Synthetic Latex Polymer Market Revenue to Top US$ 98.8 Billion by 2033

Increasing construction activities worldwide has led to a surge in the demand for paints and coatings, which is expected to drive the sales of synthetic latex polymers. According to a recent research report by Fact.MR, a provider of market research and competitive intelligence, the global synthetic latex polymers market is projected to reach a value of US$ 98.8 billion by the end of 2033, expanding at a CAGR of 4.2% from 2023 to 2033.

Synthetic latex polymers encompass materials such as latex, rubber, and fiber, and recent technological advancements in their production are expected to create promising opportunities. Styrene acrylic based synthetic latex polymers, which are widely used in construction and roof coatings, are an example of these developments. Synthetic latex is also utilized in the manufacture of various electronic and architectural products. Additionally, synthetic latex polymers are essential components in the production of adhesives and sealants, paper, carpets, as well as paints and coatings.

𝗗𝗼𝘄𝗻𝗹𝗼𝗮𝗱 𝗦𝗮𝗺𝗽𝗹𝗲 𝗖𝗼𝗽𝘆 𝗼𝗳 𝗧𝗵𝗶𝘀 𝗥𝗲𝗽𝗼𝗿𝘁: 𝗗𝗼𝘄𝗻𝗹𝗼𝗮𝗱 𝗦𝗮𝗺𝗽𝗹𝗲 𝗖𝗼𝗽𝘆 𝗼𝗳 𝗧𝗵𝗶𝘀 𝗥𝗲𝗽𝗼𝗿𝘁:
https://www.factmr.com/connectus/sample?flag=S&rep_id=8453

Growing utilization of styrene-butadiene latex can be attributed to the increasing demand in various industries such as carpets, paper & paperboard, fibers, and adhesives. The ban on plastic bags worldwide has led to a surge in demand for environmentally friendly packaging solutions like cardboard and paper, which has further boosted the demand for styrene-butadiene latex. Additionally, the construction industry's rising need for pressure-sensitive mortar additives, paints, coatings, and adhesives has also contributed to the increased utilization of styrene-butadiene latex.

Over the past few years, there has been a noticeable rise in commercial and residential construction activities, leading to increased demand for synthetic latex polymers. The paints and coatings industry is also expected to contribute to the growth of the synthetic latex polymer market, creating profitable opportunities. Furthermore, increased R&D efforts to produce more efficient synthetic latex polymers have also contributed to their increased demand. In the healthcare sector, sales of products such as electrode pads, surgical gloves, stethoscopes, catheters, wraps, and elastic bandages made with synthetic latex polymers are on the rise, further contributing to growth opportunities in the target industry.

Synthetic latex polymers are employed for a wide variety of medical purposes. Synthetic polymers are more flexible and are used significantly to develop light-activated adhesive materials, which help in resealing blood arteries at the time of vascular surgery. Synthetic latex polymers are also utilized in surgical glue to meet different requirements. Synthetic latex polymers come with the features of easy integration with human flesh, which will boost their demand in the healthcare industry.

Key Takeaways from Market Study

• The global synthetic latex polymers market is valued at US$ 65.5 billion in 2023.
• Sales of synthetic latex polymers are forecasted to increase at a CAGR of 4.2% from 2023 to 2033.
• Demand for synthetic latex polymers is predicted to expand at a CAGR of 2.8% through 2033 in Germany.
• Sales of synthetic latex polymers are anticipated to advance at a CAGR of 3.5% in Canada.
• Demand for styrene acrylic-based synthetic latex polymers is estimated to expand at a CAGR of 4.4%.
• Worldwide demand for synthetic latex polymers is expected to reach US$ 98.8 billion by the end of 2033.

Competitive Landscape

To maintain product standards and pursue profitable growth opportunities in the target industry, some major suppliers of synthetic latex polymer are increasing their expenditures and focusing on strengthening their supply chain management systems. This is one of the notable initiatives being undertaken by these suppliers.
Mergers & acquisitions will be increasingly adopted by key players to generate growth opportunities in the coming decade.

For instance:

Hextar Global Berhad, a Malaysian-based supplier of synthetic latex polymers, acquired TufBond Technologies, another provider of synthetic latex polymers, in November 2021. This acquisition is expected to help Hextar broaden its reach and expand its market presence.

𝗚𝗲𝘁 𝗖𝘂𝘀𝘁𝗼𝗺𝗶𝘇𝗮𝘁𝗶𝗼𝗻 𝗼𝗻 𝘁𝗵𝗶𝘀 𝗥𝗲𝗽𝗼𝗿𝘁 𝗳𝗼𝗿 𝗦𝗽𝗲𝗰𝗶𝗳𝗶𝗰 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗦𝗼𝗹𝘂𝘁𝗶𝗼𝗻𝘀:
https://www.factmr.com/connectus/sample?flag=RC&rep_id=8453

Key Market Players

• Apcotex Industries Limited
• Celanese Corporation
• Jubilant Agri and Consumer Products Ltd.
• Omnova Solutions, Inc.
• Shanxi Sanwei Group Co., Ltd.
• Sumitomo Chemical Co., Ltd.
• Trinseo LLC
• Wacker Chemie AG

Synthetic Latex Polymers Industry Segmentation

• By Type:
o Styrene Acrylic
o Styrene Butadiene
o Acrylic
o Vinyl Acetate Copolymer
o Polyvinyl Acetate
o Vinyl Acetate Ethylene
o Others

• By Application:

o Processed Paper
o Adhesives & Sealants
o Paints & Coatings
o Packaging
o Rubber Gloves
o Automotive Parts
o Non-woven Fabrics
o Others

• By Region:

o North America
o Europe
o Asia Pacific
o Latin America
o Middle East & Africa

More Valuable Insights on Offer

Fact.MR, in its new offering, presents an unbiased analysis of the synthetic latex polymers market, presenting historical demand data for 2018 to 2022 and forecast statistics for 2023 to 2033.

The study divulges essential insights on the market based on type (vinyl acetate ethylene, styrene acrylic, styrene-butadiene, acrylic, polyvinyl acetate, vinyl acetate copolymer, others) and application (processed paper, paints & coatings, adhesives & sealants, packaging, automotive parts, rubber gloves, non-woven fabrics, others), across five major regions of the world (North America, Europe, Asia Pacific, Latin America, and MEA).

Key Questions Covered in the Synthetic Latex Polymers Market Report

• What will be the estimated size of the Market in 2023?
• At what rate will the global Synthetic Latex Polymers sales grow until 2033?
• Which are the factors hampering the Synthetic Latex Polymers demand?
• Which region will spearhead the growth in the global industry during 2023-2033?
• Which are the factors driving sales in the Synthetic Latex Polymers Market during the forecast period?

𝗖𝗵𝗲𝗰𝗸 𝗼𝘂𝘁 𝗺𝗼𝗿𝗲 𝗿𝗲𝗹𝗮𝘁𝗲𝗱 𝘀𝘁𝘂𝗱𝗶𝗲𝘀 𝗽𝘂𝗯𝗹𝗶𝘀𝗵𝗲𝗱 𝗯𝘆 𝗙𝗮𝗰𝘁.𝗠𝗥 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵: https://www.factmr.com/report/synthetic-latex-polymers-market

US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E-Mail: sales@factmr.com

Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates

About Fact.MR

We are a trusted research partner of 80% of fortune 1000 companies across the globe. We are consistently growing in the field of market research with more than 1000 reports published every year. The dedicated team of 400-plus analysts and consultants is committed to achieving the utmost level of our client's satisfaction.

This release was published on openPR.