Global natural rubber market segmentation by application and geography
Technavio's report on the global natural rubber market analyses the business dimensions and presents a comprehensive breakdown in terms of market segmentation by application, including tires and non-tires. As projected in 2016, around 69% of the market share originated from tires.
Based on geography, the global natural rubber market has been segmented into APAC, the Americas, and EMEA. APAC is the dominant region out of all the geographical segments. In 2016, it accounted for the maximum share of around 73%, especially due to the low-cost labor benefits in the automotive industry and high disposable income of consumers in developing economies.
“Countries such as South Korea, Japan, China, and India are the largest revenue contributors to the automotive industry on which the market in APAC highly relies. The hefty investments of automobile manufacturers and the expansion of western manufacturers in the developing economies of this region, particularly India and China, are providing growth opportunities for the market,” says Ajay Adikhari, a lead analyst at Technavio for plastics, polymers, and elastomers research.
This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing
Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.
Global natural rubber market: competitive vendor landscape
The global natural rubber market has several established and regional players. The major players include Bridgestone, MICHELIN, SINOCHEM GROUP, Sri Trang Agro-Industry, and VON BUNDIT. They are focused on R&D to improve their product portfolio by launching innovative products. Though small-scale farmers own limited plantation areas, they contribute significantly to the global natural rubber production.
Looking for more information on this market? Request a free sample report
Technavio's sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.
Other topics covered in the report:
- Recovering rubber prices
- Government intervention and granting subsidies
- Increasing preference for synthetic rubber
- Decreasing plantation and tapping
- Increasing popularity of guayule-derived natural rubber
- Shifting of tire production facilities to low-cost production countries
Get a sample copy of the global natural rubber market report free of cost
Access Technavio's continuously growing plastics, polymers, and elastomers research library and find expert analysis on hundreds of markets.
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at [email protected].
Latest posts by Maria Burns (see all)
- Global Welding Machinery Strategic Business Report 2018: Innovations Galore to 2022 - February 21, 2018
- Despite Roadblocks, Difficult Relief Continues for Rohingya Refugees - February 21, 2018
- Healthcare Mobility Solutions Market Size and Value Chain Analysis Till 2022; by Product and Service Type, Application, End Users - February 21, 2018