Pune, India – The report, “Synthetic Latex Polymers Market by Type (Styrene Acrylics, Acrylics, Styrene Butadiene, VAE, PVAc, Vinyl Acetate Copolymer), Application (Paints and Coatings, Adhesives and Sealants, Paper and Paperboard, Carpets, Nonwovens), Region – Global Forecast to 2022,” published by MarketsandMarkets, the market is estimated to be $27.58 billion in 2017, and is projected to reach $34.53 billion by 2022, at a CAGR of 4.6 percent from 2017 to 2022. This growth can be attributed to the increased use of synthetic latex polymers in paints and coatings application. In addition, the rising demand for adhesives & sealants is further anticipated to boost the consumption of synthetic latex polymers.
Based on type, the vinyl acetate ethylene segment of the synthetic latex polymers market is projected to grow at the highest CAGR during the forecast period. This polymer type has garnered industry-wide acceptance for its improved performance and superior characteristics. Vinyl acetate ethylene is used in various applications that include paints and coatings, nonwovens, water-based adhesives, binders, and paper and paperboard coatings. Based on application, the paints and coatings segment accounted for the largest share of the synthetic latex polymers market in 2016. An increase in residential and commercial construction activities worldwide has contributed to the high demand for paints and coatings. Synthetic latex polymers are key ingredients of any paint formulation; these polymers are manufactured from monomeric materials, such as vinyl acetate and other acrylates. The increasing use of synthetic latex polymers in interior, exterior, and architectural coatings is expected to drive the growth of the paints and coatings application segment of the synthetic latex polymers market.
The Asia Pacific region was the largest market for synthetic latex polymers, in terms of volume, in 2016. China is a key consumer of synthetic latex polymers in the Asia Pacific region. The rise in construction activities in Asia Pacific countries has contributed to the growth of the synthetic latex polymers market in this region. Mergers and acquisitions, new product launches and developments, and expansions are key growth strategies adopted by leading manufacturers of synthetic latex polymers in the Asia Pacific region.
Wacker Chemie (Germany), Synthomer (U.K.), BASF (Germany), Celanese Corporation (U.S.), Dow Chemical (U.S.), Arkema (France), Arlanxeo (Netherlands), Asahi Kasei (Japan), Omnova Solutions (U.S.) and Trinseo (U.S.) are key players operating in the synthetic latex polymers market.
- Rubber World
