According to the latest report by IMARC Group, titled “Natural Rubber Market: Global Industry Trends, Share, Growth, Opportunity and Forecast 2022-2027,” The global natural rubber market is expected to exhibit a CAGR of 3.57% during 2022-2027.
Natural rubber is an organic elastic hydrocarbon polymer that is obtained from latex. The latex is traditionally converted into a sheet through careful coagulation and subsequent milling processes on two roll mills. Some of the numerous advantages of natural rubber include excellent abrasion resistance and enhanced tensile and tear strength. As a result, it is extensively used in varied applications, such as rubber bands, adhesives, battery boxes, and automotive parts.
Market Trends:
The global market is majorly driven by the rising product demand from the automotive industry. Natural rubber is widely used to manufacture tires, engine mounts and wiper blades across the globe. Coupled with an enhanced focus on sustainable development, this is providing an impetus to the market growth. The market is further driven by the rising construction activities across the globe that require natural rubber for multiple applications due to its improved tear resistance, high tensile strength and exceptional vibration dampening properties. Other factors, including rapid industrialization, and increasing usage of sustainable technologies, have also created a positive outlook for the market.
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We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Apcotex Industries Limited
- Bridgestone Corporation
- Halcyon Agri Corporation Limited
- Michelin
- Sinochem Group
- Southland Rubber Company Limited
- Sri Trang Agro-Industry Plc
- Thai Hua Rubber Public Company Limited
- Thai Rubber Latex Group Public Company Limited
- Von Bundit Co. Ltd
The report has segmented the market on the basis on region, type, distribution channel, application.
Breakup by Type:
- RSS Grade
- Latex Concentrate
- Solid Block Rubber
- Others
Breakup by Distribution Channel:
- Online
- Offline
Breakup by Application:
- Auto-Tire Sector
- Gloves
- Footwear
- Latex Products
- Conveyor Belts
- Others
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
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