Rubber is the most widely used raw material in various industries and sectors. Rubber is broadly segmented into natural rubber, which is obtained from milky liquid (latex) of rubber trees, while synthetic rubber is an artificial elastomer derived from natural gas, oil, and coal. Use of rubber in various applications and industries, including healthcare and medical sector, automotive, packaging, manufacturing, automotive sector, construction, and textiles has been increasing rapidly owing to expansion of the range of products being produced using this versatile material. In addition, increasing usage of rubber in footwear manufacturing for waterproofing and protection against chemicals is also fueling global market growth. Moreover, increasing investments by major players to develop more innovative products to enhance their respective product portfolio is another major factor fueling market growth.
Top Companies Operating in the Global Natural Rubber Market:
Von Bundit Co. Ltd., Sri Trang Agro-Industry, Southland Holdings, Thai Hua Rubber, Tradewinds Plantation Berhad, Tong Thai Rubber Group, Thai Rubber Latex Corporation, Halcyon Agri Unitex Rubber Co., Ltd., Indolatex Jaya Abadi, Hevea-Tec, KLPK, Bakrie Sumatera Plantations, Kuala Lumpur Kepong Berhad, Enghuat Industries, Basil Rubber Factory, Edathala Polymers Limited, Kavanar Latex Ltd., Paesukchuen Rubber Co., Ltd., Sinochem International Corporation, Yunnan State Farms Group, and Guangdong Guangken Rubber Group Co., Ltd.
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Market Overview:
Consumers are placing a higher importance on sustainability and, as a result, are choosing items based on factors like circularity and carbon footprint. Furthermore, consumer concern about carbon emissions has prompted increased investment in renewable energy, energy efficiency, and transportation decarbonization. These developments have had considerable impact on chemical end sectors, particularly in the automobile and construction industries. COVID-19 has exacerbated the situation by lowering the automobile and construction industries (as well as many others) and disrupting current supply lines.
The adoption of digital technologies by oil, gas, and chemical firms has been fueled primarily by cost savings and greater reliability. Many organizations in these areas saw excellent benefits from advanced market sensing, improved operational optimization, and expanded usage of "in silico" simulations. Companies' existing digital technologies provided an advantage with the abrupt entrance of COVID-19 and the accompanying shutdown of facilities and work sites, but they were often insufficient for the level of remote working and cybersecurity that was suddenly required.
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The Natural Rubber Market has been segmented into key regions of the world and offers an analysis of growth rate, market share, current and emerging trends, production and consumption ratio, industrial chain analysis, demand and supply, import and export, revenue contribution, and presence of key players in each region. A country-wise analysis of the market is offered in the report to gain a better understanding of the regional spread and progress of the Natural Rubber Market.
The global Natural Rubber Market is segmented into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Type Outlook (Revenue, USD Billion; 2018 – 2028)
- Natural
- Synthetic
Application Outlook (Revenue, USD Billion; 2018 – 2028)
- Automotive
- Tire
- Non-Tire
- Footwear
- Medical
- Industrial Goods
- Others
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