Global Natural Rubber Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Natural Rubber Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Rubber plays a vital role in the global economy, with major applications in the automotive, consumer goods, manufacturing, and medical industries. Natural rubber is collected from rubber trees, is transformed through remilling plants that wash it (removing leaves, insects, dirt, etc.), blend it (to ensure consistency), dry it and package it before selling it on in the form of either smoked rubber sheets or bales of rubber. The automotive industry (tire & tube) is the major segment which consumes largest share of natural rubber. Rubber markets have historically been centered in the Asia Pacific region and industry players produce and export to the other nations either as raw material or manufactured goods. Due to substitutability factor, natural rubber competes with synthetic rubber for the market demand.

Market Overview:

The latest research study on the global Natural Rubber market finds that the global Natural Rubber market reached a value of USD 34132.98 million in 2022. It’s expected that the market will achieve USD 62650.7 million by 2028, exhibiting a CAGR of 10.65% during the forecast period.The growth of the Natural Rubber market is largely driven by their increased demand from the tire industry and general rubber products industry. And this industry is affected by the policy and natural climate as well. Also, it is a labor-intense industry, and the labor supply and cost is a important factor need to be considered. So, the company who pretend to enter this industry need pay attention to those factors and then make their best decision. What is more, the company in this industry should pay attention to their R&D, innovation and services, then they may get the competition advantage, and get a bigger market share.

Tire industry

Tire industry is the largest application end of natural rubber. With its development, natural rubber trends will be closely related to the tire industry boom. Specifically, heavy truck sales in commercial vehicles is a very important tire demand indicator. And general rubber products in health care, construction, waterproof, dipping products, belts / hoses, etc. also is the driver of the natural rubber. It is especially obvious in the emerging market which the downstream industry is growing faster.

TOCOM rubber climbs on solid China data, strong Nikkei

Benchmark Tokyo rubber futures climbed for a second day on Tuesday, moving away from near two-month lows hit last week, as upbeat economic data from China, the world’s biggest buyer of the commodity, and higher stock prices fed appetite for risk. Healthy economic indicator from China, along with a lower yen and a Nikkei’s rally, helped improve risk appetite of investors.China’s manufacturing activity grew at the fastest pace since 2012 in September, as factories cranked up output to take advantage of strong demand and high prices, easing worries of a slowdown before a key political meeting this month

Region Overview:

Southeast Asia had the highest growth rate of all regions

Company Overview

Von Bundit, Sri Trang Agro-Industry, Guangdong Guangken Rubber Group, Southland Holding and Sinochem International Corporation (Halcyon Agri) are the five key players in the global Natural Rubber market. These companies have shown consistent growth in revenue, larger volumes of sales and a prominent presence in terms of share in the global Natural Rubber market in the past 5 years.

Segmentation Overview:

By type, Technically Specified Rubber (TSR) segment accounted for the largest share of market in 2021.

Application Overview:

By application, the Automobiles segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Natural Rubber market covered in Chapter 3:

Kuala Lumpur Kepong BerhadVietnam Rubber GroupKurian AbrahamVon BunditTradewinds Plantation BerhadSinochem International Corporation (Halcyon Agri)Yunnan State Farms GroupThai Rubber Latex CorporationFeltexTong Thai Rubber GroupBakrie Sumatera PlantationsSouthland HoldingSri Trang Agro-IndustryChina Hainan Rubber Industry GroupGuangdong Guangken Rubber GroupEnghuat IndustriesUnitex Rubber

In Chapter 4 and Chapter 14.2, on the basis of types, the Natural Rubber market from 2018 to 2029 is primarily split into:

Ribbed Smoked Sheet (RSS)Technically Specified Rubber (TSR)LatexOthers

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Natural Rubber market from 2018 to 2029 covers:

AutomobilesGlovesFoot WearBelting & HoseOthers

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)Latin America (Brazil, Mexico, Argentina)Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)