Global Natural Rubber Market Report and Forecast 2023-2028

Global Natural Rubber Market Report and Forecast 2023-2028


Market Outlook

According to the report by Expert Market Research (EMR), the global natural rubber market reached a value of USD 30.61 billion in 2022. Aided by the growing demand in various sectors such as automotive, footwear, and healthcare, the market is projected to further grow at a CAGR of 3.5% between 2023 and 2028 to reach a value of USD 37.63 billion by 2028.

Natural rubber, harvested primarily from the latex of rubber trees, is a biodegradable and renewable resource. It is highly valued for its resilience, elasticity, and excellent tensile strength, making it a critical material for a wide range of industries.

The automotive sector is a central consumer of natural rubber, predominantly in tire production. Tires made with natural rubber are renowned for their durability and grip, which are vital for vehicle safety. As global vehicle ownership rises, driven by increased income levels particularly in emerging economies, the demand for tires, and consequently natural rubber, is expected to grow steadily. Over the forecast period, the anticipated increase in sale of electric vehicles is likely to boost the natural rubber market size.

Natural rubber’s resistance to wear and tear, coupled with its flexibility, makes it an ideal material for various industrial applications, including conveyor belts, hoses, and seals. Its exceptional damping properties make it essential in anti-vibration mountings for machinery, thereby playing a vital role in modern manufacturing operations.

Healthcare sector is generating a heightened natural rubber market demand. Natural rubber is a key material for the production of latex gloves, catheters, and other medical devices. The COVID-19 pandemic highlighted the critical role of natural rubber as demand for personal protective equipment surged globally, reflecting the material’s significance in times of crisis.

The Asia Pacific region, led by Thailand, Indonesia, and Vietnam, dominates the natural rubber production landscape. The region’s tropical climate is conducive to rubber tree cultivation, accounting for the majority of the world’s natural rubber supply. Africa and Latin America are also notable players, with countries like Côte d'Ivoire and Brazil making substantial contributions to global output.

Looking ahead, the natural rubber market growth is likely to reach new heights. Despite challenges related to sustainability and competition from synthetic alternatives, natural rubber’s unique properties ensure its continued relevance across a variety of sectors.

Market Segmentation

The market can be divided based on type, application, and region.

Market Breakup by Type
  • RSS Grade
  • Latex Concentrate
  • Solid Block Rubber
  • Others
Market Breakup by Application
  • Tyres and Related Products
  • Latex Products
  • Footwear
  • Non-Automotive
  • Engineering
  • Belting and Hose
  • Others
Market Breakup by Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global natural rubber market. Some of the major players explored in the report by Expert Market Research are as follows:
  • 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
  • WEBER & SCHAER GmbH & Co. KG
  • Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.


