Synthetic Latex Polymers Market Forecast 2024-2033: Projected CAGR, Key Drivers, And Trends

Overview and Scope

Synthetic latex polymers refer to a synthetic substitute for natural latex generated by combining the petrochemical chemicals styrene and butadiene to form SBR (styrene-butadiene rubber).

Sizing and Forecast
The synthetic latex polymers market size has grown strongly in recent years. It will grow from $32.07  billion in 2023 to $33.76  billion in 2024 at a compound annual growth rate (CAGR) of 5.3%.  The  growth in the historic period can be attributed to industrialization and economic growth, expansion of construction and infrastructure activities, growing awareness of environmental impact, rising demand in the automotive sector, increasing use in healthcare and medical devices..

The synthetic latex polymers market size is expected to see strong growth in the next few years. It will grow to $41.62  billion in 2028 at a compound annual growth rate (CAGR) of 5.4%.  The growth in the forecast period can be attributed to growing emphasis on bio-based polymers, expanding applications in water-based formulations, increased demand for customized formulations, rising importance of lightweight materials, global focus on green and sustainable practices, technological integration for enhanced product properties.. Major trends in the forecast period include technological advancements in polymerization processes, increasing use in non-woven fabrics, growing demand in the asia-pacific region, stringent environmental regulations, resilience amid economic challenges..

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Segmentation & Regional Insights
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

Asia-Pacific was the largest region in the synthetic latex polymers market share in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the synthetic latex polymers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth
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.

Key Industry Players
Major companies operating in the synthetic latex polymers market report are Wacker Chemie AG, Apcotex Industries Limited, Arkema S.A., Arlanxeo Holding BV, Asahi Kasei Corporation, Bangkok Synthetics Co. Ltd., BASF SE, Celanese Corporation, Jubilant Agri & Consumer Products Ltd., Kumho Petrochemical Co. Ltd., LG Chem Ltd., Lion Elastomers LLC, OMNOVA Solutions Inc., Sumitomo Chemical India Ltd., Synthomer plc, Dow Chemical Company, Trinseo S.A., Versalis SPA, Zeon Corporation, SIBUR International GmbH, The Lubrizol Corporation, The Goodyear Tire & Rubber Company, Eastman Chemical Company, Kuraray Co. Ltd., Synthomer Deutschland GmbH, Asahi Glass Co. Ltd., Nitriflex S/A Indústria e Comércio, Ansell Limited, Momentive Performance Materials Inc., Kraton Corporation

The synthetic latex polymers market report table of contents 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. 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

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