Synthetic Latex Polymers Market 2021-2026: Size, Share, Trends, Outlook and Forecast

Synthetic Latex Polymers Market 2021-2026: Size, Share, Trends, Outlook and Forecast

According to the latest report by IMARC Group, titled “Synthetic Latex Polymers Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global synthetic latex polymers market reached a value of US$ 31 Billion in 2020. Looking forward, IMARC Group expects the global synthetic latex polymers market to grow at a CAGR of 4.4% during 2021-2026. Synthetic latex polymers refer to the aqueous dispersions of polymers that are obtained by emulsion polymerization. They are produced from petroleum compounds styrene and butadiene that create styrene-butadiene rubber (SBR). These artificially synthesized polymers are available in the market at significantly lower prices, largely depending on the monomer utilized in their production. They are characterized by excellent strength, flexibility and water-resistance. They also exhibit the ability to modify material properties for specific applications. Consequently, they are added to other compounds to alter their molecular weight and mechanical properties.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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Global Synthetic Latex Polymers Market Trends: 

The market is primarily driven by the significant growth in the construction sector across the globe. Synthetic latex polymers are extensively utilized as bonding and waterproofing agents with cement due to their exceptional chemical resistance, water impermeability, and adhesion to substrates. The growing application of premium paints in the residential and commercial sectors is acting as another major growth-inducing factor as these polymers are widely used in the formulation of paints and coatings. The market is further driven the shifting preference toward renovating living spaces and the rising utilization of paints and coatings in the automotive sector. Moreover, the growing demand for water-based coating emulsions to prevent the corrosion of metallic substrates is creating a positive outlook for the market. Some of the other factors contributing to the market growth include the increasing demand for catheters and latex-based surgical gloves in the healthcare industry and the advent of bio-adhesives that are compatible with latex.

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Key Market Segmentation:              

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being Alberdingk Boley, Apcotex Industries Ltd., Arkema S.A., Arlanxeo, Asahi Kasei, BASF, 3M, Celanese, Dow Chemical Company, LG Chem, Lubrizol (Berkshire Hathaway), Omnova Solutions Inc. (Synthomer Plc), Trinseo, Wacker Chemie AG, etc.

Breakup by Type:

  • Styrene Acrylic
  • Styrene Butadiene
  • Acrylic
  • Vinyl Acetate Copolymer
  • Polyvinyl Acetate
  • Vinyl Acetate Ethylene
  • Others

Breakup by Application:

  • Paints and Coatings
  • Adhesives and Sealants
  • Nonwovens
  • Carpets
  • Paper and Paperboard
  • Others

Breakup by End-Use Industry:

  • Construction Sector
  • Automotive Industry
  • Electronics Sector
  • Textile Industry
  • Healthcare Sector
  • Others

Breakup by Region:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • Middle East and Africa

Key highlights of the Report:

  • Market Performance
  • Market Outlook
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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