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The global Natural Rubber Market is expected to reach USD 34.37 Billion by 2028, according to a new report by Reports and Data. The growth of the market is attributed to the growing demand for natural rubber from end-use applications.
Increasing demand for natural rubber in tire production is one of the significant factors influencing the market growth. The benefits of natural rubber comprises abrasion resistance and adhesion to metals, thereby making it suitable in making of seals, gaskets, and other products. Also, certain features of natural rubber, which gives it an advantage over synthetic rubber, comprise vibration dampening and tear resistance, making natural rubber irreplaceable in end-uses like tires for large construction vehicles and airplane tires. Moreover, the advancement in production technology has transformed the automobile industry, which is expected to experience increased sales in the upcoming years, thus creating an increase in the demand for tires, and in turn, would drive the growth of the market.
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Growing demand for natural rubber from the footwear industry is fuelling the market demand. The footwear industry using a wide variety of materials that are used to make footwear ranging from casual footwear to technical products, including protective and safety footwear. Natural rubber possesses several physical characteristics appropriate for producing shoe sole; specifically, abrasion resistance, durability, slip resistance, oil resistance, tensile resistance, tear strength resistance, and the capacity to be molded in different shades.
To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/natural-rubber-market
Further key findings from the report suggest
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For the purpose of this report, Reports and Data have segmented the global natural rubber market on the basis of product type, distribution channel, application, and region:
Product Type Outlook (Volume, Kilo Tons; 2020-2028 and Revenue, USD Million; 2020-2028)
Distribution Channel Outlook (Volume, Kilo Tons; 2020-2028 and Revenue, USD Million; 2020-2028)
Application Outlook (Volume, Kilo Tons; 2020-2028 and Revenue, USD Million; 2020-2028)
Regional Outlook (Volume, Kilo Tons; 2020-2028 and Revenue, USD Million; 2020-2028)
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