Rubber Masterbatch

Rubber Masterbatch Market Outlook

The global rubber masterbatch market is projected to reach approximately USD 6.5 billion by 2033, growing at a CAGR of around 5.2% during the forecast period from 2025 to 2033. This growth is primarily driven by the increasing demand for high-performance rubber in various industries, including automotive and construction, owing to its excellent mechanical properties and durability. Furthermore, the shift towards advanced manufacturing processes and the rising adoption of eco-friendly materials are also contributing to the expansion of the market. Additionally, innovations in rubber masterbatch formulations and technologies aimed at enhancing product efficiency and performance create a conducive environment for market growth. The growing trend of smart manufacturing and automation is expected to further propel the demand for rubber masterbatch solutions across diverse applications.

Growth Factor of the Market

The rubber masterbatch market is being significantly influenced by several growth factors. One of the most notable is the rising demand from the automotive sector, where rubber components are critical for various applications such as tires, seals, and gaskets. This sector is increasingly focusing on lightweight and durable materials to enhance fuel efficiency and reduce emissions. Furthermore, the construction industry is also seeing a surge in demand for rubber masterbatches, as they are used in products like flooring, roofing, and insulation materials, where durability and weather resistance are essential. Additionally, the growing trend of sustainability is pushing manufacturers towards using eco-friendly formulations in rubber masterbatch production, thereby attracting investments and innovation in the market. Technological advancements, including the development of specialized masterbatches that improve processing efficiency and product performance, are also key factors that are driving market growth. Lastly, the increasing use of rubber masterbatches in electronics and industrial applications is expanding the market's potential, making it an attractive area for investors and manufacturers alike.

Key Highlights of the Market

• Projected market size of USD 6.5 billion by 2033 with a CAGR of 5.2%.
• Significant demand from automotive and construction sectors.
• Growing focus on eco-friendly rubber masterbatch formulations.
• Technological advancements enhancing product performance.
• Increasing utilization in electronics and industrial applications.

By Product Type

SBR Masterbatch:

SBR (Styrene-Butadiene Rubber) masterbatch is one of the most widely used types of rubber masterbatch, primarily due to its superior elasticity and durability. This type of masterbatch is extensively employed in the automotive industry for the production of tires and other rubber components that require excellent wear resistance. The SBR masterbatch allows manufacturers to achieve the desired balance of strength and flexibility, making it suitable for various applications. Additionally, its compatibility with other materials enables it to be easily blended, thus enhancing its versatility in different formulations. The continuous advancements in SBR production techniques and the growing preference for lightweight vehicles are further pushing the demand for SBR masterbatch in the market. As a result, SBR masterbatch serves as a critical component in enhancing the performance characteristics of rubber products across various industries.

EPDM Masterbatch:

EPDM (Ethylene Propylene Diene Monomer) masterbatch is increasingly gaining traction due to its excellent resistance to weathering, ozone, and UV radiation, making it an ideal choice for outdoor applications. This masterbatch type is commonly utilized in roofing membranes, seals, and gaskets in the construction sector, where durability and longevity are crucial. Moreover, EPDM masterbatch exhibits impressive thermal stability, which is essential for automotive applications, particularly in gaskets and hoses. The demand for EPDM masterbatch is growing as manufacturers continue to seek solutions that not only perform well but also offer cost-effectiveness over the product lifecycle. Furthermore, the trend toward sustainable building materials is driving innovations in EPDM formulations, resulting in products that align with the industry's increasing environmental standards.

NBR Masterbatch:

NBR (Nitrile Butadiene Rubber) masterbatch is known for its excellent oil and chemical resistance, making it a preferred choice for applications in the automotive and industrial sectors. This type of masterbatch is extensively used in the production of fuel hoses, seals, and gaskets, where exposure to oils and chemicals is frequent. Additionally, NBR masterbatch provides excellent mechanical properties, including tensile strength and abrasion resistance, which enhances the overall performance of finished rubber products. The increasing adoption of NBR in high-performance applications is expected to drive the growth of this segment. The ongoing innovations aimed at improving the processing characteristics of NBR masterbatch, coupled with the rising demand for fuel-efficient vehicles, are expected to bolster its market share in the coming years.

