The global Natural
Rubber Market is expected to reach USD 33.87
Billion by 2027, according to a new report by Reports and Data. The growth of
the market is attributed to the growing demand for natural rubber from end-use
applications. Increasing demand for natural rubber in tire production is one of
the significant factors influencing the market growth. The benefits of natural
rubber comprises abrasion resistance and adhesion to metals, thereby making it
suitable in making of seals, gaskets, and other products.
Statistical
data indicating product consumption across all these topographies have been
cited in the report. These particulars additionally consist of a basic summary
of the corporations, company profile, and the product portfolio of the company
in focus. The report analyses the gathered information relating to the profits
accrued, sales, gross margins, price patterns, revenue and updates on the
activities of the company.
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Key
Players:
Key participants
include Bridgestone, Michelin, Sinochem Group, Sri Trang Agro-Industry, Von
Bundit, Halcyon Agri, Southland Rubber, Thaitex, Apcotex Industries Ltd., and
Firestone Natural Rubber Company, among others.
Further
key findings from the report suggest:
- Ribbed Smoked Sheets (RSS) are
coagulated rubber sheets processed from fresh field latex sourced from
well-managed rubber plantations adopting modern processing methods.
Domestically produced RSS rubber grades are in good demand for tires and
other product manufacture, indicating their quality and market
acceptability.
- By distribution channel, the online
distribution channel is projected to grow at a faster rate of 4.5% in the
period 2020-2027, as this mode of distribution has the advantage of
providing a broader exposure to the product produced by the manufacturers,
especially with the proliferation of smart devices and internet
connectivity.
- By application, footwear held a
substantial market size in 2019 and is likely to grow at a rate of 2.4% in
the forecast period
- The market in the Asia Pacific
region dominated the market in 2019 and is projected to grow at a rate of
2.9% in the forecast period. The market dominance of the APAC region is
attributed to the rapid urbanization, rise in the level of disposable
income, and growth of the end-use industries, particularly the automotive
and footwear industry.
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Market
Segmentation:
Product Type Outlook
(Volume, Kilo Tons; 2017-2027 and Revenue, USD Million; 2017-2027)
- RSS Grade
- Latex Concentrate
- Solid Block
Distribution
Channel Outlook (Volume, Kilo Tons; 2017-2027 and Revenue, USD Million;
2017-2027)
- Online
- Offline
Application Outlook
(Volume, Kilo Tons; 2017-2027 and Revenue, USD Million; 2017-2027)
- Automobiles
- Gloves
- Footwear
- Belting & Hose
Regional Outlook
(Volume, Kilo Tons; 2017-2027 and Revenue, USD Million; 2017-2027)
- North America
- U.S
- Europe
- U.K
- France
- Asia Pacific
- China
- India
- Japan
- Latin America
- Brazil
- MEA
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Objective of Studies:
·
To
provide country level analysis of the market with respect to the current market
size and future prospective.
·
To
provide country level analysis of the market for segment by application,
product type and sub-segments.
·
To
provide strategic profiling of key players in the market, comprehensively
analyzing their core competencies, and drawing a competitive landscape for the
market.
·
To
track and analyze competitive developments such as joint ventures, strategic
alliances, mergers and acquisitions, new product developments, and research and
developments in the global Natural Rubber market.
Thank
you for reading this article. You can also get chapter-wise sections or
region-wise report coverage for North America, Europe, Asia Pacific, Latin
America, and Middle East & Africa.
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