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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CATEGORY ALERTS

Indian Prices Declined

July 19, 2022
alert level: Medium

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Natural Rubber Market Monitoring Dashboard

Price Trend
1631.92
Jan-2023
USD/MT
History Forecast
Supply Demand

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Natural Rubber Industry Benchmarks

Savings Achieved

(in %)

The average annual savings achieved in Natural Rubber category is 5.30%

Payment Terms

(in days)

The industry average payment terms in Natural Rubber category for the current quarter is 82.5 days

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Category Strategy and Flexibility

Engagement Model

Supply Assurance

Sourcing Process

Supplier Type

Pricing Model

Contract Length

SLAs/KPIs

Lead Time

Supplier Diversity

Targeted Savings

Risk Mitigation

Financial Risk

Sanctions

AMEs

Geopolitical Risk

Cost Optimization

Price per Unit Competitiveness

Specification Leanness

Minimum Order Quality

Payment Terms

Inventory Control

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    Natural Rubber Suppliers

    9,903
    Total Suppliers
    576
    Diverse Suppliers
    75
    Normalized Supplier Rating
    Natural Rubber Supplier

    Find the right-fit natural rubber supplier for your specific business needs and filter by location, industry, category, revenue, certifications, and more on Beroe LiVE.Ai™.

    Sample Supplier
    Company
    BASF SE
    Location
    Jackson, Mississipi
    Duns number
    3862211
    D&B SER Rating
    dnb logo

    Up to 3 months

    1 9
    1
    Low Risk High Risk

    The Supplier Evaluation Risk (SER) Rating is Dun & Bradstreet’s proprietary scoring system used to assess the probability that a business will seek relief from creditors or cease operations within the next 12 months. SER ratings range from 1 to 9, with 9 indicating the highest risk of failure. We’ve prepared an infographic to help business owners better understand what influences their SER Rating.

    Creditsafe Rating

    D/2

    The Supplier Evaluation Risk (SER) Rating is Dun & Bradstreet’s proprietary scoring system used to assess the probability that a business will seek relief from creditors or cease operations within the next 12 months. SER ratings range from 1 to 9, with 9 indicating the highest risk of failure. We’ve prepared an infographic to help business owners better understand what influences their SER Rating.

    A 71 - 100

    Very Low Risk

    B 51 - 70

    Low Risk

    C 30 - 50

    Moderate Risk

    D 21 - 29

    High Risk

    E 0 - 20

    Not Rated

    Moody`s ESG Solution
    ESG Profile
    Company and Sector Performance
    59
    100
    Robust (1)
    ESG Perfomance (/100)
    Environment
    60
    Social
    59
    Governance
    57
    6 Domains Performance (/100)
    Business behaviour
    62
    Human rights
    68
    Community Environment
    42
    Corporate governance
    60
    Human resources
    61
    Security Scorecard
    82
    Threat indicators
    B
    83
    Network Security
    Detecting insecure network settings
    A
    100
    Hacker Chatter
    Monitoring hacker sites for chatter about your company
    D
    62
    DNS Health
    Detecting DNS insecure configuration and vulnerabilities
    B
    80
    Application Security
    Detecting common website application vulnerbilities
    B
    81
    Endpoint Security
    Detecting unprotected enpoints or entry points of user tools, such as desktops, laptops mobile devices, and virtual desktops
    A
    100
    Cubic Score
    Proprietary algorithms checking for implementation of common security best practices
    B
    85
    Patching Cadence
    Out of date company assets which may contain vulnerabilities of risk
    A
    100
    Social Engineering
    Measuring company awareness to a social engineering or phising attack
    A
    94
    IP Reputation
    Detecting suspecious activity, such as malware or spam, within your company network
    A
    100
    Information Leak
    Potentially confidential company information which may have been inadvertently leaked
    Industry Comparison
    basf.com
    Industry average
    Adverse Media Appearances
    Environmental Issues
    17
    Workforce Health Safety Issues
    0
    Product Service Issues
    22
    Human Rights Issues
    3
    Production Supply Chain Issues
    35
    Environmental Non Compliance Flags
    74
    Corruption Issues
    0
    Regulatory Non Compliance Flags
    21
    Fraud Issues
    8
    Labor Health Safety Flags
    12
    Regulatory Issues
    13
    Workforce Disputes
    6
    Sanctions
    0
    esg energy transition
    49
    Discrimination Workforce Rights Issues
    3
    esg controversies critical severity
    Yes

    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

    • 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.