The global natural rubber market is led by the Asia Pacific region, which is driven by the rapidly increasing automobile industry and the rising demand for latex products such as condoms, gloves, etc. The Asia Pacific countries, such as Thailand, Malaysia, and Indonesia are the major supply markets in the region, Thailand being the largest market, accounting for 37% of the market share. The natural rubber market is supported by the growing demand for tyres due to the rapid growth of the automobile sector in the region, particularly in emerging economies such as India and China.
The Bridgestone Corp (OTCMKTS: BRDCY) and Cie Gnrl des Etblsmnts Michelin SCA (EPA: ML) are the major tyre companies consuming natural rubber, thus, further driving the natural rubber market. In the coming years, sustainability initiatives undertaken by the major companies is expected to be a significant trend in the industry. In 2018, Halcyon Agri Corporation Limited, a key player in the market, launched a sustainable natural rubber supply chain policy to match the World Wildlife Fund suggestions for its Cameroon subsidiary Sudcam. This move coincides with a recent NR sustainability initiative taken by the tyre industry and the marketing arm of Halcyon,Corrie MacColl is expected to establish a sustainability commission to oversee the implementation of the policy.
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Sri Trang Agro-Industry Plc., Southland Holding, Thai Rubber Latex Group Public Company Limited, Von Bundit Co., Ltd., and Halcyon Agri Corporation Limited, among others, are the key players in the global natural rubber market. The EMR report looks into the capacity, market share, and latest developments of these major players like plant turnarounds, mergers and acquisitions, and capacity expansions.
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