Silicone Masterbatch:

Silicone masterbatch is gaining popularity due to its unique properties, such as high-temperature resistance, flexibility, and hydrophobicity. These characteristics make silicone masterbatch suitable for a wide range of applications, including medical devices, automotive interiors, and consumer products. The demand for silicone masterbatch is on the rise as industries seek materials that can withstand extreme conditions while maintaining performance and safety standards. Furthermore, the increasing focus on health and safety regulations is propelling the use of silicone masterbatch in applications that require non-toxic and hypoallergenic materials. As manufacturers continue to innovate and provide specialized silicone masterbatch formulations, the market for this product type is expected to grow significantly, catering to various niche applications.

Others:

The 'Others' segment encompasses various specialty masterbatches that cater to specific performance requirements or unique applications. This includes masterbatches formulated with additives that enhance specific properties such as flame retardance, UV stabilization, and anti-static characteristics. These specialty masterbatches are gaining traction in industries like electronics, where specific performance criteria must be met to ensure product reliability and safety. As industries evolve and demand for customized solutions increases, the segment of 'Others' is expected to expand significantly, driven by innovation and the development of niche products that meet the specific needs of various applications.

By Application

Automotive:

The automotive sector is one of the largest consumers of rubber masterbatch due to the extensive use of rubber components in vehicles. Applications range from tires and seals to interior components, where durability, flexibility, and performance are essential. The shift towards lightweight vehicles and the increasing emphasis on fuel efficiency are pushing manufacturers to seek advanced rubber materials that can deliver superior performance. Moreover, the integration of innovative technologies in automotive manufacturing, such as electric and hybrid vehicles, is creating new opportunities for rubber masterbatch applications. As a result, the automotive application segment is poised for significant growth, driven by the industry's demand for high-performance materials that meet stringent regulatory standards.

Construction:

In the construction industry, rubber masterbatch is utilized in various products such as flooring, roofing membranes, and sealants. The key attributes that make rubber masterbatch indispensable in construction include its durability, resistance to weathering, and ability to withstand extreme temperatures. Additionally, the increasing focus on sustainable building practices is leading to the adoption of rubber masterbatch formulations that incorporate recycled materials and eco-friendly additives. The demand for energy-efficient and resilient construction materials is expected to further drive the growth of rubber masterbatch in this sector. As constructions evolve to accommodate modern architectural designs and stringent building codes, the need for high-quality rubber products will continue to rise.

Electronics:

The electronics industry utilizes rubber masterbatch for various applications such as insulation, casings, and protective coverings. The demand for rubber masterbatch in this sector is driven by the need for materials that provide excellent electrical insulation and mechanical protection. Additionally, the growing trend of miniaturization in electronic devices is pushing manufacturers to explore advanced materials that can meet compact design requirements without compromising performance. The increasing adoption of smart technologies and IoT devices is also fueling demand for specialized rubber masterbatch formulations tailored for electronic applications. As the electronics market continues to expand globally, the rubber masterbatch segment is expected to experience significant growth.

Industrial:

In industrial applications, rubber masterbatch is used in manufacturing components such as hoses, belts, and gaskets, which require high durability and performance. The industrial sector demands materials that can withstand harsh operating conditions, including exposure to chemicals, abrasion, and temperature fluctuations. As industries continue to evolve with advanced manufacturing techniques and automation, the demand for high-performance rubber products is increasing. Furthermore, the resurgence of manufacturing activities in various regions post-pandemic is expected to drive the rubber masterbatch market within the industrial segment. The ongoing emphasis on efficiency and reliability in industrial applications will continue to bolster the demand for rubber masterbatch solutions.

Others:

The 'Others' segment includes applications in areas such as healthcare, consumer goods, and packaging, where rubber masterbatch is used for specialized products. In the healthcare sector, for instance, rubber masterbatch is utilized in medical devices and components that require biocompatibility and durability. The consumer goods segment benefits from the flexible nature of rubber masterbatch, used in products like footwear and sports equipment. As consumer preferences evolve and industries seek innovative materials, this segment is expected to witness steady growth. The diversification of applications for rubber masterbatch across various sectors highlights its versatility and the increasing demand for customized solutions that meet specific performance needs.

