Cost Comparison between Natural and Synthetic Rubber

Rubber is a great material which can be used in pretty much every industry nowadays, so long as it has been treated properly. Rubber can be divided into natural rubber and synthetic rubber. There are many reasons which can be held accountable for the difference in prices among both and production costs, economic situation of a country as well global demand supply is one.

Natural Rubber Prices

Rubber trees are mainly found in Southeast Asia, and natural rubber comes from these. Its availability can be impacted by environmental conditions, diseases and pest disturbances. Similarly, natural rubber prices are also affected by global economic patterns and natural rubber is more expensive than synthetic rubber. Over the years, natural rubber prices have always been on tenterhooks spearheaded by global demand and supply vagaries.

Cost of natural rubber was highest this year in the August month and lowered in the September month. Please check latest natural rubber price per kg which are given below;

This is the chart of latest prices of natural rubber per kg but till September, 2024. If you want to track the real-time prices of the natural rubber per kg then you can visit the official website of CostMasters and track the real-time natural rubber prices. You can also get latest natural rubber forecasting report for the upcoming year. The accuracy of price prediction is above 90%.

The sample is given below;

Synthetic Rubber Prices

Synthetic rubber is the one of the type of synthetic elastomer. Synthetic rubber is constituted from petroleum derivatives. The price of oil and the state of working capital in petrochemical are directly impact its supply. The price of synthetic rubber is driven by the fluctuation in oil prices, and with recent fluctuations holding steady at increased heights. In any case, the price of synthetic rubber is generally less likely to fluctuate as natural rubber given that its production has a greater control on prices.

The prices of Synthetic rubber reached at its peak in 2024 reaching at Rs 180 per KG. Synthetic rubber prices chart is given below and this chart is up to September 30,

The chart given above shows the clarity of dashboard and let you understand the prices per kg clearly. The dashboard of CostMasters is so simple and easy to navigate that you easily wander through all important sections.

The forecasting report sample of synthetic rubber is also given below. This is the very simple dashboard that is very easy to navigate. Check out the sample given below;

Comparative price of natural rubber and synthetic rubber

Natural Rubber:

• More expensive
• better performance characteristics
• Supply instability

Synthetic Rubber

• Cheap
• Between specifications in performance characteristics
• Stable supply

Conclusion

Natural Rubber Vs Synthetic Rubber: The prize difference between natural rubber and synthetic rubber is subject to many factors. But even though it is costly compared to the other synthetic rubbers, natural rubber features higher performance characteristics and thus can be found in many industrial applications.

Synthetic rubber is more economical, but its performance properties may be lower than natural rubber.