Natural Rubber Market Forecast: Projected Growth to USD 30,914.3 Million by 2033 | Future Market Insights, Inc. [Yahoo! Finance]
BRIDGESTONE CORP UNSP/ADR (BRDCY)
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Source: Yahoo! Finance
The highly developed and competitive landscape in the USA sees substantial investments in research and innovation aimed at enhancing product quality. As a result, consumption of natural rubber from these sectors has been steadily increasing over the years. Looking ahead, the USA is projected to lead natural rubber consumption in North America during the forecast period, further solidifying its position in the market. NEWARK, Del, Oct. 28, 2024 (GLOBE NEWSWIRE) -- The global demand for natural rubber is projected to reach a valuation of USD 18,270.6 million in 2023 and is expected to grow at a steady compound annual growth rate (CAGR) of 5.4% from 2023 to 2033. This growth trajectory is driven by the increasing demand in key sectors such as automotive, construction, and industrial manufacturing, where natural rubber is a crucial raw material, particularly in tire production and various durable goods. By 2033, the market's value is anticipated to reach USD 30,914.3 million, underscori
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