Attaining complete info about the trends and opportunities in the industry is fairly time consuming process but the market report eases it for businesses. Styrene Butadiene Latex Market research report acts as a valued source of information with which businesses can achieve a telescopic view of the current market trends, consumer’s demands and preferences, market situations, opportunities and market status. The report comprises of a number of market dynamics and estimations of the growth rate and the market value based on market dynamics and growth inducing factors. To formulate this Styrene Butadiene Latex Market report, detailed market analysis has been performed with the inputs from industry experts.
Global styrene butadiene latex market is expected to rise to an estimated value of USD 9.38 billion by 2026, registering a steady CAGR in the forecast period of 2019-2026.
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Market Definition: Global Styrene Butadiene Latex Market
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.
- 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
- 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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Segmentation: Global Styrene Butadiene Latex Market
- Emulsion Styrene Butadiene Latex
- Solution Styrene Butadiene Latex
By Butadiene Content
- Paper Processing
- Fiber & Carpet Processing
- Glass Fiber Processing
- Paints & Coatings
- Mortar Additives
- Foams & Mattresses
Key Developments in the Market:
- In May 2019, Trinseo announced that they had agreed to acquire the latex production operations of The Dow Chemical Company and their associated infrastructure situated at Rheinmunster, Germany. This acquisition will help in directly affecting the capabilities of latex binders operations of Trinseo while improving the technologies associated with the production and advancements of the product
- In February 2018, synthomer plc announced that they had completed the acquisition of BASF SE’s SBR (styrene butadiene rubber) business for the Austrian region. The product is produced with specific applications in the paper industry as well as the packaging market. This acquisition will help in greater revenue opportunities for synthomer plc especially for the European region
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.
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