Styrene butadiene latex market is expected to witness market growth at a rate of 3.4% in the forecast period of 2021 to 2028.Styrene butadiene latex is a synthetic polymers produced from styrene and butadiene with the process of emulsion polymerization. It is similar to styrene butadiene rubber in the production process and the raw materials utilized in its production, but the product differs from rubber that it has greater density, resulting in greater strength to the compound as compared to rubbers. This also means that it retains its original shape quite easily even after being stretched.
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Segmentation: Global Styrene Butadiene Latex Market
- By Type (Emulsion Styrene Butadiene Latex, Solution Styrene Butadiene Latex)
- By Butadiene Content (Low, Medium, High)
- By Application (Paper Processing, Fiber & Carpet Processing, Glass Fiber Processing, Paints & Coatings, Adhesives, Mortar Additives, Foams & Mattresses, Others)
- By Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa)
Competitive Analysis:
Global styrene butadiene latex market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of styrene butadiene latex market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Key Market Competitors: Global Styrene Butadiene Latex Market
Few of the major competitors currently working in the global styrene butadiene latex market are Trinseo; BASF SE; Dow; Asahi Kasei Corporation; synthomer plc; LG Chem; OMNOVA Solutions Inc.; The Synthetic Latex Company (Pty) Ltd; ZEON CORPORATION; Mallard Creek Polymers; Textile Rubber & Chemical Company Inc.; NANTEX Industry Co., Ltd.; U.S. Adhesives, Inc.; The Euclid Chemical Company; LANXESS; KUMHO PETROCHEMICAL; ARLANXEO; Rishiroop Ltd.; HANSOLCHEMICAL; Jubilant; Reliance Industries Limited and SRI Impex Pvt. Ltd. among others.
Market Drivers:
- High levels of demand from the automotive and construction industry which subsequently give rise to adhesives; this factor is expected to drive the growth of the market
- Advancements of technologies in the paper products market is expected to bode well for the styrene butadiene latex market
- Increasing initiatives undertaken by various manufacturers to invest heavily in R&D to implement innovative manufacturing methods of the product is expected to bode well for the growth of the market
- Increasing demand for carpet and fiber products is also expected to bode well for the growth of the market
Market Restraints:
- Concerns regarding the high costs associated with the feedstock and their vulnerable pricing in the market is expected to restrict the growth of the market
- Environmental concerns related to paper products amid deforestation activities are factors reducing the adoption of the product
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Key Insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key market players involved in this industry
- Detailed analysis of the market segmentation
- Competitive analysis of the key players involved
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