Press release
Synthetic Latex Polymer Market is Estimated to Reach USD 49.10 Billion By 2030: Cognitive Market Research
Synthetic Latex Polymer Market is Estimated to Reach USD 49.10 Billion By 2030: Cognitive Market Research
Synthetic latex polymers are a type of polymer made by polymerizing monomers such as styrene and butadiene. These monomers are chemically combined to form long chains of molecules that are processed to create rubber-like materials that can be used in a variety of applications. Synthetic latex polymers are used as a substitute for natural rubber obtained from the sap of rubber trees. It is used in a wide variety of applications, including tire manufacturing, industrial products, medical devices, and consumer goods such as gloves and rubber bands.
Summary:
• As per the study of CMR, The Global Synthetic Latex Polymer Market Size Was Valued at USD 33.75 Billion In 2022 And is Expected to Grow at a CAGR Of 4.8 % During the Forecast Period, Reaching USD 49.10 Billion By 2030.
• Rapid urbanization coupled with rising demand for polymers in automotive manufacturing is the major driving factor for the growth of the Synthetic Latex Polymer market.
• Asia Pacific is expected to dominate the synthetic latex polymer market
• The styrene acrylic segment is a major revenue contributor in terms of type, styrene acrylic is a type of synthetic latex polymer that is significantly used in various applications due to its great properties such as good adhesion, water resistance, and weather ability.
To know more about The Synthetic Latex Polymer Market statistics click here: https://www.cognitivemarketresearch.com/synthetic-latex-polymers-market-report
What are the driving factors for the synthetic latex polymer market?
Rapid urbanization coupled with rising demand for polymers in automotive manufacturing is the main driving factor contributing to the growth of the synthetic latex polymer market during the forecast period. Synthetic latex polymer is increasingly adopted in the manufacture of tires and other rubber products for the automotive industry. Additionally, rising demand for medical devices has driven market growth over the forecast period. Synthetic latex polymer is used in the production of medical devices such as surgical gloves and syringe plungers due to its biocompatibility.
However, there is an environmental concern related to synthetic latex polymers such as the release of volatile organic compounds (VOCs) and the generation of hazardous waste that may obstruct the growth of the market in near future. Further, there is an increased focus on developing more sustainable methods for producing synthetic latex polymer, such as using renewable energy sources and reducing waste. This is expected to create great opportunities for the market during the forecast period.
Market Segmentation:
Global synthetic latex polymer market type segmentation:
• Styrene Acrylic
• Styrene Butadiene
• Acrylic
• Vinyl Acetate Copolymer
• Polyvinyl Acetate
• Others
The styrene acrylic segment is a major revenue contributor in terms of type, styrene acrylic is a type of synthetic latex polymer that is significantly used in various applications due to its great properties such as good adhesion, water resistance, and weatherability. In addition, styrene acrylic offers several advantages over other polymers such as it can withstand exposure to the elements without degrading.
Global synthetic latex polymer market application segmentation:
• Processed Paper
• Adhesives & Sealants
• Paints & Coatings
• Packaging
• Rubber Gloves
• Automotive Parts
• Non-woven Fabrics
• Others
Based on application, the paints & coatings segment held a significant share in 2022 owing to it is widely adapted in water-based paints.
Competitive Analysis of Synthetic Latex Polymer Market: BASF, Dow Chemical, Wacker Chemie, Celanese, Synthomer, Styron, DIC, 3M, Akzo Nobel, Asahi Kasei, Bayer MaterialScience, Dow Corning, Royal DSM, Reichhold, Eastman Chemical, Sumitomo Chemical, Valspar, Saiden Chemical
Get free sample pages of the latest published Synthetic Latex Polymer Market Report: https://www.cognitivemarketresearch.com/synthetic-latex-polymers-market-report
Asia Pacific is expected to dominate the synthetic latex polymer market
As per CMR analysis, Asia Pacific is expected to dominate the synthetic latex polymer market. The growth of market is significantly growing in the region due to the increasing rubber production, presence of major producers of synthetic latex polymer and rising demand for automotive tires. The Asia-Pacific region is expected to see increased demand for synthetic latex polymers with high performance properties, such as those used in automotive tires and industrial products.
Browse Here For Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Synthetic Latex Polymers Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Synthetic Latex Polymers Market Segmentation
1.5.1 Synthetic Latex Polymers Market Regional Fragmentation
1.5.1 Synthetic Latex Polymers Market Players
• 1.6 Report Duration
• 1.7 List of Stakeholders
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Synthetic Latex Polymers Market
• 3.1 Global Synthetic Latex Polymers Market Size 2018 - 2030, (USD Million)
• 3.2 Global Synthetic Latex Polymers Value, Absolute & Opportunity Analysis
• 3.3 Global Synthetic Latex Polymers Market Y-o-Y Growth Rate Projection by Region (2023 - 2030)
• 3.4 Global Synthetic Latex Polymers Market Statistics 2022: Snapshot
Chapter 4 Global Synthetic Latex Polymers Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global Synthetic Latex Polymers Market by Type Segmentation Analysis (2018-2030)
Chapter 10 Global Synthetic Latex Polymers Market by Application Segmentation Analysis (2018-2030)
Chapter 11 Global Synthetic Latex Polymers Market Regional Analysis
Chapter 12 North America Synthetic Latex Polymers Market Outlook (2018 - 2030)
Chapter 13 Europe Synthetic Latex Polymers Market Outlook (2018 - 2030)
Chapter 14 Asia Pacific Synthetic Latex Polymers Market Outlook (2018 - 2030)
Chapter 15 Latin America Synthetic Latex Polymers Market Outlook (2018 - 2030)
Chapter 16 Middle East and Africa Synthetic Latex Polymers Market Outlook (2018 - 2030)
Chapter 17 Research Findings
Customize the Report Edition (Is applicable, On Request, Subject to Data Available, At an Additional Cost)
To know more about The Synthetic Latex Polymer Market TOC click here: https://www.cognitivemarketresearch.com/synthetic-latex-polymers-market-report#table_of_contents
Related Report:
• Rubber Gloves for Electrical Market- https://www.cognitivemarketresearch.com/rubber-gloves-for-electrical-market-report
• Rubber Gloves Market- https://www.cognitivemarketresearch.com/rubber-gloves-market-report
• Synthetic Rubber Market- https://www.cognitivemarketresearch.com/synthetic-rubber-market-report
• Natural Rubber Market- https://www.cognitivemarketresearch.com/natural-rubber-market-report
About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
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Illinois, 60602
United States
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Europe and UK: (+44) 20-8144-9523
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Email: sales@cognitivemarketresearch.com
Website: https://www.cognitivemarketresearch.com/about-us
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