Global Natural Rubber Market Outlook to 2027
Natural Rubber (NR) is a milky liquid obtained from latex which is present in either latex vessels or in the cells of rubber-producing plants. According to BlueQuark Research & Consulting, the global Natural rubber market is expected to witness a significant growth rate during the forecast period. Factors such as the growing demand for Natural rubber in the automotive industry due to its properties such as its adhesiveness to metals and resistance to abrasion make it suitable for the manufacture of tires and other automotive parts. The high tensile strength and its capability to dampen the vibrations are influencing the demand for natural rubber in the construction sector. Furthermore, natural rubber is also used extensively in the footwear industry due to its high durability. The medical sector is also on the boom and as natural rubber is broadly used in it; the natural rubber industry is expected to surge in the forecasted years. However, with the growing synthetic rubber industry, the Natural Rubber market growth could be hampered in the forecasted years.
The Automotive Industry is a prime consumer of Natural Rubber globally and is expected to drive the future market. The Natural Rubber's high tensile strength, abrasion resistance, adhesiveness to metal, and capability to dampen vibrations make it a preferred choice for automotive manufacturers globally. The increasing population and rapid urbanization have increased the sales of automotive vehicles globally, driving the tire industry. Owing to the rapid urbanization in emerging countries like China and India, the sales of commercial vehicles such as trucks, tractors, and trailers are on the surge. Furthermore, the automotive industry is experiencing a boom in the electric vehicle market. The environmental awareness amongst citizens coupled with the government offering subsidies on its purchase further propels the automotive industry. Urbanization has also led to a surge in the construction industry, with demand for construction material expected to rise over the forecasted year. Thus, the increasing demand for automotive and construction material demand is all set to propel the future natural rubber market.
Major global players in the industry were Cheng Shin Rubber Industry Co. Ltd ., JSR Corporation , IMERYS , Toyoda GOSEI , Sumitomo Rubber Industries , Yokohama Rubber Company , Zeon Corporation , and Nankang Rubber Tire among others.
The Asia Pacific has been the dominating region both, in production and consumption of Natural Rubber and is expected to continue at the same pace in the future. China is a leader in importing Natural Rubber due to its high requirement in its booming automotive and construction industry. According to Food and Agriculture Organization (FAO), in 2018 China's import stood at 813,016 metric tons and consumption was 4,680,000 metric tons of natural rubber thus making it a net importer. The leading global natural rubber producing countries- Thailand, Indonesia, Vietnam, Myanmar, and Laos are all located in the Southeast Asia region, which portrays the capability of Natural Rubber in the region. The high demand is attributed to the increasing population in the region coupled with the rapid industrialization and urbanization which increase the demand for natural rubber directly or indirectly. With the increasing mean annual income, the region experiencing an automotive boom with China as the leader. Thailand witnessed a healthy growth in exports to countries with free trade agreement like China (130% rise to USD 31 million), Australia (79% rise to USD 9.6 million), South Korea (55.3% rise to USD 7.9 million), and India (28.5% rise to 8.3 million) in 2019. Factors like the growth of the automotive, construction, and medical sector are expected to drive the natural rubber consumption in the region.
The tire manufacturers in India are investing USD 150.8 million to produce Natural Rubber in Northeast India after a 40% import cap imposed by the Indian government.
Global Natural rubber Market report provides deep insight into the Industrial market's current and future state across various regions. The study comprehensively analyses the Natural rubber market by segmenting based on the Product (Ribbed Smoked Sheet (RSS), Concentrated Latex, Block Rubber (TSR), Others), End-User Industry (Automotive, Footwear, Medical, Construction, Others), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The report examines the market drivers and restraints and the impact of Covid-19 on the market growth in detail. The study covers and includes emerging market share, trends, developments, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with prominent companies and profiles, including their market shares and projects.
The Automotive Industry is a prime consumer of Natural Rubber globally and is expected to drive the future market. The Natural Rubber's high tensile strength, abrasion resistance, adhesiveness to metal, and capability to dampen vibrations make it a preferred choice for automotive manufacturers globally. The increasing population and rapid urbanization have increased the sales of automotive vehicles globally, driving the tire industry. Owing to the rapid urbanization in emerging countries like China and India, the sales of commercial vehicles such as trucks, tractors, and trailers are on the surge. Furthermore, the automotive industry is experiencing a boom in the electric vehicle market. The environmental awareness amongst citizens coupled with the government offering subsidies on its purchase further propels the automotive industry. Urbanization has also led to a surge in the construction industry, with demand for construction material expected to rise over the forecasted year. Thus, the increasing demand for automotive and construction material demand is all set to propel the future natural rubber market.
