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Natural Rubber Market

Global Natural Rubber Market Size, Share, Outlook, Report: 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; Market Dynamics: SWOT Analysis; Competitive Landscape; 2024-2032

Global Natural Rubber Market Outlook

The global natural rubber market size 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.

 

Natural Rubber Market

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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.

 

Natural Rubber Market by Segments

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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.

 

Natural Rubber Market by Region

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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:

  • Type
  • Application
  • Region
Breakup by Type
  • RSS Grade
  • Latex Concentrate
  • Solid Block Rubber
  • Others
Breakup by Application
  • Tyres and Related Products
  • Latex Products
  • Footwear
  • Non-Automotive
  • Engineering
  • Belting and Hose
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Trade Data Analysis
  • Major Exporting Countries
    • By Value
    • By Volume
  • Major Importing Countries
    • By Value
    • By Volume
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • 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

 

*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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