By Distribution Channel

Direct Sales:

Direct sales channels are a crucial segment for the distribution of rubber masterbatch, allowing manufacturers to sell their products directly to end-users and industrial clients. This approach facilitates a closer relationship between producers and customers, enabling better communication and understanding of specific requirements. Direct sales also offer manufacturers the opportunity to provide tailored solutions and technical support, ensuring that customers receive the most suitable products for their applications. Furthermore, direct sales can help in reducing costs associated with intermediaries, allowing for competitive pricing. As the market grows, the direct sales channel is expected to expand, driven by manufacturers’ efforts to enhance customer engagement and satisfaction.

Indirect Sales:

Indirect sales channels include distributors, wholesalers, and retailers that facilitate the distribution of rubber masterbatch to a broader range of customers. This channel is particularly advantageous for reaching a larger audience, as intermediaries often possess established networks and market knowledge. Indirect sales provide manufacturers with the ability to penetrate various markets and regions without having to invest heavily in establishing direct sales teams. Moreover, the indirect sales model allows for the quick dissemination of products across multiple markets, catering to diverse customer needs. As businesses increasingly seek efficient distribution strategies, the indirect sales channel for rubber masterbatch is anticipated to grow significantly, supporting market expansion.

By Ingredient Type

Carbon Black:

Carbon black is a primary ingredient in rubber masterbatch, known for its excellent reinforcing properties that enhance the strength and durability of rubber products. Its unique characteristics help improve wear resistance and provide better performance in various applications, particularly in automotive and industrial sectors. The increasing demand for high-performance rubber products is driving the adoption of carbon black in masterbatch formulations. Moreover, advancements in carbon black production processes aim to enhance its performance characteristics and reduce environmental impact, further bolstering its position in the market. The growing trend toward sustainable materials has also led to innovations in carbon black alternatives, which may impact its future usage in rubber masterbatch.

Zinc Oxide:

Zinc oxide is another crucial ingredient in rubber masterbatch, widely used for its UV resistance and as a vulcanizing agent. This ingredient plays a significant role in enhancing the thermal stability and overall performance of rubber products, particularly in outdoor applications where exposure to harsh environmental conditions is common. The increasing focus on product longevity and durability in industries such as automotive and construction is driving the demand for zinc oxide in rubber formulations. Additionally, the growing trend towards eco-friendly products has led to the development of sustainable zinc oxide sources, ensuring its continued relevance in the rubber masterbatch market.

Stearic Acid:

Stearic acid is commonly used in rubber masterbatch formulations as a processing aid and lubricant to enhance the flow and dispersion of ingredients during manufacturing. Its role in improving processability makes it a vital component in rubber production, particularly for complex formulations. The increasing complexity of rubber products and the ongoing advancements in manufacturing technologies are driving the demand for stearic acid in the rubber masterbatch market. Additionally, as manufacturers strive to optimize production efficiency and product performance, the utilization of stearic acid is expected to grow within the industry.

Sulfur:

Sulfur is a critical ingredient in rubber masterbatch, primarily used for its vulcanizing properties, which enhance the mechanical properties and durability of rubber products. The vulcanization process facilitates the formation of cross-links in the rubber matrix, leading to enhanced elasticity and strength. The growing demand for high-performance rubber in automotive, industrial, and consumer applications is driving the use of sulfur in rubber masterbatch formulations. With the continuous advancements in vulcanization technology and the increasing requirement for specialized rubber products, the market for sulfur in rubber masterbatch is expected to expand significantly.

Others:

The 'Others' segment comprises various specialty ingredients utilized in rubber masterbatch formulations that cater to specific performance needs. These ingredients may include various additives like processing aids, stabilizers, and colorants, which enhance the functionality and aesthetic properties of rubber products. The increasing diversification of applications for rubber masterbatch across multiple industries highlights the growing demand for specialized formulations that incorporate a mix of unique ingredients. As manufacturers continue to innovate and develop customized solutions, the 'Others' segment is anticipated to witness significant growth, driven by the need for tailored rubber masterbatch products.

By Region

The Asia Pacific region is one of the largest markets for rubber masterbatch, accounting for approximately 40% of the global market share. The rapid industrialization and growing automotive sector in countries like China and India are key factors driving demand in this region. Furthermore, the increasing construction activities and rising infrastructure projects contribute to the consumption of rubber masterbatch, particularly in applications such as flooring and roofing. With a projected CAGR of 5.8% from 2025 to 2033, the Asia Pacific region remains a significant focus for manufacturers looking to capitalize on expanding markets and rising demand for high-quality rubber products.

