Global Natural Rubber Market: Analysis and Forecast 2022-2027
Regional Category Spend, Primary Demand, Price Analysis and Indicators, and Best Buying Practices of the Natural Rubber Market
The global Natural Rubber industry produced a volume of 15.81 MMT in 2021. In the projection period of 2022-2027, the industry is expected to grow at a CAGR of around 4.8 percent, manufacturing a volume of around 21.06 MMT by 2027.
The Natural Rubber industry report broadly studies the industry, together with important segments, movements, drivers, constraints, the competitive landscape, and other critical market features.
The market is expanding because of increased natural rubber use in the automotive industry, as well as the growth and expansion of end-user verticals. The Asia Pacific is the biggest category spender by region which is impelling the demand for the Natural Rubber industry.
Natural Rubber: Industry Definition and Segmentation
Natural rubber, also known as India rubber, is made up of polymers of the organic composite isoprene, with tiny impurities of other chemical compounds. Plants produce natural rubber, which is categorized as a polymer. Rubber obtained from the latex of the rubber tree is generally abbreviated as NR.
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The Natural Rubber Market comprises segments:
- By Application: Tires and Related Products, Latex Products, Footwear, Non-Automotive engineering, Belting, and Hose
- By Region: North America, Europe, Asia Pacific, the Middle East, Africa, and South America
Snapshot of the Report
The regional markets for the industry can be divided into North America, Europe, Asia Pacific, the Middle East, and South America.
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The market is expanding as rubber-based surgical supplies, respirators, and pacemakers become more popular. Furthermore, the market’s growth is aided by the rising adoption of sustainable natural rubber methods that involve minimal deforestation and resource waste. Due to increased crude oil prices, a surge in demand for organically created rubber items would provide even more appealing and lucrative business opportunities.
The footwear sector is another key contributor to the increased demand for natural rubber. Natural rubber is used in the manufacture of footwear because of its durability, slip resistance, and tensile resistance. Natural rubber is utilised to manufacture a wide range of footwear, including casual, formal, and protective footwear.
Category Insight by Region
The Asia Pacific is the most important geographic market for natural rubber. Asian countries such as Thailand, Indonesia, and Malaysia are important supplier markets for the sector. Vietnam is also becoming an important sourcing location, with the potential to become a significant manufacturer in the Asia Pacific region in the next years.
The largest end-user of rubber is the automotive components industry, which uses a massive amount of rubber every year to make pipes, gaskets, automobile tyres, hoses, and other parts.
The rubber business is expected to profit from the rise of industrial and infrastructure industries in countries such as China, India, Brazil, Indonesia, Malaysia, Vietnam, and others. The Asia Pacific is a significant rubber market due to export-oriented manufacturing facilities and high domestic demand from a variety of end-user sectors.
The market is being driven by the rising automotive industry. The growing tyre market wants to shift production to low-cost producing countries such as India and China. Because it is more cost-effective, this will assist them in attracting greater consumer demand.
The largest end-user of rubber is the automotive components industry, which uses a massive amount of rubber every year to make pipes, gaskets, automobile tyres, hoses, and other parts. The rapid growth of developing economies, as well as increased per capita incomes among consumers in these countries, is driving greater demand for automobiles. The natural rubber sector is propelled by the increased need for latex products such as gloves, belts, catheters, condoms, and other industrial durables.
Natural rubber is becoming more popular because of its unique properties, such as metal adhesion and abrasion resistance, which make it suitable for producing seals, tyres, and other items. Natural rubber’s characteristics, such as high tensile strength, vibration dampening, and tear resistance, make it appropriate and preferable to synthetic rubber in the automotive sector and major constructions.
Best Procurement Practices
The global natural rubber Market by Procurement Resource gives an in-depth analysis of the best buying practices followed by the major customers of natural rubber products across the globe, such as engagement models, contract terms, and buyer and supplier negotiation levers, among others.
Category Management Studies
Tappers collect latex sap from rubber trees, which is then used to make rubber. Following that, the latex is washed and packaged in drums before being processed into sheets. To accomplish this, acid is applied to the latex, which causes it to cluster. This clumpy liquid can be rolled into sheets in a mill, then dried and smoked.
Following that, the latex sheets are pure vulcanised, which entails chemical treatment and gentle, moderate heating. When latex is ready to be made into smoked rubber sheets, companies add acid to it, which causes the substance to clump. In a mill, the tramped fluid is rolled into sheets. The water is removed from the sheets, which allows them to be dried and smoked. Finally, latex is completely vulcanised.
Key Supplier Profiles included in the Natural Rubber Market
The key market players are Sri Trang Agro-Industry Public Company Limited, Thai Rubber Latex Corporation, Von Bundit Co., Ltd., Halcyon Agri Corporation Limited, and Kuala Lumpur Kepong Berhad.
The report covers capacity additions, plant shutdowns, investments/divestments, mergers and acquisitions, and other latest developments in the market.
Also Check Other Industry Reports
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