Rubber Latex Thread Market Size, Share, Growth, and Industry Analysis by Type (Coarse Gauge (Count 20#-46#), Medium Gauge (Count 48#-80#), Fine Gauge (Count Above 80#)), by Application (Food Industry, Textile and Clothing, Industrial, Others), and Regional Forecast to 2027

Updated On: 22 April 2024

Report Overview

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The global rubber latex thread market size was 591.2 million in 2020. As per our research, the market is expected to reach USD 742.1 million in 2027, exhibiting a CAGR of 3.3% during the forecast period. The global COVID-19 pandemic has been unprecedented and staggering, with rubber latex thread market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market growth and demand returning to pre-pandemic levels once the pandemic is over. 

Rubber latex thread, sometimes called rubber thread, is obtained from the rubber tree, are widely used in daily life product. They are extremely valuable, because each rubber tree produces only 30 ml of latex juice per day. Latex has wide range of uses, for example elastic fabric used in everyday life, such as various elastic, tight underwear, swimwear, socks, gloves, mouth, belts, lingerie straps and so on. Rubber latex thread is a type of thread made from rubber latex. It is vital because it is durable and resists water, making it ideal for use in raincoats and other waterproof garments. This is useful for people who need to work or play in wet conditions. This also means that rubber latex thread is less likely to untangle or break than other kinds of thread. Rubber latex threads are widely used in the textiles industry on account of their stuffs including high tensile strength & flexibility which help develop the overall performance of textiles during the manufacturing process. Rubber-based fabrics have outstanding resistance against UV light hence they are expansively used for outdoor wear applications where durability is an imperative factor in choosing a product among clients worldwide. There has been numerous research and development activities are proceeding to augment rubber latex thread products and new innovative technologies. Building & construction industry in the country is also boosting the demand for industrial rubber. Technological advancements and innovation activate unique revenue augmenting opportunity which will upsurge the rubber latex thread market growth. Growing investment in research and development activities and growing awareness about benefits are expected to deliver profitable opportunities for the market. Constant development are one of the trends in the market in variety of practices. Participating are fixing their efforts on encouraging R&D. Technological development are supporting the regional market growth. Companies coming up with progressive technological solutions for firming their positions.

COVID-19 Impact:  Pandemic hampered the market due to unexpected disruption in the sector

Covid 19 pandemic has extremely affected the whole world. It caused many unexpected disruption and affected the industry. Covid 19 had negative impact on the market due to economic slowdown, unpredictability in financial sector and high unstable market. The pandemic resulted in decreased demand due to a disrupted supply chain, drop in sales of products, delivery schedules. Travel bans imposed affected business collaboration and partnership. Demand had recently reduced due to travel bans and lockdown during the COVID-19 pandemic. The continuous loss in the business due to the lockdown measures is projected to directly influence the growth of the investments in the market.

Latest Trends

"Use of innovative products to boost the market growth "

Technological improvement and development will further enhance the presentation of the product, allowing it to obtain a varied range of requests in the market. Technological advancement will improve performance and propel the market growth. Technological advancement with high demand are increasingly setting a force to increase the productivity. Some players focus on product improvement to meet consumer requirements and likings. Constant innovation in manufacturing of products is anticipated to stimulate product demand.

Segmentation

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• By Type Analysis

According to type, the market can be segmented into Coarse Gauge (Count 20#-46#), Medium Gauge (Count 48#-80#), Fine Gauge (Count Above 80#).

Medium Gauge (Count 48#-80#) capture the maximum market share through forecast period.

• By Application Analysis

According to application, the market can be segmented into food industry, textile and clothing industrial, others.

Rubber latex thread market players cover segment as food industry will dominate the market share during forecast period.

Driving Factors

"Increase in demand in various activities to boost the market growth"

Growing demand for rubber latex products from developing economies, the growing use of rubber latex thread in the automotive industry, and the improved focus on research and development activities by manufacturers.  Growing demand from the healthcare and medical industry for various medical applications such as catheters, wound dressings, and surgical gloves.

"Increase in demand in construction industry to upsurge the market."

Growing demand from the construction industry for waterproofing and jointing uses is also encouraging the progression of the market. The upward demand from the manufacturing and automotive industries for seals, hoses, and gaskets is appealing the rubber latex thread market.

Restraining Factors

"Volatile price of raw material to hamper the market growth"

Instability in price is hampering development of rubber latex thread market. Unpredictable prices of raw materials, rigorous guidelines on the usage of rubber latex products and environmental concerns allied with the business of rubber latex products are depleting the market development. Lack of knowledge and awareness is also another factor which is draining the growth. Technical difficulties will reduce the industry revenue.

Regional Insights

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"Asia Pacific to dominate the region due to large number of production"

Asia Pacific is further expected to witness growth in the rubber latex thread market share. The region is dominating the market due to presence of a large number of production units in this region. The rising inhabitants, rapid urbanization and increasing income levels are also contributing to the development of the market. Upsurge in investments by key market players for the R&D undertakings and enlargement of their production abilities and product portfolios are projected to upsurge the growth. The expansion of regional market is being aided by technological developments.

Key Industry Players

"Key players focus on partnerships to gain competitive advantage."

The key players are dynamically contributing in strategic events that are aimed at maintaining strong market position and increasing market share by merger, partnerships and others. Key players are motivated to introduce new innovative products. They are spending severely on research and development in order to arise with more new technology so that they can maintain and improve their existing market. The market changes are dynamic such as market expansion, partnership and merger.

List of Market Players Profiled

• Natural Rubber Thread Co. Ltd (Thailand)
• Thai Rubber Latex Corporation (Thailand)
• Longtex Rubber Industry (Thailand)
• Rondex (Thailand) Co.,Ltd (Thailand)
• Rubfila International (India)

Report Coverage

The report provides scrutiny and information according to market sectors. Business overview, financial overview, product portfolio, new project launch, recent development enquiry are the factors included in the profile. The report incorporates completely examined and appraised evidence of the noticeable players and their position in the market by methods for various descriptive tools. The report covers national and regional level market size and forecast. The report gives businesses the facility to research new prospect in many areas. The report shows to be an operational tool that players can use to gain a competitive superiority over their opponents and ensure lasting achievement in the market.