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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Rising Demand for Tyres to Drive the Market Growth of Natural Rubber
The natural rubber market is being driven by the increasing demand for tyres as well as latex goods like gloves, belts, catheters, condoms, and other industrial durables, among others. The growing market for these products is fuelling the demand for natural rubber as well.
The demand for natural rubber is aided by the growing economies like India and China, among others. The tyre manufacturers are planning to shift their production base to low-cost producing nations, like India, China, and others. This will help them garner more demand from the consumers as it would be more cost-effective. This plan would also drive the overall automobile sector further and provide an impetus to natural rubber demand. The demand for natural rubber is being supported by the rising demand from developing nations and their rising GDP.
The growing environmental consciousness is leading to the wide utilisation of natural rubber instead of synthetic rubber as it is plant-based, biodegradable, renewable, and has a minimal environmental impact during harvesting and manufacturing as no artificial colouring or chemical softeners are used. The advantages of natural rubber, like cost-effectiveness, flexibility, low odour, water resistance, and high tensile strength, are contributing to the natural rubber market expansion. The antibacterial characteristic of natural rubber is resulting in its increased utilisation to produce footwear and gloves that remain in close contact with the skin. Natural rubber is also considered ideal as a flooring material as it is slip-resistant, waterproof, easy to maintain and durable. The government initiatives towards offering financial assistance to motivate the growers to take up rubber cultivation and ensure the sustainability of the raw material are providing impetus to the market development. For instance, the National Rubber Policy 2019, India highlights the government’s efforts to bolster the production of natural rubber in the country. The report also mentions that a study team from Auto Tyres Manufacturing Association (ATMA) visited Tripura, an Indian state, to explore possibilities of augmenting the natural rubber production.
Natural Rubber Market Report Snapshots
Natural Rubber Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global natural rubber market attained a value of USD 31.68 billion.
The market is projected to grow at a CAGR of 3.5% between 2024 and 2032.
The major industry drivers include the rising GDP, increasing awareness about health and personal hygiene like gloves, condoms, growing automobiles sector, and efficient research and development undertakings and quality.
The rising demand from emerging economies for natural rubber and the increasing demand for tyres as well as latex goods are the key trends leading the market’s expansion.
The major regions in the industry are North America, Latin America, Europe, Middle East and Africa, and Asia Pacific with Asia Pacific accounting for the largest share in the market.
RSS grade, latex concentrate, and solid block rubber, among others are the various types of natural rubber in the market.
Natural rubber finds its application in tyres and related products, latex products, footwear, non-automotive, engineering, and belting and hose, among others.
The major players in the 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.
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United States (Head Office)
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+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124