Natural rubber market forecast with a CAGR of 4 percent through 2026

Sheridan, WY – According to the latest report by IMARC Group, titled “Natural Rubber Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the market expected to grow at a CAGR of around 4% during 2021-2026.

Natural rubber is an organic elastic hydrocarbon polymer that is obtained from latex. The latex is traditionally converted into a sheet through careful coagulation and subsequent milling processes on two roll mills. Some of the numerous advantages of natural rubber include excellent abrasion resistance and enhanced tensile and tear strength. As a result, it is extensively used in varied applications, such as rubber bands, adhesives, battery boxes, and automotive parts.

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

The global market is majorly driven by the rising product demand from the automotive industry. Natural rubber is widely used to manufacture tires, engine mounts and wiper blades across the globe. Coupled with an enhanced focus on sustainable development, this is providing an impetus to the market growth. The market is further driven by the rising construction activities across the globe that require natural rubber for multiple applications due to its improved tear resistance, high tensile strength and exceptional vibration dampening properties. Other factors, including rapid industrialization, and increasing usage of sustainable technologies, have also created a positive outlook for the market.

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Apcotex Industries Limited, Bridgestone Corporation, Halcyon Agri Corporation Limited, Michelin, Sinochem Group, Southland Rubber Company Limited, Sri Trang Agro-Industry Plc, Thai Hua Rubber Public Company Limited, Thai Rubber Latex Group Public Company Limited and Von Bundit Co. Ltd.