my country’s latex products market is gradually expanding and market concentration is low

Latex products refer to various products made of latex as the main raw material, which have relatively good elasticity and softness. At present, there are many types of latex products, mainly including condoms, sponges, latex pillows, latex cotton, latex mattresses, latex gloves and other products, which are widely used in many fields such as industry, medical, household and daily consumer goods. Among them, condoms have become the largest segmented product in the latex products market, accounting for 43.9% of the market; followed by latex mattresses, accounting for 34.2% of the market.

From the upstream of the industrial chain, latex has become the main raw material for the production of latex products. Latex refers to a colloidal emulsion formed by polymer particles dispersed in water. It can be roughly divided into natural latex, synthetic latex and artificial latex. Among them, natural latex is mainly obtained from rubber trees. However, due to my country’s geographical environment and climate, the planting area of ​​rubber trees is relatively small, resulting in relatively low natural latex production. In 2022, my country’s natural latex production will be 368,000 tons. At this stage, my country’s synthetic latex production technology is gradually improving and output is gradually increasing. In 2022, my country’s synthetic rubber output will reach 8.228 million tons. However, due to the large consumption of latex in my country, latex production cannot meet market demand, and large quantities of latex still need to be imported from abroad.

According to the “China Latex Products Industry Market In-depth Research and Development Prospects Forecast Report 2023-2028” released by the Industrial Research Center, rubber With its ultra-high elasticity, good biological properties, stable chemical properties, and good wearability, the products are loved by consumers, and market penetration is gradually increasing. At this stage, the preparation technology of latex products in my country is gradually maturing, and the product types are becoming increasingly rich, involving almost all walks of life in social life, and the market demand is relatively huge. Against this background, the scale of my country’s latex products market has gradually expanded. In 2022, my country’s latex products market size will be 25.73 billion yuan, a year-on-year increase of 4.6%.

There are a large number of companies in my country’s latex products market, and the market concentration is low. The major latex products companies in my country include Zhenjiang Suhui, Guangzhou Junda, Anhui Haojie, Zhangjiagang Hongyu, Beijing Ruijing, Guangzhou Shuangyi, Shandong Xingyu, Zhanjiang Jiali, Suzhou Jialewei, Beijing Huateng, Shanghai Kebang, Guilin Zizhu, Zhuzhou Hospital, Guangdong Huitong, etc.

Industry analysts said that with the continuous development of my country’s latex products market, market competition has become more intense, and larger companies have continued to increase With investment in R&D, product R&D strength has gradually improved, great progress has been made in new processes, new materials and other aspects, product quality has gradually improved, and market competitiveness has gradually increased. As for small and medium-sized enterprises, due to their weak R&D capabilities and slow improvement in product quality, their market share is gradually being squeezed. They may be eliminated or disappear in the future, and market concentration is expected to increase.