Latin America Natural Rubber And Gums Market

Latin America Natural Rubber and Gums Market Size (2024 to 2032)

Latin America Natural Rubber and Gums Market is predicted to reach USD 1.67 billion in 2024 and USD 2.31 billion by 2032, growing at a CAGR of 4.15% during the forecast period.

MARKET OVERVIEW

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, high resilience and large stretch ratio. Natural gums are used extensively in food industry as gelling agents, thickening agents, stabilizers and emulsifying agents. It is also used as binding agents, crystal inhibitor, adhesive, clarifying agents and swelling agents in other industries. In most of cases, gum is extracted from woody elements of plants or seed coatings.The Latin America 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, favourable 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.

This research report on the Latin America Natural Rubber and Gums market has been segmented and sub-segmented into the following categories.

Latin America Natural Rubber and Gums Market By Product Type

• natural rubber

• natural gum

Latin America Natural Rubber and Gums Market By Application

• Chemical Industry

• Textile Industry

• Food Industry

Latin America Natural Rubber and Gums Market By Country

• Brazil

• Mexico

• Argentina

and remaining countries of South America. Brazil is one of the largest markets in this region followed by Mexico, Argentina, and Columbia, which are also intensifying their investments in the market.

KEY MARKET PLAYERS

• Bridgestone
• Triveni Chemicals
• Indian Natural Rubber
• Shivshankar Rubber Products
• Habasit, Nature & Nurture Healthcare Pvt. Ltd.
• Peenal Polyrub
• Altrafine Gums
• Ananta Polyrubb Pvt. Ltd.
• Hainan Rubber Group
• Raintree Gum