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Global Natural Rubber Market to Grow at a CAGR of 4.8% in the Forecast Period of 2022-2027.

According to a new report by EMR titled, ‘Global Natural Rubber Market Report and Forecast 2022-2027’, the global natural rubber market attained a volume of about 15.2 million metric tons in 2020. The industry is further expected to grow at a CAGR of 4.8% in the forecast period of 2022-2027 to reach a volume of 20.1 million metric tons by 2026.

The Asia Pacific region is the largest market in the global natural rubber market owing to the rapid growth of the automobile industry and the increasing demand for latex products, namely gloves, toys, condoms, and other products. The growth in the regional automobile industry has led to an increase in demand for tyres, which in turn, is driving the growth of the natural rubber market in the Asia Pacific region, mainly in countries like India and China. In India, a 10% growth in the rubber output was seen in 2020 as compared to 2018, with the volume rising from 648,000 tons to 750,000 in just one year. The major supply markets in the Asia Pacific region are countries like Thailand, Indonesia, and Malaysia, with Thailand contributing 37% to the total market value, which is the leading share in the market.

Sri Trang Agro-Industry Public Company Limited and Sumitomo Rubber Industries, Ltd. (OTCMKTS: SMTUF) are some of the major suppliers in the global natural rubber market. In March 2021, Sumitomo Rubber Industries, Ltd. announced that it had developed “Reduced Odor Natural Rubber” through its proprietary raw material processing technique at its plant in Thailand. Such developments in the market are expected to support the growth of the market in the coming years.

Market Analysis by Application and Region:

  • On the basis of application, the global natural rubber market can be divided into latex products, tyres and related products, footwear, non-automotive, engineering, and belting and hose, among others.
  • The regional markets for natural rubber include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The global natural rubber market is mainly driven by the increasing demand for latex products such as gloves, toys, industrial durables, etc. and also by the increasing demand for tyres and related products.
  • India and China are some of the largest consumers of natural rubber products.
  • Thailand, Malaysia, and Indonesia are among the largest producers of natural rubber products.
  • The increasing GDP of the developing countries is leading to an increase in demand for rubber products, which is further aiding the growth of the market.

Key Offerings of the Report:

  • The EMR report gives an overview of the global natural rubber market for the periods (2017-2021) and (2022-2027).
  • The report also offers the historical (2017-2021) and forecast (2022-2027) markets for the application and regional markets of natural rubber.
  • It assesses the regional price trends for natural rubber and its feedstock for the (2017-2021) and (2022-2027) periods.
  • The market report also analyses the trade data by covering the major importing and exporting countries.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global natural rubber market are 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, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

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*We at Expert Market Research always strive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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