This report covers the present scenario and growth prospects of the global synthetic latex polymers market with segmentation based on product (acrylic, SB latex, PVA, Vinyl copolymers, PU, and others), application (paints and coatings, adhesives and sealants, paper, construction, glove dipping, carpets and nonwovens, and textiles and others), and by geography (APAC, North America, Europe, South America, and MEA). It includes an insightful analysis of the leading vendors in this market such as BASF, Celanese, Dow Chemical, Styrolution, and Synthomer.
Technavio has released its new market research report, global synthetic latex polymer market, which is expected to grow at a CAGR of 3% between 2015 and 2019. The increased demand for paints, coatings, and adhesives and sealants due to the global recovery of the housing market is driving the demand for synthetic latex polymers. APAC leads the global synthetic latex polymer market, occupying around 39% of the overall market share. The increased economic and industrial development in this region, especially in China and India is driving the market growth.
“Currently, the market is witnessing rise in demand for vinyl-based synthetic latex polymers, both EVA copolymers and PVA. These polymers find extensive usage in various commercial and industrial applications, including adhesives, bookbinding, and handicrafts. The housing market in countries such as China, Russia, Turkey, Luxemburg, Singapore, Columbia, and India are witnessing substantial growth thereby driving the demand for latex polymer based paints and coatings,” says Debasish Nayak, Lead Analyst, Chemicals & Materials, Technavio Research.
Synthetic latex polymer based paints are being increasingly adopted in the APAC region due to the increased awareness about the harmful effects of VOCs released by solvent-based paints. Moreover, the rising demand for synthetic latex polymers for manufacturing latex gloves and bio-adhesives for the growing healthcare industry in Brazil and Argentina is also expected to fuel the market growth during the forecast period.
The key vendors in the global synthetic latex polymer market include BASF, Celanese, Dow Chemical, Styrolution, and Synthomer. The market is highly fragmented with the presence of many regional and global players. The market is witnessing numerous mergers with the regional players and the customization of existing products to cater to the changing consumer requirements in APAC and EMEA regions.
A more detailed analysis is available in the Technavio report, Global Synthetic Latex Polymer Market 2015-2019.
We can customize this reports by other regions and specific segments upon request.
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