The demand for Synthetic Latex Polymers has been showing an impressive year-on-year increase, and this trend is expected to continue over our forecast period

The recent study on the synthetic latex polymers market covers an in-depth analysis of the market on the basis of type, application, and geography. The report also covers the country level analysis within the regions as well. The report titled “Synthetic Latex Polymers Market – Forecasts from 2018 to 2023”, covers the key trends in the market along with drivers and restraint during the forecast period 2018-2023. The report has segmented the synthetic latex polymers market by type (styrene-butadiene, acrylonitrile-butadiene, acrylic polymer, vinyl acetate polymers, others), application (paints and coatings, textiles, non-woven, packaging, adhesives and binders, others), and geography (North America, South America, Europe, Middle East and Africa, Asia Pacific). Synthetic latex polymer, also known as emulsion polymer, is used in a broad range of applications owing to their ability to enhance adhesion, water resistance, durability, flexibility, and strength of the material. They are increasingly used in adhesives, paints and coatings, and construction adhesives. Rapid industrialization and urbanization across the globe are augmenting the demand for good infrastructure which in turn is burgeoning the demand for construction adhesives, paints and coatings, and sealants. This is driving the synthetic latex polymers market growth. Growing construction activities in both developed and developing countries is boosting the synthetic latex polymers market growth. With ongoing innovation adding new uses every day for pure acrylics, styrene-acrylics, the market for synthetic latex polymers is expected to grow at a steady rate in the forecast period.

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Acrylic polymer holds a significant share in the market

Acrylic polymer holds a significant share in the market as it is widely used as acrylic polymer emulsion in paints as an additive to enhance the performance of the material. The market is expected to grow at a steady pace owing to the increasing need for these polymers in industries such as healthcare, automotive and transportation.

Paints and Coatings hold a significant share in the market

Paints and Coatings hold a significant share in the market is owing to an increasing number of end-users. Burgeoning infrastructure spending is positively influencing the demand for paints and coatings in the construction industry. In automotive, the current trend of manufacturing lightweight vehicles is driving the demand for high-performance coatings.

The Asia Pacific is expected to grow at a good rate in the forecast period.

The Asia Pacific synthetic latex polymer market is expected to grow at a good rate owing to the growing automotive sector in the region. The automotive industry is one of the major consumers of paints and coatings, adhesives, and non-woven. For instance, in India, the automotive production has increased from 4,488,965 in 2016 to 4,782,895 in 2017 at a growth rate of 6.55%, resulting in an increased demand for synthetic latex polymers.

Some of the major players discussed in the reports are BASF SE, The Dow Chemical Company, Wacker Chemie AG, The Synthetic Latex Company (Pty) Ltd., OMNOVA Solutions, Inc., Trinseo, ARLANXEO, and synthomer plc.

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