1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Natural Rubber Market Analysis
8.1 Key Industry Highlights
8.2 Global Natural Rubber Historical Market (2018-2022)
8.3 Global Natural Rubber Market Forecast (2023-2028)
8.4 Global Natural Rubber Market by Type
8.4.1 RSS Grade
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Latex Concentrate
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Solid Block Rubber
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.4.4 Others
8.5 Global Natural Rubber Market by Application
8.5.1 Tyres and Related Products
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Latex Products
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Footwear
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Non-Automotive
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2022)
8.5.4.3 Forecast Trend (2023-2028)
8.5.5 Engineering
8.5.5.1 Market Share
8.5.5.2 Historical Trend (2018-2022)
8.5.5.3 Forecast Trend (2023-2028)
8.5.6 Belting and Hose
8.5.6.1 Market Share
8.5.6.2 Historical Trend (2018-2022)
8.5.6.3 Forecast Trend (2023-2028)
8.5.7 Others
8.6 Global Natural Rubber Market by Region
8.6.1 North America
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Europe
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Asia Pacific
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Latin America
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2022)
8.6.4.3 Forecast Trend (2023-2028)
8.6.5 Middle East and Africa
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2022)
8.6.5.3 Forecast Trend (2023-2028)
9 North America Natural Rubber Market Analysis
9.1 Market by Type
9.2 Market by Application
9.3 Market by Country
9.3.1 United States of America
9.3.1.1 Market Share
9.3.1.2 Historical Trend (2018-2022)
9.3.1.3 Forecast Trend (2023-2028)
9.3.2 Canada
9.3.2.1 Market Share
9.3.2.2 Historical Trend (2018-2022)
9.3.2.3 Forecast Trend (2023-2028)
10 Europe Natural Rubber Market Analysis
10.1 Market by Type
10.2 Market by Application
10.3 Market by Country
10.3.1 United Kingdom
10.3.1.1 Market Share
10.3.1.2 Historical Trend (2018-2022)
10.3.1.3 Forecast Trend (2023-2028)
10.3.2 Germany
10.3.2.1 Market Share
10.3.2.2 Historical Trend (2018-2022)
10.3.2.3 Forecast Trend (2023-2028)
10.3.3 France
10.3.3.1 Market Share
10.3.3.2 Historical Trend (2018-2022)
10.3.3.3 Forecast Trend (2023-2028)
10.3.4 Italy
10.3.4.1 Market Share
10.3.4.2 Historical Trend (2018-2022)
10.3.4.3 Forecast Trend (2023-2028)
10.3.5 Others
11 Asia Pacific Natural Rubber Market Analysis
11.1 Market by Type
11.2 Market by Application
11.3 Market by Country
11.3.1 China
11.3.1.1 Market Share
11.3.1.2 Historical Trend (2018-2022)
11.3.1.3 Forecast Trend (2023-2028)
11.3.2 Japan
11.3.2.1 Market Share
11.3.2.2 Historical Trend (2018-2022)
11.3.2.3 Forecast Trend (2023-2028)
11.3.3 India
11.3.3.1 Market Share
11.3.3.2 Historical Trend (2018-2022)
11.3.3.3 Forecast Trend (2023-2028)
11.3.4 ASEAN
11.3.4.1 Market Share
11.3.4.2 Historical Trend (2018-2022)
11.3.4.3 Forecast Trend (2023-2028)
11.3.5 South Korea
11.3.5.1 Market Share
11.3.5.2 Historical Trend (2018-2022)
11.3.5.3 Forecast Trend (2023-2028)
11.3.6 Australia
11.3.6.1 Market Share
11.3.6.2 Historical Trend (2018-2022)
11.3.6.3 Forecast Trend (2023-2028)
11.3.7 Others
12 Latin America Natural Rubber Market Analysis
12.1 Market by Type
12.2 Market by Application
12.3 Market by Application
12.3.1 Brazil
12.3.1.1 Market Share
12.3.1.2 Historical Trend (2018-2022)
12.3.1.3 Forecast Trend (2023-2028)
12.3.2 Argentina
12.3.2.1 Market Share
12.3.2.2 Historical Trend (2018-2022)
12.3.2.3 Forecast Trend (2023-2028)
12.3.3 Mexico
12.3.3.1 Market Share
12.3.3.2 Historical Trend (2018-2022)
12.3.3.3 Forecast Trend (2023-2028)
12.3.4 Others
13 Middle East and Africa Natural Rubber Market Analysis
13.1 Market by Type
13.2 Market by Application
13.3 Market by Country
13.3.1 Saudi Arabia
13.3.1.1 Market Share
13.3.1.2 Historical Trend (2018-2022)
