Natural Rubber Market Description
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 by 2022, from the current level of 12.43 million MT. However, the natural rubber market had previously observed a drop due to a shortage of demand from major consumers such as China and the U.S. The automobile market is also 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.
Asia is the dominant supplier of natural rubber due to a large yielding area. Top manufacturers of natural rubber are Sri Trang Agro, Southland Rubber, Thai Rubber Latex, Von Bundit, and Halcyon Agri. This report also incorporates various trade dynamics from countries such as Thailand, Malaysia, and Indonesia. 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.
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 Market Outlook
The global NR demand is projected to increase at a CAGR of 7.4 percent, and production is expected to be around 16.86 million MT by 2022, from the current level of 12.3 million MT in 2016 (E). Asia will continue to be the dominant supplier of NR, on the account of increase in yielding area and the average yield in top producing countries, like Thailand, Malaysia, and India
Natural Rubber Demand Market Outlook
The automobile market is expected to drive NR demand in Thailand and Indonesia, while the Malaysian NR market is expected to grow along with the rise in latex products, such as gloves and condoms.
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 & latex sectors, and the positive macroeconomic factors, such as rebound in the Chinese manufacturing activity05101520253035402014201520162017 (F)2018 (F)2019 (F)2020 (F)2021 (F)2022 (F)$
Natural Rubber Global Demand by Application
The major demand drivers, such as automobiles, tires & latex sectors, are expected to witness an optimistic outlook as 2017 progresses .Rise in automobile production in developed regions, such as the US and Europe, and improved demand trends for passenger cars in India, China, Korea, etc., are expected to support the global NR demand