At room temperature, rubber is a natural or synthetic polymer material that is elastic and flexible. Natural rubber is composed of long chains of the organic compound isoprene and is derived from the sap of the rubber tree (Hevea brasiliensis). The polymerization of various petrochemicals and other compounds results in synthetic rubber.
Rubber Market Overview:
This Rubber Market study's purpose is to give an overview of the Rubber Market as well as extensive market segmentation based on connection type, end-use, and geography. The report includes vital information on the market positions of the major Rubber companies, as well as notable industry trends and prospects.
Global Rubber Market size was valued at USD 48.83 Bn in 2022 and Rubber market revenue is expected to reach USD 73.42 Bn by 2029, at a CAGR of 6% over the forecast period (2023-2029).
Market Scope:
The research also focuses on the top industry players in the Global Rubber market, including details such as company biographies, product pictures and specifications, capacity, production, price, cost, revenue, and contact information.
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Rubber Market Segmentation: :
Based on Application, the market is segmented by Manufacturing Tyres, Tubes, Industrial Products, Rubber and Canvas Footwear, Pharmaceutical Goods, Rubber hoses, Cots, Aprons, Belt, and Sheeting. Manufacturing tyre segment dominate the Rubber market in 2022 an dis expected to continue the dominance over the forecast period. Curcial properties of rubber, with abrasion resistance, tear resistance, and flexibility have high demand for rubber in tyre manufacturing companies. Automotive industry is expected to boost the tyre segment in the market. Non tyre segment held the second largest market share in the market including pedals, hoses, bushings, and others.
Based on Type, the market is segmented into Natural Rubber, Synthetic Rubber, Butyl Rubber, Silicone Rubber, Nitrile Rubber, Chloroprene Rubber, EPDM Rubber, Polybutadiene Rubber, and Styrene Butadiene Rubber. Synthetic Rubber dominated the market in 2022 and is expected to continue the dominance over the forecast period. Increasing application of rubber such as tires, footwear, and industrial goods due to its superior properties is expected to boost the synthetic rubber segment growth in the market. Synthetic rubber have properties such as abrasion resistance, high heat resistance, elasticity, and toughness. The synthetic rubber is widely used in commercial applications.
Based on End use industry, the market is segmented by Automotive, Construction, Industrial, Healthcare, Consumer good, and Packaging. Automotive segment is most dominant segment in the rubber market is expected to dominate the market over the forecast period. Rubber are used for filling gaps between components, minimizing damage, and leakage of liquids or gases.
by Type
1.Natural Rubber
2.Synthetic Rubber
3.Butyl Rubber
4.Silicone Rubber
5.Nitrile Rubber
6.Chloroprene Rubber
7.EPDM Rubber
8.Polybutadiene Rubber
9.Styrene Butadiene Rubber
byApplication
1.Manufacturing Tyres
2.Tubes
3.Industrial Products
4.Rubber and Canvas Footwear
5.Pharmaceutical Goods
6.Rubber hoses
7. Cots
8.Aprons
9.Belts
10.Sheeting
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Rubber Market Key Players:
1.Sri Trang Agro-Industry Plc
2.Ceyenar
3.Southland Global
4. KA-Glove
5.Thai Hua Rubber PCL
6. Von Bundit Co., Ltd
7. THAI RUBBER LATEX GROUP PUBLIC COMPANY LIMITED
8.Goodyear Rubber Company of Southern California
9. Duratuf Products Private Limited
10.Rolex Reclaim Pvt. Ltd
11.Kent Elastomer Products
12.Unitex Rubber Co., Ltd
13.HALCYON AGRI
14.SINOCHEM GROUP CO
15. Firestone Natural Rubber
16.Apcotex Industries Ltd.
17.Rubfila International Ltd.
18.GRP Ltd.
19.S&H Rubber
20.RD Rubber Technology Corporation
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Regional Analysis:
The study also offers a complete PESTLE analysis for each of the five regions, namely North America, Europe, Asia Pacific, the Middle East and Africa, and South America, after considering the political, economic, social, and technical elements impacting the Rubber market in these regions.
COVID-19 Impact Analysis on Rubber Market:
Customer behaviour has changed as a result of the COVID-19 epidemic in all areas of society. Industries, on the other hand, will need to revise their strategy to account for changing market supply. This report provides an overview of the COVID-19's influence on the Rubber market and will assist you in developing your business in accordance with the new industry standards.
Key Questions answered in the Rubber Market Report are:
- Which product segment had the largest share in the Rubber market in 2022?
- How is the competitive landscape of the Rubber market?
- Which are the key factors aiding the Rubber market growth?
- Which region holds the maximum share in the Rubber market?
- What will be the CAGR of the Rubber market during the forecast period (2022-2029)?
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