Rubber Market Size and Outlook 2020-2027

The main players covered in the rubber market are Von Bundit (Thailand), Sri Trang Agro-Industry (Thailand), Southland Holding Lonza (Thailand), Vietnam Rubber Group (Vietnam), Tradewinds Plantation Berhad (Malaysia), ARLANXEO (Pays- Bottom), Kumho Petrochemical Co., Ltd. (South Korea), PetroChina (China), TSRC Corporation (Taiwan), LG Chem (South Korea), Versalis (Italy), Dow Chemicals (United States), Tong Thai Rubber Group (Thailand), Ravasco (India) , Halcyon Agri (Singapore), Unitex Rubber (Thailand) and other companies featured

Pune, India, September 21, 2021 (GLOBE NEWSWIRE) – The world rubber market size is expected to reach USD 51.21 billion by 2027, with a CAGR of 5.3% during the forecast period. Rising demand for tires and other auto parts will simultaneously boost opportunities during the forecast period. The increasing use of rubber in a wide range of automotive products such as tires, shit tubes, adhesives, hoses, hoses, seals and roller coatings will further expand the scope of the market.

In addition, the increasing application in footwear, industrial products, construction, textiles and other consumer products will contribute to the expansion of the market. For example, the use of latex provides substantial protection against water, chemicals, electricity, shock and low temperatures. Moreover, its use in a variety of textiles and consumer products, such as tapes, protective covers, rugs and the like, will further promote the growth of the market.

Strong demand from the automotive industry due to its insulation property will propel the market growth during the forecast period. The market size was $ 40.77 billion in 2019.

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The best companies presented in the world Rubber market are:

  • ARLANXEO (Netherlands)

  • Kumho Petrochemical Co., Ltd. (South Korea)

  • PetroChina (China)

  • TSRC Corporation (Taiwan)

  • LG Chem (South Korea)

  • Versalis (Italy)

  • Dow Chemicals (United States)

  • Von Bundit (Thailand)

  • Sri Trang Agribusiness (Thailand)

  • Southland Holding Lonza (Thailand)

  • Vietnam Rubber Group (Vietnam)

  • Tradewinds Plantation Berhad (Malaysia)

  • Tong Thai Rubber Group (Thailand)

  • Ravasco (India)

  • Halcyon Agri (Singapore)

  • Unitex rubber (Thailand)

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Supply chain disrupted to cut business amid coronavirus

The coronavirus incident has resulted in the closure of production facilities and transportation restrictions. The disruption of supply and distribution can further limit the scope of the market. The main affected countries are China, India, Germany, Italy, Brazil and Canada. China is a big consumer of rubber. The constraint on the export and import activities of industrial rubber products and tires will act as an inhibiting factor for the development of the world market.

Regional analysis:

Increase in construction activity to support growth in Asia-Pacific

The market size in Asia-Pacific was USD 22.09 billion in 2019 and is expected to experience exponential growth rate during the forecast period. Growth in the region is attributed to increased production and consumption in India and China. Thailand is the largest producer of natural rubber. The thriving automotive and construction industry is expected to allow the market to expand rapidly in the region. The market in North America is expected to grow significantly due to the increasing demand in footwear applications. The growth of the automotive, chemical and textile industries is expected to create opportunities for the market in North America.

Key development:

june 2018: Kumho Petrochemical has announced that it has expanded its NB latex production capacity from 400 KT to 550 KT per year at its manufacturing facility in Ulsan.

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Detailed table of contents:

  • introduction

  • Abstract

  • Market dynamics

    • Market factors

    • Market constraints

    • Market opportunities

  • Key ideas

    • Main emerging trends – for the main countries

    • Key developments: Mergers, Acquisitions, Partnerships, etc.

    • Overview of the regulatory scenario

    • Porters Five Forces Analysis

  • Qualitative analyzes – Impact of COVID-19 on the global rubber market

  • Global Rubber Market Analysis, Outlook and Forecast, 2016-2027

TOC Continued…!

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Take a look at the related research analyzes:

Rubber Compounds Market Industry Size, Share & Analysis, By Rubber Type (Silicone Rubber, Fluorinated Rubber, Butyronitrile Rubber, EPDM Rubber, Chloroprene Rubber, Others), By End User (Tires, Hoses & Belts, Roofing & Geomembranes, Footwear, wire and cable Insulation, others) and regional forecast, 2020-2027

Foam Rubber Market Analysis of size, share and industry, by stiffness (rigid foam, flexible foam), by type of foam (polyurethane foam, crosslinked polyethylene foam, neoprene foam, silicone foam, chloride foam Polyvinyl – Nitrile Butadiene Rubber (PVC – NBR Blend, Others), by Application (Furniture, Construction, Automotive) Others and Regional Forecast, 2019-2026

Foam Rubber Materials Market Size, Share and Industry Analysis, By Type (Crosslinked Polyethylene Foam, Polyurethane Foam, Microcellular Urethane Foam), By Application (HVAC Access Door Dust Gaskets, Cabinet Insulation , noise and vibration reducers, transportation, automotive linings, refrigerated transportation vehicles, foam rubber tubing) and regional forecast, 2019-2026

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