Thai rubber glove makers target 20% share of global market

By The Nation

 

 

Thailand’s rubber glove industry is aiming to expand its slice of the global market from 15 per cent to 20 per cent in the next five years.

 

To meet that target, the Thai Rubber Glove Manufacturers Association (TRGMA) is pushing for increased investment and improved overall competitiveness in the industry.

 

Association president Veerasith Sinchareonkul said the long-term aim was to grab a 40-per-cent share of the world market.

The move follows a 20-per-cent jump in global demand for rubber gloves to 3.6 million amid the Covid-19 pandemic.

 

Demand is expected to rise by another 10 per cent next year.

 

Veerasith urged the government to provide more financial support to help manufacturers expand investment. It should also streamline regulations to ease the launch of new factories, he added.

 

Thailand is the world's second largest exporter of rubber gloves, driven by 19 manufacturers with combined production capacity of 46 billion per year. Of that total, 90 per cent is exported. Medical rubber gloves account for 88 per cent of total production.

 

"We want to see Thailand become the world's production hub of natural-rubber gloves," he said.

 

China and Malaysia, the world's major rubber glove makers, have already expanded their production capacity, he added.

 

Source: https://www.nationthailand.com/business/30399364

 

 

-- © Copyright The Nation Thailand 2020-12-10

 

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Wrong product.....they need to refocus.  This is where they need to be growing....pun intended.

Well the rubber price went up 65 % the last 6 months because of this covid 19 crisis where rubber is used in many of those things used as protective gear, so Thailand can make a ton of money on their rubber.

 

Same with the aluminium used in facemasks.

 

Could be worth investing a penny or two in those 2 commodities....

Hubba Rubba ....

Idea to boost the market share...

In line with all the hoops we have to jump through to return to LOS, i propose cavity searches at all entry points. 

Pun intended.

From no money no honey to no glove no love

Another hub.....................

Might have missed the boat, due to the pandemic, rubber gloves were in big demand, 

But once the roll out of vaccine in all Countries is achieved, and covid is eliminated the demand for ppe & rubber gloves will shrink... 

19 hours ago, ThailandRyan said:

Wrong product.....they need to refocus.  This is where they need to be growing....pun intended.

 

Eurghh .! has it been used Ryan as that looks like a tadpole in the dome'y bit ..

Edited December 10, 20205 yr by Justgrazing
Sp

20 hours ago, ThailandRyan said:

Wrong product.....they need to refocus.  This is where they need to be growing....pun intended.

If they did that, they could increase their sales ten-fold for the same costs. just by cutting the fingers off each pair of gloves.