The global synthetic latex polymer market is projected to reach $43.8 billion by 2028, at a CAGR of 4.6% during 2023-2028. The growth of synthetic latex polymer market is driven by increasing use of these ploymers to change the molecular weight to affect mechanical properties, growing number of affordable synthetic latex production, and rising number of consumers preferring for environment friendly and sustainable products.
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 synthetic latex polymer
market by product type (styrene acrylics, acrylics, styrene butadiene, vinyl
acetate ethylene, polyvinyl acetate, and vinyl acetate copolymer), application
(paints & coatings, adhesives & sealants, paper & paperboard,
carpets, and nonwovens), 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 What are the
business risks and threats to the synthetic latex polymer market?
Q.4 What are some
changing demands of customers in the synthetic latex polymer market?
Q.5 What are the new
developments in the synthetic latex polymer market? Which companies are leading
these developments?
Q.6 What strategic
initiatives are being implemented by key players for business growth?
Q.7 What are some of the
competitive products and processes in this synthetic latex polymer area and how
big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A
activity has occurred in the last 5 years in this synthetic latex polymer
market?
Market Segmentation:
Based on product type,
the synthetic latex polymer market is segmented into styrene acrylics,
acrylics, styrene butadiene, vinyl acetate ethylene, polyvinyl acetate, and
vinyl acetate copolymer. The styrene acrylics segment accounted for the largest
share of the market in 2023 and is expected to register the highest CAGR during
the forecast period, due to substantial use of this polymer in architectural
coatings, roof coatings, and binders.
APAC will remain the
largest region due to the presence of key manufacturers, continuous
urbanization in developing countries, and significant construction activities
in the region.
Key Players in the
synthetic latex polymer market are Arkema Group, ARLANXEO, Asahi Kasei, BASF,
and Celanese.
The report helps stakeholders understand the
pulse of the market and provides them with information on key drivers,
restraints, challenges, and opportunities for market growth. It would also help
to understand the competitors better and gain more insights to improve their
position in the business.
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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