Synthetic Latex Polymers Market Report

Market Insights

"The global synthetic latex polymers market is projected to grow from USD 28.9 billion in 2021 to USD 39.81 billion by 2028 at a CAGR of over 4.62% during the forecast period."

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Introduction

Synthetic latex polymers are used to make surface coatings, proprietary mortars, and screeds, also used to make floors chemically resistant. They improve the adhesion and flexural strengths of formulated products. The major types of synthetic latex polymers are styrene-acrylic, styrene-butadiene, acrylic, vinyl acetate copolymer, polyvinyl acetate, and vinyl acetate-ethylene, used in a variety of applications such as paints & coatings, adhesives & sealants, nonwovens, carpets, and paper & paperboard.

The growing demand for synthetic latex polymers is mainly due to the increasing usage of paints & coatings all over the world.

Segment Analysis

Polymer Trends

"The styrene acrylic segment accounted for the largest market share."

The market is segmented as styrene acrylic, styrene-butadiene, acrylic, vinyl acetate copolymer, polyvinyl acetate, vinyl acetate ethylene, and others. The styrene acrylic segment held the largest share of the market in 2021 and is expected to remain dominant during the forecast period. The growing usage of styrene acrylics in architectural coatings, roof coatings, and binders is expected to drive the growth of the segment.

Application Trends

"The paints & coatings segment accounted for the largest market share."

The synthetic latex polymers market is segmented as paints & coatings, adhesives & sealants, nonwovens, carpets, paper & paperboard, and others. The paints & coatings segment leads the market owing to an increase in construction activities and the requirement for synthetic latex polymers in the paints & coatings application.

Regional Insights

"Asia-Pacific accounted for the largest market share and was also the fastest-growing region."

Asia-Pacific is estimated to be the largest as well as the fastest-growing synthetic latex polymers market during the forecast period, with China, Japan, and India being the major countries offering considerable growth opportunities. The growth of the market is owing to the rapid urbanization of developing countries, extensive growth of the construction industry in the region, and the presence of a large number of synthetic latex polymer manufacturers in the region.

Key Players

Some of the major synthetic latex polymer manufacturers are-

• Arkema Group
• ARLANXEO
• Asahi Kasei
• BASF
• Celanese
• Dow
• OMNOVA Solutions
• Synthomer
• Trinseo
• Wacker Chemie

Note: The above list does not necessarily include all the top players in the market.

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Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

What Deliverables Will You Get in this Report?

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The market is segmented into the following categories:

By Polymer Type

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

By Application Type

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

By Region

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

Research Methodology

This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s synthetic latex polymers market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Customization Options

Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.