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Synthetic Latex Polymers Market Report 2023-2032 : Market Size, Growth Drivers And Key Trends | Wacker Chemie AG, Synthomer Plc., BASF SE
Synthetic Latex Polymers Market Report 2023-2032
The Business Research Company's Synthetic Latex Polymers Global Market Report 2023 identifies Increasing construction activity as the major driver for the synthetic latex polymers market's growth in the forecast period. Construction activities refer to activities that are incidental to the construction, dismantling, assembly, alteration, installation, or equipping of buildings, structures, roadways, or their appurtenances. Synthetic latex polymers are used in construction products like paints and coatings, adhesives and sealants, and more to improve the elastomer property, bind, and avoid cracking.
The global synthetic latex polymers market is expected to grow from $30.73 billion in 2022 to $32.30 billion in 2023 at a compound annual growth rate (CAGR) of 5.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global synthetic latex polymers market is expected to grow to $38.77 billion in 2027 at a CAGR of 4.7%.
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Major competitors in the synthetic latex polymers market are Wacker Chemie AG, Synthomer Plc., BASF SE, Celanese Corporation, The Dow Chemical Company
A key trend in the synthetic latex polymers market includes technological advancement. Major companies operating in the synthetic latex polymers market are focused on innovating new technologies to sustain their position in the market. For instance, in February 2021, Bridgestone, a Japan-based tire and rubber company, Arlanxeo, a Netherlands-based synthetic rubber producer, and Solvay, a Belgian-based chemical company, launched Techsyn, a brand-new, jointly created platform for tire technology that will allow for unmatched strength and environmental performance from tires.
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The synthetic latex polymers market is segmented -
•By Type: Styrene Acrylic, Styrene Butadiene, Acrylic, Vinyl Acetate Copolymer, Polyvinyl Acetate, Vinyl Acetate Ethylene, Other Types
•By Application: Paints and Coating, Adhesives and Sealants, Nonwovens, Carpets, Paper and Paperboard, Other Applications
•By End-Use: Construction Sector, Automotive Industry, Electronics Sector, Textile Industry, Healthcare Sector, Other End-User Industries
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the synthetic latex polymers market.
The Business Research Company's "Global Synthetic Latex Polymers Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Synthetic Latex Polymers Market Include:
1. Executive Summary
2. Synthetic Latex Polymers Market Characteristics
3. Synthetic Latex Polymers Market Trends And Strategies
4. Synthetic Latex Polymers Market - Macro Economic Scenario
5. Synthetic Latex Polymers Market Size And Growth
........
26. Africa Synthetic Latex Polymers Market
27. Synthetic Latex Polymers Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Synthetic Latex Polymers Market
29. Synthetic Latex Polymers Market Future Outlook and Potential Analysis
30. Appendix
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