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Natural Rubber
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Intelligence covers market and price outlook, SWOT analysis, demand & supply drivers, engagement models and Procurement best practices

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Intelligence covers market and price outlook, SWOT analysis, demand & supply drivers, engagement models and Procurement best practices

1

Intelligence on category covers the following aspects market outlook, supply market, SWOT analysis, Cost components & Price outlook, Demand and supply drivers, Engagement Models and Procurement Best Practices

manage-risk

Assess Supplier Risk based on key risk and compliance parameters

1

Supplier assessment covers the following parameters Financial Risk, Ethical, Labor, Environmental Compliance, IT Security.

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Supplier assessment is powered by world’s leading data partners including D&B, CreditSafe, Dow Jones, Refinitiv, Orpheus

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Identify right fit suppliers based on your selection criteria including revenue, capabilities, certification, geography

1

Select suppliers based on industry, country, classification from a database of 4.2 mn suppliers. Get detailed supplier profiles with supplier capabilities, revenue, certifications, risk ratings

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Benchmark your category performance against peers and the market

1

Measure category performance on 15 key parameters across cost, risk and strategy KPIs

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Get information on key factors affecting your supply

1

Source Macro Data and Market Indices information from leading data sources across these key areas - Labor Rates, Currency, Energy, Country Risk, Trade Flow/Transportation, Port Data, Tariff, Weather and Epidemics

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COVID 19 impact on Natural Rubber market

 

  • Though the demand for rubber in the automotive sector decreased due to global economic slump due to the concerns over the Coronavirus spread, the demand for latex for the production of rubber gloves increased in order to meet the rising demand during the pandemic
  • The top rubber producer in Vietnam Rubber Group (VRG) started targeting buyers outside of China as the COVID-19 epidemic could further suppress the demand from the largest volume consuming country, China
  • After shutting down their operations, some of the Tier 1 tire manufacturers such as Michelin, Goodyear and Continental A.G. announced that they had resumed their operation in China with limited capacity after the outbreak and spread of COVID-19 epidemic

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Natural Rubber Category Intelligence

Report Coverage

  • 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

Natural Rubber Market Overview

The global demand for natural rubber is predicted to grow at a CAGR of 4.8 % (2019–2023) and the production is set to touch ~17 MMT (Million 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.

The natural rubber market witnessed a lack of strong growth catalysts from 2019 to H1 2020, with a decline in sales of auto and tires. Further, the weakness in key downstream automobile and tire operations combined with a downtrend in oil prices and buying momentum due to the COVID-19 crisis, US-China trade war and other macroeconomic factors, demand had waned down in 2020.

Natural Rubber Market Analysis & Forecast

  • Thailand, with a supply share of 37%, is estimated to supply 4.65 million MT of natural rubber at a CAGR of 4.5% by 2022.
  • Only 14% 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 natural rubber owing to the increase in yielding area and the average yield in top producing countries including Thailand, Malaysia, and India.
  • Emerging natural rubber producers, such as Ivory Coast, and Cambodia, among others, are likely to showcase competition in the future.
  • Opportunities: Shift of the tire industry toward low-cost production countries is expected to open new avenues of tire growth, thereby increasing the natural rubber market share.
  • Challenge: Shortage in supply, post-2020, on account of the decrease in plantations post-2014, would pose concerns of limited output in supply.
  • The natural rubber price forecast shows that with the weakening downstream demand, losses in TOCOCM markets, as well as the end of the ITRC export curb scheme; the ongoing supply limitations may curb further declines in prices.

natural-rubber-market-size

Natural Rubber - Top Manufacturers

  • Sri Trang Agro
  • Southland Rubber
  • Thai Rubber Latex
  • Von Bundit
  • Halcyon Agri

Natural Rubber Market Trends

The demand for natural rubber is surging owing to its characteristic properties such as resistance to abrasion and adhesion to metals, making it suitable for manufacturing tyres, seals, and others. 

The high vibration dampening, tensile strength, and tear resistance of natural rubber are making it perfect and more preferable over synthetic rubber for its usage in the automobile and construction industries. 

Moreover, natural rubber is finding immense use in footwear production given its umpteen slip resistance, durability, and tensile resistance. The footwear sector leverages natural rubber to make various kinds of footwear such as formal, casual, and protective footwear.  

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 Market Trends

Category Intelligence on Natural Rubber covers the following

  • Information relating to market, supply, cost, and pricing analysis
  • Hard to find data on cost and TCO models, supplier details, and performance benchmarks
  • Macroeconomic and regional trends impacting cost, supply, and other market dynamics
  • Category-specific negotiation and sourcing advice

Table of contents

  1. Natural Rubber Executive Summary
  2. Global Market Outlook
  3. Supply Market Outlook
  4. Demand Market Outlook
  5. Industry Best Practice
  1. Natural Rubber Market Analysis
  2. Global Market Size - NR
  3. Global Capacity - Demand Analysis
  4. Global Demand by Application
  5. Global Market Outlook
  6. Global Trade Dynamics
  7. −Global Imports
  8. −Global Exports
  9. Regional Market Outlook (Thailand, Malaysia, and Indonesia)
  10. − Supply - Demand Trends and Outlook
  11. −Trade Dynamics
  1. Natural Rubber Industry Analysis
  2. Industry Outlook (Thailand, Malaysia, and Indonesia)
  3. − Porter's Five Forces Analysis
  4. − Industry Drivers and Constraints
  5. − Industry Updates
  6. − Innovations
  1. Cost and Price Analysis (Asia)
  2. − Cost Structure Analysis
  3. − Price Forecast

 

  1. Purchasing Process and Sustainability Initiatives
  2. Purchasing Process: RFP/RFI Questionnaire
  3. Sustainability Initiatives in Natural Rubber

 

  1. Natural Rubber Industry Best Practices
  2. Category Summary – COVID-19 Impact
  3. Impact Assessment: Natural Latex
  4. Engagement Models

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Industry Outlook & Drivers

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

  • 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

  • Reinforced products, including conveyor belts, air-brake diaphragms, and drive belts, are developed from coated or calendered rubber on a stationary or revolving drum.

  • When amalgamated with various chemicals and polymers, natural rubber delivers strong results in manufacturing pacemakers, respirators, and surgical supplies.

Constraints 

Availability of Alternatives 

  • 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.

 

Natural Rubber Market Frequently Asked Questions

  1. Who are the major players in the natural rubber industry?
  2. 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. 

 

  1. What are the latest trends in the natural rubber market?
  2. 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. 

 

  1. What will be the expected growth of the natural rubber industry?
  2. The global rubber industries are expected to witness a 4.8% growth by 2023. 

 

  1. What are the key drivers of the natural rubber market?
  2. The key demand drivers for the global rubber market are tyres and associated products, gloves, condoms, catheters, belts, etc. 

Natural Rubber

Top Suppliers

  • Sri Trang Agro
  • Halcyon Agri
  • Von Bundit
  • Southland Rubber

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