Treated Distillate Aromatic Extract (TDAE) are used in a large
variety of finished products in the chemical and manufacturing industries. It
is used as a softening additive in the manufacturing process of rubber
compounds. Due to its high aromatic content leads to the reduction of
frictional heat buildup during the use of tires. It is also used in
manufacturing of other automotive components such as belt, hoses, battery
containers and other extruded products. TDAE is used to blend with heavy fuels
is an important commercial use in chemical plants and maritime transport.
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Some of the prominent factors that positively influence the growth
of TDAE Market are, increasing crude oil production reducing the raw material
gap, rising demand for efficient tires to reduce power consumption, and
increasing maritime trade. Increasing urbanization along with rising per capita
disposable income in the developed and emerging economies are predicted to
drive the growth of the market over the forecast period, 2017 to 2023. High
adoption rate along with the increasing number of power plants to meet the
energy requirements for the ever-growing population. Moreover, continuous
expansion of automotive sector as well as shifting manufacturers focus towards
cost effective vehicles are estimated to fuel the growth of the market during
the review period, 2017 to 2023. However, growing environmental concerns
regarding the toxic effect of chemicals used in TDAE along with the
implementation of strict regulations are predicted to hinder the market growth
over the assessment period, 2017 to 2023.
Regional Analysis:
The Middle East & Africa is estimated to be the largest TDAE
Market followed by North America and Europe due to strong existence of crude
oil reserves. In Europe, Germany, Russia, and Spain are predicted to register a
strong growth on account of tremendous demand for TDAE in automotive parts
manufacturing. In Asia Pacific, countries such as China, India, and South Korea
are the fastest growing market for TDAE, and is estimated to grow with the same
pace over the forecast period. In North America, U.S. and Mexico are among the
major contributors in the regional market growth due to expansion of offshore
and onshore activities as well as increasing innovations. In South America,
Mexico is expected to register strong growth due to robust presence of
automobile manufacturers.
Market Segmentation:
The Global TDAE Market is categorized on the basis of application,
and region. On the basis of application, the TDAE market is categorized into
tires & tubes, belting & hoses, battery containers, extruded products,
and others. On the basis of region, the market is categorized into Asia
Pacific, Europe, Latin America, North America, and the Middle East &
Africa.
Key Players:
Some of the prominent players operating in the Global TDAE Market
are Lanxess (Germany), Royal Dutch Shell plc (the Netherlands), Total S.A.
(France), Eni S.p.A. (Italy), Gazpromneft Lubricants (Russia), ATDM (Iran),
H&R Group (Japan), Halliburton (U.S.), Nynas (Sweden), and CPC Coproration
(China), among others.
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