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Accelerator DM Market Segmented By type such as General Grade and Refined Grade with application such as Rubber Industry and Pharmaceutical Industry
The rubber industry has grown significantly in recent years due to surging demand for products such as tires, inflatable rafts, conveyor belts, and other such products. This has resulted in high demand for rubber globally which in turn has resulted in a significant demand for substances that are used in the manufacturing of rubber. One such substance is accelerator DM.
The Accelerator DM also was known as MBTS is widely being used across the rubber and pharmaceutical industry for a long period of time. It is a powdery substance that is used as an accelerating agent of natural rubbers and synthetic rubbers.
The extensive and daily life applications of rubbers in making rubber fabric, rubber belts and others are significantly driving the growth of accelerator DM market. Such factors are fueling the growth of accelerator DM in the market.
The accelerator DM is used as a starting point of new compound development such as in mineral filled types for applications such as soles, heels or other molded goods. Such factors are further driving the growth of accelerator DM market.
Vendors in the accelerator DM market are focusing on mixing the substance into other materials to increase its usability. They are also focusing on making products such as chloroprene rubber by using accelerator DM as plasticizer or retarder.
The market of accelerator DM is expected to grow significantly in India since it is the largest producer and third largest consumer of natural rubber. Thus, manufacturers are focusing on expanding their presence in the Asia Pacific region.
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The rubber finds wide applications in routine life. Thus, the accelerator DM is used to make vehicle tires, tubes, and rubber hose, belts made of rubber, shoes and many others. Such wide applications have driven the market of accelerator DM significantly.
The accelerator DM are essential ingredients that increase the sulfur bonding to rubber macromolecules in the form of cross links. The accelerator DM is also a non-toxic chemical material which is insoluble in water. Such factors are further fueling the adoption of accelerator DM in the market.
The accelerator DM cannot be used alone in furnace black natural rubber stocks since it may cause scorching problems. This acts as a major restraint to the growth of accelerator DM market.
The accelerator DM materials can only be stored in certain specific environmental conditions such as a tightly closed container, well-ventilated place, and others. Also, these materials have a limited shelf life of a year when stored in specified conditions. Such factors are further hampering the growth of accelerator DM market.
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Examples of some of the key players operating in the Accelerator DM Market are NOCIL, Sanshin Chemical Industry, Shandong Longze Chemical Co.,Ltd., Dalian Richon Chem CO., LTD., Akrochem, Double Vigour Chemical Product, Wenzhou Jiali Chemical, Fengcheng Geneco and Chuangsheng Chemical Technology.
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The Accelerator DM market is segmented across North America, Latin America, Western Europe, Eastern Europe, China, SEA and other APAC, Japan, and Middle East & Africa. China is expected to be a large market for Accelerator DM as a majority of the Accelerator DM vendors such as Shandong Longze Chemical Co.,Ltd., Sanshin Chemical Industry, and Fengcheng Geneco are based in the region. The increasing spending of Asia Pacific countries such as rubber industry are driving the adoption of Accelerator DM in the region.
The growing popularity of Accelerator DM in developing regions, such as Latin America, and parts of Africa, are characterized by the increasing spending on consumer goods in the regions. Rising disposable income among people in the countries mentioned above are likely to increase the scope of penetration of Accelerator DM in these regions in the near future.
Global Accelerator DM Market Segments
The report is a compilation of first-hand information, qualitative & quantitative assessment by industry analysts and inputs from industry experts & industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with the market appeal of each segment. The report also maps the qualitative impact of various factors on various market segments and geographies.
