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Pulished Date July, 2021
ID: 11879
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Natural Rubber Market Segmentation by Type (RSS grade, Latex concentrate, Solid block rubber, and others), By Application (Auto-tires sector, Gloves, Footwear, Latex products, and others), and Region - Industry Analysis, Share, Growth and Forecast 2021-2026.

Pulished: July, 2021
ID: 11879
Pages: 175

Natural Rubber Market Size, Growth, Trends, and Forecast (2021-2026):

The Natural Rubber Market growth will experience a CAGR of 4.55% during the forecast period. Key factors for the market growth of the natural rubber market include increased demand and use of medical gloves, especially in emerging countries, increased usage in the auto industries of natural rubber, and growth and development of vertical end-user markets. Market growth is expected to be driven by increasing demand for natural rubber for end-use applications.

The growing demand for natural rubber products, such as latex gloves and condoms, is the main cause of the growth rate of the natural rubber market. The increasing demand for naturally formulated rubber products due to an increase in the price of crude oil will create even more lucrative and rewarding growth opportunities for the natural rubber market. The increasing industrialization and the growing demand for natural rubber products due to the boom in the automotive industry will lead to further growth in the demand for the natural rubber market. The increased use of natural rubber in the Asia Pacific will also be an important determinant of the growth of the natural rubber market.

Rubber is essential to the global economy, having important uses in the automotive, consumer products, manufacturing, and medical industries. Natural rubber is harvested from the rubber trees, processed in a crushing plant, then washed (removal of leaves, insects, dirt, etc.), mixed (to ensure consistency), dried, and pre-packaged to sell as leaves. The automotive industry (tires and tubes) is the main segment that consumes the most natural rubber. Rubber markets have historically been concentrated in the Asia-Pacific region and industry players produce and export to other countries, either as raw materials or as manufactured products. Natural rubber competes for market demand with synthetic rubber due to its substitutability feature.

Impact of COVID-19 on the natural rubber market:

The COVID-19 pandemic has affected the market in the same way as many disrupted industries across the world. Rubber is mainly used in the automotive industry for the manufacture of tires and various components. During this pandemic, several countries, including China, India, Germany, Italy, Brazil, and Canada, have declared a total lockdown. This also resulted in the closure of production facilities and the transportation of raw materials. This epidemic has severely affected the supply chain of many manufacturing units. Since then, both the supply of raw materials and the distribution of finished products have been severely affected, causing a massive drop in income. China is a large consumer of materials and an epicenter of the coronavirus, thus inhibiting the development of the market. Restrictions on the export and import of products such as tires, general and industrial goods act as a downward factor in the market.

Recent Developments:

  • In 2018, ARLANXEO launched Levapren PXL, a new ethylene-vinyl acetate rubber. The new EVM products are characterized by particularly high viscosity and easier processing, which is necessary when manufacturing high-quality pipes, cable ducts, and floor coverings.
  • In 2021, to establish leadership in the synthetic rubber sector Kumho Polychemical was entirely purchased by Kumho Petrochemical.
  • In 2019, Trinseo finalized the acquisition of latex production facilities and related infrastructure of Dow in Germany.

Drivers and Restraints of Natural Rubber Market:

Natural Rubber Market Drivers:

There is an increasing demand from various end-use industries for natural rubber products, which is driving the growth of the market. Rubber is mainly used as a raw material in the final automotive industry for the production of a wide variety of products, such as tires, garbage tubes, adhesives, hoses, pipes, gaskets, and coatings. The growing demand for auto parts with and without tires is expected to influence the market growth.

In addition, it is used in various applications such as footwear, industrial products, construction, textiles, and other consumer products. The fusion of rubber in the shoes protects water, chemicals, electricity, shock, and low temperatures. It is also used in a variety of consumer products, such as protective covers, and floor mats. The increasing use of textiles and industrial products is expected to be a driving force behind the growth of the natural rubber market.

