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
Breakup by Distribution Channel:
Breakup by Application:
- Auto-Tire Sector
- Latex Products
- Conveyor Belts
Breakup by Region:
- North America
- South Korea
- United Kingdom
- Latin America
- Middle East and Africa
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.
|Base Year of the Analysis
||Type, Distribution Channel, Application, Region
|| Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
||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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