+1-888-308-5802     
News Contact Us

Global Styrene Butadiene Latex Market to cross $9 billion by 2024

Author : Ravi Chawat | Published Date : 2021-01-27 

Styrene Butadiene Latex Market share is forecast to hit USD 9 billion by 2024; according to a new research report by Global Market Insights, Inc. Styrene butadiene latex market will be primarily driven by adhesives and paper industry growth over the forecast duration. The global demand for adhesives and sealants in 2014 was 8.1 million tons, which is anticipated to reach at 12 million tons by 2024. Adhesives are widely used in all major end-user industries such as construction, automobile, electricals, etc. High and low butadiene content SB latex is used in adhesives on large scale. Thus, growth in automobile and construction industries, will propel growth in adhesives demand, which will eventually be beneficial for styrene butadiene latex market size growth in the coming years.

Paper industry growth will be a prime revenue generating driver for styrene butadiene latex market during the forecast period as SB latex acts as a strong binder in paper processing. Currently, Asia Pacific is the leading region in SB latex market. Mainly led by China, this region accounts for almost 40% of global product consumption as it has huge market for paper and paper board products. Some major players in the styrene butadiene latex market are expanding their production capacity for tapping the potential demand that is likely to rise due to increased demand for coated paper in Asia Pacific market. A major hurdle in styrene butadiene latex market growth is the oscillating feedstock prices, which directly affects the production process of SB latex and hampers its growth.

Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/2199

Low butadiene content SB latex held a prominent share in global styrene butadiene latex market due to its extensive application in various end-user industries such as adhesives and textiles. The product is also used in non-woven fabrics and pressure sensitive adhesives.

In 2016, paper processing segment accounted for a major share of overall styrene butadiene latex market. Asia Pacific and Latin American paper industry is growing tremendously from past few years. In last 20 years, the paper products usage has increased from 92 million tons to 208 million tons. This shall be a growth indicator for styrene butadiene latex market size growth in future.

Browse key industry insights spread across 142 pages with 135 market data tables & 23 figures & charts from the report, “Styrene Butadiene (SB) Latex Market Share & Forecast, 2017 – 2024” in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/styrene-butadiene-sb-latex-market

Latin America is likely to witness prominent CAGR during the forecast timespan for styrene butadiene latex market and held a prominent share in 2016. Latin America is a growing market for paper and textile products, increasing per capita income of consumers in Brazil and Mexico, have has led to surged demand for both paper and textile. This positive trend will subsequently drive the product demand in the region over the next few years.

Asia Pacific, led by China, will expand at prominent growth rate over the forecast timeframe. Asia Pacific is a leading carpet and paper producer and an enormous market for the paper based and textile & garments industry. Both, carpet and paper industries in Asia Pacific are growing at prominent rates, which clearly indicates new growth avenues for product demand in the next few years.

The styrene butadiene latex market is fragmented with many companies holding for the majority of the market share while Trinseo and BASF SE have emerged as market leaders. Key industry players include Trinseo, Dow Chemical Company, Styron Europe GmbH, Asahi Kasei Chemical Corporation. Other prominent styrene butadiene latex manufacturers include LG Chem, Mallard Creek Polymers, Synthomer Plc and Synthetic Latex Company (Pty) Ltd.

About Author

Ravi Chawat

Ravi Chawat

Ravi Chawat holds a bachelor's degree in Electronics and Telecommunication Engineering. He has worked closely with industry specialists from different segments including chemicals, food and beverages, construction and manufacturing & energy and power. Ravi's article concentrates principally on balancing relevant data but never at the expense of making the content engaging. He believes in giving fair-minded information to guide significant business choices. [email protected] | https://twitter.com/RaviChawat

Related News

Personal Care Ingredients Market in Latin America to register significant gains through 2024

Published Date: 2021-03-05         Author: Ravi Chawat

LATAM is expected to offer lucrative growth opportunities to the personal care ingredient market. Strong presence of cosmetic brands in nations like Brazil and Mexico is anticipated to accelerate regional market size. While the Middle East personal care ingredients market may also witness decent gro... Read More

Parabens segment to drive the demand for cosmetic preservatives growth

Published Date: 2021-03-05         Author: Ravi Chawat

Cosmetic preservatives market to register significant gains over from 2020 to 2026. The parabens segment is poised to record a CAGR of around 6.4% through 2026. Additionally, the phenol derivatives segment held over 18.3% of the overall cosmetic preservatives industry share and is slated t... Read More

Cosmetic Preservatives Market will positively impact by adoption of enhanced cosmetic product

Published Date: 2021-03-02         Author: Ravi Chawat

Cosmetic preservatives market growth is propelled by the rapid adoption of enhanced cosmetic products. In fact, studies suggest that women spend over $3,000 annually on cosmetics, in the US alone. These figures, in addition to mounting implementation of preservatives to prevent different types of sk... Read More

© 2021 Fractovia. All Rights Reserved