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Global Natural Rubber Market Share, Size, Growth: By Type: RSS Grade, Latex Concentrate, Solid Block Rubber, Others; By Application: Tyres and Related products, Latex Products, Footwear, Non-Automotive, Engineering, Belting and Hose, Others; Regional Analysis; Competitive Landscape; Key Trends and Developments in the Market; 2024-2032
Global Natural Rubber Market Outlook
The global natural rubber market demand reached a value of USD 31.68 billion in 2023 and is expected to grow at a CAGR of 3.5% in the forecast period of 2024-2032, reaching a value of about USD 43.18 billion in 2032.
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The Asia Pacific Region to Account for a Substantial Share of the Market for Natural Rubber
The Asia Pacific is the largest regional market for natural rubber. Asian countries like Thailand, Indonesia, and Malaysia are the major suppliers in the market. Vietnam is also emerging as a significant sourcing location and holds a potential to be a major producer in the Asia Pacific region in the coming years. The demand in the Asia Pacific is primarily driven by the growing automobile sector and the increasing demand for latex products, like condoms, gloves, and others. Thailand accounts for the largest share of the global supply market, with a 37% market share. The natural rubber market in Thailand is supported by abundant sourcing locations, quality factors, low prices, and a surplus supply. Other countries emerging as major natural rubber producers include Ivory Coast and Cambodia, among others.
China relies on imports to meet the regional natural rubber requirement. It meets 85% of its demand through imports, and that makes it the largest importer of the substance. The United States also imports an enormous volume of natural rubber from countries like the Ivory Coast. Malaysia is also an importer of the product due to the excess domestic demand, along with being the largest exporter of finished rubber goods. In terms of exports, Thailand is the leading exporter, exporting the majority of its output. Other major exporting countries include Vietnam and Myanmar.
The growing demand for tyres is supporting the natural rubber market growth, especially in emerging nations like India and China. The growing automobile sector is supporting the demand for natural rubber. The most dominant application sector in the Southeast Asian market is latex goods like gloves and dipped products owing to efficient R&D undertakings and quality.
Market Segmentation
Natural rubber refers to an elastic material derived from the latex sap of trees, particularly trees belonging to the Hevea and Ficus genera. It is either an elastic hydrocarbon polymer or an elastomer. Natural rubber is among the kinds of rubber that further includes vulcanised rubber that is processed into a wide range of rubber items. It is also known as India rubber, gum elastic, or caoutchouc.
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Based on type, the market is segmented into:
- RSS Grade
- Latex Concentrate
- Solid Block Rubber
- Others
On the basis of application, the market is categorised into:
- Tyres and Related Products
- Latex Products
- Footwear
- Non-Automotive
- Engineering
- Belting and Hose
- Others
The EMR report also covers the regional markets like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Rising Demand for Tyres to Drive the Market Growth of Natural Rubber
The natural rubber market is being driven by the increasing demand for tyres as well as latex goods like gloves, belts, catheters, condoms, and other industrial durables, among others. The growing market for these products is fuelling the demand for natural rubber as well.
The demand for natural rubber is aided by the growing economies like India and China, among others. The tyre manufacturers are planning to shift their production base to low-cost producing nations, like India, China, and others. This will help them garner more demand from the consumers as it would be more cost-effective. This plan would also drive the overall automobile sector further and provide an impetus to natural rubber demand. The demand for natural rubber is being supported by the rising demand from developing nations and their rising GDP.
The growing environmental consciousness is leading to the wide utilisation of natural rubber instead of synthetic rubber as it is plant-based, biodegradable, renewable, and has a minimal environmental impact during harvesting and manufacturing as no artificial colouring or chemical softeners are used. The advantages of natural rubber, like cost-effectiveness, flexibility, low odour, water resistance, and high tensile strength, are contributing to the natural rubber market expansion. The antibacterial characteristic of natural rubber is resulting in its increased utilisation to produce footwear and gloves that remain in close contact with the skin. Natural rubber is also considered ideal as a flooring material as it is slip-resistant, waterproof, easy to maintain and durable. The government initiatives towards offering financial assistance to motivate the growers to take up rubber cultivation and ensure the sustainability of the raw material are providing impetus to the market development. For instance, the National Rubber Policy 2019, India highlights the government’s efforts to bolster the production of natural rubber in the country. The report also mentions that a study team from Auto Tyres Manufacturing Association (ATMA) visited Tripura, an Indian state, to explore possibilities of augmenting the natural rubber production.
