The Global Natural Rubber size is anticipated to rise at a CAGR of xx % and is reach to at xxxx million metric ton by the end of forecast period, growing from the current level of xxxx million metric ton in historical year. Major factors driving the natural rubber market growth are rising automobile production in developed countries like Europe and United States as well as improving demands for passenger cars in developing countries like China, India, Korea, etc. Other positive natural rubber market trend fueling the industry growth is positive macroeconomic dynamics, for instance rebound in the Chinese manufacturing activity.
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The Global Natural Rubber Industry is segmented on the basis of different application, product type and geography. Further, application segment of the the market is sub-divided to industrial, gloves, consumer goods, automotive, general rubber goods, foot wear, auto-tire sector, latex products, medical and other applications. Likewise, product type segment is bifurcated into technically specified rubber (TSR), crepe rubber, ribbed smoked sheet (RSS), latex, solid block rubber, reclaimed rubber, and other rubber types.
Geographical segmentation of natural rubber industry is led by Asia-Pacific, as Thailand is the major producer as well as exporter of natural rubber across the world. Moreover, country had exported around xxxx million metric ton in past year that was valued for xx% of entire world’s exports. The region has the highest market share because of advanced techniques of cultivation, favorable tropical climate and dedicated research & development activities. Moreover, country has considerably improved the quality as well as reliability of natural rubber output. Furthermore, most of the prominent market players including the Siem Michelin Group, Dunlop, Bridgestone and Von Bundithave set up their manufacturing units in Thailand.
Some other key players operating in natural rubber market include Tianjin Lugang Petroleum Rubber, Nishikawa Rubber, China National Petroleum Corporation, Asahi Kasei Advance Corporation, Advanced Multitech, Advanced Multitech, Versalis, Trinseo, Southland Rubber, Thai Hua Rubber, Sri Trang Agro-Industry, ExxonMobil, The Dow Chemical Company and THAI RUBBER.