Styrene Butadiene Latex Market To Reach USD 9.69 Billion By 2027
Market Summary Growing demand from the automotive and construction industry is one of the significant factors influencing the market growth. Market Size – USD 7.70 billion in 2019, Market Growth - CAGR of 3.0%, Market Trends – Increasing demand for carpets and adhesives The global styrene butadiene latex market is expected to reach USD 9.69 Billion by 2027, according to a new report by Reports and Data. The growth of the market is attributed to the growing demand for emulsion polymers, especially in paper and fiber & carpet processing industries, as these are generally less expensive and better resistant to abrasions than natural rubber. The use of styrene butadiene latex in paints & coatings resulted in the first effective water-based paints & coatings produced in a market dominated by solvent-based and oil-based products. However, the availability of substitutes, such as bio-based latex, may hamper the growth of the market in the upcoming years. Further key findings from the report suggest : • Cationic emulsion polymers impart industrial coatings products scrub resistance, block resistance, alkali resistance, scuff resistance, enhanced flow, and leveling, among others. • The market in the Asia Pacific region dominated the market in 2019 and is likely to grow at a rate of 3.5% in the forecast period. The market dominance of the APAC region is owing to the growing demand for paper in the countries in the region, as well as increasing constant technological advancements in the carpet industry. www.reportsanddata.com
Key Players: BASF SE, Asahi Kasei Corporation, LG Chem, DowDuPont, Trinseo, Synthomer PLC, Omnova Solutions PLC, Zeon Corporation, Lanxess, and NANTEX Industry Co. Ltd., among others. Segmentation: • Emulsion Type Outlook (Volume, Kilo Tons; 2017-2027 and Revenue, USD Million; 2017-2027) Cationic Anionic • Distribution Channel Outlook (Volume, Kilo Tons; 2017-2027 and Revenue, USD Million; 2017-2027) Online Offline • Application Channel Outlook (Volume, Kilo Tons; 2017-2027 and Revenue, USD Million; 20172027) Paper Processing Fiber & Carpet Processing Glass Fiber Processing Adhesives Others www.reportsanddata.com
Regional Styrene Butadiene Latex Market (Regional Output, Demand & Forecast by Countries):• North America (United States, Canada, Mexico) • South America (Brazil, Argentina, Ecuador, Chile) • Asia Pacific (China, Japan, India, Korea) • Europe (Germany, UK, France, Italy) • Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) and More.
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Major highlights of the report: • An all-inclusive evaluation of the parent market • The evolution of significant market aspects • Industry-wide investigation of market segments • Assessment of the market value and volume in the past, present and forecast years • Market share evaluation • Study of niche industrial sectors • Tactical approaches of the market leaders • Lucrative strategies to help companies strengthen their position in the market
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