Global Rubber Market Size By Type, By Application, By Geographic Scope And Forecast

Rubber Market Size And Forecast

Rubber Market size was valued at USD 43.03 Billion in 2022 and is projected to reach USD 64.8 Billion by 2030, growing at a CAGR of 4.4% from 2023 to 2030.

Owing to rise in demand from various end-use industries promises to demonstrate a progressive performance of this segment. Increasing demand for tire and non-tire automotive parts is expected to influence the market growth during the forecasted period. Rubber is also witnessing an increasing usage in textiles which and industrial goods which acts as a driving factor for the growth of the market. The Global Rubber Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Rubber Market Definition

Rubber is a substance that can be stretched and does not allow water to pass through it. It has elastic properties that are obtained by coagulating the milky juice of any of various tropical plants. Natural rubber is obtained from latex which is a milky liquid present in either the latex vessels or in the cells of rubber-producing plants. It is extracted by a method called taping by making incisions into the bark and collecting the fluid into the vessels attached to the rubber trees. The liquid is a sticky milky sap called latex. It is one of the most natural polymers and is used in medical devices, aircraft and car tyers, pacifiers, clothes, toys and others.

Global Rubber Market Overview

Rubber has been witnessing a growing demand from the various end-use industries as it is being dominantly used as a raw material. It has a pervasive application for a wide variety of products like tires, crap tubes, adhesives, hoses, pipes, gaskets, and roll coverings. Increasing demand for tire and non-tire automotive parts adds fuel to the market growth. The applications in textile and industrial goods are expected to act as a driving factor for the growth of the market. However, the adoption of alternatives with better performance indicators is a hindrance to product adoption which is a restraining factor for this market.

Global Rubber Market Segmentation Analysis

The Global Rubber Market is segmented based on Type, Application, And Geography.

Rubber Market, By Type

• Natural
• Synthetic

Based on Type, The market is segmented into Natural And Synthetic. Natural rubber is also known as India rubber is obtained from the latex of a rubber tree. Synthetic rubber is a type of polymer synthesized from petroleum byproducts.

Rubber Market, By Application

• Industrial Goods
• Footwear
• Non-Tire Automotive
• Tire
• Others

Based on Application, The market is segmented into Industrial Goods, Footwear, Non-Tire Automotive, Tire, Others. Rubber is used in adhesives and cement making it a product choice for the construction industry. It is also used in friction tapes and insulating material which are various industrial goods where the rubber is being used. It also possesses elastic qualities and acts as the primary ingredient for footwear. Protective skirting on the doors of various vehicles is made out of rubber. It is not only used for the production of tires but for non-tire automotive articles as well.

Rubber Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the world

On the basis of Geography, The Global Rubber Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. The Asia-Pacific region holds the majority of the global rubber market. However, due to the region’s important automobile sector, North America also accounts for a sizable market share. The region’s key driving drivers include fast technical breakthroughs and rising domestic manufacture of automobile parts. Europe is also expected to increase significantly throughout the projection period.

Key Players

The “Global Rubber Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Unitex Rubber, Halcyon Agri, Ravasco, Tong Thai Rubber Group, Tradewinds Plantation Berhad, Vietnam Rubber Group, Southland Holding Lonza, Sri Trang Agro-industry, Von Bundit, and Dow Chemicals.

Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post sales analyst support

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