The natural rubber market plays a vital role in the global economy, considering the fact that industry has major applications in the automotive, consumer goods, manufacturing, and medical sectors. Rubber trees provide natural rubber that is transformed through re-milling plants that wash it by removing impurities such as leaves, insects, and dirt, blend it to ensure consistency. They are then dried and packaged before being sold in the form of either smoked rubber sheets or bales of rubber. The automotive industry is one of the major segment which consumes the largest share of this market. The markets for natural rubber have historically been centered in the Asia Pacific region. Players in this industry produce and export to the other nations either as raw material or manufactured goods.
Top suppliers of natural rubber
SINOCHEM is a Chinese conglomerate that was established in the year 1950. The company is primarily engaged in the production and trading of chemicals and fertilizer and exploration and production of oil. The rubber portfolio of SINOCHEM covers natural rubber plantation, production, processing, marketing, rubber chemical R&D, production, and relevant value-added services. Over the years the company has established their presence in China, Southeast Asia, South Asia, Europe, Africa, and America.
Established in 1987, Sri Trang Agro-Industry Public Company Limited (STA) has a market share of 10% of global natural rubber consumption. It is currently the world’s largest fully integrated natural rubber company. The company’s operations in the natural rubber market range from rubber plantations and rubber processing to the manufacture of medical examination gloves. Rubber processing is one of the core operations of the company. Sri Trang produces a complete range of natural rubber products, that includes Technically Specified Rubber (TSR), Ribbed Smoked Sheets (RSS), and Concentrated Latex.
CHINA HAINAN RUBBER
CHINA HAINAN RUBBER is headquartered in Haikou, China and was established in the year 2005. The company researches, develops, plants, processes, and sells natural rubber in China and internationally. The company is also engaged in activities such as cutting and distribution of rubber tree. Some of the company’s rubber products include – latex thread, gloves, concentrated natural latex rubber, standard rubber for aircraft tire use and others, and rubber woods.
VON BUNDIT CO., LTD. Is known to be the largest natural rubber manufacturer and exporter in Thailand. Since its inception in the year 1987, the company has been supplying high-quality rubber to customers around the world through their strategically located hi-tech factories. The company has a workforce of over 6000 people in their factories across Thailand.
SpendEdge’s procurement report on the natural rubber market offers actionable insights on the factors impacting the cost of rubber, top companies, and procurement efficiency. Our experts believe that the key to building a functional understanding of the market is to analyze all factors impacting the cost and procurement efficiency in this sector. The report also offers a TCO analysis and identifies the best strategies to procure products from rubber manufacturing companies at the best price.