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Synthetic Latex Polymers Market Analysis, Top Drivers, Key Players, Segmentation And Forecast To 2033
Synthetic Latex Polymers Market Analysis
The Business Research Company presents an extensive market research report on the Synthetic Latex Polymers Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The synthetic latex polymers market size has grown strongly in recent years. It will grow from $32.07 billion in 2023 to $33.76 billion in 2024 at a compound annual growth rate (CAGR) of 5.3%. The growth in the historic period can be attributed to industrialization and economic growth, expansion of construction and infrastructure activities, growing awareness of environmental impact, rising demand in the automotive sector, increasing use in healthcare and medical devices..
The synthetic latex polymers market size is expected to see strong growth in the next few years. It will grow to $41.62 billion in 2028 at a compound annual growth rate (CAGR) of 5.4%. The growth in the forecast period can be attributed to growing emphasis on bio-based polymers, expanding applications in water-based formulations, increased demand for customized formulations, rising importance of lightweight materials, global focus on green and sustainable practices, technological integration for enhanced product properties.. Major trends in the forecast period include technological advancements in polymerization processes, increasing use in non-woven fabrics, growing demand in the asia-pacific region, stringent environmental regulations, resilience amid economic challenges..
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Key Market Players:
Major companies operating in the synthetic latex polymers market report are Wacker Chemie AG, Apcotex Industries Limited, Arkema S.A., Arlanxeo Holding BV, Asahi Kasei Corporation, Bangkok Synthetics Co. Ltd., BASF SE, Celanese Corporation, Jubilant Agri & Consumer Products Ltd., Kumho Petrochemical Co. Ltd., LG Chem Ltd., Lion Elastomers LLC, OMNOVA Solutions Inc., Sumitomo Chemical India Ltd., Synthomer plc, Dow Chemical Company, Trinseo S.A., Versalis SPA, Zeon Corporation, SIBUR International GmbH, The Lubrizol Corporation, The Goodyear Tire & Rubber Company, Eastman Chemical Company, Kuraray Co. Ltd., Synthomer Deutschland GmbH, Asahi Glass Co. Ltd., Nitriflex S/A Indústria e Comércio, Ansell Limited, Momentive Performance Materials Inc., Kraton Corporation
Market Drivers:
Increasing construction activity is expected to propel the growth of the synthetic latex polymers market going forward. 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. For instance, in September 2022, according to the United States Census Bureau, a principal agency of the U.S. Federal Statistical System, in the USA, around 1,610 thousand new residential construction projects were begun in 2021, an increase of 16.7% from the 1,379.61 thousand units started in 2020. Therefore, increasing construction activities are driving the growth of the synthetic latex polymers market.
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https://www.thebusinessresearchcompany.com/report/synthetic-latex-polymers-global-market-report
The synthetic latex polymers market covered in this report is segmented -
1) By Type: Styrene Acrylic, Styrene Butadiene, Acrylic, Vinyl Acetate Copolymer, Polyvinyl Acetate, Vinyl Acetate Ethylene, Other Types
2) By Application: Paints and Coating, Adhesives and Sealants, Nonwovens, Carpets, Paper and Paperboard, Other Applications
3) By End-Use: Construction Sector, Automotive Industry, Electronics Sector, Textile Industry, Healthcare Sector, Other End-User Industries
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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