Global Synthetic Latex Polymer Market To Exceed USD 70.9 Billion By 2035 | CAGR of 5.41%
Category: Chemicals & MaterialsGlobal Synthetic Latex Polymer Market To Exceed USD 70.9 Billion By 2035
According to a Research Report Published by Spherical Insights & Consulting, the Global Synthetic Latex Polymer Market Size is Expected to Grow from USD 39.7 Billion in 2024 to USD 70.9 Billion by 2035, at a CAGR of 5.41% during the forecast period 2025-2035.
Get more details on this report -
Browse key industry insights spread across 265 pages with 105 Market data tables and figures & charts from the report on the "Global Synthetic Latex Polymer Market Size, Share, and COVID-19 Impact Analysis, By Type (Styrene-Butadiene Rubber (SBR), Styrene-Acrylic (SA), Polyvinyl Acetate (PVAc), Acrylic, and Others), By Application (Paints & Coatings, Adhesives & Sealants, and Nonwovens), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2025 – 2035." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/synthetic-latex-polymer-market
The Synthetic Latex Polymer Market Size refers to the market segment within the broader chemical and materials industry that involves the production, distribution, and use of synthetic polymers, specifically those that are emulsified in water and used for diverse applications. Synthetic latex polymers are water-based aqueous dispersions of polymer typically derived from petroleum, and have widespread application in adhesives, coatings, paints, paper, textiles, and more. An increasing demand for synthetic latex polymer in the electronics industry is providing a market growth opportunity owing to its versatile applications across electronic components, manufacturing processes, and device protection. An environmental advantage of synthetic latex polymer, including the reduced need for harmful solvents and minimum VOC emissions, is propelling the market growth. On the contrary, the fluctuation in raw material prices disrupting the cost structures of synthetic latex polymer manufacturers ultimately results in restraining the market.
The styrene-butadiene rubber (SBR) segment dominated the market with a major market share in 2024 and is projected to grow at a substantial CAGR during the forecast period.
Based on the type, the synthetic latex polymer market is divided into styrene-butadiene rubber (SBR), styrene-acrylic (SA), polyvinyl acetate (PVAc), acrylic, and others. Among these, the styrene-butadiene rubber (SBR) segment dominated the market with a major market share in 2024 and is projected to grow at a substantial CAGR during the forecast period. The extensive use of styrene-butadiene rubber (SBR) in tires, as well as in the manufacturing of other products such as conveyor belts, hoses, footwear, and adhesives, is driving the market.
The paints & coatings segment accounted for the largest share in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period.
Based on the application, the synthetic latex polymer market is divided into paints & coatings, adhesives & sealants, and nonwoven. Among these, the paints & coatings segment accounted for the largest share in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period. There is an increasing use of synthetic latex polymer across the paints and coating industry as a binder for holding pigments together and adhering them to surfaces.
North America is expected to hold the majority share of the global synthetic latex polymer market during the forecast period.
Get more details on this report -
North America is expected to hold the majority share of the global synthetic latex polymer market during the forecast period. Growing consumer preference for durable and environmentally friendly products and the need for high-performance polymers for industrial activities are driving the market for synthetic latex polymer. Further, the region’s robust manufacturing sector, including construction, automotive, and consumer goods sectors, is propelling the regional market growth.
Asia Pacific is anticipated to grow at the fastest pace in the global synthetic latex polymer market during the forecast period. The region’s burgeoning construction and automotive industry, with the growing demand for water-based coatings, is responsible for propelling the market. An increasing demand for synthetic latex polymers across various industries from emerging economies like China and India is driving the market demand.
Europe is anticipated to hold a significant share of the synthetic latex polymer market during the projected timeframe. The demand for high-performance synthetic latex polymers and construction activities is propelling the market demand. The company’s growing investment in expanding production capacity significantly contributes to market growth.
Major vendors in the global synthetic latex polymer market are LyondellBasell Industries NV, Cabot Corporation, Sanyo Chemical Industries, Ltd., Kolon Industries, Inc., Asahi Kasei Corporation, Arkema, DIC Corporation, BASF SE, Zeon Corporation, LG Chem, Dow Inc, Eastman Chemical Company, Evonik Industries AG, Synthomer, and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Key Market Development
- In April 2024, Celanese Corporation, a global specialty materials and chemical company announced several strategic milestones at its Clear Lake, Texas and Nanjing, China, Plants to enhance the competitive cost position, sustainable footprint and operational flexibility of the Acetyl Chain (AC) business and allow it to meet future demand growth.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the synthetic latex polymer market based on the below-mentioned segments:
Global Synthetic Latex Polymer Market, By Type
- Styrene-Butadiene Rubber (SBR)
- Styrene-Acrylic (SA)
- Polyvinyl Acetate (PVAc)
- Acrylic
- Others
Global Synthetic Latex Polymer Market, By Application
- Paints & Coatings
- Adhesives & Sealants
- Nonwovens
Global Synthetic Latex Polymer Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
CONTACT US:
For More Information on Your Target Market, Please Contact Us Below:
Phone: +1 303 800 4326 (the U.S.)
Phone: +91 90289 24100 (APAC)
Email: inquiry@sphericalinsights.com, sales@sphericalinsights.com
Contact Us: https://www.sphericalinsights.com/contact-us
Need help to buy this report?