The recent report, as published by Market Research Future (MRFR) on the Treated distillate aromatic extracts (TDAE), reveals that the market is showing potentials to achieve a valuation of USD 1,027.7 million by 2022 following a CAGR of 3.71% during the forecast period of 2022 to 2023.
Treated distillate aromatic extracts (TDAE) can be defined as a rubber processing oil that has strong aromatic content. It has a widespread application as a rubber softening additive to back up the process of rubber vulcanization. The product is getting strong market traction due to its high viscosity-gravity constant, which supports various manufacturing processes and reduces heat production capacity, which provides better traction to the automotive industry. However, it is also known for its carbon emission properties, which can have some negative impact on the market in the coming years.
Competitive Leaderboard:
Companies taking part in devising strategies for the global market for treated distillate aromatic extracts are Royal Dutch Shell Plc (Netherlands), Lanxess (Germany), Total S.A. (France), CPC Corporation (Taiwan), Gazpromneft-Lubricant Ltd, (Russia), Eni s.p.a. (Italy), Nynas (Sweden), HR Group (Germany), ATDM (Iran), Eagal Petrochrm (Iran), and others. MRFR profiled these companies to make sure that their contributions get assessed properly. These companies have contributed much to the market by taking various leads and executing tactical moves like a merger, tie-ups, acquisitions, and others.
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Market Segmentation:
The global market for treated distillate aromatic extracts finds solid segmentation in the report published by MRFR on the basis of its application. The segment is loaded with various market factors that can contribute to the holistic growth of the market.
By application, the global market report on treated distillate aromatic extracts can be segmented into belting houses, battery containers, tires tubes, extruded products, others. The tires tubes manufacturing segment has a significant growth due to its increasing intake in the automotive sector. The forecast period of the market predicts that this segment could cover up well above 68% of the entire market share and can record growth with 3.81% CAGR during the review period.
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Regional Analysis:
The market report on a regional scale, as per the coverage of MRFR in 2022, revealed the Asia Pacific region as the major contributor in the market. The segment is also supposed to make significant growth by having a 4.12% CAGR on a value-wise scale and 3.7% CAGR on a volume-specific level. The region has the upper hand over the global market with almost half of the total market share. The regional claim would reach around 45% of the entire market size during the forecast period. This is happening due to the growing need for rubber in manufacturing tires and other products. The regional rubber production industry is quite robust, which is expected to provide the market significantly. China has the largest contribution and its revenue is almost USD 133.12 million with a possibility of scoring CAGR of 4.32% during the review period. India would also register significant market growth in the coming years as the automobile industry is gaining strong grounds in the region.
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