Global Natural Rubber Market 2017-2021
About Natural Rubber
Rubber is an elastomer type polymer with the ability to retain its original shape post-deformation. In the resting state, rubber is in a coiled form. The ability to stretch its monomer chains offers the elastic feature to rubber. It returns to its original shape when the chains snap back after the tension is released.Rubber is a term for macromolecular substances that can be of natural and synthetic origin. The natural origin compound is generally known as natural rubber (NR). It is an addition polymer that is derived from the milky white fluid (also known as latex) of tropical rubber trees. Natural rubber is vulcanized by linking shorter chains with sulfur to form longer chains. Synthetic rubber is an artificial elastomer that resembles natural rubber closely in various features.
Technavio’s analysts forecast the global natural rubber market to grow at a CAGR of 4.06% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global natural rubber market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of natural rubber.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Natural Rubber Market 2017-2021
Technavio recognizes the following companies as the key players in the global natural rubber market: Bridgestone, MICHELIN, SINOCHEM GROUP, Sri Trang Agro-Industry, and VON BUNDIT.
Other Prominent Vendors in the market are: Southland Rubber, Thai Hua Rubber, and THAI RUBBER.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Increasing popularity of guayule-derived natural rubber. Almost all the world’s natural rubber is derived from Hevea brasiliensis. Relying only on one plant for natural rubber is critical for all the major players. This encouraged them toward an alternate source of natural rubber. Currently, they are attracted toward the potential of a perennial shrub called guayule, which has its origin from the southwestern US and northern Mexico. It mainly grows in arid zones. Therefore, it can be developed in environments that are entirely different from those compatible with para rubber trees. Also, the rubber content in the plant is similar to that of para rubber trees.”
According to the report, one of the major drivers for this market is Recovering rubber prices. The global natural rubber market is witnessing a rebound in terms of prices. This would contribute to the regaining market prosperity. It is expected to gain from the trends in the crude oil market and betterment in prices of commodities. The recovery of rubber prices is a result of few factors that impacted the global economy as well.
Further, the report states that one of the major factors hindering the growth of this market is Increasing preference for synthetic rubber. The market is witnessing an increasing preference for synthetic rubber over natural rubber mainly because of the former's significantly lesser price and availability. Synthetic rubber became popular because of the high price and scarce supply of natural rubber. It is stated that the fall in natural rubber supply coincided with World War I and II, prompting the requirement for low-cost products with steady supplies to make tires. This resulted in the production of SBR and butadiene rubbers. With time passing by, more synthetic rubber products got launched and introduced in the market. The cost and characteristic features of synthetic rubber are an undisputable competitor in the market.
Bridgestone, MICHELIN, SINOCHEM GROUP, Sri Trang Agro-Industry, and VON BUNDIT, Southland Rubber, Thai Hua Rubber, and THAI RUBBER.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook