Product Code: ETC334585 | Publication Date: Aug 2022 | Updated Date: Apr 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
The Thailand Natural Rubber Market may undergo a gradual slowdown in growth rates between 2025 and 2029. Starting high at -0.08% in 2025, the market steadily declines to -0.30% by 2029.
The Natural Rubber market in Thailand is projected to grow at a negative growth rate of -0.12% by 2027, within the Asia region led by China, along with other countries like India, Japan, Australia and South Korea, collectively shaping a dynamic and evolving market environment driven by innovation and increasing adoption of emerging technologies.
The Thailand Natural Rubber market plays a significant role in the global rubber industry. Thailand is one of the world`s largest producers and exporters of natural rubber. This market is characterized by a wide range of rubber products, including sheets, latex, and various grades of rubber used in industries such as automotive, footwear, and construction. Thailand`s natural rubber sector is known for its quality, and it contributes significantly to the country`s economy.
The Thailand Natural Rubber market is primarily driven by several factors that collectively contribute to its growth and stability. Firstly, Thailand is one of the world`s leading producers of natural rubber, benefiting from a favorable tropical climate and extensive rubber plantations. This abundance of raw material ensures a consistent supply, which in turn supports the market. Furthermore, the automotive industry`s demand for natural rubber remains a significant driver, as it is a key component in tire manufacturing. As global automobile production continues to rise, particularly in the Asia-Pacific region, Thailand`s natural rubber market is poised to benefit from this sustained demand. Additionally, the increasing awareness of sustainability and eco-friendly products has led to a growing preference for natural rubber over synthetic alternatives, further boosting the market`s prospects.
The Thailand Natural Rubber Market faces challenges tied to price fluctuations and market volatility. Rubber prices can be influenced by global economic conditions, weather events, and fluctuations in demand from industries like automotive and manufacturing. Managing these price fluctuations and ensuring consistent quality are critical hurdles for the natural rubber sector.
The COVID-19 pandemic had a mixed impact on the natural rubber market in Thailand, which is a significant global producer of natural rubber. Initially, there was a slowdown in rubber production and exports due to labor shortages and restrictions on movement. The automotive industry, a major consumer of natural rubber for tire manufacturing, also experienced disruptions. However, as global supply chains adjusted, rubber production rebounded. The market also witnessed increased demand for rubber gloves and other medical products, driven by the need for personal protective equipment during the pandemic. This led to innovations in rubber processing and production methods to meet the surge in demand.
Thailand`s Natural Rubber market is dominated by major players like Sri Trang Group, Von Bundit, and Thai Hua Rubber. These companies have played a pivotal role in Thailand`s status as one of the world`s leading rubber producers. Their extensive rubber plantations, commitment to quality, and adherence to sustainability standards have solidified their positions as leaders in the global rubber industry.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Thailand Natural Rubber Market Overview |
3.1 Thailand Country Macro Economic Indicators |
3.2 Thailand Natural Rubber Market Revenues & Volume, 2021 & 2031F |
3.3 Thailand Natural Rubber Market - Industry Life Cycle |
3.4 Thailand Natural Rubber Market - Porter's Five Forces |
3.5 Thailand Natural Rubber Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Thailand Natural Rubber Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
3.7 Thailand Natural Rubber Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Thailand Natural Rubber Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Thailand Natural Rubber Market Trends |
6 Thailand Natural Rubber Market, By Types |
6.1 Thailand Natural Rubber Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Thailand Natural Rubber Market Revenues & Volume, By Product Type, 2021-2031F |
6.1.3 Thailand Natural Rubber Market Revenues & Volume, By RSS Grade, 2021-2031F |
6.1.4 Thailand Natural Rubber Market Revenues & Volume, By Latex Concentrate, 2021-2031F |
6.1.5 Thailand Natural Rubber Market Revenues & Volume, By Solid Block, 2021-2031F |
6.2 Thailand Natural Rubber Market, By Distribution Channel |
6.2.1 Overview and Analysis |
6.2.2 Thailand Natural Rubber Market Revenues & Volume, By Online, 2021-2031F |
6.2.3 Thailand Natural Rubber Market Revenues & Volume, By Offline, 2021-2031F |
6.3 Thailand Natural Rubber Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Thailand Natural Rubber Market Revenues & Volume, By Automobiles, 2021-2031F |
6.3.3 Thailand Natural Rubber Market Revenues & Volume, By Gloves, 2021-2031F |
6.3.4 Thailand Natural Rubber Market Revenues & Volume, By Footwear, 2021-2031F |
6.3.5 Thailand Natural Rubber Market Revenues & Volume, By Belting & Hose, 2021-2031F |
7 Thailand Natural Rubber Market Import-Export Trade Statistics |
7.1 Thailand Natural Rubber Market Export to Major Countries |
7.2 Thailand Natural Rubber Market Imports from Major Countries |
8 Thailand Natural Rubber Market Key Performance Indicators |
9 Thailand Natural Rubber Market - Opportunity Assessment |
9.1 Thailand Natural Rubber Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Thailand Natural Rubber Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
9.3 Thailand Natural Rubber Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Thailand Natural Rubber Market - Competitive Landscape |
10.1 Thailand Natural Rubber Market Revenue Share, By Companies, 2024 |
10.2 Thailand Natural Rubber Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |