What is Global Natural Rubber Market?
The Global Natural Rubber Market is a vast and dynamic sector that plays a crucial role in various industries worldwide. Natural rubber, a milky latex extracted from certain types of trees, is a versatile material used in numerous applications due to its excellent physical properties. The market for this product is global, with demand and supply spanning across continents. The market's value was estimated at US$ 27910 million in 2022, and it is projected to grow to US$ 30580 million by 2029. This growth represents a Compound Annual Growth Rate (CAGR) of 1.3% from 2023 to 2029.
Ribbed Smoked Sheet (RSS), Technically Specified Rubber (TSR), Latex, Others in the Global Natural Rubber Market:
The Global Natural Rubber Market is segmented into different product types, including Ribbed Smoked Sheet (RSS), Technically Specified Rubber (TSR), Latex, and others. TSR is the largest segment, accounting for over 68% of the market. Each of these product types has unique characteristics that make them suitable for specific applications. For instance, RSS is commonly used in the manufacturing of tires due to its high strength and durability. On the other hand, TSR is preferred for its consistency in quality and performance, making it ideal for industrial applications. Latex, a liquid form of natural rubber, is widely used in the medical industry for products like gloves and catheters. The 'Others' category includes various forms of processed and unprocessed natural rubber used in diverse applications.
Automotive, Medical, Industrial, Consumer Goods in the Global Natural Rubber Market:
The Global Natural Rubber Market finds its usage in various sectors such as Automotive, Medical, Industrial, and Consumer Goods. In the automotive industry, natural rubber is primarily used in the production of tires, seals, and gaskets due to its excellent elasticity and resistance to wear and tear. The medical sector utilizes natural rubber in the form of latex for manufacturing gloves, catheters, and other medical equipment. In the industrial sector, natural rubber is used in the production of hoses, belts, and gaskets, among other things. Lastly, in the consumer goods sector, natural rubber finds its application in products like footwear, toys, and household items. Each of these sectors contributes significantly to the overall demand for natural rubber, thereby driving the growth of the market.
Global Natural Rubber Market Outlook:
To rephrase the market outlook for the Global Natural Rubber Market, it can be said that the market, which was valued at US$ 27910 million in 2022, is expected to grow to US$ 30580 million by 2029. This growth trajectory translates to a CAGR of 1.3% during the forecast period of 2023-2029. When it comes to product segmentation, Technically Specified Rubber (TSR) emerges as the dominant segment, holding more than 68% of the market share.
| Report Metric | Details |
| Report Name | Natural Rubber Market |
| Accounted market size in 2022 | US$ 27910 in million |
| Forecasted market size in 2029 | US$ 30580 million |
| CAGR | 1.3% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Von Bundit, Sri Trang Agro-Industry, Southland Holding, Thai Hua Rubber, Vietnam Rubber Group, Tradewinds Plantation Berhad, Tong Thai Rubber Group, Thai Rubber Latex Corporation, Ravasco, Halcyon Agri, Feltex, Unitex Rubber, Indolatex Jaya Abadi, Kurian Abraham, Hevea-Tec, KLPK, Bakrie Sumatera Plantations, Kuala Lumpur Kepong Berhad, C.W. Mackie, Enghuat Industries, Basil Rubber Factory, Edathala Polymers, Kavanar Latex, Paesukchuen Rubber, Ba Phuc Rubber, Sinochem International Corporation, China Hainan Rubber Industry Group, Yunnan State Farms Group, Guangdong Guangken Rubber Group, Yunnan Gaoshen Rubber, Getah Indus |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
