Natural Rubber is a milky liquid obtained from latex that is present in either latex vessels or the cells of rubber-producing plants. According to BlueQuark Research & Consulting, the global Natural rubber market is expected to witness a significant growth rate during the forecasted period. Factors such as the growing demand for Natural rubber in the automotive industry due to its properties such as its adhesiveness to metals and resistance to abrasion make it suitable for manufacturing tires and other automotive parts, which are expected to drive the demand for the Natural Rubber market in the forecasted period. The high tensile strength and capability to dampen the vibrations influence the demand for natural rubber in construction, which is expected to drive the need for the Natural Rubber market in the forecasted period. Furthermore, natural rubber is also used widely in the footwear industry due to its high durability. The medical industry is also on the boom, and as natural rubber is broadly used, the natural rubber industry is predicted to surge in the forecasted period. However, with the rising synthetic rubber industry, the Natural Rubber market growth could be restrained in the forecasted period.

The Automotive Industry is the leading consumer of Natural Rubber globally and is expected to drive the global market. The Natural Rubber's high tensile strength, adhesiveness to metal, abrasion resistance, and capability to dampen vibrations make it a suitable choice for automotive manufacturers globally. The growing population and rapid urbanization have increased the sales of automotive vehicles globally, driving the tire industry. The properties of natural rubber, such as vibration dampening, high tensile strength, and tear resistance, make it ideal and more suitable than synthetic rubber for its application in the automobile industry and large constructions. The biggest end-user of rubber is the automotive parts industry, which uses a massive amount of rubber to make pipes, car tires, gaskets, hoses, and other parts every year. The increased growth in developing economies and the increasing per capita revenue among consumers in these countries increase the demand for automobiles. Owing to the rapid urbanization in appearing countries like China and India, the sales of commercial vehicles like trucks, tractors, and trailers are on the surge. Furthermore, the automotive industry is experiencing a booming electric vehicle market. The environmental awareness amongst citizens and the government offering subsidies on its purchase propel the automotive industry. Urbanization has also led to a growth in the construction sector, with demand for construction materials expected to rise over the forecasted period. Thus, the growing demand for automotive and construction materials is set to propel the future natural rubber market.

Major global market key players were Cheng Shin Rubber Industry Co. Ltd ., IMERYS, Toyoda GOSEI, Sumitomo Rubber Industries, Yokohama Rubber Company, Zeon Corporation, JSR Corporation, and Nankang Rubber Tire.

The Asia Pacific has been the central region in the production and consumption of Natural Rubber and is probable to continue at the same pace. China is superior in importing Natural Rubber owing to its high requirement in its booming automotive and construction industry. The footwear industry is another primary sector contributing to the increasing demand for natural rubber, and it is used in footwear manufacturing for its durability, slip resistance, tensile resistance, etc. The footwear industry uses natural rubber to produce different types of footwear, including casual, formal protective footwear. According to Food and Agriculture Organizations (FAO), in 2018, China's imports stood at 813,016 metric tons, and usage was 4,680,000 metric tons of natural rubber, thus making it a net importer. The prime global natural rubber producing countries- Thailand, Vietnam, Myanmar, Indonesia, and Laos are all situated in the Southeast Asia region, which presents the potential of Natural Rubber in the area. The high demand is attributed to the rising population in the region and the rapid industrialization and urbanization, which surge the demand for natural rubber directly or indirectly. With the increasing mean annual income, the area is experiencing an automotive boom, with China as the leader. Thailand observed a healthy growth in exports to countries with free trade agreements like China (130% rise to USD 31 million), South Korea (55.3% rise to USD 7.9 million), Australia (79% rise to USD 9.6 million), and India (28.5% rise to 8.3 million) in 2019. The latex is purified to make rubber prepared for commercial applications. Generally, the latex is acquired from trees belonging to the hevea and ficus genera through tapping. Natural rubber obtains high elasticity and is an elastic hydrocarbon polymer or an elastomer. Natural rubber is most commonly utilized in manufacturing products like tires, adhesives, roll coverings, hoses, crap tubes, and gaskets. Natural rubber expresses high resilience, good tensile strength, tear-resistance and good flexing qualities at low temperatures, making it ideal for many other applications. Increasing demand for natural rubber-based products such as latex gloves and condoms is the root cause fuelling the natural rubber market growth rate. The rising demand for naturally formulated rubber products due to a surge in crude oil pricing will further create lucrative and remunerative growth opportunities for the natural rubber market. Rising industrialization and surging demand for natural rubber products due to a surge in the automotive industry will further increase the demand for natural rubber. Increased application of natural rubber in Asia will also act as an essential natural rubber market growth determinant. Factors like the growth of the construction, automotive, and medical sector are predicted to drive natural rubber usage in the region.

The tire production in India is investing USD 150.8 million to manufacture Natural Rubber in Northeast India after a 40% import cap was imposed by the Indian government.

Global Natural rubber Market report provides deep insight into the Industrial market's current and future state across various regions. The study comprehensively analyses the Natural rubber market by segmenting based on the Product (Ribbed Smoked Sheet (RSS), Concentrated Latex, Block Rubber (TSR), Others), End-User Industry (Automotive, Footwear, Medical, Construction, Others), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The report examines the market drivers and restraints and the impact of Covid-19 on the market growth in detail. The study covers and includes emerging market share, trends, developments, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with prominent companies and profiles, including their market shares and projects.