Rubber Market Growth, Industry Analysis, Share, by Top key Vendors | LG Chem, ARLANXEO, Petrochina, Southland Holding Lonza, Kumho Petrochemical and more Forecast till 2026

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Rubber Market Analysis, Size, Share, Industry Growth and Segmented By Type (Natural, and Synthetic), By Application, and Regional Forecast, 2019-2026. Fortune Business Insights Predicts the market Growth and Status in the coming year 2026

Rubber Market Overview:

The global rubber market is anticipated to gain impetus from a rise in the demand from tire and non-tire automotive parts sector. This information is published in a report by Fortune Business Insights, titled, “Rubber Market Size, Share and Industry Analysis, By Type (Natural, and Synthetic), By Application (Tire, Non-Tire Automotive, Footwear, Industrial Goods, and Others), and Regional Forecast, 2019-2026.” The report further mentions that the rubber market size is projected to reach USD 60.38 Billion by 2026, thereby exhibiting a CAGR of 5.1% during the forecast period. However, the market was valued at USD 40.71 Billion in 2018. Furthermore, rubber consists of numerous crucial properties, namely, high flexibility, insulation property, and weather resistance. Hence, it is used in manufacturing non-flat belts, elevators, and transmission belts.

Browse Summary for this report: https://www.fortunebusinessinsights.com/industry-reports/rubber-market-101612

The report provides a detailed analysis of the market growth rate and size for all the significant segments. It further offers qualitative and quantitative insights into the industry, such as rubber market trends, growth drivers, hindrances, competitive landscape, and challenges. It also aids in highlighting and analyzing the most important business strategies of the renowned market players. Combined with this, it presents accurate information regarding the market value, size, and volume.

Fortune Business Insights profiles few of the most prominent companies operating in the rubber market. They are as follows:

  • LG Chem
  • ARLANXEO
  • Petrochina
  • Southland Holding Lonza
  • Kumho Petrochemical
  • Tradewinds Plantation Berhad
  • Unitex Rubber
  • TSRC Corporation
  • Halcyon Agri
  • Vietnam Rubber Group
  • Versalis
  • Ravasco
  • Dow Chemicals
  • Tong Thai Rubber Group
  • Sri Trang Agro-Industry
  • Von Bundit

Get Sample PDF Brochure of Rubber Market: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/rubber-market-101612

Synthetic Rubber Segment to Dominate Owing to its Various Beneficial Properties

In terms of type, the rubber market is categorized into synthetic and natural. Amongst these, synthetic rubber is exhibiting higher demand due to various applications, namely, industrial goods, footwear, and tire. It is because they possess superior properties, such as toughness, elasticity, high head resistance, and abrasion resistance. All these vital properties have resulted in the rapid inclination of consumers towards synthetic rubber from natural rubber. They are used widely for commercial purposes, especially for manufacturing tires. It is considered to be very cost-effective as compared to natural rubber.

Key Segmentation of Rubber Market:

  1. By Type
  • Natural
  • Synthetic
  1. By Application
  • Tire
  • Non-Tire Automotive
  • Footwear
  • Industrial
  1. By Geography
  • North America (U.S., and Canada)
  • Europe (Germany, UK, France, Italy, Russia, and Rest of Europe)
  • Asia Pacific (China, India, Japan, Thailand, Indonesia, Malaysia, and Rest of Asia Pacific)
  • Latin America (Brazil, Mexico, and Rest of Latin America)
  • Middle East and Africa (Saudi Arabia, UAE, and Rest of Middle East and Africa)

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Thailand Expands Export Market for Lower-priced Rubber in India

In May 2019, Thailand’s Ministry of Commerce delegated to penetrate the export market for cost-effective rubber to India which has over a billion population and all types of consumers from several sectors. A prominent tire manufacturer called Emerald Resilient Tire Co., based in Chennai, has promised to purchase the Thai rubber products by the end of this year. According to the officials of Emerald, the company will buy those rubber products to utilize them as raw materials for the tire industry. The Thai authorities have also recommended suitable suppliers for the company. The executive officials of the Department of International Trade Promotion and the Minister of Acting Commerce recently visited India to expand the export market for Thai goods.

List of Figures

Figure 01: Global Rubber Market Revenue Breakdown (US$ Mn, %) by Region, 2018 and 2026

Figure 02: Global Rubber Market Volume Breakdown (KT, %) by Region, 2018 and 2026

Figure 03: Global Natural Rubber Production (Million ton)

Figure 04: Global Synthetic Rubber Production (Million ton)

Figure 05: Global Automotive Production (Million units)

Figure 06: Global Rubber Market Revenue Share (%), by Type, 2018 and 2026

Figure 07: Global Rubber Market Volume Share (%), by Type, 2018 and 2026

Figure 08: Global Rubber Industry Forecast (US$ Mn), by Natural Rubber, 2015-2026

Figure 09: Global Rubber Market Forecast (KT), by Natural Rubber, 2015-2026

Figure 10: Global Rubber Market Forecast (US$ Mn), by Synthetic Rubber, 2015-2026

Figure 11: Global Rubber Industry Forecast (KT), by Synthetic Rubber, 2015-2026

Figure 12: Global Rubber Market Revenue Share (%), by Application, 2018 and 2026

Figure 13: Global Rubber Market Volume Share (%), by Application, 2018 and 2026

Figure 14: Global Rubber Industry Forecast (US$ Mn), by Tire, 2015-2026

Figure 15: Global Rubber Market Forecast (KT), by Tire, 2015-2026

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