Market Definition: The Global Synthetic Latex Polymers Market is expected to reach USD 35.12 billion by 2025, from USD 26.53 billion in 2017 growing at a CAGR of 4.5% during the forecast to 2025.
Synthetic latex polymers are available in different types, including styrene acrylic, styrene butadiene, acrylic, vinyl acetate copolymer, polyvinyl acetate, vinyl acetate ethylene and others. Synthetic latex polymers are used in various application including paints & coatings, adhesives & sealants, nonwovens, carpets and paper & paperboard. According to American Coating Association, U.S. exported USD 2.3 billion of paint and coatings products in 2014, the highest level in a decade. Furthermore, the third largest export market for U.S. paint and coatings products was China at USD 90 million in 2014 and Japan and U. K. rounded out the top five leading export markets for U.S. paint and coatings products in 2014, at USD 41 million and USD 39 million, respectively. This factor proves that the market of paints and coating around the globe is developing and will drive the demand for synthetic latex polymers.
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Major Key Players:
Some of the major players operating in the global synthetic latex polymers market are – Wacker Chemie, Synthomer, BASF, Celanese, Dow, Arkema Group, ARLANXEO, Asahi Kasei, OMNOVA Solutions, Trinseo, Apcotex, Bangkok Synthetics, Goodyear Chemical, Jubilant Agri & Consumer Products, Kumho Petrochemical, LG Chem, Lion Elastomers, Lubrizol, Shanghai Baolijia, Shanxi Sanwei, Sibur, Sumitomo Chemical, The Synthetic Latex Company, Versalis, Zeon among others.
Global Synthetic Latex Polymers Market, By Type (Styrene Acrylic, Styrene Butadiene, Acrylic, Vinyl Acetate Copolymer, Polyvinyl Acetate, Vinyl Acetate Ethylene, Others), By Application (Paints & Coatings, Adhesives & Sealants, Nonwovens, Carpets, Paper & Paperboard, Others), By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)– Industry Trends and Forecast to 2025
The global synthetic latex polymers market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of synthetic latex polymers market for global, Europe, North America, Asia Pacific and South America.
Major Market Drivers and Restraint:
- High demand for synthetic latex polymers for paints and coatings
- Replacement of solvent-based adhesives
- Increasing construction and electronics sector in developing countries
- Diminishing demand for carpets and paper & paper products
- Fluctuation in crude oil prices
Table of Contents
2. Market Segmentation
3. Market Overview
4. Executive Summary
5. Premium Insights
6. Global, By Component
7. Product Type
9. Industry Type
10.2. North America
10.5. South America
10.6. Middle East & Africa
11. Company Landscape
12. Company Profiles
13. Related Reports
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- The global synthetic latex polymers market is segmented based on type, application and geographical segments.
- Based on type, the global synthetic latex polymers market is segmented into styrene acrylic, styrene butadiene, acrylic, vinyl acetate copolymer, polyvinyl acetate, vinyl acetate ethylene and others.
- On the basis of application, the global synthetic latex polymers market is classified into paints & coatings, adhesives & sealants, nonwovens, carpets, paper & paperboard and others.
- Based on geography, the global synthetic latex polymers market report covers data points for 28 countries across multiple geographies namely North America & South America, Europe, Asia-Pacific and, Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa and, Brazil among others.
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