Dublin, June 05, 2024 (GLOBE NEWSWIRE) -- The "Global Synthetic Latex Polymers Market by Type (Styrene Acrylic, Acrylic, Styrene Butadiene, Vinyl Acetate Ethylene, Polyvinyl Acetate, Vinyl Acetate Copolymer), Application (Paints & Coatings, Adhesives & Sealants, Nonwovens), & Region - Forecast to 2029" report has been added to ResearchAndMarkets.com's offering.
The synthetic latex polymers market is projected to reach USD 53.2 billion by 2029, at a CAGR of 5.5% from USD 40.6 billion in 2024. The demand for synthetic latex polymers arises from their versatile applications and advantageous properties across various industries. These polymers, produced through emulsion polymerization, consist of polymer particles dispersed in water. Additionally, synthetic latex polymers find extensive use in textiles for enhancing fabric strength, flexibility, and resistance to washing.
In the paper industry, they improve coating properties, printability, and surface finish. Moreover, synthetic latex polymers are utilized in carpet backing, nonwoven fabrics, and specialty latex products, further expanding their application scope. As industries continue to seek cost-effective and environmentally friendly solutions, the demand for synthetic latex polymers is expected to grow. Their low volatile organic compound (VOC) emissions and compliance with stringent environmental regulations make them increasingly attractive.
Based on type, vinyl acetate ethylene is expected to be the fastest growing market during the forecast period, in terms of value
Vinyl acetate ethylene (VAE) is the fastest growing segments in the synthetic latex polymers market due to their unique combination of properties and diverse applications. VAE synthetic latex polymers are copolymers of vinyl acetate and ethylene, produced through emulsion polymerization. One of the primary drivers of their rapid growth is their excellent adhesive properties. VAE synthetic latex polymers offer strong adhesion to a variety of substrates, including wood, textiles, paper, and plastics, making them ideal for use in adhesives and sealants. Their ability to provide reliable bonding, coupled with their flexibility and durability, makes them highly sought after in industries such as construction, automotive, packaging, and woodworking.
Based on application, paints & coatings is the fastest growing market during the forecast period, in terms of value
The paints & coatings sector is the fastest growing application in the synthetic latex polymers market due to expanding construction activities, growing demand for eco-friendly products, technological advancements, and increasing investment in R&D. As consumer preferences evolve and regulatory requirements become more stringent, synthetic latex polymers are expected to play a crucial role in driving innovation and sustainability in the paints and coatings industry. Ongoing advancements in polymer technology have led to the development of specialized synthetic latex polymers tailored for specific paint & coating applications. These innovations have resulted in improved performance characteristics such as enhanced durability, weather resistance, and color retention, further driving market growth.
Based on region, Asia Pacific is the fastest growing market for synthetic latex polymers in 2023, in terms of value
Asia Pacific is undergoing rapid industrialization and urbanization development initiatives across countries such as China, India, and Southeast Asian nations create substantial demand for construction materials, including paints, adhesives, coatings, and sealants. Additionally, the growing emphasis on sustainability and environmental consciousness in the Asia-Pacific region drives the demand for eco-friendly materials such as water-based synthetic latex polymers. With tightening regulations and evolving consumer preferences favoring greener options, the demand for environmentally sustainable synthetic latex polymers is expected to surge, further boosting market growth.
The report provides insights on the following:
- Analysis of key drivers (Increasing demand in the paints and coatings industry, rapid urbazination and infrastructure projects in emergies economies, stringent environmental regulations regarding VOC emissions, rising demand for biobased, ecofriendly, and biodegradable synthetic latex polymers), restraints (Volatility in raw material prices, Competition from natural latex and bio-based alternatives), opportunities (Growing demand in the electronics industry, increasing focus on green building and sustainable practices) and challenges (Fluctuating crude oil prices).
- Market Penetration: Comprehensive information on the synthetic latex polymers market offered by top players in the global synthetic latex polymers market.
- Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the synthetic latex polymers market.
- Market Development: Comprehensive information about lucrative emerging markets - the report analyzes the markets for synthetic latex polymers market across regions.
- Market Diversification: Exhaustive information about new products, untapped regions, and recent developments in the global synthetic latex polymers market
- Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the synthetic latex polymers market
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 200 |
| Forecast Period | 2024 - 2029 |
| Estimated Market Value (USD) in 2024 | $40.6 Billion |
| Forecasted Market Value (USD) by 2029 | $53.2 Billion |
| Compound Annual Growth Rate | 5.5% |
| Regions Covered | Global |
Key Topics Covered:
Executive Summary
- Styrene Acrylic Segment to Account for Largest Share of Synthetic Latex Polymers Market
- Adhesives & Sealants to be Largest Application Segment in Synthetic Latex Polymers Market
- Asia-Pacific to be Fastest-Growing Market During Forecast Period
Premium Insights
- Attractive Opportunities for Players in Synthetic Latex Polymers Market - Asia-Pacific Market to Witness High Growth During Forecast Period
- Synthetic Latex Polymers Market, by Type - Styrene Acrylic Type Segment to Lead Synthetic Latex Polymers Market During Forecast Period
- Synthetic Latex Polymers Market, by Application - Paints & Coatings to be Largest Application During Forecast Period
- Synthetic Latex Polymers Market, by Country - Market in India to Grow at Highest CAGR During Forecast Period
Market Dynamics
Drivers
- Increasing Demand from Paints & Coatings Industry
- Rapid Urbanization and Infrastructure Projects in Emerging Economies
- Stringent Environmental Regulations Regarding VOC Emissions
- Rising Demand for Bio-based, Eco-Friendly, and Biodegradable Synthetic Latex Polymers
Restraints
- Volatility in Raw Material Prices
- Competition from Natural Latex and Bio-based Alternatives
Opportunities
- Growing Demand from Electronics Industry
- Increasing Focus on Green Building and Sustainable Practices
Challenges
- Fluctuating Crude Oil Prices
Industry Trends
Supply Chain Analysis
- Raw Material Sourcing
- Manufacturing
- Distribution
- End-users
Trade Analysis
- Import Scenario
- Export Scenario
Pricing Analysis
- Average Selling Price Trend, by Region
- Average Selling Price, by Type
- Average Selling Price Trend of Key Players, by Application
Technology Analysis
- Synthetic Polymer Nanocomposite Latex
- Carboxylated Styrene Butadiene Rubber Latex
Companies Featured
- Arkema
- Wacker Chemie
- Synthomer PLC
- LG Chem
- Celanese
- Trinseo
- Dow
- BASF SE
- Apcotex
- Arlanxeo
- H.B. Fuller
- Asahi Kasei Corporation
- The Lubrizol Corporation
- Zeon Corporation
- Jubilant
- Bst.Co.Th
- The Goodyear Tire & Rubber Company
- The Synthetic Latex Company (Pty) Ltd
- Sumitomo Chemical Co. Ltd.
- Versalis S.P.A.
- Shanxi Sanwei Group Co, Ltd.
- Vinavil Americas Corp.
- Eoc Group
- Hextar Global Berhad
- Tufbond Technologies Sdn Bhd
- Nantex Industry Co. Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/fr36o3
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