Dublin, Aug. 29, 2023 (GLOBE NEWSWIRE) -- The "Ribbed Smoked Sheet (RSS): Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Ribbed Smoked Sheet (RSS) Market to Reach 7.2 Million Metric Tons by 2030
In the shifting global landscape, the Ribbed Smoked Sheet (RSS) market emerges as a key indicator of transformation. With an estimated market volume of 5.2 Million Metric Tons in 2022, the market is set to undergo significant growth.
Projections suggest that by 2030, the Ribbed Smoked Sheet market will reach a revised size of 7.2 Million Metric Tons, exhibiting a noteworthy compound annual growth rate (CAGR) of 4.2% during the analysis period from 2022 to 2030.
This market's impact extends across continents, with the U.S. accounting for an estimated Ribbed Smoked Sheet market volume of 1.4 Million Metric Tons in 2022. Meanwhile, China, the second-largest global economy, is projected to play a leading role, with a forecasted market size of 1.5 Million Metric Tons by 2030. This growth story is underpinned by a robust CAGR of 7.1% spanning from 2022 to 2030.
Additionally, other geographic markets are poised for noteworthy growth. Notable among these are Japan and Canada, projected to achieve growth rates of 2.2% and 3.5% respectively during the period from 2022 to 2030. Within Europe, Germany is expected to experience growth at an approximate CAGR of 2.8%.
Amidst these market dynamics, the global economy faces intricate challenges. Companies exhibiting cautious investment strategies, subdued demand, and inflation concerns are anticipated to impact capital expenditure. The specter of slower growth and heightened inflation casts a shadow over developed markets, raising concerns of potential recession.
As markets remain volatile and trade tensions persist, the landscape further gains complexity. Despite these challenges, businesses and leaders demonstrating resilience and adaptability hold the potential to navigate the landscape and seize opportunities.
MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Ribbed Smoked Sheet (RSS): An Established Variant of Natural Rubber
- Recent Market Activity
- China Dominates the Global RSS Market
- Myriad Applications in Several End-use Industries Drive Widespread Consumption
- Key Applications of Natural Rubber Ribbed Smoked Sheet (RSS) by End-Use Industry: A Snapshot
- Automobile/Transportation Applications
- Consumer Applications
- Healthcare & Hygiene
- Industrial Applications
- Other Applications
- Market Fortunes Intrinsically Linked to the Performance of the Natural Rubber Industry
- Global Natural Rubber Industry: Fast Facts
- Key International Factors Influencing Natural Rubber Industry
- Key Domestic Factors Influencing Natural Rubber Industry
- Global Market Outlook
- Improving Economic Growth Encourage Optimistic Market Outlook
- Competitive Landscape
- Highly Concentrated Production Scenario
- Marketplace Remains Fragmented
- Thailand-based Companies Dominate the Global Market
- Ribbed Smoked Sheet (RSS) - Global Key Competitors Percentage Market Share in 2022 (E)
- Impact of Covid-19 and a Looming Global Recession
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
MARKET TRENDS & DRIVERS
- Steady Demand from Automotive and Non-Motor Vehicle Tires Manufacturing Drive Healthy Market Growth
- Upward Trajectory in Automotive Production Promote Tires Demand
- Growing Two-Wheeler Sales Augur Well
- Healthy Tide in Off-The-Road Vehicles Market
- Growing Prominence of Single-Use Disposable Items Drive Demand for RSS in Medical Products
- High Flexibility and Hygiene Attributes Boost Demand in Industrial Applications
- Rising Popularity of Fashionable, Comfortable and Multifunctional Footwear Benefit RSS Consumption
- Government Policies Favor Market Growth
- Market Characterized by High Trading Activity
- Global Natural Rubber Market: Major Commodity Exchanges for Trading Natural Rubber Futures
- Recent Exchange Rate Fluctuations Influence Trade Volumes
- Common Trade Platform to Bolster Market Prospects
- Pricing Dynamics
- Ongoing Research on High-Yielding Clones to Strengthen Market Penetration
- Rise in Consumer Awareness to Propel Market
- Key Issues & Challenges Hampering Market Prospects for Natural Rubber Ribbed Smoked Sheets
- Environmental Concerns Related to Rubber Processing
- Continued Proliferation of Synthetic Rubber
- Emerging Market for Technically Specified Rubber (TSR)
FOCUS ON SELECT PLAYERS (Total 23 Featured)
- GMG Global Ltd. (Singapore)
- Hong Sinh Rubber Joint Stock Company (Vietnam)
- Kuala Lumpur Kepong Berhad (Malaysia)
- PT Bakrie Sumatera Plantations Tbk (Indonesia)
- Royal Latex Pvt. Ltd. (India)
- Shree Tirupati Rubber Products (India)
- SouthLand Rubber Co., Ltd. (Thailand)
- Sri Trang Agro-Industry Public Company Ltd. (Thailand)
- Srijaroen Group (Thailand)
- SSP Rubber (Thailand) Co., Ltd. (Thailand)
- Teodoro Gonzalez, S.A. (Spain)
- Thai Hua Rubber Plc (Thailand)
- The Vietnam Rubber Group (Vietnam)
- Thomson Group (India)
- Titi Latex Sdn Bhd (Malaysia)
- Tong Thai N.B. Co., Ltd. (Thailand)
- Unitex Rubber Co., Ltd. (Thailand)
- Von Bundit Co., Ltd. (Thailand)
- Watap Thailand Co., Ltd. (Thailand)
For more information about this report visit https://www.researchandmarkets.com/r/isfx7p
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