Styrene Butadiene Latex Market Share Industry Size Report 2017-2024 | Key Players BASF, The Dow Chemical Company, Trinseo, Zeon Chemicals, OMNOVA Solutions, Synthomer

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.

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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.

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

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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.

Browse key industry insights spread across 142 pages with 135 market data tables & 23 figures & charts from the report, “Styrene Butadiene (SB) Latex Market” in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/styrene-butadiene-sb-latex-market

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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