The ‘Global Synthetic Latex Polymers Market Report,’ published by Reports and Data, offers a panoramic vision of the global Synthetic Latex Polymers market. The report presents accurate details on market size and revenue growth rate over the forecast period. It expounds on the current industry scenario and offers a detailed assessment of the latest and emerging market trends. The report contains key industry statistics presented in a tabular format to give readers an exclusive picture of the global Synthetic Latex Polymers market.
The latest industry analysis report offers in-depth information regarding the key segments and sub-segments of the global Synthetic Latex Polymers industry and emphasizes the current pandemic situation that has significantly disrupted the industry’s growth trend. Key dynamics impacting the market growth include drivers, restraints, opportunities, supply demand ratios, emerging market trends, technological innovations, and value chain analysis. The report further highlights some major challenges, imminent risks and threats, and stringent government policies and regulations that are expected to impede market growth during the forecast period. The report is aimed at enabling readers to gain deep insights into the global Synthetic Latex Polymers market and its core mechanism and capitalize on the favorable market growth prospects. It further offers a concise summary of the Synthetic Latex Polymers market’s intensely competitive landscape and lists down the leading players in the market. This section of the report also highlights the strategic initiatives undertaken by these players for long-term business growth. According to the report, the global Synthetic Latex Polymers Market is projected to reach a whopping market size of USD 41.07 Billion by 2026 from USD 28.93 Billion in 2018, registering a robust 4.4% CAGR.
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Synthetic Latex Polymers Industry Overview
The global materials chemicals industry revenue growth can be majorly attributed to increasing demand for essential consumer goods including soaps, detergents, and beauty personal care products worldwide, rising preference for sustainable and eco-friendly raw materials, and growing use of advanced chemicals and raw materials in industries including agriculture, food beverage industries, buildings construction, automotive, packaging, and manufacturing industries. Other major factors driving the growth of this industry are rising pollution levels, increasing environmental awareness, increasing use of technologically advanced chemicals and materials, and rising demand for organic materials.
In the growth and expansion of the market, regional dynamics play an integral role. In the majority of the regions, synthetic latex polymers find optimized application in paints and coatings, which is continuously driving the market. However, Southeast Asia and China are exceptions in this context. As an instance, synthetic latex polymers is extensively applied in the adhesive industry of China. The reason for the extensive use of this type of polymers in China's adhesive industry is that the region is a dominant producer of biaxially-oriented polypropylene tapes. This type of tape requires latex polymers in high volumes. These regions hold significant opportunities for the expansion of the synthetic latex market that is needed to be tapped by its producers.
Top Companies Profiled in the Report:
BASF, Wacker Chemie, Synthomer, Dow, Celanese, Arkema Group, Asahi Kasei, ARLANXEO, Trinseo, and OMNOVA Solutions.
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Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026)
- Styrene-Butadiene
- Styrene Acrylic
- Vinyl Acetate Copolymer
- Acrylic
- Vinyl Acetate Ethylene
- Polyvinyl Acetate
- Others
Raw Materials type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026)
- Butadiene
- Styrene
- Others
Application Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026)
- Coatings Paints
- Nonwovens
- Adhesives Sealants
- Carpets
- Paper Paperboard
- Others
End-user Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026)
- Construction sector
- Automotive industry
- Electronics sector
- Textile industry
- Healthcare sector
- Others
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