The future of the global styrene butadiene latex market looks promising with opportunities in the building and construction, paper and paperboard, food and beverage, automotive, furniture, and personal care markets. The global styrene butadiene latex market is expected to reach an estimated $8.9 billion by 2030 with a CAGR of 2.8% from 2024 to 2030. The major drivers for this market are rising demand for emulsion polymers, especially in paper and fiber & carpet processing industries, growing demand for paper, and increase in the development in the carpet industry worldwide.
Some of the key questions
answered in this exclusive report are:
Q.1. What are some of
the most promising, high-growth opportunities for the styrene butadiene latex
market by butadiene content (low, medium, and high), emulsion type (cationic
and anionic), application (paper processing, fiber processing, adhesive, civil engineering,
glass fabric processing, packaging, mortar additives, foams, mattresses, and
paint), end use (building and construction, paper and paperboard, food and
beverage, automotive, furniture, personal care, and others), and region (North
America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will
grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and
why?
Q.4. What are the key
factors affecting market dynamics? What are the key challenges and business risks
in this market?
Q.5. What are the
business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market
and the reasons behind them?
Q.7. What are some of
the changing demands of customers in the market?
Q.8. What are the new
developments in the market? Which companies are leading these developments?
Q.9. Who are the major
players in this market? What strategic initiatives are key players pursuing for
business growth?
Q.10. What are some of
the competing products in this market and how big of a threat do they pose for
loss of market share by material or product substitution?
Q.11. What M&A
activity has occurred in the last 5 years and what has its impact been on the
industry?
Market Segmentation:
In this market, paper
processing, fiber processing, adhesive, civil engineering, glass fabric
processing, packaging, mortar additives, foams, mattresses, and paint are the
major segments of styrene butadiene latex market by application. Lucintel
forecasts that paper processing will remain the largest segment because of
paper production, styrene-butadiene latex is frequently used to improve the
binding power of a pigment, making paper smoother, stiffer, brighter, and more
water-resistant.Within this market, paper and paperboard will remain the
largest segment due to styrene-butadiene latex compositions made from styrene
and butadiene monomers are commonly used as a coating in paper goods including
magazines, flyers, and catalogs to create a high gloss, superior printability,
and oil and water resistance.
APAC will remain the
largest region over the forecast period growing demand for paper and rising
carpet industry in the region.
Asahi Kasei, BASF, The
Dow Chemical, General Industrial Polymers, HANSOLCHEMICAL, JSR, Kumho Petrochemical,
LANXESS, Mallard Creek Polymers, and Ecosynthetix are the major suppliers in
the styrene butadiene latex market.
About
Lucintel
Lucintel, the premier global
management consulting and market research firm, creates winning strategies for
growth. It offers market assessments, competitive analysis, opportunity
analysis, growth
consulting, M&A, and due diligence services to executives and
key decision-makers in a variety of industries.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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