CATEGORY
Natural Rubber
Natural Rubber is one of the major commodities that finds applications in tires, latex goods etc. The report here analyses the drivers of the market based on global and regional market scenario (current and outlook), market trends, trade dynamics, and cost and pricing analysis etc.
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Natural Rubber Industry Benchmarks
Savings Achieved
(in %)
The average annual savings achieved in Natural Rubber category is 5.30%
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(in days)
The industry average payment terms in Natural Rubber category for the current quarter is 82.5 days
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Specification Leanness
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Natural Rubber market frequently asked questions
The key players in the global natural rubber market are Thailand with a market share of 37%, Malaysia with a market share of 6%, and Indonesia with a market share of 27%. As it can be seen, Asia dominates the global rubber market.
According to Beroe's rubber market analysis report, the market is expected to grow at a CAGR of 4.8%. The rubber industry outlook report also states that the production amount is set to reach 17 MMT (million metric tonnes) by 2020. Moreover, the automobile industry is expected to increase the demand for rubber production in Thailand and Indonesia. The rubber price forecast shows that there may be a decline in prices due to losses in TOCOCM markets as well as the termination of the ITRC export curb scheme.
The global rubber industries are expected to witness a 4.8% growth by 2023.
The key demand drivers for the global rubber market are tyres and associated products, gloves, condoms, catheters, belts, etc.
Natural Rubber market report transcript
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, and Korea are expected to support the global natural rubber demand. However, a decline in auto and tire sales has been witnessed in 2018 and H1 2019.
- Emerging markets, such as China and India, are driving the total tire demand growth, as well as tire production.
- The tire industry is shifting to low-cost production countries.
- Latex products, such as gloves, dipped goods, are predominant in the Southeast Asian market, due to their strong R&D, sufficient supply and quality, like Malaysia and Thailand.
- The latex demand is quite high in Malaysia to meet the rise in demand; being a producer, the region still imports from Thailand.
- Other NR segments portray a modest market share, in terms of demand and growth, compared to other major end uses. These sectors are impacted by technology, economies of scale, efficient operational costs, etc.
- In India, based on the above factors, imported non-tire products are cheaper than domestic products
Natural Rubber Global Market Size
- The NR market witnessed a lack of strong growth catalysts in 2019 to H1 2020, with a decline in sales of auto and tires.
- The weakness in key downstream automobile and tire operations combined with downtrend in oil prices and buying momentum due to COVID-19, US-China trade war and other macro economic factors, demand had waned down in 2020.
- Asia continues to be the dominant supplier of NR, due to the increase in yielding area, and the average yield in the top producing countries, like Thailand, Malaysia, and India.
- Emerging NR producers, such as Ivory Coast, Cambodia, etc., are likely to showcase competition in the future
Natural Rubber Market - Drivers and Constraints
Drivers
High Demand in Industrial Use Cases
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In industrial applications, natural rubber is majorly utilized to produce different material handling equipment including seismic bearings, hoses, elevator belts, and tubes.
Development of New Products
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Reinforced products, including conveyor belts, air-brake diaphragms, and drive belts, are developed from coated or calendered rubber on a stationary or revolving drum.
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When amalgamated with various chemicals and polymers, natural rubber delivers strong results in manufacturing pacemakers, respirators, and surgical supplies.
Constraints
Availability of Alternatives
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The natural rubber industry market size is getting severely affected by the presence of substitutes such as polymers, plastics, and vinyl, which are relatively cheaper and are produced on a large scale across the world.
Why you Should Buy This report
This industry report on the natural rubber market offers quantitative and qualitative insights and a comprehensive assessment of market size and growth rate for all segments. In tandem with this, the research study offers a detailed evaluation of natural rubber price and competitive landscape. Different important data presented in the industry report include market dynamics, ongoing trends, Porter’s Five Forces analysis, macro and microeconomic factors, and company profiles.