The global Natural Rubber market reached a value of about 15.81 MMT in 2021. The industry is projected to grow at a CAGR of around 4.8% in the forecast period of 2022-2027 to reach a value of about 21.06 MMT by 2027.
The global Natural Rubber industry report gives a comprehensive analysis of the industry, including key segments, trends, drivers, restraints, the competitive landscape, and other essential market aspects. The market is growing due to the increased application of natural rubber by the automotive sector and the growth and expansion of end-user verticals. In the industry report, the key demand indicator is the highest category spender by region—Asia Pacific.
Natural rubber, also known as India rubber, is made up of polymers of the organic compound isoprene, with tiny impurities of other chemical compounds. Plants create natural rubber, which is categorised as a polymer. Rubber derived from the latex of the rubber tree is commonly abbreviated as NR. The Natural Rubber industry report comprises segments by application (Tires and Related products, Latex Products, Footwear, Non-Automotive Engineering, Belting, and hose) and region (North America, Europe, Asia Pacific, the Middle East, and Africa, and South America).
Natural rubber's most significant geographic market is the Asia Pacific. The industry's key supplier markets include Asian nations such as Thailand, Indonesia, and Malaysia. Vietnam is also becoming a vital sourcing area and, in the following years, might become a significant manufacturer in the Asia Pacific region. The automotive parts sector, which utilises a tremendous amount of rubber every year to create pipes, gaskets, automobile tyres, hoses, and other parts, is the largest end-user of rubber. The expansion of industrial and infrastructural industries in countries such as China, India, Brazil, Indonesia, Malaysia, Vietnam, and others is predicted to benefit the rubber industry. Due to export-oriented manufacturing facilities and high domestic demand from diverse end-user sectors, Asia Pacific is a prominent rubber market.
The growing automotive industry is driving the market. The expanding tyre market intends to move production to low-cost producing countries like India, China, and others. This will help them get more consumer demand because it is more cost-effective. The automotive parts sector, which utilises a tremendous amount of rubber every year to create pipes, gaskets, automobile tyres, hoses, and other parts, is the largest end-user of rubber. The vigorous expansion of developing economies and the rising per capita income of consumers in these nations is driving up demand for vehicles. The growing need for latex items, including gloves, belts, catheters, condoms, and other industrial durables, propels the natural rubber industry. Natural rubber's popularity is growing due to its unique features, such as adherence to metals and resilience to abrasion, which make it ideal for building seals, tyres, and other products. Natural rubber's qualities, such as high tensile strength, vibration dampening, and tear resistance, make it suitable and preferable to synthetic rubber in the car industry and significant structures.
However, the availability of replacements such as synthetic rubber is likely to hinder the market's growth.
The global Natural Rubber industry report by Procurement Resource gives an in-depth analysis of the best buying practices followed by major global Natural Rubber regions, such as engagement models, contract terms, and buyer and supplier negotiation levers, among others.
Rubber manufacturing technically begins with tapping latex sap from rubber trees by tappers. The latex is then cleansed and packaged into drums prior to being processed into sheets. To do this, acid is added to the latex, causing it to cluster together. In a mill, this clumpy fluid can be rolled into sheets, then dried and smoked. The latex sheets are next pure vulcanised, which involves chemical treatment and mild, moderate heating. Companies add acid to latex when it's ready to be manufactured into smoked rubber sheets—the substance clumps due to this. The tramped fluid is rolled into sheets in a mill. This eliminates the water from the sheets, allowing them to be dried and smoked. Latex is finally pure vulcanised. Chemical treatments and low-temperature mild heating are used in the prevulcanization process. Further heating transforms the substance into firm, black rubber.
The market is growing due to the rising popularity of rubber-based surgical supplies, respirators, and pacemakers. Furthermore, the increased use of sustainable methods for getting natural rubber with zero or low deforestation and resource waste boosts the market's growth. An increase in the demand for organically made rubber goods due to rising crude oil prices would provide even more attractive and remunerative business prospects. Another significant contributor to the rising demand for natural rubber is the footwear industry. Natural rubber is utilised in footwear production because of its characteristics such as durability, slip resistance, and tensile resistance. Natural rubber is used in the footwear industry to make a variety of footwear, including casual, formal, and protective footwear. Other factors, such as increased industrialisation, particularly in emerging markets, and rising consumer spending power, propel the industry forward.
