The Synthetic Latex Polymers Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2024-2033).
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As per The Business Research Company’s insightful Synthetic Latex Polymers Global Market Report for 2024, the market has witnessed robust growth, surging from $32.07 billion in 2024 to an estimated $33.76 billion at a noteworthy Compound Annual Growth Rate (CAGR) of 5.3%. This expansion during the historical period owes itself to factors such as industrialization, economic growth, a surge in construction and infrastructure projects, heightened environmental consciousness, and amplified demand within the automotive, healthcare, and medical sectors.
Projections indicate a continued upward trajectory for the synthetic latex polymers market, foreseeing an impressive surge to $41.62 billion by 2028, boasting a CAGR of 5.4%. The forecasted growth attributes its momentum to an increased focus on bio-based polymers, wider applications in water-based formulations, a heightened demand for tailored formulations, the ascendancy of lightweight materials, and a global commitment to environmentally sustainable practices. The forthcoming period is also poised to witness impactful trends, including advancements in polymerization processes, heightened utilization in non-woven fabrics, burgeoning demand in the Asia-Pacific region, stringent adherence to environmental regulations, and unwavering resilience amid economic challenges.
Increasing construction activity is expected to propel the growth of the synthetic latex polymers market going forward. Construction activities refer to activities that are incidental to the construction, dismantling, assembly, alteration, installation, or equipping of buildings, structures, roadways, or their appurtenances. Synthetic latex polymers are used in construction products like paints and coatings, adhesives and sealants, and more to improve the elastomer property, bind, and avoid cracking. For instance, in September 2022, according to the United States Census Bureau, a principal agency of the U.S. Federal Statistical System, in the USA, around 1,610 thousand new residential construction projects were begun in 2021, an increase of 16.7% from the 1,379.61 thousand units started in 2020. Therefore, increasing construction activities are driving the growth of the synthetic latex polymers market.
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The synthetic latex polymers market covered in this report is segmented –
1) By Type: Styrene Acrylic, Styrene Butadiene, Acrylic, Vinyl Acetate Copolymer, Polyvinyl Acetate, Vinyl Acetate Ethylene, Other Types
2) By Application: Paints and Coating, Adhesives and Sealants, Nonwovens, Carpets, Paper and Paperboard, Other Applications
3) By End-Use: Construction Sector, Automotive Industry, Electronics Sector, Textile Industry, Healthcare Sector, Other End-User Industries
Top 5 Major Players:
A pivotal trend shaping the trajectory of the synthetic latex polymers market is the emergence of technological advancements. Leading industry players are actively engaged in pioneering innovative technologies to fortify their market stance. A noteworthy example is the collaboration between Bridgestone, Arlanxeo, and Solvay, resulting in the launch of Techsyn in February 2021. This groundbreaking platform seamlessly integrates chemically enhanced synthetic rubber with specially formulated silica, offering unparalleled strength and environmental performance in tires. Techsyn, a testament to cutting-edge technology, empowers tires to achieve up to 30% greater wear efficiency and a remarkable reduction of up to 6% in rolling resistance, all while offering customization options to cater to diverse needs. This innovative stride underscores the industry’s commitment to advancing product properties and sustainability, setting a benchmark for excellence in the synthetic latex polymers domain.
1. Executive Summary
2. Synthetic Latex Polymers Market Characteristics
3. Synthetic Latex Polymers Market Trends And Strategies
4. Synthetic Latex Polymers Market – Macro Economic Scenario
5. Global Synthetic Latex Polymers Market Size and Growth
….
31. Global Synthetic Latex Polymers Market Competitive Benchmarking
32. Global Synthetic Latex Polymers Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Synthetic Latex Polymers Market
34. Synthetic Latex Polymers Market Future Outlook and Potential Analysis
35. Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Synthetic Latex Polymers Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Synthetic Latex Polymers Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Synthetic Latex Polymers Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
…
Table 74: Wacker Chemie AG Financial Performance
Table 75: Apcotex Industries Limited Financial Performance
Table 76: Arkema S.A. Financial Performance
Table 77: Arlanxeo Holding BV Financial Performance
Table 78: Asahi Kasei Corporation Financial Performance
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