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