Natural Rubber Market Restraints:

The availability of alternatives with better performance indicators hinders the adoption of the product. The market share is gaining ground thanks to the demand of industries such as automotive, consumer goods, clothing, and footwear, but faces considerable competition from materials such as polymers, plastics, and vinyl. Polymeric plastics are generally inexpensive as they are produced in massive quantities all over the world. In addition, polymers like PET, PP, and ABS have better capabilities like elasticity, stiffness, slip resistance, and durability, making them superior alternatives. In automotive and industrial applications, items such as hoses, gaskets, and pipes are preferably made of plastic and substantially substitute for rubbers. Another substitute material used to make products in place of rubber is vinyl or polyvinyl chloride (PVC). The availability of better and cheaper options other than rubber is hampering the growth of the market.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2021-2026

Base Year

2021

Forecast Period

2021-2026

CAGR

4.55%

Segments Covered

By Type, By Application

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

Bridgestone, Sinochem Group, Ravasco, PetroChina, Thaitex, Halcyon Agri, Southland Rubber, Apcotex Industries Ltd., Sri Trang Agro-Industry, Firestone Natural Rubber Company, Von Bundit, and Michelin, among others.

Natural Rubber Market Segmentation:

By Type, the synthetic rubber segment is expected to generate the highest revenue. Due to its excellent characteristics, including abrasion resistance, high heat resistance, elasticity, and toughness, demand for synthetic rubber is increasing in different applications such as tires, footwear, and industrial items. These properties have caused a large number of consumers to switch from natural rubber to synthetic rubber for a wide range of commercial uses.

By Application, the tire segment is expected to exhibit a significant CAGR. Rubber is in high demand among tire manufacturers due to its crucial properties, namely abrasion resistance, tear-resistance, and flexibility. The tire segment would claim to hold the largest share of the rubber market due to the increase in tire production in various regions. This increase in production is associated with the growing demand for tires from the automotive industry.

Regional analysis:

  1. Asia-Pacific is the largest producer and consumer with a market size of USD 22.09 billion in 2019.
  2. North America is projected to be a significant area for market growth over the projection period, Due to increased demand in the automobile and footwear industry.
  3. Europe is expected to experience significant market growth. The growing demand for tires in the automotive industry would help the market growth in the region.
  4. Latin America and the Middle East and Africa would show lower market growth value compared to other regions due to factors namely greater dependence on imported natural rubber, cost high synthetic type, and lower tire production.

Leading company:

Bridgestone owns the majority of the natural rubber market and is the world's largest tire manufacturer.

Key players:

Major players in the global Natural Rubber Market are Bridgestone, Sinochem Group, Ravasco, PetroChina, Thaitex, Halcyon Agri, Southland Rubber, Apcotex Industries Ltd., Sri Trang Agro-Industry, Firestone Natural Rubber Company, Von Bundit, and Michelin, among others.

