The Outlook of Rubber Market Includes Production Analysis (Volume), Consumption Analysis (Value and Volume), Export Analysis (Value and Volume), Import Analysis (Value and Volume), and Price Trend Analysis. The Rubber Market is Segmented by Geography (North America, Europe, Asia-Pacific, South America, and Africa). The Report Offers the Market Size and Forecasts in Terms of Volume (metric Tons) and Value (USD) for all the Above Segments.

Rubber increased 2.60 US Cents/kg or 1.32% since the beginning of 2025, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Rubber - values, historical data, forecasts and news - updated on March of 2025.

Demand for natural rubber Market is projected to be valued at US$ 18,270.6 million in 2023 and is anticipated to grow at a CAGR of 5.4% from 2023 to 2033.

Attributes	Details
Natural Rubber Market Size (2022)	US$ 17,334.6 million
Market Size 2023	US$ 18,270.6 million
Market Size 2033	US$ 30,914.3 million
Value CAGR (2023 to 2033)	5.4%

Scope of the Report

Attribute	Details
Growth Rate	CAGR of 5.4% from 2023 to 2033
Base Year for Estimation	2022
Historical Data	2017 to 2022
Forecast Period	2023 to 2033
Quantitative Units	Revenue in USD Million, Volume in Tons, and CAGR from 2023 to 2033
Report Coverage	Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis
Segments Covered	Type End Use Industry Application
Regions Covered	North America Latin America Europe East Asia South Asia & Pacific Middle East and Africa
Key Countries Covered	USA Canada Mexico Brazil Germany United Kingdom France Italy Spain Russia China Japan India ASIAN GCC Countries Australia Turkey South Africa
Key Companies Profiled	Sri Trang Agro-Industry Public Company Ltd Hua Rubber Public Company Ltd Halcyon Agri Southland Rubber Co., Ltd Sinochem Group Co. Ltd. Num Rubber & Latex Co., Ltd Yunnan State Farms Group Co., Ltd Von Bundit Co., Ltd Apcotex Industries Ltd. Firestone Natural Rubber Company

The natural rubber prices in the United States for Q4 2023 reached 1765 USD/MT in December. The market benefited from strong demand linked to Asian markets, leading to an uptick in prices. The logistics sector faced challenges like increased shipping costs and port congestion, affecting delivery timelines and market stability.

Natural Rubber Prices December 2023

Product	Category	Region	Price
Natural Rubber	Chemical	USA	1765 USD/MT
Natural Rubber	Chemical	China	1325 USD/MT
Natural Rubber	Chemical	Netherlands	1165 USD/MT

Explore IMARC's latest publication, “Natural Rubber Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2024 Edition,” presents a detailed examination of the natural rubber market, providing insights into both global and regional trends that are shaping prices.

The Ghanian natural rubber market amounted to $150M in 2024, surging by 11% against the previous year. Overall, consumption saw a resilient expansion. Over the period under review, the market reached the peak level at $164M in 2022; however, from 2023 to 2024, consumption failed to regain momentum.

The average price of rubber at the Singapore Commodity Exchange (SICOM) in 2024 was 2.28 U.S. dollars per kilogram. Between 2010 and 2024, the average price of rubber reached a high in 2011 of 4.82 U.S. dollars per kilogram. In 2024, the highest monthly price of rubber was in September, at 2.65 U.S. dollars per kilogram.
Rubber prices and producers worldwide Global rubber prices have experienced significant fluctuations in the 21st century, peaking in 2011 due to a higher demand from emerging markets, and supply constraints. These prices gradually recovered due to an increase in rubber tree cultivation and a slowdown in global demand. The increase in synthetic rubber production in China and the United States over the last two decades has similarly helped facilitate the stabilization of the global price of natural rubber through a supply increase. In 2023, Thailand was the largest natural rubber exporter in the world, with an export value totaling 3.6 billion U.S. dollars. This accounted for roughly 30 percent of the global value of natural rubber exports in 2023. The second-largest exporter in 2023 was Indonesia, which exported 2.5 billion U.S. dollars of natural rubber.

Supply constraints of rubber Accounting for about half of global rubber production, natural rubber is an agricultural product produced from rubber trees in Southeast Asia, home to the most natural rubber exporting countries worldwide. Being an agricultural product, the trees take numerous years to mature before being harvested, a process dependent on climate and weather conditions.
The amount of replanted rubber trees in Thailand, the largest exporter of natural rubber, has decreased year-on-year since 2019 due to a slowdown in global demand. However, land-use for natural rubber harvest area is forecast to increase globally year-over-year, reaching a maximum additional 5.1 million hectares in 2030.

According to Cognitive Market Research, the global Natural Rubber market size will be USD 17,223.78 million in 2024. It will expand at a compound annual growth rate (CAGR) of 4.32% from 2024 to 2031.

