VINACHEM

The Global Natural Rubber Market Size is to Grow from USD 16.5 Billion in 2022 to USD 25.2 Billion by 2032, at a Compound Annual Growth Rate (CAGR) of 4.3% during the projected period according to Spherical Insights LLP. Natural rubber is an organic elastic hydrocarbon polymer derived from the latex sap of trees in the Hevea and Ficus general.

The technically specified segment dominates the market with the largest revenue share of more than 36.8% over the forecast period.

Based on grade, the global natural rubber market is segmented into technically specified, ribbed smoked sheets, thick pale creep, and others. Among these, the technically specified segment is dominating the market with the largest revenue share of more than 36.8% over the forecast period. Rubber is a light and soft rubber derived from the latex of the rubber tree, with a diverse range of chemical properties. This type of rubber is primarily used in the production of automobile and aircraft tires, as well as building cement. The use of natural rubber in these industries has increased due to its rapid growth.

The footwear segment is projected to grow at the highest CAGR in the market during the forecast period.

Based on application, the global natural rubber market is segmented into automotive components, surgical gloves, conveyor belts, footwear, latex products, rubber pipes, general products, and others. Among these, the footwear segment grows at the highest CAGR growth over the forecast period. The segment produces footwear ranging from formal and casual footwear to technical products such as safety and protective footwear made from a variety of materials. Physical properties required for the manufacture of shoe soles include durability, slip resistance, oil resistance, abrasion resistance, tensile resistance, the ability to be molded into various shapes, and tear strength resistance.

The automotive segment is expected to hold the rapid revenue growth of the global natural rubber market during the forecast period.
Based on end-use, the global natural rubber market is classified into automotive, construction, aerospace, medical, electronic & electrical, footwear, printing, oil & gas, and others. Among these, the automotive segment is expected to grow at a rapid pace during the forecast period. Natural rubber containing an isoprene compound has a high elasticity and can be molded into a variety of shapes and sizes. Natural rubber is used to make tires for a variety of vehicle types, including passenger and light commercial vehicles, due to its high elasticity and flexibility. Natural rubber is used to make window sealant, automotive mats, engine mounts, and wiper blades in addition to tires.

Asia Pacific dominates the market with the largest market share of more than 35.8 over the forecast period. Asia Pacific will hold the largest market share over the forecast period. The region includes major natural rubber end-user countries such as China and India during the forecast period, which have widely recognized automotive, footwear, and construction sectors. As a result, these countries’ economic development has increased industrial manufacturing and consumer spending. Increased demand for natural rubber in the automotive, footwear, and construction industries will necessitate increased use of natural rubber in automotive tires, cement, and shoe soles. During the forecast period, this will contribute to the growth of the global natural rubber market.

Competitive Analysis: The report offers the appropriate analysis of the key organizations/companies involved within the global market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Major vendors in the Global Natural Rubber Market include Coloplast A/S, Sinochem Corporation, China Hainan Rubber, Von Bundit, Thai Rubber Latex Group, Hanna Rubber Company, American Phoenix Inc., Cooper Standard ISG, Halcyon Agri Corporation Limited, Southland Rubber Group, and among others.  – Source: RW –