According to Stratistics MRC, the Global Synthetic Latex Polymers Market is accounted for $27.02 billion in 2017 and is expected to reach $47.96 billion by 2026 growing at a CAGR of 6.5% during the forecast period.
Gaithersburg, MD, US – June 14, 2018 —
Factors such as growing demand for adhesives & sealants, better usage of synthetic latex polymers in paints & coatings application and substitute of solvent-based adhesives by water-based adhesives are propelling the market growth. However, a variable crude oil cost and reducing demand for paper & carpets products are hampering the market. Rising electronics and construction industries in developing nations provides ample of opportunities for the market growth.
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By Type, Styrene acrylics are used in the producing of architectural paints. Growing usage of styrene acrylics in roof coatings, binders and architectural coatings are some of the key factors propelling the market growth. Moreover, the huge demand for styrene acrylics in emerging economies such as China and India is a further important factor contributing to the growth of this segment. In future, the demand for styrene acrylics is increases due to the growth of the global construction industry.
By Application, Paints & Coatings segment is driven by raise in commercial construction and residential activities worldwide. Synthetic latex polymers are the key elements of any paint formulation; these polymers are produced from monomeric materials namely vinyl acetate and other acrylates. The growing usage of synthetic latex polymers in interior, exterior and architectural coatings is expected to drive the growth of the synthetic latex polymers market.
By Geography, Asia Pacific region was the largest market for synthetic latex polymers. India and China are key markets for synthetic latex polymers in the Asia Pacific region. The rising demand for synthetic latex polymers from different applications such as paints & coatings is expected to impel the growth of the market in this region.
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Some of the key players in Synthetic Latex Polymers market include BASF, Wacker Chemie AG, Arkema Group, OMNOVA Solutions, ARLANXEO, Synthomer plc, Celanese Corporation, Goodyear Chemical, Apcotex Industries Limited, Kumho Petrochemical, Bangkok Synthetics, Lubrizol Corporation, Lion Elastomers, Trinseo and LG Chem Ltd.
• Styrene Butadiene
• Vinyl Acetate Ethylene
• Styrene Acrylic
• Polyvinyl Acetate
• Vinyl Acetate Copolymer
• Other Types
• Adhesives & Sealants
• Paper & Paperboard
• Paints & Coatings
• Glove dipping
• Others Applications
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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