Asia Pacific held the major market share for more than 67.39% of the global revenue with a market size of USD 11,607.67 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.61% from 2024 to 2031.
North America accounted for a market share of over 16.42% of the global revenue with a market size of USD 2,828.93 million.
Europe held a market share of around 11.55% of the global revenue with a market size of USD 1,989.20 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.03% from 2024 to 2031.
Latin America had a market share of more than 2.84% of the global revenue with a market size of USD 489.8 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.37% from 2024 to 2031.
Middle East and Africa had a market share of around 1.79% of the global revenue and was estimated at a market size of USD 308.14 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.10% from 2024 to 2031.
The Concentrated Latex type category is the fastest-growing segment of the Natural Rubber industry

Market Dynamics of Natural Rubber Market

Key Drivers for Natural Rubber Market

Expansion of industrial applications such as conveyor belts and rubber hoses

The industrial sector's growth is driving the demand for natural rubber, especially in manufacturing conveyor belts and rubber hoses. Conveyor belts, integral to material handling in industries like mining, logistics, and manufacturing, rely on natural rubber for its durability and flexibility under heavy loads. Similarly, rubber hoses are widely used in industrial applications such as fluid transportation in oil & gas, chemical processing, and construction sectors. The properties of natural rubber, including elasticity, resilience, and resistance to wear, make it an ideal choice for these applications. As industries continue to expand globally, particularly in emerging economies, the requirement for robust and efficient rubber-based products is expected to surge, fueling demand for natural rubber in industrial applications. For instance, Goodyear, in collaboration with Farmed Materials, BioMADE, the U.S. Department of Defense, and the Air Force Research Lab, has launched a multi-million-dollar initiative to develop a domestic source of natural rubber from dandelions. This project aims to reduce reliance on tropical rubber supplies and strengthen U.S. production capabilities for critical materials.

Increasing demand for tires in the automotive industry

The automotive industry remains a major consumer of natural rubber, primarily for tire production. Natural rubber is a crucial component in tires due to its superior tensile strength, elasticity, and resistance to heat and wear, ensuring durability and performance. The global growth in vehicle production, driven by rising urbanization, increasing disposable incomes, and expanding logistics operations, is significantly boosting tire demand. Additionally, the shift towards electric vehicles (EVs) is further propelling the need for specialized tire designs, reinforcing natural rubber's relevance. As manufacturers focus on enhancing tire performance and sustainability, the use of high-quality natural rubber in the automotive sector is anticipated to grow steadily in the coming years.

Restraint Factor for the Natural Rubber Market

Vulnerability to pests and diseases affecting rubber plantations

Rubber plantations are highly vulnerable to pests and diseases, which pose a significant challenge to natural rubber production. Common threats include leaf blight, powdery mildew, and root rot, which can drastically reduce latex yield and compromise the quality of rubber. Additionally, pests such as termites and borers can damage rubber trees, leading to long-term plantation losses. These biological threats are exacerbated by factors such as climate change, monoculture farming, and inadequate pest management practices. For small-scale rubber farmers, the financial burden of disease prevention and treatment can be overwhelming. This vulnerability not only impacts the supply chain but also contributes to price volatility in the global natural rubber market, posing a re...

The global Natural Rubber market stood at approximately 14.4 million tonnes in 2022 and is anticipated to grow at a CAGR of 4.20% during the forecast period until 2032.

The GCC natural rubber market dropped to $6.9M in 2024, which is down by -13.4% against the previous year. Over the period under review, consumption, however, continues to indicate a prominent increase. The level of consumption peaked at $7.9M in 2023, and then reduced in the following year.

Natural Rubber Market size was valued at USD 18.27 Billion in 2023 and is projected to reach USD 30.91 Billion by 2031, growing at a CAGR of 5.4% during the forecast period 2024-2031.

Global Natural Rubber Market Drivers

The natural rubber market is influenced by several key drivers, which can impact its supply, demand, and pricing. Here are some of the primary market drivers for the natural rubber market:

Automotive Industry Demand : A significant portion of natural rubber is used in tire manufacturing. Therefore, the demand from the automotive sector directly affects the natural rubber market. Growth in vehicle production, particularly in emerging economies, drives up demand for natural rubber.
Economic Growth : Economic conditions influence industrial production and consumer purchasing power. Growth in global economies, especially in regions like Asia-Pacific, can lead to increased demand for various rubber products.

In 2024, after two years of growth, there was decline in the Dominican natural rubber market, when its value decreased by -2.5% to $425K. Over the period under review, consumption, however, recorded a pronounced setback. Natural rubber consumption peaked at $634K in 2017; however, from 2018 to 2024, consumption stood at a somewhat lower figure.

After eight years of growth, the Ugandan natural rubber market decreased by -22.9% to $467K in 2024. Over the period under review, consumption, however, continues to indicate a significant expansion. Over the period under review, the market attained the peak level at $605K in 2023, and then contracted markedly in the following year.

The size and share of the market is categorized based on Type (Ribbed Smoked Sheet (RSS), Technically Specified Rubber (TSR), Latex, Others) and Application (Automotive (Non-Tire Applications), Medical, Industrial, Consumer Goods) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

In 2024, the global natural rubber market decreased by -0.6% to $22.3B, falling for the second year in a row after two years of growth. In general, consumption continues to indicate a slight slump. Over the period under review, the global market reached the peak level at $25.6B in 2012; however, from 2013 to 2024, consumption failed to regain momentum.

