The Business Research Company’s report on the Synthetic Latex Polymers Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
What are the primary drivers fueling the growth of the synthetic latex polymers market in recent years?
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 July 2023, according to Australian Bureau of Statistics, an Australian-based government administration, in the March quarter of 2023, the total number of dwellings under construction rose by 1.3% to reach 240,813 units. This figure surpasses the prior record of 240,065 units set in the March 2022 quarter. Therefore, increasing construction activities are driving the growth of the synthetic latex polymers market.
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What is the projected market size of the synthetic latex polymers industry, and how is it expected to grow?
The synthetic latex polymers market size has grown steadily in recent years. It will grow from $33.54 billion in 2024 to $35.2 billion in 2025 at a compound annual growth rate (CAGR) of 4.9%. 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 $44.67 billion in 2029 at a compound annual growth rate (CAGR) of 6.1%. 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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Who are the key players driving competition in the synthetic latex polymers market?
Major companies operating in the synthetic latex polymers market are Wacker Chemie AG, Apcotex Industries Limited, Arkema S.A., Arlanxeo Holding BV, Asahi Kasei Corporation, Bangkok Synthetics Co. Ltd., BASF SE, Celanese Corporation, 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, Eastman Chemical Company, Kuraray Co. Ltd., Synthomer Deutschland GmbH, Nitriflex S/A Indústria e Comércio, Momentive Performance Materials Inc., Kraton Corporation
What key trends are expected to drive the swine vaccines market during the forecast period?
Technological advancements have emerged as a key trend gaining popularity in the synthetic latex polymers market going forward. 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 August 2022, according to the Constructive Bio, a UK-based Biotechnology company, launched as a biotechnology company focused on scaling and commercializing synthetic biology breakthroughs from Professor Jason Chin’s research. With an initial seed investment of $15 million and an exclusive license from the Medical Research Council, the company aims to develop innovative platform technologies for large-scale DNA assembly and genome reprogramming. Constructive Bio’s mission is to harness synthetic biology to tackle global challenges by creating novel therapeutics, enhancing agricultural practices, and producing sustainable materials, including biodegradable polymers. This initiative represents a significant step towards advancing synthetic genomics and promoting a more sustainable economy.
Which key geographies are driving the growth of the synthetic latex polymers market?
Asia-Pacificc was the largest region in the synthetic latex polymers market share in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the synthetic latex polymers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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What are the key segments driving growth in the synthetic latex polymers market?
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
Subsegments:
1) By Styrene Acrylic: High-Performance Coatings, Adhesives, Paints, Textiles
2) By Styrene Butadiene: Tire Manufacturing, Flooring, Adhesives, Sealants
3) By Acrylic: Coatings, Inks, Adhesives, Textiles
4) By Vinyl Acetate Copolymer: Paints, Adhesives, Construction Materials, Non-Woven Fabrics
5) By Polyvinyl Acetate: Wood Glue, Arts And Crafts, Paper Coatings, Adhesives
6) By Vinyl Acetate Ethylene: Adhesives, Coatings, Sealants, Non-Wovens
7) By Other Types: Specialty Latex, Biodegradable Latexes, High-Temperature Resistant Latexes
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How is the synthetic latex polymers market defined?
Synthetic latex polymers refer to a synthetic substitute for natural latex generated by combining the petrochemical chemicals styrene and butadiene to form SBR (styrene-butadiene rubber).
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