The global Natural Rubber Market is expected to reach USD 33.87 Billion by 2028, according to a new report by Reports and Data. The growth of the market is attributed to the growing demand for natural rubber from end-use applications. Increasing demand for natural rubber in tire production is one of the significant factors influencing the market growth. The benefits of natural rubber comprises abrasion resistance and adhesion to metals, thereby making it suitable in making of seals, gaskets, and other products.
The Natural Rubber market has been growing steadily over the past decade and CAGR is expected to improve over the forecast period. It is also likely to be one of the industries influencing global revenue generation. Rapidly growing demand, an abundance of raw materials, population growth, financial stability, and product awareness are some of the factors that make progress directly and indirectly in the market.
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Key Players:
Key participants include Bridgestone, Michelin, Sinochem Group, Sri Trang Agro-Industry, Von Bundit, Halcyon Agri, Southland Rubber, Thaitex, Apcotex Industries Ltd., and Firestone Natural Rubber Company, among others.
Further key findings from the report suggest:
The report also implements primary and secondary research techniques for gathering the most crucial pieces of professional information, and applies a number of industry-best techniques upon the data for projecting the future state of the global Natural Rubber market. Based on current market development, the report includes an analysis of how activities such as mergers and shapes the market’s future.
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Market Segmentation:
Product Type Outlook (Volume, Kilo Tons; 2017-2027 and Revenue, USD Million; 2017-2027)
Distribution Channel Outlook (Volume, Kilo Tons; 2017-2027 and Revenue, USD Million; 2017-2027)
Application Outlook (Volume, Kilo Tons; 2017-2027 and Revenue, USD Million; 2017-2027)
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Regional Outlook (Volume, Kilo Tons; 2017-2027 and Revenue, USD Million; 2017-2027)
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Objective of Studies:
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