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Rubber Market by Type (Natural, Synthetic), by Application (Tire, Non-Tire Automotive, Footwear, Industrial Goods, Others), by North America (U.S., Canada, Mexico), by Europe (Germany, France, Italy, Spain, Russia, Benelux, Nordics, Rest of Europe), by Asia Pacific (China, India, Japan, South Korea, ASEAN, Oceania, Rest of Asia Pacific), by Middle East & Africa (Turkey, Israel, GCC, South Africa, North Africa, Rest of the Middle East & Africa), by South America (Brazil, Argentina, Rest of South America) Forecast 2024-2032
The Rubber Market size was valued at USD 40.77 USD Billion in 2023 and is projected to reach USD 57.75 USD Billion by 2032, exhibiting a CAGR of 5.1 % during the forecast period. Rubber is an flexible substance gotten from the exudations of certain tropical plants (characteristic elastic) or inferred from petroleum and natural gas (manufactured rubber). Normal rubber is ordinarily sourced from Hevea brasiliensis or the Pará rubber tree while engineered rubber can be delivered artificially by means of the polymerisation of monomers into polymers. The fundamental chemical constituents of elastic are elastomers, or “elastic polymers,” expansive chainlike particles that can be extended to awesome lengths and however recuperate their unique shape. Since of its versatility, strength, and sturdiness, elastic is the essential constituent of the tires utilized in automotive vehicles, airplane, and bicycles.
Type:
Application:
Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 5.1% from 2018-2032 |
Segmentation |
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Aspects | Details |
---|---|
Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 5.1% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
Primary Research
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