Natural rubber, also well-known as the India rubber, is introduced from raw rubber or latex which is acquired from rubber trees. The raw rubber or latex is a gummy, milky fluid gained by creating incisions on the bark of a rubber tree. The latex is then disinfected to create the rubber ready for the commercial applications.
Across the world, owing to the effective growth in middle class population and augmenting disposable income there is a growing requirement for automobiles. The positive increase in the automobile production is growing the demand for car tires which is subsequently augmenting the requirement for natural rubber.
According to the report analysis, ‘Natural Rubber Comprehensive Report Q1/2020’ states that in the natural rubber market there are several corporate which presently functioning more actively for leading the fastest market growth and registering the handsome value of market share around the region during the near years while delivering the better consumer satisfaction, decreasing the linked prices, employing the young workforce, engaging the effective production technologies, increasing the applications of the natural rubber and implementing the effective profitable strategies includes Dau Tieng Rubber Corporation, PhuocHoa Rubber Joint Stock Company, PhuRieng Rubber Company Limited, Dong Nai Rubber Corporation, Dong Phu Rubber Joint Stock Company, Dongil Rubber Belt Company Limited Vietnam, VRG KhaiHoan Joint Stock Company, Vietnam NOK Company Limited, Vietnam-Italia Company Limited, Binh Duong Investment And Trade Joint Stock Company and several others.
However, in 9T/ 2019, rubber goods imports were predicted to increase more significantly over Q1/2018. Commonly for 2018, the average price of exported the natural rubber reduced by xx% associated to 2017. In 9T/ 2019, the average price of imported natural rubber continual to deterioration owing to the great natural rubber reserve in the globe.
It is predicted that the natural rubber price will convalesce again in 2019 thanks to the augment in worldwide oil price. Besides, there are constructive signs on China-America trade and the rubber price subvention of 3 rubber introducing regions will also support the cost of natural rubber in Vietnam recover according to the worldwide trend.
In addition, based on type, the natural rubber market can be sectored into ribbed smoked sheets (RSS), concentrated latex, solid block rubber, and several others (likewise reclaimed rubber & crepe rubber). In the terms of application, the natural rubber market can be divided into automobile tires and several other automotive parts, gloves, conveyor belts, footwear, rubber pipes, and several others such as general and industrial rubber goods.
Furthermore, the Rubber trees are grown majorly in Southeast Asia, Africa and a small portion in the Americas. In 2017, Asia endures to register the supply of natural rubber with a proportion with the effective % of the world capacity.
According to ANRPC, Vietnam has been a region with the rubber production capacity leading in Asia since 2013. Vietnam’s natural rubber utilization volume in 2018 was predicted to increase as compared to 2017 in which Southern region registered for more than % of total mining production.
Presently, Vietnam is the third principal rubber exporter in the globe, only behind Thailand and Indonesia. In 9T/ 2019, rubber exports augmented in volume, in value and in price. China continued to be Vietnam’s principal export market. Therefore, in the coming years it is predicted that the market of natural rubber will increase across the region more actively over the coming years.
For More Information, click on the link below:-
Industrial Rubber Product Market by Rubber Type (Natural Rubber and Synthetic Rubber) and by Application (Construction, Aerospace, Automotive and Transportation, Medical, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017 – 2024
Ankur Gupta, Head Marketing & Communications