North America follows the Asia Pacific in terms of market share, accounting for around 25% of the global rubber masterbatch market. The demand in this region is primarily driven by the automotive and industrial sectors, where high-performance rubber products are essential. The emphasis on sustainability and the integration of advanced manufacturing technologies in North America further bolster the market growth. Europe is also witnessing steady growth in rubber masterbatch consumption, particularly in the automotive and construction industries, as the region pushes for innovation and eco-friendly materials. Collectively, the regional dynamics highlight the importance of tailored strategies to address specific market needs across different geographic segments.

Opportunities

One of the most significant opportunities within the rubber masterbatch market lies in the increasing emphasis on sustainability and eco-friendly materials. As global awareness regarding environmental concerns grows, manufacturers are under pressure to develop rubber masterbatch formulations that minimize environmental impact while maintaining performance standards. This shift towards sustainable practices presents a lucrative avenue for innovation and product development. Companies that invest in research and development to create bio-based or recycled rubber masterbatch solutions could capture a significant market share and establish themselves as leaders in sustainability. Additionally, partnerships with organizations focused on environmental initiatives can enhance brand reputation and customer loyalty, further driving growth in this segment.

Another promising opportunity is the rapid technological advancements within the rubber production process. Innovations such as automation, digitalization, and smart manufacturing are reshaping the industry landscape, allowing manufacturers to optimize production efficiency and reduce costs. By adopting advanced manufacturing techniques and integrating Industry 4.0 principles, companies can enhance their competitiveness and respond swiftly to market demands. Furthermore, the growing trend of electric and autonomous vehicles presents an opportunity for rubber masterbatch manufacturers to develop specialized formulations tailored to the specific requirements of these emerging technologies. As industries evolve, staying ahead of technological progress will be key to seizing opportunities in the rubber masterbatch market.

Threats

The rubber masterbatch market faces several challenges that could impede growth. One major threat is the volatility of raw material prices, particularly for components like carbon black and natural rubber. Fluctuations in the cost of these raw materials can significantly affect production costs and profit margins, compelling manufacturers to constantly adapt their pricing strategies. Additionally, the global supply chain disruptions experienced during the COVID-19 pandemic highlighted the vulnerabilities in sourcing materials. Companies must navigate these risks effectively to maintain stability in operations and ensure competitive pricing in a dynamic market. The potential for increased competition from alternative materials and formulations also poses a threat to the traditional rubber masterbatch market, as manufacturers seek innovative solutions that may disrupt the status quo.

Moreover, regulatory challenges associated with environmental and safety standards present a restraining factor for the rubber masterbatch market. As governments worldwide tighten regulations to promote sustainability and reduce carbon footprints, manufacturers must invest in compliance measures and adapt to changing requirements. The need for extensive testing and certification of rubber products can lead to increased costs and longer time-to-market for new formulations. Companies that fail to adapt to these regulatory changes risk losing market share to more agile competitors who can swiftly align with evolving industry standards. Therefore, it is crucial for rubber masterbatch manufacturers to stay informed about regulatory developments and proactively implement strategies to mitigate these challenges.

Competitor Outlook

• Continental Carbon
• Cabot Corporation
• Lanxess AG
• Kraton Corporation
• Hexpol AB
• Elastomer Solutions
• PMC Specialties Group
• Singapore Technologies Engineering Ltd
• Shenzhen Oulite Technology Co., Ltd.
• RTP Company
• DuPont de Nemours, Inc.
• Phillips Carbon Black Limited
• American Vinyl Company
• Goodyear Tire and Rubber Company
• Huntsman Corporation

The competitive landscape of the rubber masterbatch market is characterized by several key players who are actively engaging in product innovation and expansion strategies. Leading companies are investing in research and development to create advanced formulations that meet the evolving demands of various industries. Strategic partnerships and collaborations are also gaining traction as manufacturers seek to enhance their product offerings and market reach. This trend is particularly evident in regions such as North America and Europe, where companies are focusing on sustainability and eco-friendly alternatives. The increasing competition is compelling players to differentiate their offerings through unique formulations and specialized applications, thereby fostering growth and innovation within the market.

Continental Carbon is one of the prominent players in the rubber masterbatch market, recognized for its extensive portfolio of high-performance carbon solutions. The company is known for its commitment to sustainability, focusing on the development of eco-friendly carbon black alternatives that cater to the growing demand for green materials. Similarly, Cabot Corporation, a leader in specialty chemicals and performance materials, offers a wide range of rubber masterbatch products that emphasize performance and durability. Their dedication to innovation and customer-centric solutions positions them favorably in the competitive landscape.

