Press release
Styrene Butadiene Latex Market Analysis Focusing on Top Key Players – Trinseo, BASF SE, rinseo, Dow Chemical Company, Styron Europe GmbH, Asahi Kasei Chemical Corporation & more
MarketStudyReport.com Adds New Styrene Butadiene Latex Market 2017 – 2024 research report providing information and data By Butadiene Content, By Application, Industry Analysis, Regional Outlook, Application Potential, Trends, Competitive Market Share & Forecast spreading across 110 Pages with table and figures in it.Latin America is likely to witness prominent CAGR during the forecast timespan for styrene butadiene latex market and held a prominent share in 2016. Latin America is a growing market for paper and textile products, increasing per capita income of consumers in Brazil and Mexico, have has led to surged demand for both paper and textile. This positive trend will subsequently drive the product demand in the region over the next few years.
The styrene butadiene latex market is fragmented with many companies holding for the majority of the market share while Trinseo and BASF SE have emerged as market leaders. Key industry players include Trinseo, Dow Chemical Company, Styron Europe GmbH, Asahi Kasei Chemical Corporation. Other prominent styrene butadiene latex manufacturers include LG Chem, Mallard Creek Polymers, Synthomer Plc and Synthetic Latex Company (Pty) Ltd.
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Asia Pacific, led by China, will expand at prominent growth rate over the forecast timeframe. Asia Pacific is a leading carpet and paper producer and an enormous market for the paper based and textile & garments industry. Both, carpet and paper industries in Asia Pacific are growing at prominent rates, which clearly indicates new growth avenues for product demand in the next few years.
Styrene butadiene latex market will be primarily driven by adhesives and paper industry growth over the forecast duration. The global demand for adhesives and sealants in 2014 was 8.1 million tons, which is anticipated to reach at 12 million tons by 2024. Adhesives are widely used in all major end-user industries such as construction, automobile, electricals, etc. High and low butadiene content SB latex is used in adhesives on large scale. Global styrene butadiene latex market is forecast to exceed USD 9 billion by 2024, according to this new research report. Thus, growth in automobile and construction industries, will propel growth in adhesives demand, which will eventually be beneficial for styrene butadiene latex market growth in the coming years.
paper processing segment accounted for a major share of overall styrene butadiene latex market. Asia Pacific and Latin American paper industry is growing tremendously from past few years. In last 20 years, the paper products usage has increased from 92 million tons to 208 million tons. This shall be a growth indicator for styrene butadiene latex market growth in future.
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Paper industry growth will be a prime revenue generating driver for styrene butadiene latex market during the forecast period as SB latex acts as a strong binder in paper processing. Currently, Asia Pacific is the leading region in SB latex market. Mainly led by China, this region accounts for almost 40% of global product consumption as it has huge market for paper and paper board products. Some major players in the styrene butadiene latex market are expanding their production capacity for tapping the potential demand that is likely to rise due to increased demand for coated paper in Asia Pacific market. A major hurdle in styrene butadiene latex market growth is the oscillating feedstock prices, which directly affects the production process of SB latex and hampers its growth.
Table of content:
Chapter 1. Methodology & Scope
Chapter 2. Executive Summary
Chapter 3. Styrene Butadiene Latex Industry Insights
Chapter 4. Styrene Butadiene Latex Market, Butadiene Content By Application
Chapter 5 Styrene Butadiene Latex Market, By Application
Chapter 6. Styrene Butadiene Latex Market, By Region
Chapter 7. Company Profiles
More Details on this Report At:
https://www.marketstudyreport.com/reports/styrene-butadiene-sb-latex-market
Related Report:
2018-2023 Global Styrene Butadiene Rubber (SBR) Consumption Market Report
This report presents a comprehensive overview, market shares, and growth opportunities of Styrene Butadiene Rubber (SBR) market by product type, application, key manufacturers and key regions.
https://www.marketstudyreport.com/reports/2018-2023-global-styrene-butadiene-rubber-sbr-consumption-market-report/?utm_source=RR-PSR
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