Key Players in the Global Market for Natural Rubber
The report gives a detailed analysis of the following key players in the global natural rubber market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Sri Trang Agro-Industry Public Company Limited
- Halcyon Agri Corporation Limited
- Thai Rubber Latex Group Public Company Limited
- Southland Holding Company
- Titi Latex Sdn Bhd
- KL-Kepong Rubber Products Sdn
- Von Bundit Co., Ltd.
- Sinochem International Corporation
- WEBER & SCHAER GmbH & Co. KG
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Type |
|
| Breakup by Application |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Trade Data Analysis |
|
| Competitive Landscape |
|
| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Natural Rubber Market Analysis
8.1 Key Industry Highlights
8.2 Global Natural Rubber Historical Market (2018-2023)
8.3 Global Natural Rubber Market Forecast (2024-2032)
8.4 Global Natural Rubber Market by Type
8.4.1 RSS Grade
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2023)
8.4.1.3 Forecast Trend (2024-2032)
8.4.2 Latex Concentrate
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2023)
8.4.2.3 Forecast Trend (2024-2032)
8.4.3 Solid Block Rubber
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2023)
8.4.3.3 Forecast Trend (2024-2032)
8.4.4 Others
8.5 Global Natural Rubber Market by Application
8.5.1 Tyres and Related Products
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2023)
8.5.1.3 Forecast Trend (2024-2032)
8.5.2 Latex Products
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2023)
8.5.2.3 Forecast Trend (2024-2032)
8.5.3 Footwear
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2023)
8.5.3.3 Forecast Trend (2024-2032)
8.5.4 Non-Automotive
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2023)
8.5.4.3 Forecast Trend (2024-2032)
8.5.5 Engineering
8.5.5.1 Market Share
8.5.5.2 Historical Trend (2018-2023)
8.5.5.3 Forecast Trend (2024-2032)
8.5.6 Belting and Hose
8.5.6.1 Market Share
8.5.6.2 Historical Trend (2018-2023)
8.5.6.3 Forecast Trend (2024-2032)
8.5.7 Others
8.6 Global Natural Rubber Market by Region
8.6.1 North America
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2023)
8.6.1.3 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2023)
8.6.2.3 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2023)
8.6.3.3 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2023)
8.6.4.3 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2023)
8.6.5.3 Forecast Trend (2024-2032)
9 North America Natural Rubber Market Analysis
9.1 Market by Type
9.2 Market by Application
9.3 Market by Country
9.3.1 United States of America
9.3.1.1 Market Share