Another significant player, Lanxess AG, is a global specialty chemicals company that has made substantial investments in expanding its rubber masterbatch offerings. With a focus on sustainable practices and environmentally friendly solutions, Lanxess is well-positioned to address the evolving needs of its customers. Additionally, companies like Kraton Corporation and Hexpol AB are actively pursuing product development and technological advancements to enhance their market presence. The competitive dynamics within the rubber masterbatch market emphasize the importance of innovation, sustainability, and strategic collaborations in driving growth and success.

• 1 Appendix

  • 1.1 List of Tables
  • 1.2 List of Figures

• 2 Introduction

  • 2.1 Market Definition
  • 2.2 Scope of the Report
  • 2.3 Study Assumptions
  • 2.4 Base Currency & Forecast Periods

• 3 Market Dynamics

  • 3.1 Market Growth Factors
  • 3.2 Economic & Global Events
  • 3.3 Innovation Trends
  • 3.4 Supply Chain Analysis

• 4 Consumer Behavior

  • 4.1 Market Trends
  • 4.2 Pricing Analysis
  • 4.3 Buyer Insights

• 5 Key Player Profiles

  • 5.1 Hexpol AB
    • 5.1.1 Business Overview
    • 5.1.2 Products & Services
    • 5.1.3 Financials
    • 5.1.4 Recent Developments
    • 5.1.5 SWOT Analysis
  • 5.2 Lanxess AG
    • 5.2.1 Business Overview
    • 5.2.2 Products & Services
    • 5.2.3 Financials
    • 5.2.4 Recent Developments
    • 5.2.5 SWOT Analysis
  • 5.3 RTP Company
    • 5.3.1 Business Overview
    • 5.3.2 Products & Services
    • 5.3.3 Financials
    • 5.3.4 Recent Developments
    • 5.3.5 SWOT Analysis
  • 5.4 Cabot Corporation
    • 5.4.1 Business Overview
    • 5.4.2 Products & Services
    • 5.4.3 Financials
    • 5.4.4 Recent Developments
    • 5.4.5 SWOT Analysis
  • 5.5 Continental Carbon
    • 5.5.1 Business Overview
    • 5.5.2 Products & Services
    • 5.5.3 Financials
    • 5.5.4 Recent Developments
    • 5.5.5 SWOT Analysis
  • 5.6 Kraton Corporation
    • 5.6.1 Business Overview
    • 5.6.2 Products & Services
    • 5.6.3 Financials
    • 5.6.4 Recent Developments
    • 5.6.5 SWOT Analysis
  • 5.7 Elastomer Solutions
    • 5.7.1 Business Overview
    • 5.7.2 Products & Services
    • 5.7.3 Financials
    • 5.7.4 Recent Developments
    • 5.7.5 SWOT Analysis
  • 5.8 Huntsman Corporation
    • 5.8.1 Business Overview
    • 5.8.2 Products & Services
    • 5.8.3 Financials
    • 5.8.4 Recent Developments
    • 5.8.5 SWOT Analysis
  • 5.9 PMC Specialties Group
    • 5.9.1 Business Overview
    • 5.9.2 Products & Services
    • 5.9.3 Financials
    • 5.9.4 Recent Developments
    • 5.9.5 SWOT Analysis
  • 5.10 American Vinyl Company
    • 5.10.1 Business Overview
    • 5.10.2 Products & Services
    • 5.10.3 Financials
    • 5.10.4 Recent Developments
    • 5.10.5 SWOT Analysis
  • 5.11 DuPont de Nemours, Inc.
    • 5.11.1 Business Overview
    • 5.11.2 Products & Services
    • 5.11.3 Financials
    • 5.11.4 Recent Developments
    • 5.11.5 SWOT Analysis
  • 5.12 Phillips Carbon Black Limited
    • 5.12.1 Business Overview
    • 5.12.2 Products & Services
    • 5.12.3 Financials
    • 5.12.4 Recent Developments
    • 5.12.5 SWOT Analysis
  • 5.13 Goodyear Tire and Rubber Company
    • 5.13.1 Business Overview
    • 5.13.2 Products & Services
    • 5.13.3 Financials
    • 5.13.4 Recent Developments
    • 5.13.5 SWOT Analysis
  • 5.14 Shenzhen Oulite Technology Co., Ltd.
    • 5.14.1 Business Overview
    • 5.14.2 Products & Services
    • 5.14.3 Financials
    • 5.14.4 Recent Developments
    • 5.14.5 SWOT Analysis
  • 5.15 Singapore Technologies Engineering Ltd
    • 5.15.1 Business Overview
    • 5.15.2 Products & Services
    • 5.15.3 Financials
    • 5.15.4 Recent Developments
    • 5.15.5 SWOT Analysis

