The global Natural Rubber Market is expected to reach USD 33.87 Billion by 2027, according to a new report by Reports and Data. The growth of the market is attributed to the growing demand for natural rubber from end-use applications. Increasing demand for natural rubber in tire production is one of the significant factors influencing the market growth. The benefits of natural rubber comprises abrasion resistance and adhesion to metals, thereby making it suitable in making of seals, gaskets, and other products.
The report is furnished with the latest market scenario pertaining to the COVID-19 pandemic and its after-effects on the industry and the key segments. The pandemic has disrupted the workflow of the industry and created financial difficulties. The report assesses the complete impact of the pandemic on the market and offers key insights into the market scenario along with trends and demands disruptions. The report also offers an outlook on the market scenario in the forecast timeline.
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Key participants include Bridgestone, Michelin, Sinochem Group, Sri Trang Agro-Industry, Von Bundit, Halcyon Agri, Southland Rubber, Thaitex, Apcotex Industries Ltd., and Firestone Natural Rubber Company, among others.
Further key findings from the report suggest
- Ribbed Smoked Sheets (RSS) are coagulated rubber sheets processed from fresh field latex sourced from well-managed rubber plantations adopting modern processing methods. Domestically produced RSS rubber grades are in good demand for tires and other product manufacture, indicating their quality and market acceptability.
- By distribution channel, the online distribution channel is projected to grow at a faster rate of 4.5% in the period 2024-2027, as this mode of distribution has the advantage of providing a broader exposure to the product produced by the manufacturers, especially with the proliferation of smart devices and internet connectivity.
- By application, footwear held a substantial market size in 2019 and is likely to grow at a rate of 2.4% in the forecast period
- The market in the Asia Pacific region dominated the market in 2019 and is projected to grow at a rate of 2.9% in the forecast period. The market dominance of the APAC region is attributed to the rapid urbanization, rise in the level of disposable income, and growth of the end-use industries, particularly the automotive and footwear industry.
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For the purpose of this report, Reports and Data have segmented the global natural rubber market on the basis of product type, distribution channel, application, and region:
Product Type Outlook (Volume, Kilo Tons; 2017-2027 and Revenue, USD Million; 2017-2027)
- RSS Grade
- Latex Concentrate
- Solid Block
Distribution Channel Outlook (Volume, Kilo Tons; 2017-2027 and Revenue, USD Million; 2017-2027)
- Online
- Offline
Application Outlook (Volume, Kilo Tons; 2017-2027 and Revenue, USD Million; 2017-2027)
- Automobiles
- Gloves
- Footwear
- Belting & Hose
Regional Outlook (Volume, Kilo Tons; 2017-2027 and Revenue, USD Million; 2017-2027)
- North America
- U.S
- Europe
- U.K
- France
- Asia Pacific
- China
- India
- Japan
- Latin America
- Brazil
- MEA
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Objective of Studies:
- To provide country level analysis of the market with respect to the current market size and future prospective.
- To provide country level analysis of the market for segment by application, product type and sub-segments.
- To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market.
- To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the global Natural Rubber market.
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