Global Natural Rubber Market, By Type (RSS Grade, Latex Concentrate, Solid Block Rubber and Others), Application (Auto-Tire Sector, Gloves, Footwear, Latex Products and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights of Natural Rubber Market
Data Bridge Market Research analyses that the natural rubber market will witness a CAGR of 4.55% for the forecast period of 2021-2028. Rising demand and application of medical gloves especially in the developing economies, increasing application of natural rubber by the automotive industry and growth and expansion of the end user verticals are the major factors attributable to the growth of the natural rubber market.
Natural rubber, also known as India rubber, gum elastic, or caoutchouc, is an elastic material derived from the latex sap of trees. The latex is purified to make rubber ready for commercial applications. Generally the latex is obtained from trees belonging to the hevea and ficus genera by the process known as tapping. Natural rubber possesses high elasticity and is an elastic hydrocarbon polymer or an elastomer. Natural rubber is most commonly used in manufacturing products such as tires, crap tubes, adhesives, roll coverings, hoses and gaskets. Natural rubber exhibits high resilience, good tensile strength, tear resistance and good flexing qualities at low temperatures which makes it ideal for a wide range of other applications.
Increasing demand for natural rubber based products such as latex gloves and condoms is the root cause fuelling up the natural rubber market growth rate. Rising demand of naturally formulated rubber products due to a surge in the pricing of crude oil will further create lucrative and remunerative growth opportunities for the natural rubber market. Rising industrialization and increasing demand for natural rubber products due to a surge in the automotive industry will further induce growth in the demand for natural rubber. Increased application of natural rubber in the Asia-Pacific will also act as an important natural rubber market growth determinant.
However, availability of substitutes such as synthetic rubber will restrict the scope of growth for the natural rubber market. Also, fluctuations in the currency rates will act as another natural rubber market growth restraint. High raw material prices will also derail the market growth rate. Natural rubber gets damaged under the action of strong acid, ozone, oils, greases and fats and this will restrict the scope of growth.
This natural rubber market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on natural rubber market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Natural Rubber Market Scope and Market Size
The natural rubber market is segmented on the basis of type and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of type, the natural rubber market is segmented into RSS grade, latex concentrate, solid block rubber and others.
- On the basis of application, the natural rubber market is segmented into auto-tire sector, gloves, footwear, latex products and others. Others segment is sub-segmented into other automotive parts, conveyor belts, rubber pipes, general and industrial rubber goods.
Global Natural Rubber Market Country Level Analysis
Global natural rubber market is analysed and market size, volume information is provided by country, type and application as referenced above.
The countries covered in the natural rubber market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the natural rubber market and will continue to flourish its trend of dominance during the forecast period where Thailand, Indonesia and Malaysia will emerge as the major contributors. This is because these countries are the major suppliers of natural rubber across the globe. Increased application of natural rubber based products such as medical gloves by the healthcare industry will also propel growth in the natural rubber market value. Rising demand for the product by automotive industry will induce growth in the natural rubber market value.
The country section of the natural rubber market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Natural Rubber Market Share Analysis
The natural rubber market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to natural rubber market.
The major players covered in the natural rubber market report are Sri Trang Agro-Industry Plc, Ceyenar, Hainan Natural Rubber Industry Group Co., Ltd., Southland Global, KA-Glove, Thai Hua Rubber PCL, Von Bundit Co., Ltd., THAI RUBBER LATEX GROUP PUBLIC COMPANY LIMITED, Goodyear Rubber Company of Southern California, Duratuf Products Private Limited, Rolex Reclaim Pvt. Ltd., Kent Elastomer Products, PT. Bakrie Sumatera Plantations tbk, Unitex Rubber Co., Ltd., HALCYON AGRI, Bridgestone Corporation, SINOCHEM GROUP CO., LTD., FIRESTONE LIBERIA and PT. Indolatex Jaya Abadi among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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