13.3.1.3 Forecast Trend (2023-2028)
13.3.2 United Arab Emirates
13.3.2.1 Market Share
13.3.2.2 Historical Trend (2018-2022)
13.3.2.3 Forecast Trend (2023-2028)
13.3.3 Nigeria
13.3.3.1 Market Share
13.3.3.2 Historical Trend (2018-2022)
13.3.3.3 Forecast Trend (2023-2028)
13.3.4 South Africa
13.3.4.1 Market Share
13.3.4.2 Historical Trend (2018-2022)
13.3.4.3 Forecast Trend (2023-2028)
13.3.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Trade Data Analysis (HS Code – 4001)
16.1 Major Importing Countries
16.1.1 By Value
16.1.2 By Volume
16.2 Major Exporting Countries
16.2.1 By Value
16.2.2 By Volume
17 Price Analysis
18 Competitive Landscape
18.1 Market Structure
18.2 Company Profiles
18.2.1 Sri Trang Agro-Industry Public Company Limited
18.2.1.1 Company Overview
18.2.1.2 Product Portfolio
18.2.1.3 Demographic Reach and Achievements
18.2.1.4 Certifications
18.2.2 Halcyon Agri Corporation Limited
18.2.2.1 Company Overview
18.2.2.2 Product Portfolio
18.2.2.3 Demographic Reach and Achievements
18.2.2.4 Certifications
18.2.3 Thai Rubber Latex Group Public Company Limited
18.2.3.1 Company Overview
18.2.3.2 Product Portfolio
18.2.3.3 Demographic Reach and Achievements
18.2.3.4 Certifications
18.2.4 Southland Holding Company
18.2.4.1 Company Overview
18.2.4.2 Product Portfolio
18.2.4.3 Demographic Reach and Achievements
18.2.4.4 Certifications
18.2.5 Titi Latex Sdn Bhd
18.2.5.1 Company Overview
18.2.5.2 Product Portfolio
18.2.5.3 Demographic Reach and Achievements
18.2.5.4 Certifications
18.2.6 KL-Kepong Rubber Products Sdn
18.2.6.1 Company Overview
18.2.6.2 Product Portfolio
18.2.6.3 Demographic Reach and Achievements
18.2.6.4 Certifications
18.2.7 Von Bundit Co., Ltd.
18.2.7.1 Company Overview
18.2.7.2 Product Portfolio
18.2.7.3 Demographic Reach and Achievements
18.2.7.4 Certifications
18.2.8 Sinochem International Corporation
18.2.8.1 Company Overview
18.2.8.2 Product Portfolio
18.2.8.3 Demographic Reach and Achievements
18.2.8.4 Certifications
18.2.9 WEBER & SCHAER GmbH & Co. KG
18.2.9.1 Company Overview
18.2.9.2 Product Portfolio
18.2.9.3 Demographic Reach and Achievements
18.2.9.4 Certifications
18.2.10 Others
19 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Natural Rubber Market: Key Industry Highlights, 2018 and 2032
2. Global Natural Rubber Historical Market: Breakup by Type (USD Million), 2018-2022
3. Global Natural Rubber Market Forecast: Breakup by Type (USD Million), 2023-2028
4. Global Natural Rubber Historical Market: Breakup by Application (USD Million), 2018-2022
5. Global Natural Rubber Market Forecast: Breakup by Application (USD Million), 2023-2028
6. Global Natural Rubber Historical Market: Breakup by Region (USD Million), 2018-2022
7. Global Natural Rubber Market Forecast: Breakup by Region (USD Million), 2023-2028
8. North America Natural Rubber Historical Market: Breakup by Country (USD Million), 2018-2022
9. North America Natural Rubber Market Forecast: Breakup by Country (USD Million), 2023-2028
10. Europe Natural Rubber Historical Market: Breakup by Country (USD Million), 2018-2022
11. Europe Natural Rubber Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Asia Pacific Natural Rubber Historical Market: Breakup by Country (USD Million), 2018-2022
13. Asia Pacific Natural Rubber Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Latin America Natural Rubber Historical Market: Breakup by Country (USD Million), 2018-2022
15. Latin America Natural Rubber Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Middle East and Africa Natural Rubber Historical Market: Breakup by Country (USD Million), 2018-2022
17. Middle East and Africa Natural Rubber Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Major Exporting Countries by Value
19. Major Importing Countries by Value
20. Major Exporting Countries by Volume
21. Major Importing Countries by Volume
22. Global Natural Rubber Market Structure

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