Synthetic Latex Polymers Market

Market Insights

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

Want to know more about the market scope, Get a Free Samsple

.

What is Synthetic latex polymers?

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.

Segment Analysis

Wish to Get a Free Sample? Register Here.

By Polymer Type-

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.

By Application Type-

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 increase in the construction activities and requirement for synthetic latex polymers in the paints & coatings application.

By 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 rapid urbanization of developing countries, extensive growth of the construction industry in the region, and presence of a large number of synthetic latex polymer manufacturers in region.

Know which region offers best growth opportunities. Register Here.

Segmentation

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)

Want to know the most attractive market segments? Register Here.

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

Research Methodology

This report offers high-quality insights and is the outcome of 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 book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data.

We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

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.

The following are the key features of the report:

• Overview, industry life cycle analysis, supply chain analysis
• Environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Trend and forecast analysis
• Segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

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.