Styrene Butadiene Latex Market incredible future growth | 2018 Key Players are BASF, The Dow Chemical Company, LG Chem, Synthomer, OMNOVA Solutions, Trinseo, Zeon Chemicals

Styrene Butadiene Latex Market size is forecast to exceed USD 9 billion by 2024; according to a new research report by Global Market Insights, Inc. 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. Thus, growth in automobile and construction industries, will propel growth in adhesives demand, which will eventually be beneficial for styrene butadiene latex market size growth in the coming years.

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According to applications, styrene butadiene latex market for adhesives was valued at over USD 280 million in 2016. The product’s use across various end-user industries including automobile, construction, electricals, paper & fiber processing, etc., are likely to make a noteworthy contribution to the overall business by 2024. Low and high butadiene content SB latex is primarily used in the production of adhesives and used across aforementioned industries, which will help in attaining substantial gains over the forecast period.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1. BASF
2. The Dow Chemical Company
3. Zeon Chemicals
4. Trinseo
5. Mallard Creek Polymers, Inc
6. Asahi Kasei Plastics North America, Inc.
7. The Synthetic Latex Company
8. OMNOVA Solutions
9. LG Chem
10. Synthomer
11. Trinseo

Based on the butadiene content, styrene butadiene latex market for the medium segment is likely to grow at a healthy CAGR in the forthcoming years. It is a soft and self-crosslinking type with low formaldehyde, excellent waterproofing properties, dry cleaning, heat, and light resistance properties, which make it usable for wide-ranging applications including paper processing of impregnated and special papers.

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Styrene Butadiene Latex market of butadiene content by application
o Low
o Paper processing
o Fiber processing
o Glass fiber processing
o Paints & coatings
o Adhesives
o Mortar additives
o Others
o Medium
o Paper processing
o Fiber processing
o Glass fiber processing
o Paints & coatings
o Adhesives
o Mortar additives
o Others
o High
o Paper processing
o Fiber processing
o Glass fiber processing
o Paints & coatings
o Adhesives
o Mortar additives
o Others

Styrene Butadiene Latex market by application
o Paper processing
o Fiber processing
o Glass fiber processing
o Paints & coatings
o Adhesives
o Mortar additives
o Others

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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.

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.

Some prominent styrene butadiene latex market share contributors are The Dow Chemical, Trinseo, Asahi Kasei Corporation, Styron Europe, LG Chem, Synthetic Latex Pvt. Ltd., and Synthomer Plc. Most of these players have been making investments to upscale their production capacities to meet the rising product demand, which will help in attaining the competitive advantage in the industry. For instance, Styron bought The Dow Chemicals’ SB latex’s division in December 2012 to become the global leader in the styrene butadiene latex market.

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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