxidant, which is used in natural rubber as well as in the synthetic rubbers. Owing to the toughness, elasticity, and flexibility, synthetic rubber is best suited for producing products that are used in the transportation sector. Increasing investments in the aerospace, marine, and others, is estimated to drive the demand for rubber goods and positively influence the growth of diphenylamine rubber antioxidant industry. For instance, in March 2021, through the Aerospace Technology Institute (ATI) Program, UK Business Minister Paul Scully announced a nearly £90 million (US$ 101.4 million) investment in five aerospace projects. Additionally, according to Invest India in the last four years, 118 maritime projects totaling $7.7 billion dollars have been approved. Thus, the rising investments in the transportation sector is further anticipated to drive the market growth.

Diphenylamine Rubber Antioxidant Market Segment Analysis – By Geography

The Asia-Pacific region dominated the diphenylamine rubber antioxidant market with a share of 45% in terms of value in the year 2021. The market in the region is witnessing expansion with increasing investments in several end-use sectors. Also, companies here are offered with lucrative opportunities to increase their production capacity and, in turn, to stimulate market growth. According to the International Rubber Study Group, in 2020 the consumption of synthetic rubber in Asia-Pacific stood 8,500 '000 mt. Also, natural rubber use is predominantly concentrated in the Asia Pacific region, with China, India, and Thailand being the largest consumers. With 60% and 77% of global synthetic rubber and natural rubber consumption respectively, Asia Pacific dominates the rubber industry. Asia Pacific is expected to continue to be the driving force behind diphenylamine rubber antioxidant demand growth, owing to the increasing demand for automobile and tire industries in China, India, and Thailand.

Diphenylamine Rubber Antioxidant Market Drivers

Rising Production of Eco-Friendly Tires will Drive the Growth of the Market.

Concerns about deteriorating environmental conditions have increased demand for environmentally friendly products such as eco-friendly tires. Increasing initiatives by several manufacturer for the development of eco-friendly tires has driven the demand for rubber which has further influenced the diphenylamine rubber antioxidant growth in recent years. For instance, in August 2021, Kumho Petrochemical announced that it will use environmentally friendly biosilica extracted from rice bran in its high-performance synthetic rubbers, including S-SBR. Similarly, in October 2021, GRI, an Indian tyre maker, announced the release of the Ultimate Green XT, an environmentally friendly solid material handling tyre. The latest GRI tyre, made from pure natural rubber and silica, is supposed to deliver improved energy efficiency due to a 20.4% reduced rolling resistance than currently available tyres. The Ultimate Green XT is also projected to have a longer service life due to a 26.6% decreased abrasion loss. Thus, such initiatives will surge the demand for rubber based products and drive the diphenylamine rubber antioxidant market growth in the upcoming years.

Surging Growth of the Automotive Sector

Automotive sector is one of the major end-use industry which is driving the demand for diphenylamine rubber antioxidant market. Rubber is particularly important in the automotive industry, which includes passenger cars, commercial vehicles, and heavy commercial vehicles. Owing to the durability, strength, and heat resistance, rubber products are majorly used in the automotive sector. Thus, with the rising growth of the automotive sector the demand for rubber has increased, which has further driven the growth of diphenylamine rubber antioxidant. For instance, According to the German Trade and Invest (GTAI), German automobile manufacturers produced over 16 million vehicles in the year 2019 and also, German passenger car and light commercial vehicle OEM generated foreign market revenue of almost EUR 282.4 billion (US$ 308 billion) in 2019, that is a 2% increase over the year 2018. Also, according to the International Organization of Motor Vehicle Manufacturers, in 2021, vehicle production increased in the America and Asia-Pacific region by 3% and 6% respectively compared to the previous year (2020).

Diphenylamine Rubber Antioxidant Market Challenges

Rising Health and Environmental Effects

One of the major challenges faced by the diphenylamine rubber antioxidant market is the rising health and environmental effects. Diphenylamine antioxidant may cause weak to moderate eye irritation and skin irritation. The United States Environmental Protection Agency (EPA), as part of the Substituted Diphenylamine Challenge Program studied the environmental effects of DPA antioxidants. Because of their low vapour pressure, they are not expected to partition significantly into air. They are not easily decomposable. Also, ecotoxicity studies show that the presence of substantial levels of unreacted DPA, on the other hand, can affect the product's ecotoxicity danger, rendering it harmful to the aquatic life.

Diphenylamine Rubber Antioxidant Industry Outlook

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the diphenylamine rubber antioxidant market. diphenylamine rubber antioxidant top 10 companies include:

1. Lanxess
2. Eastman Chemical Company
3. Jiangsu Feiya Chemical Industry Co. Ltd.
4. Huntsman International LLC
5. Agrofert
6. Naiknavare Chemicals Limited
7. Kawachem
8. OUCHI SHINKO CHEMICAL
9. Feiya Chemical
10. Duslo A.S. and others.

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