Rubber products manufacturing companies are facing challenges as natural rubber prices have surged by over 33% in first five months of this fiscal year
Amid rapid expansion of the automobile industry, the rubber prices have skyrocketed owing to the market dynamics of an imbalance in the supply and demand of raw rubber.
The last time such a surge was recorded was more than a decade back in 2011.
Source: Down To Earth
About Rubber:
Natural rubber is a polymer made up of a chemical molecule called isoprene.
It is a native of the Amazon basin which was introduced to countries in the tropical belts of Asia and Africa in the late nineteenth century.
Climatic conditions required for Rubber
It requires moist and humid climates with heavy rainfall of more than 200 cm.
It grows well in equatorial climates and temperatures above 25 degrees Celsius.
It requires well-drained, weathered soils.
India is the world’s largest producer and the third-largest user of natural rubber.
Rubber Growing Areas in India:
Traditional regions include Tamil Nadu’s Kanyakumari District and Kerala.
Non-traditional regions include Coastal Karnataka, Goa, Maharashtra’s Konkan Region, coastal Andhra Pradesh and Orissa, the northeastern provinces, and the Andaman and Nicobar Islands, among other places.
Polymer:
It is any of a class of natural or synthetic substances composed of very large molecules, called macromolecules, that are multiples of simpler chemical units called monomers.