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Natural Rubber Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Report Format: PDF+Excel | Report ID: SR112023A4337
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Market Overview:
The global natural rubber market is expected to exhibit a growth rate (CAGR) of 3.4% during 2023-2028.
Natural rubber is an organic elastic hydrocarbon polymer extracted from the latex sap of Hevea and Ficus genera trees. The latex is tapped and collected from the trunk of the trees and is commonly processed into vulcanized, gum elastic and caoutchouc rubber variants. Natural rubber is widely used in manufacturing a wide variety of products, such as automobile tires, toys, rug pads, surgical gloves, floatation devices, tubes, adhesives, roll coverings, hoses and gaskets. It exhibits various advantageous properties, such as high resiliency, vibration dampening, tensile strength, tear- and water resistance and low-temperature flexing capabilities. In comparison to the traditionally used synthetic rubber, natural rubber does not include petrochemicals and is non-sticky and environmentally friendly.
Natural Rubber Market Trends:
Significant growth in the automotive industry across the globe is one of the key factors creating a positive outlook for the market. Natural rubber is widely used for manufacturing premium-quality tires, seat belts, brake hoses, airbags, floor mats, bumpers and dust covers for enhanced performance, durability and reliability. Moreover, the widespread product utilization to produce casual, formal and protective footwear for adults and children with enhanced slip resistance, design flexibility and durability is providing a thrust to the market growth. In line with this, the increasing preference for rubber-based surgical supplies, respirators and pacemakers is also contributing to the growth of the market. Additionally, the increasing utilization of sustainable technologies for sourcing natural rubber with zero or minimal deforestation and wastage of resources is also favoring the growth of the market. Other factors, including rapid industrialization, especially in the emerging economies, along with the increasing expenditure capacities of the consumers, are anticipated to drive the market toward growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global natural rubber market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, distribution channel and 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
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Apcotex Industries Limited, Bridgestone Corporation, Halcyon Agri Corporation Limited, Michelin Group, Sinochem Group, Southland Rubber Company Limited, Sri Trang Agro-Industry Plc, Thai Hua Rubber Public Company Limited, Thai Rubber Latex Group Public Company Limited and Von Bundit Co. Ltd.
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2022 |
| Historical Period | 2017-2022 |
| Forecast Period | 2023-2028 |
| Units | US$ Billion |
| Segment Coverage | Type, Distribution Channel, Application, Region |
| Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered | Apcotex Industries Limited, Bridgestone Corporation, Halcyon Agri Corporation Limited, Michelin Group, Sinochem Group, Southland Rubber Company Limited, Sri Trang Agro-Industry Plc, Thai Hua Rubber Public Company Limited, Thai Rubber Latex Group Public Company Limited and Von Bundit Co. Ltd. |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 2499 Five User License: US$ 3499 Corporate License: US$ 4499 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
We expect the global natural rubber market to exhibit a CAGR of 3.4% during 2023-2028.
The increasing utilization of sustainable technology for sourcing natural rubber with minimal deforestation and wastage is primarily driving the global natural rubber market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary halt in numerous production activities for natural rubber.
Based on the distribution channel, the global natural rubber market has been segmented into online and offline. Currently, offline holds the majority of the total market share.
Based on the application, the global natural rubber market can be divided into auto-tire sector, gloves, footwear, latex products, conveyor belts, and others. Among these, the auto-tire sector currently exhibits a clear dominance in the market.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Asia-Pacific currently dominates the global market.
Some of the major players in the global natural rubber market include Apcotex Industries Limited, Bridgestone Corporation, Halcyon Agri Corporation Limited, Michelin Group, Sinochem Group, Southland Rubber Company Limited, Sri Trang Agro-Industry Plc, Thai Hua Rubber Public Company Limited, Thai Rubber Latex Group Public Company Limited, and Von Bundit Co. Ltd.
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