Natural Rubber Market Research Report
The global demand for natural rubber is predicted to grow at a CAGR of 4.2 percent and the production is set to touch 16.16 million MT (Metric Tons) by 2022, from the current level of 12.43 million MT. The automobile market is anticipated to increase the demand for natural rubber production in Thailand and Indonesia. On the other hand, the natural rubber market in Malaysia is set to grow due to the rise in latex products such as condoms and gloves.
Natural Rubber - Global Market Analysis & Forecast
- Thailand, with a supply share of 37 percent is estimated to supply 4.65 million MT of natural rubber at a CAGR of 4.5 percent by 2022
- Only 14 percent of natural rubber is consumed domestically in Thailand, but it continues to be one of the most suitable sourcing regions as the area provides good quality rubber with a sufficient supply and low costs
- Asia will continue to be the dominant supplier of NR(Natural Rubber) due to the increase in yielding area and the average yield in top producing countries like Thailand, Malaysia, and India
Natural Rubber - Top Manufacturers
- Sri Trang Agro
- Southland Rubber
- Thai Rubber Latex
- Von Bundit
- Halcyon Agri
Why should you buy this report
The report provides insights on the following:
- Global Trade Dynamics
- Regional Market Outlook- Thailand, Malaysia, Indonesia
- Cost Structure Analysis
- Price Forecast
- Information relating to market, supply, cost, and pricing analysis
- Hard to find data on cost and TCO models, supplier details, and performance benchmarks
- Macro-economic and regional trends impacting cost, supply, and other market dynamics
- Category-specific negotiation and sourcing advise
- This report incorporates various trade dynamics from countries such as Thailand, Malaysia, and Indonesia
Methodology for writing this Report
Beroe gathers intelligence through primary sources that include industry experts, researchers, and consultants, as well as current suppliers, producers and distributors. Secondary sources can include business journals, newsletters, magazines, market research data, company sources, and industry associations. Following data collation, analysis, and strategic review, the Final Research Report is published on Beroe LiVE.
Natural Rubber Global Demand by Application
The major demand drivers, such as automobiles, tires and latex sectors, are expected to witness an optimistic outlook as 2017 progresses
The automobile production rise in developed regions, such as the US and Europe, and improved demand for passenger cars in India, China, Korea, etc.,are expected to support the global Natural Rubber demand
Natural Rubber Global Market Size
- The NR market is expected to come out of the lackluster market sentiments, portrayed from 2014 to early 2016
- This positive outlook would align with strong support from limited supply concerns, demand from automobiles, tires and latex sectors, and the positive macroeconomic factors, such as rebound in the Chinese manufacturing activity
- The NR market had witnessed a decreasing trend from 2014 to early 2016, due to lack of support from downstream demand from major consumers, such as China, the US, etc
- Prices declined sharply to a 34 percent difference from January 2014 to January 2015
- During the second half of 2016, the industry witnessed a rebound in market sentiments, leading to supply shortage and high prices
- Major demand drivers, such as automobiles, tires, and latex sectors, are expected to witness an optimistic outlook, thereby providing a strong revival market support, in terms of rise in consumption trends
- Price hikes from supply crunch and volatility in crude oil prices are expected to impact the market
- This may support TOCOM market shares, rebound in Chinese manufacturing activities, firm boost from the downstream sectors, etc.,as the year progresses
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