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Global Rubber Market 2017-2021

Global Rubber Market 2017-2021

About Rubber

Natural rubber is used to manufacture various products such as erasers, electrical insulation, and elastic bands. Synthetic rubber is also an elastic material that is manufactured by the fractional distillation of naphtha, a crude oil derivative. Synthetic rubber is of diverse types such as acrylic rubber (ACM), butadiene rubber (BR), chlorosulfonated polyethylene (CSM)/Hypalon, ethylene propylene diene monomer (EPDM), fluoroelastomers (FKM)/Viton, nitrile rubber (NBR), perfluoroelastomer (FFKM), isoprene rubber (IR), polychloroprene (CR)/neoprene, polysulfide rubber (PSR), silicone rubber (SiR), and styrene-butadiene rubber (SBR).

Technavio’s analysts forecast the global rubber market to grow at a CAGR of 4.66% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global rubber market for 2017-2021. To calculate the market size, the report considers the retail selling price as the average selling price of the product.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Rubber Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Bridgestone
  • ExxonMobil
  • MICHELIN
  • Sri Trang Agro-Industry
  • The Dow Chemical Company
Other prominent vendors
  • Advanced Multitech
  • Ansell
  • Asahi Kasei Advance Corporation
  • China National Petroleum Corporation
  • LANXESS
  • LG Chem
  • Nishikawa Rubber
  • THAI RUBBER CORPORATION (THAILAND)
  • Tianjin Lugang Petroleum Rubber
  • Trinseo
  • Versalis
Market driver
  • Growing demand for rubber in APAC
  • For a full, detailed list, view our report
Market challenge
  • Fluctuating raw material prices for synthetic rubber
  • For a full, detailed list, view our report
Market trend
  • Bio-based tires helping market growth
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Technavio Announces the Publication of its Research Report – Global Rubber Market 2017-2021

Technavio recognizes the following companies as the key players in the global rubber market: Bridgestone, ExxonMobil, MICHELIN, Sri Trang Agro-Industry, and The Dow Chemical Company

Other Prominent Vendors in the market are: Advanced Multitech, Ansell, Asahi Kasei Advance Corporation, China National Petroleum Corporation, LANXESS, LG Chem, Nishikawa Rubber, THAI RUBBER CORPORATION (THAILAND), Tianjin Lugang Petroleum Rubber, Trinseo, and Versalis.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Bio-based tires helping market growth. The tires used in automotive vehicles are going to be bio-based during the forecast period. There is a great turmoil in the rubber industry to manufacture automotive vehicle tires made from renewable raw materials. Companies such as DuPont have been working on the use of renewable raw materials, which can be used to manufacture tires. DuPont Industrial Biosciences is working to develop a product known as BioIsoprene, which is a bio-based alternative for petroleum-derived isoprene. BioIsoprene can be used to produce synthetic rubber, which is regarded as an alternative for natural rubber and other elastomers.”

According to the report, one of the major drivers for this market is Growing demand for rubber in APAC. APAC accounted for the largest market for rubber consumption in 2016 and is expected to be the fastest growing market for rubber consumption during the forecast period. Countries such as Indonesia, India, Vietnam, Thailand, and China will also witness a high rubber consumption. China was the world’s largest rubber market in 2016. China will continue to be the largest consumer of natural rubber in the world, accounting a 36%-39% of the natural rubber consumption by 2021. China uses 80% of its natural rubber to manufacture tires. Indonesia and Malaysia are the major markets for natural and synthetic rubbers. The high production of natural rubber in these countries is expected to increase the growth of the rubber market. The rising demand for tires in the automotive sector is a major factor that is encouraging the growth of the rubber market in APAC.

Further, the report states that one of the major factors hindering the growth of this market is Fluctuating raw material prices for synthetic rubber. Synthetic rubber is manufactured by refining crude oil to naphtha and natural gas. These are derived from the fractional distillation of petroleum products. Petrochemical prices are heavily dependent on crude oil prices. Fluctuating crude oil prices have affected the prices of raw materials, thereby affecting the costs to produce synthetic rubber. As per the US Energy Information Administration (EIA), the crude oil price for Brent was around $48.67 per barrel in 2015, but the price decreased by 10.97% in 2016. However, in 2017, it is estimated that the price of crude oil per barrel will increase at a rate of nearly 15%. These prices are expected to fluctuate during the forecast period.