Major global players in the industry were Cheng Shin Rubber Industry Co. Ltd ., JSR Corporation , IMERYS , Toyoda GOSEI , Sumitomo Rubber Industries , Yokohama Rubber Company , Zeon Corporation , and Nankang Rubber Tire among others.
The Asia Pacific has been the dominating region both, in production and consumption of Natural Rubber and is expected to continue at the same pace in the future. China is a leader in importing Natural Rubber due to its high requirement in its booming automotive and construction industry. According to Food and Agriculture Organization (FAO), in 2018 China's import stood at 813,016 metric tons and consumption was 4,680,000 metric tons of natural rubber thus making it a net importer. The leading global natural rubber producing countries- Thailand, Indonesia, Vietnam, Myanmar, and Laos are all located in the Southeast Asia region, which portrays the capability of Natural Rubber in the region. The high demand is attributed to the increasing population in the region coupled with the rapid industrialization and urbanization which increase the demand for natural rubber directly or indirectly. With the increasing mean annual income, the region experiencing an automotive boom with China as the leader. Thailand witnessed a healthy growth in exports to countries with free trade agreement like China (130% rise to USD 31 million), Australia (79% rise to USD 9.6 million), South Korea (55.3% rise to USD 7.9 million), and India (28.5% rise to 8.3 million) in 2019. Factors like the growth of the automotive, construction, and medical sector are expected to drive the natural rubber consumption in the region.
The tire manufacturers in India are investing USD 150.8 million to produce Natural Rubber in Northeast India after a 40% import cap imposed by the Indian government.
Global Natural rubber Market report provides deep insight into the Industrial market's current and future state across various regions. The study comprehensively analyses the Natural rubber market by segmenting based on the Product (Ribbed Smoked Sheet (RSS), Concentrated Latex, Block Rubber (TSR), Others), End-User Industry (Automotive, Footwear, Medical, Construction, Others), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The report examines the market drivers and restraints and the impact of Covid-19 on the market growth in detail. The study covers and includes emerging market share, trends, developments, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with prominent companies and profiles, including their market shares and projects.
1. Executive Summary
2. Research Scope and Methodology
2.1 Aim & Objective of the study
2.2 Market Definition
2.3 Study Information
2.4 General Study Assumptions
2.5 Research Phases
3. Market Analysis
3.1 Introduction
3.2 Market Dynamics
3.2.1 Drivers
3.2.2 Restraints
3.3 Market Trends & Developments
3.4 Market Opportunities
3.5 Feedstock Analysis
3.6 Trade Scenario
3.7 Regulatory Policies
3.8 Analysis of Covid-19 Impact
4. Industry Analysis
4.1 Supply Chain Analysis
4.2 Porter's Five Forces Analysis
4.2.1 Competition in the Industry
4.2.2 Potential of New Entrants into the Industry
4.2.3 Bargaining Power of Suppliers
4.2.4 Bargaining Power of Consumers
4.2.5 Threat of substitute products
5. Market Segmentation & Forecast
5.1 By Type
5.1.1 Ribbed Smoked Sheet (RSS)
5.1.2 Concentrated Latex
5.1.3 Block Rubber (TSR)
5.1.4 Others
5.2
By End-User Industry
5.2.1 Automotive
5.2.2 Footwear
5.2.3 Medical
5.2.4 Construction
5.2.5 Others
6. Regional Market Analysis
6.1 North America
6.1.1 United States
6.1.2 Canada
6.1.3 Mexico
6.2 Europe
6.2.1 Germany
6.2.2 United Kingdom
6.2.3 Italy
6.2.4 France
6.2.5 Spain
6.2.6 Rest of Europe
6.3 Asia-Pacific
6.3.1 China
6.3.2 India
6.3.3 Japan
6.3.4 South Korea
6.3.5 Rest of Asia-Pacific
6.4 South America
6.4.1 Brazil
6.4.2 Argentina
6.4.3 Rest of South America
6.5 Middle East & Africa
6.5.1 South Africa
6.5.2 Saudi Arabia
6.5.3 Rest of Middle East & Africa
7. Key Company Profiles
7.1 Cheng Shin Rubber Industry Co. Ltd.
7.2 JSR Corporation
7.3 IMERYS
7.4 Toyoda GOSEI
7.5 Sumitomo Rubber Industries
7.6 Yokohama Rubber Company
7.7 Zeon Corporation
7.8 Nankang Rubber Tire
7.9 TSRC Corporation
7.10 Federal Corporation
7.11 Hsin Yung Chien
7.12 Vietnam Rubber Group
7.13 Ravasco
7.14 Unitex Rubber
7.15 Halcyon Agri
* List of companies is not exhaustive
8. Competitive Landscape
8.1 List of Notable Players in the Market
8.2 M&A, JV, and Agreements
8.3 Market Share Analysis
8.4 Strategies of Key Players
9. Conclusions and Recommendations
2. Research Scope and Methodology
2.1 Aim & Objective of the study
2.2 Market Definition
2.3 Study Information
2.4 General Study Assumptions
2.5 Research Phases
3. Market Analysis
3.1 Introduction
3.2 Market Dynamics
3.2.1 Drivers
3.2.2 Restraints
3.3 Market Trends & Developments
3.4 Market Opportunities
3.5 Feedstock Analysis
3.6 Trade Scenario
3.7 Regulatory Policies
3.8 Analysis of Covid-19 Impact
4. Industry Analysis
4.1 Supply Chain Analysis
4.2 Porter's Five Forces Analysis
4.2.1 Competition in the Industry
4.2.2 Potential of New Entrants into the Industry
4.2.3 Bargaining Power of Suppliers
4.2.4 Bargaining Power of Consumers
4.2.5 Threat of substitute products
5. Market Segmentation & Forecast
5.1 By Type
5.1.1 Ribbed Smoked Sheet (RSS)
5.1.2 Concentrated Latex
5.1.3 Block Rubber (TSR)
5.1.4 Others
5.2
By End-User Industry
5.2.1 Automotive
5.2.2 Footwear
5.2.3 Medical
5.2.4 Construction
5.2.5 Others
6. Regional Market Analysis
6.1 North America
6.1.1 United States
6.1.2 Canada
6.1.3 Mexico
6.2 Europe
6.2.1 Germany
6.2.2 United Kingdom
6.2.3 Italy
6.2.4 France
6.2.5 Spain
6.2.6 Rest of Europe
6.3 Asia-Pacific
6.3.1 China
6.3.2 India
6.3.3 Japan
6.3.4 South Korea
6.3.5 Rest of Asia-Pacific
6.4 South America
6.4.1 Brazil
6.4.2 Argentina
6.4.3 Rest of South America
6.5 Middle East & Africa
6.5.1 South Africa
6.5.2 Saudi Arabia
6.5.3 Rest of Middle East & Africa
7. Key Company Profiles
7.1 Cheng Shin Rubber Industry Co. Ltd.
7.2 JSR Corporation
7.3 IMERYS
7.4 Toyoda GOSEI
7.5 Sumitomo Rubber Industries
7.6 Yokohama Rubber Company
7.7 Zeon Corporation
7.8 Nankang Rubber Tire
7.9 TSRC Corporation
7.10 Federal Corporation
7.11 Hsin Yung Chien
7.12 Vietnam Rubber Group
7.13 Ravasco
7.14 Unitex Rubber
7.15 Halcyon Agri
* List of companies is not exhaustive
8. Competitive Landscape
8.1 List of Notable Players in the Market
8.2 M&A, JV, and Agreements
8.3 Market Share Analysis
8.4 Strategies of Key Players
9. Conclusions and Recommendations
LIST OF TABLES
Global Natural Rubber Market Size, Market Growth & Market Forecast Revenue(in USD), 2016-2026
North America Natural Rubber Market Size, Market Growth & Market Forecast Revenue(in USD), 2016-2026
United States Natural Rubber Market Size, Market Growth & Market Forecast Revenue(in USD), 2016-2026
Canada Natural Rubber Market Size, Market Growth & Market Forecast Revenue(in USD), 2016-2026
Mexico Natural Rubber Market Size, Market Growth & Market Forecast Revenue(in USD), 2016-2026
Europe Natural Rubber Market Size, Market Growth & Market Forecast Revenue(in USD), 2016-2026
