The natural rubber industry in China is showing a new normal development trend, and the import situation will continue, but the supply pressure will gradually ease
1, Industry related definitions
Natural rubber (NR) is a natural polymer compound mainly composed of cis-1,4-polyisoprene. 91% to 94% of its components are rubber hydrocarbons (cis-1,4-polyisoprene), while the rest are non rubber substances such as proteins, fatty acids, ash, and sugars. Natural rubber is the most widely used universal rubber.
According to the "Analysis of Development Trends and Future Investment Research Report on China's Natural Rubber Industry (2024-2031)" released by Guanyan Report Network, what we usually refer to as natural rubber refers to elastic solids made from natural rubber latex collected from Brazilian rubber trees and processed through solidification, drying, and other processes. Natural rubber is a natural polymer compound mainly composed of cis-1,4-polyisoprene. Its rubber hydrocarbon (cis-1,4-polyisoprene) content is over 90%, and it also contains small amounts of protein, fatty acids, sugar, and ash.
2, Industry Development Status
1. Market size
In recent years, with strong support from the government, the domestic rubber material industry has made significant breakthroughs, and the technological level and industrialization level in the field of rubber materials and applications have accelerated, entering an unprecedented new stage of development. A rubber material industry cluster has initially formed in China, mainly in Jiangsu, Shandong and other places. In terms of market size, from 2019 to 2022, the market size of China's natural rubber industry showed a growing trend, increasing from 183.076 billion yuan to 302.761 billion yuan. In 2023, China's natural rubber industry continued to develop rapidly, but due to market competition, product prices declined, resulting in a slight decrease in market size to 296.585 billion yuan.