In the first quarter of 2023, natural latex prices rose due to improved automotive and tire industry sales. However, the second quarter saw a downturn as excessive imports from Thailand and Malaysia outpaced demand, leading to a global slump in prices. High labor costs and low returns in the Asia Pacific region further affected the market. Despite increased sales in the tire sector, consumption lagged behind production. Imports into the Indian market also hindered the progress of natural latex price trends, impacting the overall global market dynamics negatively.
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Definition
Natural latex is a milky fluid derived from the rubber tree, Hevea brasiliensis. It contains a mixture of polymers, mainly natural rubber, and is known for its elasticity and resilience. This renewable resource is used extensively in manufacturing rubber products, including gloves, condoms, balloons, and various medical supplies. Its stretchability, durability, and biodegradability make it an eco-friendly material. However, latex allergies are a concern for some individuals. Through processing, natural latex is transformed into various rubber products, harnessing its inherent properties for a wide range of industrial and consumer applications.
Key Details About the Natural Latex Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on Natural Latex in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Natural Latex Price chart, including India Natural Latex price, USA Natural Latex price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Natural Latex Price Trend:
Natural latex serves a multitude of vital industrial purposes due to its unique properties. In the healthcare sector, it’s a cornerstone material for producing medical gloves, condoms, and various medical equipment due to its exceptional barrier properties and biocompatibility. The textile industry employs natural latex for creating elastic fabrics and waistbands. Furthermore, its elasticity and durability make it invaluable in manufacturing tires, automotive parts, and industrial belts. In construction, latex-based adhesives, sealants, and coatings are utilized for their strong bonding properties. Its water resistance also extends its applications to producing waterproof products like mattresses, pillows, and upholstery.
Key Players:
- Sri Trang Agro-Industry Public Company Ltd
- Southland Rubber Co Ltd
- Sinochem Group Co Ltd
- Num Rubber & Latex Co. Ltd
- Von Bundit Co Ltd
- Firestone Natural Rubber company
News and recent development:
The Rubber Board expects natural rubber production to grow by 8.3%. Despite the current market difficulties, the country’s natural rubber (NR) production is projected to increase by 8.3% from the 7,75,000 tonnes reported in the previous year to 8,39,000 tonnes in 2022–23.
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