Market Snapshot:
Natural rubber is obtained from latex, a milky liquid present in either the latex vessels (ducts) or in the cells of rubber-producing plants. Typically, it is composed of about fifty-five percent water and around forty percent rubber material. Latex is the soft white substance found beneath the bark of a mature rubber tree. Natural Rubber Latex has many unique physical properties, such as high elasticity, excellent tear resistance, and good barrier properties against liquids and gases. Due to these properties, Natural Rubber Latex is used to manufacture a wide range of products, such as gloves, condoms, adhesives, balloons, and medical devices such as catheters and tubing. Further, rising demand and application of Natural Rubber Latex especially in developing economies are driving the market growth.
Highlights from Natural Rubber Latex industry Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The key Vendors profiled in the report are Halcyon Agri (Singapore), Von Bundit Co, LTD (Thailand), Num Rubber & Latex (Thailand), Apcotex Industries Ltd (India), Firestone Natural rubber company (India), Southland Rubber Co, Ltd (India), Sri Trang Agro-Industry Public Company Limited (Thailand), Thai Rubber Latex Group Public Company Limited (Thailand) and Yunnan Gaoshen Rubber (United States).
Geographic Breakdown and Segment Analysis
The Global Natural Rubber Latex industry market presents a comprehensive analysis of the Natural Rubber Latex industry market by product type (Centrifuged Latex, Creamed Latex and Skimmed Latex), by end-user/application (Medical Gloves, Condoms, Industrial Gloves, Balloons, Adhesives and Others (including foam, rubber bands, and elastic threads)), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Natural Rubber Latex industry industry. Investors and Vendors can easily understand the inherent opportunities and challenges for their products in geographical region of interest.
For instance, while the holds majority of market share of the Natural Rubber Latex industry market
Analyst at AMA have segmented the market study of Global Natural Rubber Latex industry market by Type, Application and Region.
Influencing Trend:
Growing demand for eco-friendly and sustainable products
Market Growth Drivers:
Rising demand and application of medical gloves especially in developing economies, Increasing application of natural rubber in the automotive industry and Growing demand for natural rubber latex products
Challenges:
Stringent government rules and regulations regarding the use of natural rubber latex in medical products and Rising health and safety concerns
Restraints:
Rising usage of synthetic latex in adhesives, coatings, and foam cushions
Opportunities:
Increasing demand for new and innovative products using natural rubber latex
Market Developments Activities:
In November 2022, China Hainan Rubber Industry Co., Ltd entered into an agreement and agreed to acquire a 36% of the stake in Halcyon Agri Corporation Limited from Sinochem International (Overseas) Pte. Ltd. This acquisition aimed to leverage expertise and resources in the natural rubber market.
In September 2021, Apcotex Industries announced the expansion of 60,000 metric tons of nitrile latex production capacity at its Valia plant in Gujarat and Taloja plant in Maharashtra. These projects are estimated to be completed by the third quarter of 2022. This expansion aimed to meet the growing demand for its products, especially in the medical and healthcare sector.
The natural rubber latex industry market is fragmented market due to the presence of various players. The players are focused on increasing their manufacturing capacity and are offering competitive prices to gain a high market share and establish their position in the market. Further, companies are also focused on developing innovative products and solutions to improve quality and enhance and promote performance. Additionally, the companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launches, mergers, and acquisitions to maintain their competitive edge in the market.
Key Target Audience
Regulatory bodies, Including government agencies and NGO, Commercial research and development (RandD) institutions, Government organizations, research organizations, and consulting firms, Trade associations and industry bodies, End-use industries and Others