World’s Top Rubber Grower Challenges Malaysia’s Glove Dominance

 

About 80% of Thailand’s rubber has traditionally been exported for further processing, with tiremakers normally the biggest customers. But with the pandemic driving up demand for gloves, Thailand can easily double its market share to 26% next year, according to Boon Vanasin, a local hospital tycoon setting up a 20-billion gloves facility.

 

While Malaysian firms were quick to ramp up glove production, often using nitrile, a synthetic compound, Thailand was slower to make the pivot to local manufacturing. Now the state-owned Rubber Authority of Thailand is nudging companies to boost glove production to take advantage of the nation’s abundant supply of natural rubber.
 

“We want to be the world’s number one natural rubber glove producer,” Rubber Authority Governor Nakorn Takkavirapat said in an interview. “There’s a lot of opportunities for us because the Asian glove market has the biggest growth potential, and we supply the majority of natural rubber to the world.”

 

Thailand produces about 4.8 million metric tons of natural rubber annually, far ahead of Indonesia, Vietnam and Malaysia.

 

Doubling Capacity

Boon, who is chairman of Thonburi Healthcare Group Pcl, estimates global gloves demand at 400 billion to 600 billion pieces annually with current supplies only about half of that. And Thai rubber industry is already accelerating glove production capacity to meet the rising demand.

 

Sri Trang Gloves Pcl, the country’s biggest glovemaker plans to more than double its capacity to 70 billion by 2026. By 2032, it plans to churn out 100 billion gloves annually.





* information from : https://www.bloomberg.com/news/articles/2020-08-27/world-s-top-rubber-grower-challenges-malaysia-s-glove-dominance