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To get more information on the regional analysis of this market request a free sample the market size in asia pacific stood at usd 22 09 billion in 2019.
Natural rubber market trends. Natural rubber market overview. Rubber touched its strongest level for over a year on september. Chinese natural rubber daily market price report. Also the increasing demand for natural rubber in china is augmenting the growth of the market studied.
The demand is expected to grow at a cagr of 4 8 in the forecast period of 2020 2025. The increasing crude oil prices in india is the major factor driving the natural rubber market. Along with qualitative information this report include the quantitative analysis of various segments in terms of market share growth opportunity analysis market value etc. Japanese rubber futures traded at near three week high of 217 yen per kg after rising 5 last week the first weekly gain in three.
The report on natural rubber market offers in depth analysis on market trends drivers restraints opportunities etc. Asia pacific is the largest producer as well as consumer with thailand being the largest producing country of natural rubber and china being the largest consumer. Global natural rubber market by type rss grade latex concentrate solid block rubber others application auto tire sector gloves footwear latex products others geography north america europe asia pacific south america middle east and africa industry trends and forecast to 2026. The global production of the natural rubber market is projected to grow at a cagr of 2 4 during the forecast period.
The demand for natural rubber is expected to reach a volume of 20 1 million metric tons by 2025. The global demand for natural rubber is predicted to grow at a cagr of 4 8 percent 2019 2023 and the production is set to touch 17 mmt million metric tons by 2022 from the current level of 12 43 million mt the automobile market is anticipated to increase the demand for natural rubber production in thailand and indonesia. 7th floor bangunan getah asli menara 148 jalan ampang 50450 kuala lumpur malaysia. Sep 21 2020 renton campoy september 21 2020 0 chinese natural rubber daily market price report.
The market has been buoyed by yoshihide suga being confirmed as japan s first new prime minister in nearly eight years and by the bank of japan offering a slightly more upbeat view on the economy.
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