May 19, 2024

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Natural Rubber Market 2027: Overview, Analysis, Trends, Demand and Key Players

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

Ask Analyst for Customization and Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/natural-rubber-market

If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.

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