Global Natural Rubber Market 2017-2021

Overview of the global natural rubber market

The recovery of natural rubber prices results from various factors such as the betterment in prices of commodities and trends in the crude oil market. For instance, the decision to cut the supply of crude oil by the organization of the petroleum exporting countries (OPEC) resulted in an increased in crude oil prices. This in turn, influenced the prices of synthetic rubber and inflated the cost of production of synthetic rubber goods. As a result, various manufacturers inclined towards the adoption of cost-effective natural rubber goods. Research analysis on the global natural rubber market identifies that the rebound of rubber prices will be one of the major factors that will have a positive impact on the growth of the market. Furthermore, the rapid depreciation of China’s yuan renminbi and Japan’s yen also aided in the recovery of natural rubber price. Technavio’s natural rubber market forecasts that this market will grow at a CAGR of more than 4% by 2021.

Hevea brasiliensis is used to derive natural rubber. However, since it is critical to rely on one plant, the major players are focusing on alternate sources of natural rubber and have identified a perennial shrub called guayule. Guayule is found in the southwestern US and northern Mexico and mainly grows in arid zones. The demand for guayule shrubs is increasing because their cultivation requires less time when compared to para rubber trees. According to our analysts, the growing popularity of guayule-derived natural rubber materials will be one of the key natural rubber market trends that will gain traction in the market throughout the predicted period.

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Technavio's industry research report on the global natural rubber market 2017-2021 will help you-

• Identify latent opportunities and explorative solutions in the natural rubber market
• Identify your key competition, and what's making them tick?
• Help you build a comprehensive marketing plan, applicable across 50+ countries

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Competitive landscape and key vendors

The natural rubber market is characterized by the presence of several established and regional players. The major natural rubber manufacturers are focusing on launching innovative rubber products to improve their product portfolio. They are also heavily investing in research and developmental activities to produce new variants and new products. The natural rubber manufacturers are also adopting strategic alliances and mergers and acquisitions due to the increasing demand for natural rubber.

Key vendors in this market are -

• Bridgestone
• MICHELIN
• SINOCHEM GROUP
• Sri Trang Agro-Industry
• VON BUNDIT

Other prominent vendors in the market include Southland Rubber, Thai Hua Rubber, and THAI RUBBER.

Segmentation by application and analysis of the natural rubber market

• Tires
• Non-tires

The growing demand and production of automobile vehicles across the globe is driving the growth prospects for this global market in the tires segment. A significant amount of natural rubber is used in the tire industry as they possess a high resistance against heat. They are used in the manufacturing of high-quality tires that can sustain the effects of weather, insufficient air pressure, abrasive circumstances, and high speed.

Segmentation by geography and analysis of the natural rubber market

• Americas
• APAC
• EMEA

The largest revenue contributors to the natural rubber market in APAC includes countries such as South Korea, Japan, China, and India. The consumption of natural rubber is high in this region because China is a global manufacturing hub along with growth in the infrastructural and construction developments. The market will continue to grow in this region throughout the estimated period due to the expansion of western manufacturers in the developing economies, especially India and China and heavy investments from automobile manufacturers.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global natural rubber market?
• What are the key market trends impacting the growth of the global natural rubber market?
• What are the challenges to market growth?
• Who are the key vendors in the global natural rubber market?
• What are the market opportunities and threats faced by the vendors in the global natural rubber market?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global natural rubber market?

Technavio also offers customization on reports based on specific client requirement.