BANGALORE, India | 17th September 2020: According to the new market research report “Natural Rubber Market by Type (Ribbed Smoked Sheet, Technically Specified Rubber, Latex), by Application (Automotive (Non-Tire Applications), Medical, Industrial, Consumer Goods) and Region – Global Forecast to 2026. In 2019, the global Natural Rubber market size was USD 23560 Million, and it is expected to reach USD 27870 Million by the end of 2026, with a CAGR of 2.4% during 2021-2026.
The major factor driving the Natural Rubber market size is the Growing demand for natural rubber products due to a rise in the automobile industry.
This report has estimated the size of the natural rubber market in terms of value. In this report, the market has broadly been segmented based on types, applications, and regions.
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TRENDS INFLUENCING THE NATURAL RUBBER MARKET SIZE
Increasing demand from the footwear industry is fuelling the Natural Rubber market size. The footwear industry uses a broad range of materials to produce footwear from casual footwear to specialized items, including protective footwear and protection footwear. The natural rubber has many physical characteristics ideal for the manufacture of the shoe sole.
The rising demand for natural rubber in tire production is driving the Natural Rubber market size. Natural rubber’s advantages include abrasion resistance and adhesion to metals, making it suitable for producing seals, gaskets, and other goods.
Another factor that is expected to increase the Natural Rubber market size is the strong demand for natural rubber products due to a rise in crude oil prices.
NATURAL RUBBER MARKET SHARE ANALYSIS
The Asia Pacific is expected to hold the largest Natural Rubber Market share during the forecast period. China is poised to be the region’s leading natural rubber market. Natural rubber consumption in China is high because of infrastructural and building developments. Other major natural rubber markets in the Asia Pacific include Japan, South Korea, and India.
North America and Europe are expected to hold a significant share in the overall market.
Regional and Country-level Analysis:
- United States
- South Korea
- Southeast Asia
- Rest of Asia-Pacific
- Nordic Countries
- Rest of Europe
- Rest of Latin America
Middle East & Africa
- Saudi Arabia
- Rest of MEA
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NATURAL RUBBER MARKET SEGMENTATION
Segment by Type, the Natural Rubber market is segmented into
Segment by Application, the Natural Rubber market is segmented into
- Automotive (Non-Tire Applications)
- Consumer Goods
- Firestone/Sameer Africa
- Horizon Addis Tyre
- Tyre Corporation(Kal Tire)
- NUVO™ Rubber Compounders
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● Industrial Rubber Market
The Global Industrial Rubber Market size is expected to grow from USD 27,111.79 Million in 2019 to USD 35,746.68 Million by the end of 2025 at a Compound Annual Growth Rate (CAGR) of 4.71%.
● Rubber Latex Thread Market
The global Rubber Latex Thread market size is projected to reach USD 517.9 Million by 2026, from USD 417.9 Million in 2020, at a CAGR of 3.6% during 2021-2026.
● Natural Rubber Sheets Market
● Natural Rubber for Mining Market
● Technically Specified Rubber Market
● Natural Rubber Latex Condoms Market