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.
Some of the prominent factors that positively influence the
growth Treated
Distillate Aromatic Extracts Industry 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.
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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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.
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