Rubber is an important industrial material derived from latex, a runny liquid extracted from rubber trees. With the invention of the automobile in the late 1800s, rubber became essential for tires, hoses and other automotive parts. Today, over 12.5 million tons of natural rubber are consumed globally each year, with over 70% coming from Thailand, Indonesia and Malaysia. While natural rubber still has many uses, synthetic rubbers produced from petroleum increasingly compete with natural rubber in industrial applications.