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The global rubber market is expected to grow at a CAGR of 5.0% during the period 2024-2032. The market is expected to be driven by important uses of rubber in different industries, including aerospace, medical, defence, printing, automotive, agriculture, etc. North America, Europe and Asia are likely to be key markets.
Rubber Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The rubber market value is expected to grow at a CAGR of 5.0% between 2024 and 2032.
The major drivers of the market include the rising construction activities, superior properties of rubber, such as abrasion resistance, high heat resistance, and the development of novel products.
The important uses of rubber in different industries such as aerospace, medical, defence, printing, automotives, and agriculture and rising tire production are the key trends propelling the market's growth.
Regions considered in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The different types of rubber in the market are natural rubber and synthetic rubber.
The major applications of the market are auto-tyre sector, non-tyre automotive, footwear, electrical and electronics, among others.
Latex, a milky liquid found in the latex vessels (ducts) or in the cells of rubber-producing plants, is the source of natural rubber. Only 2,500 of the approximately 20,000 plant species that produce latex have been found to have rubber in their latex.
Key players in the market are Arlanxeo, Kumho Petrochemical, TSRC Corporation, LG Chem, Von Bundit Co., Ltd., Sri Trang Agro-Industry Plc., and Southland Holding Company, among others.
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