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Crystal ball time, as at TK Bosaeng we take a glance into the future for the rubber gloves market in the coming year…

We believe the demand globally for rubber gloves will grow by around 6% in 2016. Although we are experiencing a global economic slowdown, greater awareness of health and safety in both the home and the factory, coupled with continuing demand for medical gloves will contribute to the growth.

Natural rubber – latex – will continue to dominate the market, despite the growing demand for nitrile gloves, particularly in established markets. Natural products will cater, almost exclusively, for new and emerging markets.

In the first half of the year, consumers will benefit from low prices, with both raw materials and, particularly, crude oil and gas prices declining. Later in the year, we believe that the oil price will start to regain its losses and raw material prices and logistic costs will follow leading to a price recovery that the gloves market will be able to stand without any major impact on sales.

South East Asia, in particular Thailand and Malaysia, will continue to dominate the supply of latex, but raw rubber prices are under pressure from the growth in nitrile competition. We are firmly of the view that the future for natural rubber products lies in a commitment by the industry to innovation and new product development. The Thai Rubber Gloves Manufacturers Association (TRGMA), in which TK Bosaeng plays a role, will continue to search out new opportunities through its relationship with regional governments and is committed to help fund research and development via Thailand’s Rubber Research Institute.

We are excited for the future, believing there are huge opportunities for the rubber goods markets and TK Bosaeng is determined to promote high quality, safe and reliable rubber gloves and other rubber products. If you want to know more about our business, please visit our website at www.tkbosaeng.com, or contact us at: Email: sales@www.tkbosaeng.com / Tel: +66 8 9443 9496.