Asia Pacific Natural Rubber and Gums Market size is expected to be valued at USD 4.95 Bn in 2023 and is projected to reach USD 7.07 Bn by 2032, growing at a CAGR of 4.55%
Natural rubber is an elastomer that consists of polymers of organic compound isoprene which was originally derived from latex, a milky colloid produced by some plants. In addition, it consists of minor impurities of other organic compounds and water. It is also called as natural rubber or caoutchouc. Natural gums are polymeric materials that give a thickening and gelling effect when they are dissolved in water. It is capable of increasing solution viscosity at small concentrations. Natural rubber is used in many applications and products, as it is made into synthetic rubber. It is used either alone or in combination with any other products. In most forms, it is extremely waterproof, has high resilience, and a large stretch ratio. Natural gums are used extensively in the food industry as gelling agents, thickening agents, stabilizers, and emulsifying agents. It is also used as binding agents, crystal inhibitors, adhesives, clarifying agents and swelling agents in other industries. In most cases, the gum is extracted from woody elements of plants or seed coatings.
The Asia Pacific Natural Rubber and Gums Market is driven by factors like demand for natural rubber and gum, increasing rubber plantations, rising applications of rubber and gum in food, textile, chemical, and other industries, favorable government reimbursements, increasing investments by private companies, new product innovations and technology advancements. However, lack of awareness in some areas, transportation and packing are hampering the growth of the market.
natural rubber
natural gum
Chemical Industry
Textile Industry
Food Industry.
China
India
Japan
South Korea
Australia
Asia Pacific has the fastest growing rate due to the rising population and emerging economies like China and India.
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