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Scope of the report                

                1.3 Study Assumptions                 

                1.4 Base Currency, Base Year and Forecast Periods                          

2. Research Methodology                                           

                2.1 Analysis Design                         

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling      

                                2.2.4 Expert Validation  

                2.3 Study Timeline                          

3. Report Overview                                        

                3.1 Executive Summary                

                3.2 Key Inferencees                       

4. Market Dynamics                                       

                4.1 Impact Analysis                         

                                4.1.1 Drivers      

                                4.1.2 Restaints  

                                4.1.3 Opportunities        

                4.2 Regulatory Environment                       

                4.3 Technology Timeline & Recent Trends                            

5. Competitor Benchmarking Analysis                                    

                5.1 Key Player Benchmarking                     

                                5.1.1 Market share analysis        

                                5.1.2 Products/Service  

                                5.1.3 Regional Presence               

                5.2 Mergers & Acquistion Landscape                      

                5.3 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

                6.1 Natural Rubber Market, By Type                       

                                6.1.1 RSS grade

                                6.1.2 Latex concentrate

                                6.1.3 Solid block rubber

                                6.1.4 Others      

                                6.1.5 Market Size Estimations & Forecasts (2021-2026)   

                                6.1.6 Y-o-Y Growth Rate Analysis             

                                6.1.7 Market Attractiveness Index          

                6.2 Natural Rubber Market, By Application                          

                                6.2.1 Auto-tires sector  

                                6.2.2 Gloves      

                                6.2.3 Footwear 

                                6.2.4 Latex products      

                                6.2.5 Others      

                                6.2.6 Market Size Estimations & Forecasts (2021-2026)   

                                6.2.7 Y-o-Y Growth Rate Analysis             

                                6.2.8 Market Attractiveness Index          

7. Geographical Landscape                                         

                7.1 Global Identity Governance and Administration Market, by Region                  

                7.2 North America - Market Analysis (2021- 2026)                            

                                7.2.1 By Country              

                                                7.2.1.1 USA

                                                7.2.1.2 Canada

                                7.2.2 By Type    

                                7.2.3 By Application        

                7.3 Europe                         

                                7.3.1 By Country              

                                                7.3.1.1 UK

                                                7.3.1.2 France

                                                7.3.1.3 Germany

                                                7.3.1.4 Spain

                                                7.3.1.5 Italy

                                                7.3.1.6 Rest of Europe

                                7.3.2 By Type    

                                7.3.3 By Application        

                7.4 Asia Pacific                  

                                7.4.1 By Country              

                                                7.4.1.1 China

                                                7.4.1.2 India

                                                7.4.1.3 Japan

                                                7.4.1.4 South Korea

                                                7.4.1.5 South East Asia

                                                7.4.1.6 Australia & NZ

                                                7.4.1.7 Rest of Asia-Pacific

                                7.4.2 By Type    

                                7.4.3 By Application        

                7.5 Latin America                             

                                7.5.1 By Country              

                                                7.5.1.1 Brazil

                                                7.5.1.2 Argentina

                                                7.5.1.3 Mexico

                                                7.5.1.4 Rest of Latin America

                                7.5.2 By Type    

                                7.5.3 By Application        

                7.6 Middle East and Africa                           

                                7.6.1 By Country              

                                                7.6.1.1 Middle East

                                                7.6.1.2 Africa

                                7.6.2 By Type    

                                7.6.3 By Application        

8. Key Player Analysis                                    

                8.1 Bridgestone               

                                8.1.1 Business Description           

                                8.1.2 Products/Service  

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis       

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2 Sinochem Group                      

                8.3 Ravasco                        

                8.4 PetroChina                 

                8.5 Thaitex                         

                8.6 Halcyon Agri                               

                8.7 Southland Rubber                   

                8.8 Apcotex Industries Ltd.                         

                8.9 Sri Trang Agro-Industry                         

                8.10 Firestone Natural Rubber Company                              

                8.11 Von Bundit                               

9. Market Outlook & Investment Opportunities                                

10. Appendix                                    

                List of Tables                     

                List of Figures                   

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Natural Rubber Market By Region, From 2021-2026 ( USD Billion )
  2. Global Natural Rubber Market By Type, From 2021-2026 ( USD Billion )
  3. Global RSS grade Market By Region, From 2021-2026 ( USD Billion )
  4. Global Latex concentrate Market By Region, From 2021-2026 ( USD Billion )
  5. Global Solid block rubber Market By Region, From 2021-2026 ( USD Billion )
  6. Global Others Market By Region, From 2021-2026 ( USD Billion )
  7. Global Natural Rubber Market By Application, From 2021-2026 ( USD Billion )
  8. Global Auto-tires sector Market By Region, From 2021-2026 ( USD Billion )
  9. Global Gloves Market By Region, From 2021-2026 ( USD Billion )
  10. Global Footwear Market By Region, From 2021-2026 ( USD Billion )
  11. Global Latex products Market By Region, From 2021-2026 ( USD Billion )
  12. Global Others Market By Region, From 2021-2026 ( USD Billion )

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