The regional markets for the industry can be divided into Europe, North America, the Asia Pacific, South America, and the Middle East and Africa.
By distribution channel, the online distribution channel is expected to grow at a fast pace as this mode of distribution has the advantage of providing a broader exposure to the manufacturers' products, especially with the proliferation of smart devices and internet connectivity. Furthermore, synthetic rubber is predicted to create the most income in numerous applications such as tyres, footwear, and industrial items due to its better features such as abrasion resistance, elasticity, and toughness. Also, the tyre industry is expected to grow at a high rate.
1. Executive Summary
2. Global Natural Rubber Market Snapshot
2.1. Natural Rubber Market Outlook
2.2. Natural Rubber Industry Analysis by Application
2.2.1. Tires and Related products
2.2.2. Latex Products
2.2.4. Non-Automotive Engineering
2.2.5. Belting and hose
2.3. Country Overview
3. Impact of Recent Events
4. Natural Rubber Value Chain Analysis
5. Natural Rubber Production Process
6. Trade Analysis
7. Major Risk Factors in Sourcing
8. Natural Rubber Cost Structure
9. Natural Rubber Price Analysis
10. Key Demand Indicator Analysis
11. Key Price Indicator Analysis
12. Natural Rubber Market Dynamics
12.1. Drivers & Constraints
12.2. Industry Events
12.3. Innovations & Trends
12.4. SWOT Analysis
12.5. Porter’s Five Forces
12.5.1. Buyer Power
12.5.2. Supplier Power
12.5.3. Threat of New entrants
12.5.4. Threat of Substitutes
12.5.5. Industry Rivalry
13. Feedstock Market Analysis
13.1. Market Overview
13.2. Price Analysis
14. Industry Best Practices
14.1. Sourcing Strategy
14.2. Procurement Model
14.3. Contract Structure
14.4. Negotiation Levers
14.5. Pricing Model
14.6. Key Factors Influencing the Quotation
15. Key Supplier Analysis
15.1. Sri Trang Agro-Industry Public Company Limited
15.2. Thai Rubber Latex Corporation
15.3. Von Bundit Co., Ltd.
15.4. Halcyon Agri Corporation Limited
15.5. Kuala Lumpur Kepong Berhad
The global Natural Rubber market size was valued at 15.81 MMT in 2021.
As per the application provided, the Tyres and related products segment is anticipated to lead the market between the period 2022 – 2027.
The significant demand for rubber in the manufacturing of tyres in the automotive sector is one of the essential drivers of the Natural Rubber market growth.
Sri Trang Agro-Industry Public Company Limited, Thai Rubber Latex Group Public Company Limited, Von Bundit Co., Ltd., Halcyon Agri Corporation Limited and Southland Rubber Group are some of the leading players in the market.
The Asia Pacific region of the Natural Rubber industry holds a significant share in the market.
The global Natural Rubber market attained a value of 15.81 MMT in 2021, driven by the rising automotive industry in the Asia Pacific region. The product's application in the manufacturing of latex products such as gloves, condoms, etc., is furthering the industry’s growth. In addition, the material is used to make products like footwear and masks, etc., which are likely to impact the market positively. As a result, the market is expected to witness further growth in the forecast period of 2022-2027, growing at a CAGR of 4.8%. The market is projected to reach 21.06 MMT by 2027.
Procurement Resources' detailed research approach explores deep into the industry, encompassing the macro and micro aspects of the industry. Its team of experts uses cutting-edge analytical tools and their expertise, thus, delivering its customers with market insights that are accurate actionable and help them remain ahead of their competition. Some of the leading players in the industry are Sri Trang Agro-Industry Public Company Limited, Thai Rubber Latex Group Public Company Limited, Von Bundit Co., Ltd., Halcyon Agri Corporation Limited, Southland Rubber Group.
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