Rubberwood is often the most misunderstood species of wood in the furniture industry. The name rubberwood invokes a variety of misconceptions as to it’s features and to it’s durability.Rubberwood (also called Parawood in Thailand) is the standard common name for the timber of Hevea brasiliensis.ubberwood is the most ecologically “friendly” lumber used in today’s furniture industry. After the economic life of the rubber tree, which is generally 26-30 years, the latex yields become extremely low and the planters then fell the rubber trees and plant new ones.