9.3.1.2 Historical Trend (2018-2023)
9.3.1.3 Forecast Trend (2024-2032)
9.3.2 Canada
9.3.2.1 Market Share
9.3.2.2 Historical Trend (2018-2023)
9.3.2.3 Forecast Trend (2024-2032)
10 Europe Natural Rubber Market Analysis
10.1 Market by Type
10.2 Market by Application
10.3 Market by Country
10.3.1 United Kingdom
10.3.1.1 Market Share
10.3.1.2 Historical Trend (2018-2023)
10.3.1.3 Forecast Trend (2024-2032)
10.3.2 Germany
10.3.2.1 Market Share
10.3.2.2 Historical Trend (2018-2023)
10.3.2.3 Forecast Trend (2024-2032)
10.3.3 France
10.3.3.1 Market Share
10.3.3.2 Historical Trend (2018-2023)
10.3.3.3 Forecast Trend (2024-2032)
10.3.4 Italy
10.3.4.1 Market Share
10.3.4.2 Historical Trend (2018-2023)
10.3.4.3 Forecast Trend (2024-2032)
10.3.5 Others
11 Asia Pacific Natural Rubber Market Analysis
11.1 Market by Type
11.2 Market by Application
11.3 Market by Country
11.3.1 China
11.3.1.1 Market Share
11.3.1.2 Historical Trend (2018-2023)
11.3.1.3 Forecast Trend (2024-2032)
11.3.2 Japan
11.3.2.1 Market Share
11.3.2.2 Historical Trend (2018-2023)
11.3.2.3 Forecast Trend (2024-2032)
11.3.3 India
11.3.3.1 Market Share
11.3.3.2 Historical Trend (2018-2023)
11.3.3.3 Forecast Trend (2024-2032)
11.3.4 ASEAN
11.3.4.1 Market Share
11.3.4.2 Historical Trend (2018-2023)
11.3.4.3 Forecast Trend (2024-2032)
11.3.5 South Korea
11.3.5.1 Market Share
11.3.5.2 Historical Trend (2018-2023)
11.3.5.3 Forecast Trend (2024-2032)
11.3.6 Australia
11.3.6.1 Market Share
11.3.6.2 Historical Trend (2018-2023)
11.3.6.3 Forecast Trend (2024-2032)
11.3.7 Others
12 Latin America Natural Rubber Market Analysis
12.1 Market by Type
12.2 Market by Application
12.3 Market by Application
12.3.1 Brazil
12.3.1.1 Market Share
12.3.1.2 Historical Trend (2018-2023)
12.3.1.3 Forecast Trend (2024-2032)
12.3.2 Argentina
12.3.2.1 Market Share
12.3.2.2 Historical Trend (2018-2023)
12.3.2.3 Forecast Trend (2024-2032)
12.3.3 Mexico
12.3.3.1 Market Share
12.3.3.2 Historical Trend (2018-2023)
12.3.3.3 Forecast Trend (2024-2032)
12.3.4 Others
13 Middle East and Africa Natural Rubber Market Analysis
13.1 Market by Type
13.2 Market by Application
13.3 Market by Country
13.3.1 Saudi Arabia
13.3.1.1 Market Share
13.3.1.2 Historical Trend (2018-2023)
13.3.1.3 Forecast Trend (2024-2032)
13.3.2 United Arab Emirates
13.3.2.1 Market Share
13.3.2.2 Historical Trend (2018-2023)
13.3.2.3 Forecast Trend (2024-2032)
13.3.3 Nigeria
13.3.3.1 Market Share
13.3.3.2 Historical Trend (2018-2023)
13.3.3.3 Forecast Trend (2024-2032)
13.3.4 South Africa
13.3.4.1 Market Share
13.3.4.2 Historical Trend (2018-2023)
13.3.4.3 Forecast Trend (2024-2032)
13.3.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Trade Data Analysis (HS Code – 4001)
