Synthetic Latex Polymers Global Market Report 2023

“Synthetic Latex Polymers Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on synthetic latex polymers market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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• Measure the impact of high global inflation on market growth.
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Where is the largest and fastest growing market for synthetic latex polymers? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The synthetic latex polymers market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

• 1) By Type: Styrene Acrylic; Styrene Butadiene; Acrylic; Vinyl Acetate Copolymer; Polyvinyl Acetate; Vinyl Acetate Ethylene; Other Types

• 2) By Application: Paints and Coating; Adhesives and Sealants; Nonwovens; Carpets; Paper and Paperboard; Other Applications

• 3) By End-Use: Construction Sector; Automotive Industry; Electronics Sector; Textile Industry; Healthcare Sector; Other End-User Industries

• Companies Mentioned: Wacker Chemie AG; Synthomer Plc.; BASF SE; Celanese Corporation; The Dow Chemical Company

• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

• Time series: Five years historic and ten years forecast.

• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

• Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Major players in the synthetic latex polymers market are Wacker Chemie AG, Synthomer Plc., BASF SE, Celanese Corporation, The Dow Chemical Company, Arkema S.A., ARLANXEO, Asahi Kasei Corporation, OMNOVA Solutions Inc., Trinseo, Apcotex Industries Limited, Kumho Petrochemical Co. Ltd., LG Chem Ltd., Bangkok Synthetics Co. Ltd., Jubilant Agri & Consumer Products Ltd., Lion Elastomers, Sumitomo Chemical India Ltd., Versalis SPA, and Zeon Corporation.

The global synthetic latex polymers market is expected to grow from $30.73 billion in 2022 to $32.30 billion in 2023 at a compound annual growth rate (CAGR) of 5.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The synthetic latex polymers market is expected to grow to $38.77 billion in 2027 at a CAGR of 4.7%.

The synthetic latex polymers market consists of sales of synthetic rubbers and synthetic latex such as carboxylate styrene-butadiene latex, nitrile latex, and high styrene rubber. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

Synthetic latex polymers refer to a synthetic substitute for natural latex generated by combining the petrochemical chemicals styrene and butadiene to form SBR (styrene-butadiene rubber).

Asia-Pacific was the largest region in the synthetic latex polymers market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the synthetic latex polymers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The main types of synthetic latex polymers are styrene acrylic, styrene-butadiene, acrylic, vinyl acetate copolymer, polyvinyl acetate, vinyl acetate ethylene, and others. Styrene acrylic refers to a styrene-modified acrylate-based copolymer emulsion that can significantly increase alkali resistance and water resistance. The various applications involved are paints and coating, adhesives and sealants, nonwovens, carpets, paper and paperboard, and others that are used in the construction sector, automotive industry, electronics sector, textile industry, healthcare sector, and other end-user industries.

Increasing construction activity is expected to propel the growth of the synthetic latex polymers market going forward. Construction activities refer to activities that are incidental to the construction, dismantling, assembly, alteration, installation, or equipping of buildings, structures, roadways, or their appurtenances. Synthetic latex polymers are used in construction products like paints and coatings, adhesives and sealants, and more to improve the elastomer property, bind, and avoid cracking. For instance, in September 2022, according to the United States Census Bureau, a principal agency of the U.S. Federal Statistical System, in the USA, around 1,610 thousand new residential construction projects were begun in 2021, an increase of 16.7% from the 1,379.61 thousand units started in 2020. Therefore, increasing construction activities are driving the growth of the synthetic latex polymers market.

Technological advancements have emerged as a key trend gaining popularity in the synthetic latex polymers market going forward. Major companies operating in the synthetic latex polymers market are focused on innovating new technologies to sustain their position in the market. For instance, in February 2021, Bridgestone, a Japan-based tire and rubber company, Arlanxeo, a Netherlands-based synthetic rubber producer, and Solvay, a Belgian-based chemical company, launched Techsyn, a brand-new, jointly created platform for tire technology that will allow for unmatched strength and environmental performance from tires. To achieve great performance, Techsyn blends chemically enhanced synthetic rubber with specially formulated silica. In a unique way, Techsyn can balance a tire's performance across rolling resistance, wear, and wet grip. It may also be further customized to fit different needs. Techsyn enables tires to achieve up to 30% greater wear efficiency and a rolling resistance reduction of up to 6%.

In November 2021, Hextar Global Berhad, a Malaysia-based producer and distributor of agrochemicals, acquired TufBond Technologies Sdn Bhd for an amount of $2.76 million. With this acquisition, the company will be able to further diversify its customer base to include the construction, automotive, and textile industries. TufBond Technologies Sdn Bhd is a Malaysia-based manufacturer of synthetic latex polymers.

The countries covered in the synthetic latex polymers market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The synthetic latex polymers market research report is one of a series of new reports from The Business Research Company that provides synthetic latex polymers market statistics, including synthetic latex polymers industry global market size, regional shares, competitors with synthetic latex polymers market share, detailed synthetic latex polymers market segments, market trends, and opportunities, and any further data you may need to thrive in the synthetic latex polymers industry. This synthetic latex polymers market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.