Global Natural Rubber Market to Grow at a CAGR of 3.5% in the Forecast Period of 2024-2032

The Asia Pacific region is the largest market in the global natural rubber market owing to the rapid growth of the automobile industry and the increasing demand for latex products, namely gloves, toys, condoms, and other products. The growth in the regional automobile industry has led to an increase in demand for tyres, which in turn, is driving the growth of the natural rubber market in the Asia Pacific region, mainly in countries like India and China. In India, a 10% growth in the rubber output was seen in 2020 as compared to 2018, with the volume rising from 648,000 tons to 750,000 in just one year. The major supply markets in the Asia Pacific region are countries like Thailand, Indonesia, and Malaysia, with Thailand contributing 37% to the total market value, which is the leading share in the market.

Sri Trang Agro-Industry Public Company Limited and Sumitomo Rubber Industries, Ltd. (OTCMKTS: SMTUF) are some of the major suppliers in the global natural rubber market. In March 2021, Sumitomo Rubber Industries, Ltd. announced that it had developed “Reduced Odor Natural Rubber” through its proprietary raw material processing technique at its plant in Thailand. Such developments in the market are expected to support the growth of the market in the coming years.

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Market Analysis by Type, Application, and Region:

• Based on type, the market is segmented into RSS grade, latex concentrate, and solid block rubber, among others.
• On the basis of application, the global natural rubber market can be divided into latex products, tyres and related products, footwear, non-automotive, engineering, and belting and hose, among others.
• The regional markets for natural rubber include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

• The global natural rubber market is mainly driven by the increasing demand for latex products such as gloves, toys, industrial durables, etc. and also by the increasing demand for tyres and related products.
• India and China are some of the largest consumers of natural rubber products.
• Thailand, Malaysia, and Indonesia are among the largest producers of natural rubber products.
• The increasing GDP of the developing countries is leading to an increase in demand for rubber products, which is further aiding the growth of the market.

Key Offerings of the Report:

• The EMR report gives an overview of the global natural rubber market for the periods (2018-2023) and (2024-2032).
• The report also offers the historical (2018-2023) and forecast (2024-2032) markets for the application and regional markets of natural rubber.
• It assesses the regional price trends for natural rubber and its feedstock for the (2018-2023) and (2024-2032) periods.
• The market report also analyses the trade data by covering the major importing and exporting countries.
• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global natural rubber market are Sri Trang Agro-Industry Public Company Limited, Halcyon Agri Corporation Limited, Thai Rubber Latex Group Public Company Limited, Southland Holding Company, Titi Latex Sdn Bhd, KL-Kepong Rubber Products Sdn, Von Bundit Co., Ltd., Sinochem International Corporation, and WEBER & SCHAER GmbH & Co. KG, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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