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Synthetic Latex Polymers Market comprehensive study 2018: The Goodyear Tire & Rubber Company, LG Chem, Lion Elastomers, LLC, Wacker Chemie, Synthomer, BASF, Celanese, The Dow Chemical Company, Arkema, ARLANXEO, Asahi Kasei, OMNOVA Solutions, Trinseo
Global Synthetic Latex Polymers Market
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Global Synthetic Latex Polymers Market is expected to reach USD 35.12 billion by 2025, from USD 26.53 billion in 2017 growing at a CAGR of 4.5% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2015 & 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
Synthetic latex polymers are available in different types, including styrene acrylic, styrene butadiene, acrylic, vinyl acetate copolymer, polyvinyl acetate, vinyl acetate ethylene and others. Synthetic latex polymers are used in various application including paints & coatings, adhesives & sealants, nonwovens, carpets and paper & paperboard. According to American Coating Association, U.S. exported USD 2.3 billion of paint and coatings products in 2014, the highest level in a decade. Furthermore, the third largest export market for U.S. paint and coatings products was China at USD 90 million in 2014 and Japan and U. K. rounded out the top five leading export markets for U.S. paint and coatings products in 2014, at USD 41 million and USD 39 million, respectively. This factor proves that the market of paints and coating around the globe is developing and will drive the demand for synthetic latex polymers.
Competitors/Players: Global Synthetic Latex Polymers Market
• Wacker Chemie,
• Synthomer,
• BASF,
• Celanese,
• Dow,
• Arkema Group,
• ARLANXEO,
• Asahi Kasei,
• OMNOVA Solutions,
• Trinseo,
• Apcotex,
• Bangkok Synthetics,
• Goodyear Chemical,
• Jubilant Agri & Consumer Products,
• Kumho Petrochemical,
• LG Chem,
• Lion Elastomers,
• among others.
Competitive Analysis: Global Synthetic Latex Polymers Market
The global synthetic latex polymers market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of synthetic latex polymers market for global, Europe, North America, Asia Pacific and South America.
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Major Market Drivers and Restraint:
• High demand for synthetic latex polymers for paints and coatings
• Replacement of solvent-based adhesives
• Increasing construction and electronics sector in developing countries
• Diminishing demand for carpets and paper & paper products
• Fluctuation in crude oil prices
Market Segmentation: Global Synthetic Latex Polymers Market
The global synthetic latex polymers market is segmented based on
• type,
• application
• geographical segments.
Based on type, the global synthetic latex polymers market is segmented into
• styrene acrylic,
• styrene butadiene,
• acrylic,
• vinyl acetate copolymer,
• polyvinyl acetate
• vinyl acetate ethylene
• and others.
On the basis of application, the global synthetic latex polymers market is classified into
• paints & coatings
• adhesives & sealants,
• nonwovens,
• carpets,
• paper & paperboard
• and others.
Based on geography, the global synthetic latex polymers market report covers data points for 28 countries across multiple geographies namely
• North America & South America,
• Europe,
• Asia-Pacific
• Middle East & Africa.
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