• 6 Market Segmentation

  • 6.1 Rubber Masterbatch Market, By Application
    • 6.1.1 Automotive
    • 6.1.2 Construction
    • 6.1.3 Electronics
    • 6.1.4 Industrial
    • 6.1.5 Others
  • 6.2 Rubber Masterbatch Market, By Ingredient Type
    • 6.2.1 Carbon Black
    • 6.2.2 Zinc Oxide
    • 6.2.3 Stearic Acid
    • 6.2.4 Sulfur
    • 6.2.5 Others
  • 6.3 Rubber Masterbatch Market, By Distribution Channel
    • 6.3.1 Direct Sales
    • 6.3.2 Indirect Sales

• 7 Competitive Analysis

  • 7.1 Key Player Comparison
  • 7.2 Market Share Analysis
  • 7.3 Investment Trends
  • 7.4 SWOT Analysis

• 8 Research Methodology

  • 8.1 Analysis Design
  • 8.2 Research Phases
  • 8.3 Study Timeline

• 9 Future Market Outlook

  • 9.1 Growth Forecast
  • 9.2 Market Evolution

• 10 Geographical Overview

  • 10.1 Europe - Market Analysis
    • 10.1.1 By Country
      • 10.1.1.1 UK
      • 10.1.1.2 France
      • 10.1.1.3 Germany
      • 10.1.1.4 Spain
      • 10.1.1.5 Italy
  • 10.2 Asia Pacific - Market Analysis
    • 10.2.1 By Country
      • 10.2.1.1 India
      • 10.2.1.2 China
      • 10.2.1.3 Japan
      • 10.2.1.4 South Korea
  • 10.3 Latin America - Market Analysis
    • 10.3.1 By Country
      • 10.3.1.1 Brazil
      • 10.3.1.2 Argentina
      • 10.3.1.3 Mexico
  • 10.4 North America - Market Analysis
    • 10.4.1 By Country
      • 10.4.1.1 USA
      • 10.4.1.2 Canada
  • 10.5 Rubber Masterbatch Market by Region
  • 10.6 Middle East & Africa - Market Analysis
    • 10.6.1 By Country
      • 10.6.1.1 Middle East
      • 10.6.1.2 Africa

• 11 Global Economic Factors

  • 11.1 Inflation Impact
  • 11.2 Trade Policies

• 12 Technology & Innovation

  • 12.1 Emerging Technologies
  • 12.2 AI & Digital Trends
  • 12.3 Patent Research

• 13 Investment & Market Growth

  • 13.1 Funding Trends
  • 13.2 Future Market Projections

• 14 Market Overview & Key Insights

  • 14.1 Executive Summary
  • 14.2 Key Trends
  • 14.3 Market Challenges
  • 14.4 Regulatory Landscape

Segments Analyzed in the Report

The global Rubber Masterbatch market is categorized based on

By Application

• Automotive
• Construction
• Electronics
• Industrial
• Others

By Distribution Channel

• Direct Sales
• Indirect Sales

By Ingredient Type

• Carbon Black
• Zinc Oxide
• Stearic Acid
• Sulfur
• Others

By Region

• Asia Pacific
• North America
• Latin America
• Europe
• Middle East & Africa

Key Players

• Continental Carbon
• Cabot Corporation
• Lanxess AG
• Kraton Corporation
• Hexpol AB
• Elastomer Solutions
• PMC Specialties Group
• Singapore Technologies Engineering Ltd
• Shenzhen Oulite Technology Co., Ltd.
• RTP Company
• DuPont de Nemours, Inc.
• Phillips Carbon Black Limited
• American Vinyl Company
• Goodyear Tire and Rubber Company
• Huntsman Corporation