logo

Synthetic Latex Polymers Market Size (2024 - 2029)

The Synthetic Latex Polymers market is anticipated to experience growth during the forecast period, driven by its expanding use in paints and coatings and its diverse range of applications. However, the market's expansion may be challenged by a decline in carpet demand. The Asia-Pacific region leads in market consumption, with significant contributions from countries like China, India, and Japan.

Home Market Analysis Chemicals & Materials Research Plastics, Polymers, and Elastomers Research Plastics and Polymers Research Synthetic Latex Polymers Research Synthetic Latex Polymers Market Market Size

Market Size of Synthetic Latex Polymers Industry

Synthetic Latex Polymers Market Size
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 3.00 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration Low

Major Players

Synthetic Latex Polymers Market Major Players

*Disclaimer: Major Players sorted in no particular order

Synthetic Latex Polymers Market Analysis

The market for Synthetic Latex Polymers is expected to grow at a CAGR of about 3% globally during the forecast period. Increasing application in paints & coatings and growing demand owing to its wide range of applications are driving the market growth. On the flip-side, diminishing demand for carpets is expected to hinder the market growth.

  • Synthetic Latex Polymers Market is expected to grow during the forecast period owing to the increasing application in paints and coatings.
  • Asia-Pacific region dominated the market across the globe with the largest consumption from the countries such as China, India and Japan.

Synthetic Latex Polymers Industry Segmentation

The Synthetic Latex Polymers Market report include: 

Synthetic Latex Polymer Type
Styrene-Butadiene
Acrylic
Vinyl Acetate
Polyvinyl Acetate
Others
Application
Paints & Coatings
Adhesives & Sealants
Textiles and Non-Woven Fabrics
Paper & Paperboard
Others
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa
Need A Different Region Or Segment?
Customize Now

Synthetic Latex Polymers Market Size Summary

The synthetic latex polymers market is poised for growth, driven primarily by its expanding application in paints and coatings. This growth is further supported by the increasing demand from the construction sector, where these polymers are utilized to enhance the properties of cement and asphalt, such as adhesion, water resistance, durability, and flexibility. The Asia-Pacific region, particularly countries like China, India, and Japan, is at the forefront of this market expansion due to robust construction activities. The region's dominance is also attributed to the presence of major producers and companies specializing in synthetic latex polymers, such as BASF SE, Dow, and Arkema Group. Despite the positive outlook, the market faces challenges from the declining demand for carpets, which could potentially hinder growth.

The market's growth trajectory is supported by the diverse applications of synthetic latex polymers beyond paints and coatings, including their use in adhesives, sealants, textiles, non-woven fabrics, and paper products. The styrene-butadiene monomer unit is particularly prevalent due to its versatility across these applications. Government initiatives and investments in infrastructure development, especially in Asia-Pacific, are expected to further bolster market demand. However, the market remains fragmented, with numerous players holding marginal shares, indicating a competitive landscape. Overall, the synthetic latex polymers market is set to experience steady growth, driven by its critical role in various industrial applications and supportive governmental policies.

Explore More

Synthetic Latex Polymers Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Increasing Application in Paints & Coatings

      2. 1.1.2 Growing Demand Owing to its Wide Range of Applications

    2. 1.2 Restraints

      1. 1.2.1 Diminishing Demand for Carpets

      2. 1.2.2 Other Restraints

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION

    1. 2.1 Synthetic Latex Polymer Type

      1. 2.1.1 Styrene-Butadiene

      2. 2.1.2 Acrylic

      3. 2.1.3 Vinyl Acetate

      4. 2.1.4 Polyvinyl Acetate

      5. 2.1.5 Others

    2. 2.2 Application

      1. 2.2.1 Paints & Coatings

      2. 2.2.2 Adhesives & Sealants

      3. 2.2.3 Textiles and Non-Woven Fabrics

      4. 2.2.4 Paper & Paperboard

      5. 2.2.5 Others

    3. 2.3 Geography

      1. 2.3.1 Asia-Pacific

        1. 2.3.1.1 China

        2. 2.3.1.2 India

        3. 2.3.1.3 Japan

        4. 2.3.1.4 South Korea

        5. 2.3.1.5 Rest of Asia-Pacific

      2. 2.3.2 North America

        1. 2.3.2.1 United States

        2. 2.3.2.2 Canada

        3. 2.3.2.3 Mexico

      3. 2.3.3 Europe

        1. 2.3.3.1 Germany

        2. 2.3.3.2 United Kingdom

        3. 2.3.3.3 France

        4. 2.3.3.4 Italy

        5. 2.3.3.5 Rest of Europe

      4. 2.3.4 South America

        1. 2.3.4.1 Brazil

        2. 2.3.4.2 Argentina

        3. 2.3.4.3 Rest of South America

      5. 2.3.5 Middle-East and Africa

        1. 2.3.5.1 Saudi Arabia

        2. 2.3.5.2 South Africa

        3. 2.3.5.3 Rest of Middle-East and Africa

Synthetic Latex Polymers Market Size FAQs

The Synthetic Latex Polymers Market is projected to register a CAGR of 3% during the forecast period (2024-2029)

Zeon Europe GmbH , Dow, Arkema Group , LG Chem and KUMHO PETROCHEMICAL are the major companies operating in the Synthetic Latex Polymers Market.

Synthetic Latex Polymers Report Snapshots

Synthetic Latex Polymers Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)