Synthetic Latex Polymer Market to Garner USD 48.82 billion, Globally, by 2029 at 6.5% CAGR | Wacker Chemie AG, Synthomer plc, BASF SE, Celanese Corporation, Dow, Arkema
The careful efforts of professional forecasters, skilled analysts, and intelligent researchers have resulted in the creation of the Synthetic Latex Polymer Market research study. Companies can better understand the different types of consumers, consumer demands and preferences, perspectives on the product, purchasing intentions, reactions to individual products that are already on the market. Thanks to the detailed and current information provided in this report. By dealing with a wide range of market analyses, product definition, market segmentation, important developments, and the current vendor landscape through 2029, the Synthetic Latex Polymer Market Report offers a complete overview of the market.
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Market Overview (2023-2029):
Historical Market Size (2022): USD 27.70 billion in 2022
Forecast CAGR (2023-2029): 6.5%
Forecast Market Size (2029): USD 48.82 billion by 2029
Also, the vendor landscape and competitive scenarios of the Synthetic Latex Polymer market are broadly analysed to help market players gain competitive advantage over their competitors. Readers are provided with detailed analysis of important competitive trends of the Synthetic Latex Polymer market. Market players can use the analysis to prepare themselves for any future challenges well in advance. They will also be able to identify opportunities to attain a position of strength in the Synthetic Latex Polymer market. Furthermore, the analysis will help them to effectively channelize their strategies, strengths, and resources to gain maximum advantage in the market.
Industry News
- Hextar Global Bhd, headquartered in Malaysia acquired TufBond Technologies Sdn Bhd, a manufacturer of synthetic latex polymers. The acquisition enables Hextar to expand its synthetic latex polymers industry.
Market Dynamics
Synthetic Latex Polymers Market Drivers
- Styrene Butadiene’s Rapid Acceptance in the Paper and Paperboard Sector
In order to obtain a high gloss, superior printability, and oil and water resistance, styrene-butadiene latex compositions are widely employed as a coating in paper goods such as magazines, flyers, and catalogues. The rise of the paper and paperboard industries is being accelerated by causes including the expansion of the paper packaging sector, soaring demand from the printing and stationery sectors, and other considerations. For instance, the Confederation of European Paper Industries (CEPI) estimates that Germany produced 21.39 million tonnes of paper and paperboard in 2022, accounting for 25% of all paper and paperboard produced in Europe.
Synthetic Latex Polymers Market Challenge
- Price fluctuations for raw materials
Styrene and butadiene produced from crude oil are converted into synthetic latex polymers utilising chemical catalysts generated from emulsion polymers. Crude oil prices have been severely influenced by the continuing Russia-Ukraine conflict. The price of raw materials is impacted by the rise in crude oil. Manufacturers of synthetic latex polymer are raising their pricing as a result. For instance, the Tokyo-based Zeon Corp. announced price hikes for its synthetic latex and synthetic rubber goods in June 2022. So, the industry’s ability to expand is being constrained by changes in the price of raw materials.
Competitive Assessment:
The main research methodology applied here by the research team is data triangulation, which includes data mining, analysis of the impact of data variables on the market, and primary (industry experts) validation. This report helps to gather information about all the above factors by providing actionable market insights and comprehensive analysis. The Synthetic Latex Polymer market report mainly focuses on important aspects of the market which include historical data, current market trends, environment, technological innovations, upcoming technologies, and technological advancement in the industry among others.
Leading market players in the Synthetic Latex Polymer market is focusing on strategies such as expansion, new product launches, and acquisitions to gain large market share and enhance their global presence in the target market. Some Key Competitors of the Synthetic Latex Polymer market is Wacker Chemie AG, Synthomer plc, BASF SE, Celanese Corporation, Dow, Arkema, ARLANXEO, Asahi Kasei Corporation, OMNOVA Solutions Inc., Trinseo, Apcotex Industries Limited and others.
Synthetic Latex Polymer Market Segmentation:
Synthetic Latex Polymers Market by Type, 2023-2029, (USD Billion), (Kilotons)
- Styrene Acrylic
- Acrylic
- SB Latex
- VAE
- PVAC
- Vinyl Acetate Copolymer
Synthetic Latex Polymers Market by Application, 2023-2029, (USD Billion), (Kilotons)
- Paint & Coatings
- Adhesives & Sealants
- Paper & Paper Board
- Carpets
- Nonwovens
Regions included in the report Synthetic Latex Polymer Market:
- North America (U.S., Canada, Mexico)
- Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
- South America (Colombia, Brazil, Argentina, Rest of South America)
- Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
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Highlight the Following Key Factors:
- Business description: a detailed description of company operations and business departments.
- Company strategy: The analyst’s summary of the company’s business strategy.
- SWOT analysis: Detailed analysis of the company’s strengths, weaknesses, opportunities, and threats.
- Company History: The progress of major events related to the company.
- Main products and services: A list of the company’s main products, services, and brands.
- Main competitors: A list of the company’s main competitors.
- Important locations and subsidiaries: The company’s main locations and subsidiaries’ list and contact information.
- Detailed financial ratios of the past five years: The latest financial ratios come from the annual financial statements issued by companies with a history of five years.
What this report provides?
▶ GTM (Go-to-Market) strategy
▶ Analysis of Market Size (historical and forecast), Total Addressable Market (TAM), Serviceable Available Market (SAM), Serviceable Obtainable Market (SOM), Market Growth, Technological Trends, Market Share, Market Dynamics, Competitive Landscape and Major Players (Innovators, Start-ups, Laggard, and Pioneer)
▶ Development trends, competitive landscape analysis, supply side analysis, demand side analysis, year-on-year growth, competitive benchmarking, vendor identification, QMI quadrant, and other significant analysis, as well as development status
▶ Recent market developments and it’s futuristic growth opportunities
▶ Customized regional/country reports as per request
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Key Points from TOC:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Synthetic Latex Polymer Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Global Statistics — Key Countries
- New Product Launches
- Pipeline Analysis
- Regulatory Scenario — Key Countries
- Recent Industry Developments — Partnerships, Mergers and Acquisitions
- Global Market Analysis, Insights and Forecast
- Key Findings/ Summary
- Synthetic Latex Polymer Market Analysis — By Product Type
- Market Analysis — By Distribution Channel
- Market Analysis — By Countries/Sub-regions
- Competitive Analysis
- Key Industry Developments
- Global Synthetic Latex Polymer Market Share Analysis
- Competition Dashboard
- Comparative Analysis — Major Players
- Company Profiles
- Overview
- Products and Services
- SWOT Analysis
- Recent developments
- Major Investments
- Regional Market Size and Demand
- Strategic Recommendations
TOC Continued……………….
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