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 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.
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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