Natural Rubber Market Scope
Despite the introduction of manufactured rubber, the natural rubber sector has grown in recent years. Natural rubber is made up of polymers of the organic compound isoprene, as well as minor organic component impurities and water. Malaysia is the world's largest rubber producer. Elastomers are types of poly isoprene that are utilised as natural rubbers. Rubber goods are made from natural rubber. Rubber is currently collected mostly in the form of latex from certain trees. The industry's growth has been based on well-targeted research and development in disciplines such as agronomic science, breeding to increase productivity, and physics, chemistry, and technology to support and extend an ever-growing number of uses.
The Natural Rubber market study is segmented by Type (RSS Grade, Latex Concentrate, Solid Block Rubber and Others), by Application (Moulded Component, Chappal, Tread Rubber, Footwear and Others) and major geographies with country level break-up.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that Indian Vendors will contribute to the maximum growth of Global Natural Rubber market throughout the predicted period.
Kent Elastomer (United States), Rubfila International Limited (India), Reliable Corporation (India), West American Rubber Company, LLC. (United States), Asbestos India (India), Timco Rubber (United States), Mandelia Insulation & Transmission Co. (India), PIX Transmissions Ltd (India), FLEXILIS Pvt Ltd (India) and Rahco Rubber, Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Elastomer Engineering Limited (United Kingdom), RESINEX Group (United Kingdom) and Vip Rubber and Plastic Company (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
AMA Research has segmented the market of Global Natural Rubber market by Type, Application and Region.
On the basis of geography, the market of Natural Rubber has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
On 7th January, 2021 - Goodyear Acquired Cooper Tire & Rubber Company. The Transaction Consolidates Goodyear's Leadership Position in The Global Tyre Industry and Brings Together Two Complementary Brand Portfolios with A Comprehensive Offering Throughout the Value Spectrum.
Market Trend
- Emergence of Advance Extraction Procedures
Market Drivers
- Rising Industrial Applications of Natural Rubber
- Growth in Demand for Rubber Based Consumer Goods
Opportunities
- Increasing Natural Rubber Extraction Plants Across Emerging Regions
Restraints
- Lack of Trained Professionals
- Stringent Regulations
Challenges
- Market Penetration Across New Regions
- Supply Limitations
Key Target Audience
Natural Rubber Manufactures, New Entrants and Investors, Natural Rubber Distributors and Suppliers, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others