Companies Mentioned

Bridgestone, ExxonMobil, MICHELIN, Sri Trang Agro-Industry, The Dow Chemical Company, Advanced Multitech, Ansell, Asahi Kasei Advance Corporation, China National Petroleum Corporation, LANXESS, LG Chem, Nishikawa Rubber, THAI RUBBER CORPORATION (THAILAND), Tianjin Lugang Petroleum Rubber, Trinseo, and Versalis.

  • Executive summary
  • Scope of the report
  • Research methodology
  • Introduction
    • Market outline
  • Market landscape
    • Market ecosystem
      • Table Related market
    • Market segmentation analysis
      • Table Global rubber market segments
  • Market sizing
    • Market sizing 2016
      • Table Global rubber market: Validation techniques for market sizing 2016
    • Global rubber market
      • Table Global rubber market 2016-2021 (kilotons)
      • Table Global rubber market: Year-over-year growth 2017-2021 (% share)
  • Five forces analysis
    • Table Five force analysis
  • Market segmentation by type
    • Global rubber market segmentation by type
      • Table Global rubber market by type 2016-2021 (%)
    • Global rubber market comparison by type
      • Table Global rubber market comparison by type
    • Global synthetic rubber market
      • Table Global synthetic rubber market 2016-2021 (kilotons)
      • Table Global synthetic rubber market: Year-over-year growth 2017-2021 (% share)
    • Global natural rubber market
      • Table Global natural rubber market 2016-2021 (kilotons)
      • Table Global natural rubber market: Year-over-year growth 2017-2021 (% share)
    • Global rubber market opportunity by type
      • Table Global rubber market opportunity by type
  • Market segmentation by application
    • Segmentation by application
      • Table Global rubber market by application 2016-2021 (%)
    • Comparison by application
      • Table Global rubber market comparison by application
    • Global rubber market by tires
      • Table Global rubber market by tires 2016-2021 (kilotons)
      • Table Global rubber market by tires: Year-over-year growth 2017-2021 (% share)
    • Global rubber market by non-tires
      • Table Global rubber market by non-tires 2016-2021 (kilotons)
      • Table Global rubber market by non-tires: Year-over-year growth 2017-2021 (% share)
    • Market opportunity by application
      • Table Market opportunity by application
  • Regional landscape
    • Geographical segmentation
      • Table Global rubber market by geography 2016-2021 (% share)
    • Regional comparison
      • Table Regional comparison
    • Rubber market in APAC
      • Table Rubber market in APAC 2016-2021 (kilotons)
      • Table Rubber market in APAC: Year-over-year growth 2017-2021 (% share)
    • Rubber market in EMEA
      • Table Rubber market in EMEA 2016-2021 (kilotons)
      • Table Rubber market in EMEA: Year-over-year growth 2017-2021 (% share)
    • Rubber market in Americas
      • Table Rubber market in Americas 2016-2021 (kilotons)
      • Table Rubber market in Americas: Year-over-year growth 2017-2021 (% share)
    • Key leading countries
      • Table Global rubber market: Key leading countries 2021
    • Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • Bio-based tires helping market growth
    • Growing automotive industry
    • Demand-supply gap in APAC
  • Vendor landscape
    • Competitive scenario
    • Major global rubber market vendors
      • Table Global rubber market: Major vendors 2016
    • Other prominent vendors
  • Vendor analysis
    • Bridgestone
      • Table Bridgestone: Business segmentation by revenue 2016
      • Table Bridgestone: Geographical segmentation by revenue 2016
    • ExxonMobil
      • Table ExxonMobil: Business segmentation by revenue 2016
      • Table ExxonMobil: Geographical segmentation by revenue 2016
    • MICHELIN
      • Table MICHELIN: Business segmentation by revenue 2016
      • Table MICHELIN: Geographical segmentation by revenue 2016
    • Sri Trang Agro-Industry
      • Table Sri Trang Agro-Industry: Business segmentation by revenue 2016
      • Table Sri Trang Agro-Industry: Geographical segmentation by revenue 2016
    • The Dow Chemical Company
      • Table The Dow Chemical Company: Business segmentation by revenue 2016
      • Table The Dow Chemical Company: Geographical segmentation by revenue 2016
  • Appendix
    • List of abbreviations
  • Explore Technavio

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