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136 pages. Market Analysis and Insights: In 2020, the global rubber latex thread market size was US$ 700.7 million, and it is expected to reach US$ 968.4 million by the end of 2027, with a CAGR of 1.4% between 2022 and 2027. The global rubber latex threads are mainly produced in Thailand and Malaysia, the two counties hold production share over 75 percent in 2020. Key manufacturers in Thailand and Malaysia are Natural Rubber Thread Co. Ltd, Thai Rubber Latex Corporation, H.V.Fila, Longtex Rubber Industry, Thai Filatex Public Company and Rubberflex Sdn Bhd, global top four players hold a share about 60%.
China is the largest consumer and an important producer of rubber latex thread in the world, replying on importing rubber latex thread from Thailand and Malaysia. In next few years, China will still be the biggest single market in the world, strong demand from textile, clothing, and furniture applications. India, Southeast Asia are also important consumers, in the next future years, the Southeast and South Asia countries will play bigger roles, benefit from supply chain transfer from China, Japan, South Korea, North America and Europe. The trade friction between US and China, and the reverse globalization from US, will affect the supply chain stability, tariffs and market expectation. More and more brands have planned to diversify the sources of raw materials and customers.
COVID-19 has significantly affected the rubber latex thread industry, has large impact on the raw materials, supply, demand and the price of rubber latex thread. In 2021, with the global economic recovery, the demand is strong, and due to COVID-19, the price of rubber latex thread fluctuates wildly and going up. In terms of the 2021 whole year, it is predicted the average price will rise about 30%.
Global Rubber Latex Thread Scope and Market Size:The global Rubber Latex Thread market is segmented by region (country), company, by Type, and by Application. Players, stakeholders, and other participants in the global Rubber Latex Thread market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type, and by Application for the period 2016-2027.
Publication Date:1 January 2021
Category: Market Reports
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