糖心vlog传媒

logo

Natural Rubber Market Size (2024 - 2029)

The natural rubber market is projected to experience growth due to its essential role in producing a wide range of products, particularly in the automotive and construction sectors. The market's expansion is driven by the increasing demand for natural rubber, which is favored for its superior properties over synthetic alternatives. The Asia-Pacific region dominates both production and consumption, with significant contributions from countries like Thailand, Vietnam, and China. The rising need for latex products and the growth of the automobile industry are key factors expected to influence the market size positively during the forecast period.

Home Market Analysis Agriculture Research Agricultural Commodities Research Specialty Commodities Research Industrial Commodities Research Natural Rubber Research Rubber Industry Market Size

Market Size of Natural Rubber Industry

Natural Rubber Market Summary
Study Period 2019 - 2029
Market Size (2024) USD 18.14 Billion
Market Size (2029) USD 22.82 Billion
CAGR (2024 - 2029) 4.70 %
Fastest Growing Market Asia-Pacific
Largest Market Asia-Pacific

Natural Rubber Market Analysis

The Natural Rubber Market size is estimated at USD 18.14 billion in 2024, and is expected to reach USD 22.82 billion by 2029, growing at a CAGR of 4.70% during the forecast period (2024-2029).

Natural rubber is one of the essential polymers as it is an essential raw material used to create more than 40,000 products. It is used in manufacturing tires, latex products, toys, footwear, and other latex-related products.聽Natural rubber is preferred over synthetic rubber due to its high tensile strength, vibration-dampening properties, and tear resistance. This makes it important for the construction and automobile industries. The growth of the automobile market across countries is anticipated to increase the demand for natural rubber production. Furthermore, the demand for latex products, such as catheters, gloves, and belts, is also increasing the demand for natural rubber globally.

Asia-Pacific is the largest producer, producing over 90% of the global natural rubber production. According to FAOSTATS, in 2022, the production quantity of natural rubber was 12.8 million metric tons, which increased from 12.5 million metric tons in 2021. Major countries involved in rubber production are Thailand, Vietnam, Indonesia, China, and India.

Besides production, Asia-Pacific is also the world's largest consumer of natural rubber due to the presence of major automobile manufacturing countries such as China, Japan, and India. For instance, China is the world's largest importer and consumer of natural rubber, consuming around 40.0% of the total global output annually. According to the ITC Trademap, India imported 562.1 thousand metric tons of natural rubber in 2022, highlighting a strong demand that outstrips domestic production. Therefore, the rising demand for latex products, coupled with the growing global automobile and construction industry, is one of the major factors anticipated to drive the natural rubber market during the forecast period.

Natural Rubber Industry Segmentation

Natural rubber is an elastic material obtained from the latex sap of trees, like the genera Hevea and Ficus, which can be vulcanized and finished into various products used for daily purposes. The report defines the market in terms of end users who procure natural rubber for various applications.

The rubber market includes production analysis (volume), consumption analysis (value and volume), export analysis (value and volume), import analysis (value and volume), and price trend analysis. The rubber market is segmented by geography into North America, Europe, Asia-Pacific, South America, and Africa.

The report offers the market size and forecasts in terms of volume in metric tons and value in USD for all the above segments.

Geography (Production Analysis, Consumption Analysis by Value and Volume, Import Analysis by Value and Volume, and Export Analysis by Value and Volume and Price Trend Analysis)
North America
United States
Mexico
Europe
Germany
France
Italy
Turkey
Asia-Pacific
China
Malaysia
Thailand
Japan
India
Indonesia
South America
Brazil
Chile
Africa
South Africa
Need A Different Region Or Segment?
Customize Now

Natural Rubber Market Size Summary

The natural rubber market is poised for significant growth, driven by its essential role as a raw material in the production of over 40,000 products, including tires, latex products, and footwear. Its superior properties, such as high tensile strength, vibration dampening, and tear resistance, make it a preferred choice over synthetic rubber, particularly in the automotive and construction industries. The expanding automobile market globally is expected to further boost the demand for natural rubber, alongside the rising need for latex products like catheters and gloves. The Asia-Pacific region dominates both the production and consumption of natural rubber, with countries like Thailand, Vietnam, and Indonesia leading in production, while China, Japan, and India are major consumers due to their robust automobile manufacturing sectors.

The increasing demand for natural rubber is also fueled by the growth of industrial and infrastructure sectors in developing economies, which is enhancing the demand for automobiles and, consequently, rubber. The footwear industry contributes to this demand, leveraging natural rubber's durability and slip resistance. The market is supported by significant global production, with Thailand being the top producer, largely through smallholder farmers. These farmers, however, face challenges in income due to intermediaries handling their produce. Investments in sustainable rubber procurement and production enhancements, such as those by Sumitomo Rubber Group and Bridgestone Corporation, are aimed at ensuring a steady supply and improving the economic conditions of rubber producers.

Explore More

Natural Rubber Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Increasing Demand from Multiple Industries

      2. 1.2.2 Growth in Income Levels of Consumers and Products

      3. 1.2.3 Increasing Demand for Sustainable and Biodegradable Products

    3. 1.3 Market Restraints

      1. 1.3.1 Disease and Pests are Affecting Rubber Plants

      2. 1.3.2 Health Hazards and Environmental Issues Associated with the Rubber Cultivation

    4. 1.4 Value Chain Analysis

  2. 2. MARKET SEGMENTATION

    1. 2.1 Geography (Production Analysis, Consumption Analysis by Value and Volume, Import Analysis by Value and Volume, and Export Analysis by Value and Volume and Price Trend Analysis)

      1. 2.1.1 North America

        1. 2.1.1.1 United States

        2. 2.1.1.2 Mexico

      2. 2.1.2 Europe

        1. 2.1.2.1 Germany

        2. 2.1.2.2 France

        3. 2.1.2.3 Italy

        4. 2.1.2.4 Turkey

      3. 2.1.3 Asia-Pacific

        1. 2.1.3.1 China

        2. 2.1.3.2 Malaysia

        3. 2.1.3.3 Thailand

        4. 2.1.3.4 Japan

        5. 2.1.3.5 India

        6. 2.1.3.6 Indonesia

      4. 2.1.4 South America

        1. 2.1.4.1 Brazil

        2. 2.1.4.2 Chile

      5. 2.1.5 Africa

        1. 2.1.5.1 South Africa

Natural Rubber Market Size FAQs

The Natural Rubber Market size is expected to reach USD 18.14 billion in 2024 and grow at a CAGR of 4.70% to reach USD 22.82 billion by 2029.

In 2024, the Natural Rubber Market size is expected to reach USD 18.14 billion.

Natural Rubber Market Report Snapshots

Rubber Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)