The latest report titled “Natural Rubber Production” by Procurement Resource, a global procurement research and consulting firm, provides an in-depth cost analysis of the production process of Natural Rubber.
Procurement Resource study is based on the latest prices and other economic data available. It also offers additional analysis of the report with detailed breakdown of all cost components (capital investment details, production cost details, economics for another plant location, dynamic cost model). In addition, the report incorporates the production process with detailed process and material flow, capital investment, operating costs along with financial expenses and depreciation charges.
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Procurement Resource’s detailed report describes the stepwise consumption of material and utilities along with a detailed process flow diagram. Furthermore, the study assesses the latest developments within the industry that might influence Natural Rubber production cost, looking into capacity expansions, plant turnarounds, mergers, acquisitions, and investments.
Procurement Resource Assessment of Natural Rubber Production Process:
1. Natural Rubber Production Cost From Rubber Tree: This report presents the detailed production methodology and cost analysis of natural rubber industrial production across natural rubber manufacturing plants. This procedure involves the collection of latex from the stem of the Hevea brasiliensis tree. Further, it involves the filtration of fresh latex and dilution with formic acid. Lastly, rubber sheets are formed by removing the excess water and rolling the coagulated rubber, which is further dried to form natural rubber sheets.
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Product Definition:
Natural rubber is a versatile material, also referred to as latex or Indian rubber, and has been utilized for centuries in various applications. It is derived from the rubber tree sap, scientifically identified as Hevea brasiliensis, which is indigenous to the Amazon rainforest in South America. The unique properties of this product, such as high elasticity, excellent tensile strength, and resistance to wear and tear, have made it a key raw material in numerous industries. It is widely used in the production of tires. In fact, approximately 73% of the world’s natural rubber consumption is utilized in the production of tires. Besides this, footwear manufacturers also employ this product as a raw material. It is also a famous material for roofing purposes, as it acts as a sealant and adhesive.
Market Drivers:
Natural rubber is a widely utilized raw material in the automotive industry, where it is employed for the production of an extensive array of products. This includes tires, tubes, adhesives, hoses, pipes, gaskets, and roll coverings. The demand for both tire and non-tire automotive parts is on the rise, and this is expected to drive market growth. Additionally, natural rubber finds application in several other sectors, such as the production of footwear, construction materials, industrial goods, textiles, as well as various consumer products. It is widely used in manufacturing footwear due to its advantages. For instance, it protects from water, chemicals, electric shock, and low temperatures. Similarly, it is utilized in the production of protective covers and mats. The market’s growth is further fuelled by the increasing use of textiles and industrial goods.
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