Synthetic Latex Polymers Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Synthetic Latex Polymers Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

  • August 2021 •
  • 143 pages •
  • Report ID: 5917347 •
  • Format: PDF
The global synthetic latex polymers market reached a value of US$ 31 Billion in 2020.

Synthetic latex is a laboratory-made aqueous dispersion of petroleum polymers. It is an artificially synthesized compound with high-strength, flexibility and water-resistance properties. These polymers are derived from styrene and butadiene using chemical catalysts obtained by the process of emulsion polymerization. Synthetic latex polymers are added to other compounds for the alteration of molecular weight and mechanical properties. Currently, they are available in the form of styrene acrylic, vinyl acetate-ethylene and vinyl acetate copolymer and are utilized in the production of paints, coatings, textiles, medical equipment, belts and seals, etc.

The growing construction industry is one of the key factors driving the market growth. Along with the increasing number of commercial and residential construction activities, the growing product demand for coatings and paints is also contributing to the market growth. Synthetic latex is used as a bonding and waterproofing agent with cement as it offers immense water impermeability, adhesion to substrates and excellent chemical resistance. It is also suitable for both interior and exterior applications, which is contributing to its widespread adoption across the construction industry. Additionally, synthetic latex is extensively used to produce water-based coating emulsions that are used as a coating to prevent corrosion of metallic substrates. It improves durability and resistance against scratches and scuffs of the metallic surface. Moreover, there is a growing requirement from the healthcare industry to manufacture latex-based surgical gloves, catheters, electrode pads, stethoscopes, elastic bandages and wraps. Other factors, including the introduction of bio-adhesives that are compatible with latex and comply with environmental standards, along with increasing research and development (R&D) activities, are projected to drive the market further. Looking forward, the analyst expects the global synthetic latex polymers market to grow at a CAGR of 4.4% during 2021-2026.

Breakup by Type:
Styrene Acrylic
Styrene Butadiene
Vinyl Acetate Copolymer
Polyvinyl Acetate
Vinyl Acetate Ethylene

Breakup by Application:
Paints and Coatings
Adhesives and Sealants
Paper and Paperboard

Breakup by End-Use Industry:
Construction Sector
Automotive Industry
Electronics Sector
Textile Industry
Healthcare Sector

Breakup by Region:
North America
United States
Asia Pacific
South Korea
United Kingdom
Latin America
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the key players being Alberdingk Boley, Apcotex Industries Ltd., Arkema S.A., Arlanxeo, Asahi Kasei, BASF, 3M, Celanese, Dow Chemical Company, LG Chem, Lubrizol (Berkshire Hathaway), Omnova Solutions Inc. (Synthomer Plc), Trinseo, Wacker Chemie AG, etc.