North America Natural Rubber And Gums Market

North America Natural Rubber and Gums Market Size, Share, Growth (2023-2028)

North America Natural Rubber and Gums Market was worth USD xx billion in 2023 and is estimated to be growing at a CAGR of xx%, to reach USD xx billion by 2028

North America Natural Rubber and Gums Market Overview

Natural rubber is an elastomer consisting of polymers of organic compound isoprene, originally derived from latex, a milky colloid produced by some plants. In addition, it consists of minor impurities of other organic compounds and water. It is also called as natural rubber or caoutchouc. Natural gums are polymeric materials that give a thickening and gelling effect when they are dissolved in water. It is capable of increasing solution viscosity at small concentrations.Natural rubber is used in many applications and products, as it is made into synthetic rubber. It is used either alone or in combination with any other products. In most forms, it is extremely waterproof, high resilience and large stretch ratio. Natural gums are used extensively in food industry as gelling agents, thickening agents, stabilizers and emulsifying agents. It is also used as binding agents, crystal inhibitors, adhesives, clarifying agents and swelling agents in other industries. In most of the cases, gum is extracted from woody elements of plants or seed coatings.The North America Natural Rubber and Gums Market is driven by factors like demand for natural rubber and gum, increasing rubber plantations, rising applications of rubber and gum in food, textile, chemical and other industries, favourable government reimbursements, increasing investments by private companies, new product innovations and technology advancements. However, lack of awareness in some areas, transportation and packing hamper the market's growth.

North America Natural Rubber and Gums Market Segmentation

On the basis of product type

• natural rubber

• natural gum

Depending on the application

• Chemical Industry

• Textile Industry

• Food Industry

North America Natural Rubber and Gums Market Regional Analysis

• US

• Canada

North America is dominating the Global market due to the presence of large textile, food and chemical industries and favorable government reimbursements.

Keyplayers:

1. Bridgestone

2. Triveni Chemicals

3. Indian Natural Rubber

4. Shivshankar Rubber Products

5. Habasit

6. Nature & Nurture Healthcare Pvt. Ltd.

7. Peenal Polyrub

8. Altrafine Gums

9. Ananta Polyrubb Pvt. Ltd.

10. Hainan Rubber Group