The Synthetic Latex Polymers Global Market Report 2023, provides comprehensive information on the synthetic latex polymers market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Synthetic Latex Polymers Global Market Report 2023, the market is expected to grow from $30.73 billion in 2022 to $32.30 billion in 2023 at a compound annual growth rate (CAGR) of 5.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global synthetic latex polymers market is expected to grow to $38.77 billion in 2027 at a CAGR of 4.7%.
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Technological advancements have emerged as a key trend gaining popularity in the synthetic latex polymers market going forward. Major companies operating in the synthetic latex polymers market are focused on innovating new technologies to sustain their position in the market. For instance, in February 2021, Bridgestone, a Japan-based tire and rubber company, Arlanxeo, a Netherlands-based synthetic rubber producer, and Solvay, a Belgian-based chemical company, launched Techsyn, a brand-new, jointly created platform for tire technology that will allow for unmatched strength and environmental performance from tires. To achieve great performance, Techsyn blends chemically enhanced synthetic rubber with specially formulated silica. In a unique way, Techsyn can balance a tire’s performance across rolling resistance, wear, and wet grip. It may also be further customized to fit different needs. Techsyn enables tires to achieve up to 30% greater wear efficiency and a rolling resistance reduction of up to 6%.
The synthetic latex polymers market 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
Asia-Pacific was the largest region in the synthetic latex polymers market in 2022.
The table of contents in TBRC’s synthetic latex polymers market report includes:
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. Synthetic Latex Polymers Market Size And Growth
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26. Africa Synthetic Latex Polymers Market
27. Synthetic Latex Polymers Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Synthetic Latex Polymers Market
29. Synthetic Latex Polymers Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
- Wacker Chemie AG
- Synthomer Plc
- BASF SE
- Celanese Corporation
- The Dow Chemical Company
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