Synthetic Polymers Market || to reach USD 39,400.0 million by 2029, Size Industry Trends 

The synthetic polymers market is expected to witness market growth at a rate of 5.6% in the forecast period of 2022 to 2029 and is expected to reach USD 39,400.0 million by 2029. Data Bridge Market Research report on synthetic polymers market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market's growth. The rise in the construction industry is escalating the growth of synthetic polymers market.

Polymers are known to be the chains of monomer units and the physical properties of final materials are determined by the structural and chemical composition of the chain. Synthetic latex is a laboratory-made aqueous dispersion of petroleum polymers. It is an artificially synthesized compound with high-strength, flexibility and water-resistance properties. These polymers are derived from styrene and butadiene using chemical catalysts obtained by the procedure of emulsion polymerization. Synthetic latex polymers are added to other compounds for the alteration of molecular weight and mechanical properties.

Major factors that are expected to boost the growth of the synthetic polymers market in the forecast period are the rise in the number of commercial and residential construction activities and increasing product demand for coatings and paints. Furthermore, the growing research and development activities is further anticipated to propel the growth of the synthetic polymers market. Moreover, rising requirement from the healthcare industry to manufacture latex-based surgical gloves, catheters, electrode pads, stethoscopes, elastic bandages and wraps is further estimated to cushion the growth of the synthetic polymers market. On the other hand, the plastic is non-decomposable because of the presence of several harmful chemical ingredients in the plastic is further projected to impede the growth of the synthetic polymers market in the timeline period.

In addition, the rise in the investment in the personal care and cosmetic industry will further provide potential opportunities for the growth of the synthetic polymers market in the coming years. However, the stringent regulations on harmful chemical ingredients might further challenge the growth of the synthetic polymers market in the near future.

View Detailed Insights Report: https://www.databridgemarketresearch.com/reports/global-synthetic-polymers-market

Global Synthetic Polymers Market Scope and Market Size

The synthetic polymers market is segmented on the basis of type, application and end use industry. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets. 

On the basis of type, the synthetic polymers market is segmented into styrene acrylic, styrene butadiene, acrylic, vinyl acetate copolymer, polyvinyl acetate, vinyl acetate ethylene and others.
On the basis of application, the synthetic polymers market is segmented into paints and coatings, adhesives and sealants, nonwovens, carpets, paper and paperboard and others.
On the basis of end use industry, the synthetic polymers market is segmented into construction sector, automotive industry, electronics sector, textile industry, healthcare sector and others.

Key Players Analysis:

Some of the major players operating in the synthetic polymers market are Alberdingk Boley, Apcotex Industries Limited, Arkema, Arlanxeo, Asahi Kasei Corporation, BASF SE, 3M, Celanese Corporation, Dow, LG Chem., Lubrizol Corporation, Trinseo, Wacker Chemie AG, OMNOVA Solutions Inc., Goodyear Tire & Rubber Company, Lion Elastomers, Sumitomo Chemical Co., Ltd., ZEON Corporation, and Bangkok Synthetics Co., Ltd., among others.

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This release was published on openPR.