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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Leading Companies in the Rubber Market
Market players are focused on collaborations to gain a competitive advantage, with many companies investing in new product launches and mergers and acquisitions to expand their product portfolios
Arlanxeo is a world-leading synthetic rubber company with a significant presence globally. Founded in 1990, it has its headquarters in Germany and employs around 3,900 people. Arlanxeo operates at 12 production sites worldwide, making it a significant player.
Kumho Petrochemical is a major petrochemical company based in Seoul, South Korea. Established in 1970, it has a strong presence in the production of synthetic rubbers. Its product portfolio includes synthetic rubbers, synthetic resins, speciality chemicals, electronic materials, nanocarbon, energy, and building materials.
LG Chem is a major chemical company based in Seoul, South Korea. Founded in 1958, it has a strong focus on expanding its production capacity for nitrile butadiene latex (NBL) to become the world's top latex maker. The company aims to increase its annual capacity to over 1 million tonnes by 2025, further impacting the rubber market growth.
TSRC Corporation is a leading manufacturer of synthetic rubber and applied polymers in the Asia-Pacific region. Founded in 1973 and headquartered in Taiwan, East Asia. TSRC operates across Asia, North America, and Europe, with production bases in China, Thailand, and Taiwan itself.
Other key players in the global rubber market include Von Bundit Co., Ltd., Sri Trang Agro-Industry Plc., and Southland Holding Company, among others.
Rubber Market Report Snapshots
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
The rubber market value is expected to grow at a CAGR of 5.0% between 2024 and 2032.
The major drivers of the market include the rising construction activities, superior properties of rubber, such as abrasion resistance, high heat resistance, and the development of novel products.
The important uses of rubber in different industries such as aerospace, medical, defence, printing, automotives, and agriculture and rising tire production are the key trends propelling the market's growth.
Regions considered in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The different types of rubber in the market are natural rubber and synthetic rubber.
The major applications of the market are auto-tyre sector, non-tyre automotive, footwear, electrical and electronics, among others.
Latex, a milky liquid found in the latex vessels (ducts) or in the cells of rubber-producing plants, is the source of natural rubber. Only 2,500 of the approximately 20,000 plant species that produce latex have been found to have rubber in their latex.
Key players in the market are Arlanxeo, Kumho Petrochemical, TSRC Corporation, LG Chem, Von Bundit Co., Ltd., Sri Trang Agro-Industry Plc., and Southland Holding Company, among others.
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+91-858-608-1494
Philippines
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+63 287899028, +63 967 048 3306
United Kingdom
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+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124