Explore the Natural Rubber Latex Market trends! Covers key players, growth rate 6.4% CAGR, market size $14.86 Billion, and forecasts to 2033. Get insights now!

In 2024, after three years of growth, there was decline in the Nigerien natural rubber market, when its value decreased by -1.9% to $85M. Overall, consumption continues to indicate a slight slump. Over the period under review, the market hit record highs at $105M in 2012; however, from 2013 to 2024, consumption remained at a lower figure.

The size and share of the market is categorized based on Type (Ordinary Rubber, Modified Rubber) and Application (Commercial, Residential) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

Rubber Price: Natural: Graded RSS1 data was reported at 21,300.000 INR/100 kg in Feb 2025. This records an increase from the previous number of 20,700.000 INR/100 kg for Jan 2025. Rubber Price: Natural: Graded RSS1 data is updated monthly, averaging 14,100.000 INR/100 kg from Jan 2002 (Median) to Feb 2025, with 277 observations. The data reached an all-time high of 26,000.000 INR/100 kg in Jul 2024 and a record low of 3,475.000 INR/100 kg in Feb 2002. Rubber Price: Natural: Graded RSS1 data remains active status in CEIC and is reported by Rubber Board. The data is categorized under Global Database’s India – Table IN.PG003: Memo Items: Rubber Price.

According to Cognitive Market Research, the global Industrial rubber products Market size will be USD 132514.6 million in 2025. It will expand at a compound annual growth rate (CAGR) of 6.00% from 2025 to 2033.

North America held the major market share for more than 40% of the global revenue with a market size of USD 53005.84 million in 2025 and will grow at a compound annual growth rate (CAGR) of 4.2% from 2025 to 2033.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 39754.38 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 30478.36 million in 2025 and will grow at a compound annual growth rate (CAGR) of 8.0% from 2025 to 2033.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 6625.73 million in 2025 and will grow at a compound annual growth rate (CAGR) of 5.4% from 2025 to 2033.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 2650.29 million in 2025 and will grow at a compound annual growth rate (CAGR) of 5.7% from 2025 to 2033.
The rubber hoses category is the fastest growing segment of the Industrial rubber products industry

Market Dynamics of Industrial rubber products Market

Key Drivers for Industrial rubber products Market

Increasing construction industry to Boost Market Growth

A significant user of industrial rubber products, the construction industry uses them for insulation, flooring, and roofing, among other purposes. Residential, commercial, and infrastructure development are becoming more and more necessary due to the fast urbanization and industrialization that is occurring, particularly in emerging economies. Both public and private organizations are making significant investments in infrastructure projects, which is causing a boom in building activity and, as a result, raising demand for rubber goods. The need for premium rubber goods that are dependable and long-lasting in harsh environments is being driven by the global modernization and automation of production facilities. Further propelling market expansion are the development of sophisticated rubber goods that offer improved insulation and weather resistance as a result of the drive toward sustainable and energy-efficient structures.

Expansion of the automobile Sector to Drive Market Growth

The growing emphasis on electric and hybrid vehicles, which call for specific rubber parts for tires, hoses, seals, and belts, is causing a revolution in the automotive industry. Since strict environmental restrictions are encouraging cleaner and more efficient car technologies, this change is especially noticeable in regions like North America and Europe. Industrial rubber goods are also essential for improving vehicle safety, performance, and fuel economy, which increases demand. In the upcoming years, the market for industrial rubber goods is anticipated to rise as a result of rising global automobile production and technical developments in vehicle manufacturing.

Restraint Factor for the Industrial rubber products Market

Concerns associated with the price fluctuations for basic materials, will Limit Market Growth

One of the main issues facing the industrial rubber industry is the fluctuating cost of raw materials. Industrial rubber is a highly competitive market, with prices reflecting even little shifts in the supply and demand balances. Producers have been obliged to lower the price of crude oil as a result of the growing competition among them. Both the upstream oil and gas sector and the refining industry have been affected by the decline in crude oil prices. Given that synthetic rubber, the most common kind of industrial rubber, is made from petroleum wastes, this is regarded as a significant obstacle for the market for industrial rubber.

Impact of Covid-19 on the Industrial rubber products Market

The market for industrial rubber products was greatly impacted by the COVID-19 epidemic, which caused supply chain, demand, and production interruptions. Manufacturing output was impacted by delays and shortages of raw supplies caused by lockdowns, industrial shutdowns, and transportation restrictions. Due to delayed operations and lower consumer spending, demand for rubber products declined in industries like automotive, construction, and aerospace, which are major consumers of the...

The U.S. natural rubber market was finally on the rise to reach $37M in 2024, after two years of decline. In general, consumption, however, saw a pronounced decrease. As a result, consumption attained the peak level of $75M. From 2022 to 2024, the growth of the market remained at a lower figure.