United Kingdom Natural Rubber Market Size, Market Growth & Market Forecast Revenue(in USD), 2016-2026
Other Supporting Charts
Germany Natural Rubber Market Size, Market Growth & Market Forecast Revenue(in USD), 2016-2026
Italy Natural Rubber Market Size, Market Growth & Market Forecast Revenue(in USD), 2016-2026
France Natural Rubber Market Size, Market Growth & Market Forecast Revenue(in USD), 2016-2026
Rest of Europe Natural Rubber Market Size, Market Growth & Market Forecast Revenue(in USD), 2016-2026
South America Natural Rubber Market Size, Market Growth & Market Forecast Revenue(in USD), 2016-2026
Brazil Natural Rubber Market Size, Market Growth & Market Forecast Revenue(in USD), 2016-2026
Argentina Natural Rubber Market Size, Market Growth & Market Forecast Revenue(in USD), 2016-2026
Rest of South America Natural Rubber Market Size, Market Growth & Market Forecast Revenue(in USD), 2016-2026
Asia-Pacific Natural Rubber Market Size, Market Growth & Market Forecast Revenue(in USD), 2016-2026
China Natural Rubber Market Size, Market Growth & Market Forecast Revenue(in USD), 2016-2026
India Natural Rubber Market Size, Market Growth & Market Forecast Revenue(in USD), 2016-2026
Japan Natural Rubber Market Size, Market Growth & Market Forecast Revenue(in USD), 2016-2026
South Korea Natural Rubber Market Size, Market Growth & Market Forecast Revenue(in USD), 2016-2026
ASEAN Countries Natural Rubber Market Size, Market Growth & Market Forecast Revenue(in USD), 2016-2026
Rest of Asia-Pacific Natural Rubber Market Size, Market Growth & Market Forecast Revenue(in USD), 2016-2026
Midde East & Africa Natural Rubber Market Size, Market Growth & Market Forecast Revenue(in USD), 2016-2026
Saudi Arabia Natural Rubber Market Size, Market Growth & Market Forecast Revenue(in USD), 2016-2026
South Africa Natural Rubber Market Size, Market Growth & Market Forecast Revenue(in USD), 2016-2026
Rest of Middle-East & Africa Natural Rubber Market Size, Market Growth & Market Forecast Revenue(in USD), 2016-2026
Global Natural Rubber Market Size, Market Growth & Market Forecast Revenue(in USD), 2016-2026
North America Natural Rubber Market Size, Market Growth & Market Forecast Revenue(in USD), 2016-2026
United States Natural Rubber Market Size, Market Growth & Market Forecast Revenue(in USD), 2016-2026
Canada Natural Rubber Market Size, Market Growth & Market Forecast Revenue(in USD), 2016-2026
Mexico Natural Rubber Market Size, Market Growth & Market Forecast Revenue(in USD), 2016-2026
Europe Natural Rubber Market Size, Market Growth & Market Forecast Revenue(in USD), 2016-2026
United Kingdom Natural Rubber Market Size, Market Growth & Market Forecast Revenue(in USD), 2016-2026
Other Supporting Charts
Germany Natural Rubber Market Size, Market Growth & Market Forecast Revenue(in USD), 2016-2026
Italy Natural Rubber Market Size, Market Growth & Market Forecast Revenue(in USD), 2016-2026
France Natural Rubber Market Size, Market Growth & Market Forecast Revenue(in USD), 2016-2026
Rest of Europe Natural Rubber Market Size, Market Growth & Market Forecast Revenue(in USD), 2016-2026
South America Natural Rubber Market Size, Market Growth & Market Forecast Revenue(in USD), 2016-2026
Brazil Natural Rubber Market Size, Market Growth & Market Forecast Revenue(in USD), 2016-2026
Argentina Natural Rubber Market Size, Market Growth & Market Forecast Revenue(in USD), 2016-2026
Rest of South America Natural Rubber Market Size, Market Growth & Market Forecast Revenue(in USD), 2016-2026
Asia-Pacific Natural Rubber Market Size, Market Growth & Market Forecast Revenue(in USD), 2016-2026
China Natural Rubber Market Size, Market Growth & Market Forecast Revenue(in USD), 2016-2026
India Natural Rubber Market Size, Market Growth & Market Forecast Revenue(in USD), 2016-2026
Japan Natural Rubber Market Size, Market Growth & Market Forecast Revenue(in USD), 2016-2026
South Korea Natural Rubber Market Size, Market Growth & Market Forecast Revenue(in USD), 2016-2026
ASEAN Countries Natural Rubber Market Size, Market Growth & Market Forecast Revenue(in USD), 2016-2026
Rest of Asia-Pacific Natural Rubber Market Size, Market Growth & Market Forecast Revenue(in USD), 2016-2026
Midde East & Africa Natural Rubber Market Size, Market Growth & Market Forecast Revenue(in USD), 2016-2026
Saudi Arabia Natural Rubber Market Size, Market Growth & Market Forecast Revenue(in USD), 2016-2026
South Africa Natural Rubber Market Size, Market Growth & Market Forecast Revenue(in USD), 2016-2026
Rest of Middle-East & Africa Natural Rubber Market Size, Market Growth & Market Forecast Revenue(in USD), 2016-2026