16.1 Major Importing Countries
16.1.1 By Value
16.1.2 By Volume
16.2 Major Exporting Countries
16.2.1 By Value
16.2.2 By Volume
17 Price Analysis
18 Competitive Landscape
18.1 Market Structure
18.2 Company Profiles
18.2.1 Sri Trang Agro-Industry Public Company Limited
18.2.1.1 Company Overview
18.2.1.2 Product Portfolio
18.2.1.3 Demographic Reach and Achievements
18.2.1.4 Certifications
18.2.2 Halcyon Agri Corporation Limited
18.2.2.1 Company Overview
18.2.2.2 Product Portfolio
18.2.2.3 Demographic Reach and Achievements
18.2.2.4 Certifications
18.2.3 Thai Rubber Latex Group Public Company Limited
18.2.3.1 Company Overview
18.2.3.2 Product Portfolio
18.2.3.3 Demographic Reach and Achievements
18.2.3.4 Certifications
18.2.4 Southland Holding Company
18.2.4.1 Company Overview
18.2.4.2 Product Portfolio
18.2.4.3 Demographic Reach and Achievements
18.2.4.4 Certifications
18.2.5 Titi Latex Sdn Bhd
18.2.5.1 Company Overview
18.2.5.2 Product Portfolio
18.2.5.3 Demographic Reach and Achievements
18.2.5.4 Certifications
18.2.6 KL-Kepong Rubber Products Sdn
18.2.6.1 Company Overview
18.2.6.2 Product Portfolio
18.2.6.3 Demographic Reach and Achievements
18.2.6.4 Certifications
18.2.7 Von Bundit Co., Ltd.
18.2.7.1 Company Overview
18.2.7.2 Product Portfolio
18.2.7.3 Demographic Reach and Achievements
18.2.7.4 Certifications
18.2.8 Sinochem International Corporation
18.2.8.1 Company Overview
18.2.8.2 Product Portfolio
18.2.8.3 Demographic Reach and Achievements
18.2.8.4 Certifications
18.2.9 WEBER & SCHAER GmbH & Co. KG
18.2.9.1 Company Overview
18.2.9.2 Product Portfolio
18.2.9.3 Demographic Reach and Achievements
18.2.9.4 Certifications
18.2.10 Others
19 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Natural Rubber Market: Key Industry Highlights, 2018 and 2032
2. Global Natural Rubber Historical Market: Breakup by Type (USD Million), 2018-2023
3. Global Natural Rubber Market Forecast: Breakup by Type (USD Million), 2024-2032
4. Global Natural Rubber Historical Market: Breakup by Application (USD Million), 2018-2023
5. Global Natural Rubber Market Forecast: Breakup by Application (USD Million), 2024-2032
6. Global Natural Rubber Historical Market: Breakup by Region (USD Million), 2018-2023
7. Global Natural Rubber Market Forecast: Breakup by Region (USD Million), 2024-2032
8. North America Natural Rubber Historical Market: Breakup by Country (USD Million), 2018-2023
9. North America Natural Rubber Market Forecast: Breakup by Country (USD Million), 2024-2032
10. Europe Natural Rubber Historical Market: Breakup by Country (USD Million), 2018-2023
11. Europe Natural Rubber Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Asia Pacific Natural Rubber Historical Market: Breakup by Country (USD Million), 2018-2023
13. Asia Pacific Natural Rubber Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Latin America Natural Rubber Historical Market: Breakup by Country (USD Million), 2018-2023
15. Latin America Natural Rubber Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Middle East and Africa Natural Rubber Historical Market: Breakup by Country (USD Million), 2018-2023
17. Middle East and Africa Natural Rubber Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Major Exporting Countries by Value
19. Major Importing Countries by Value
20. Major Exporting Countries by Volume
21. Major Importing Countries by Volume
22. Global Natural Rubber Market Structure
Key Questions Answered in the Report
In 2023, the global natural rubber market attained a value of USD 31.68 billion.
The market is projected to grow at a CAGR of 3.5% between 2024 and 2032.
The major industry drivers include the rising GDP, increasing awareness about health and personal hygiene like gloves, condoms, growing automobiles sector, and efficient research and development undertakings and quality.
The rising demand from emerging economies for natural rubber and the increasing demand for tyres as well as latex goods are the key trends leading the market’s expansion.
The major regions in the industry are North America, Latin America, Europe, Middle East and Africa, and Asia Pacific with Asia Pacific accounting for the largest share in the market.
RSS grade, latex concentrate, and solid block rubber, among others are the various types of natural rubber in the market.
Natural rubber finds its application in tyres and related products, latex products, footwear, non-automotive, engineering, and belting and hose, among others.
The major players in the market are Sri Trang Agro-Industry Public Company Limited, Halcyon Agri Corporation Limited, Thai Rubber Latex Group Public Company Limited, Southland Holding Company, Titi Latex Sdn Bhd, KL-Kepong Rubber Products Sdn, Von Bundit Co., Ltd., Sinochem International Corporation, and WEBER & SCHAER GmbH & Co. KG, among others.
Analyst Review
The global natural rubber market attained a value of USD 31.68 billion in 2023, driven by the growing demand for tyres, as well as latex goods. Aided by the rising GDP and increasing awareness about health and personal hygiene like gloves, condoms, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 3.5%. The market is projected to reach a value of USD 43.18 billion in 2032.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the market. On the basis of type, the market is divided into RSS grade, latex concentrate, and solid block rubber, among others. Based on its applications, the global natural rubber market can be segmented into tyres and related products, latex products, footwear, non-automotive, engineering, and belting and hose, among others. The major regional markets for the global natural rubber industry are North America, Latin America, Europe, Middle East and Africa, and Asia Pacific, with Asia Pacific accounting for the largest share of the market. The key players in the above market include Sri Trang Agro-Industry Public Company Limited, Halcyon Agri Corporation Limited, Thai Rubber Latex Group Public Company Limited, Southland Holding Company, Titi Latex Sdn Bhd, KL-Kepong Rubber Products Sdn, Von Bundit Co., Ltd., Sinochem International Corporation, and WEBER & SCHAER GmbH & Co. KG, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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