Styrene Butadiene Latex Market shipments to register 3.5% growth to 2024

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.

Selbyville, United States – June 27, 2019 /MarketersMedia/ —

The Styrene Butadiene Latex Market is set to grow from its current market value of more than $7 billion to over $9 billion by 2024; as reported in the latest study by Global Market Insights, Inc.

Styrene butadiene latex market is growing at a great pace mainly due to the rising product demand in the paper and adhesives industry. Styrene butadiene latex is a carboxylate admixture created to provide vital adhesion to concrete, mortars, and cement bond coats for improved chemical resistance and bond strength. Paper demand is rapidly growing chiefly due to its applications across packaging, education, and various other sectors. For instance, China is the largest producer and consumer of paper and paper products.

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The volatility in its raw material prices is likely to be a major restraining factor for styrene butadiene latex market over the forecast spell. SB latex raw materials include styrene, butadiene, water, and emulsifiers. Styrene & butadiene are the direct by-products of crude oil, which are scarce and directly impact the latex production. However, continuous R&D activities by the market players for the unrestricted production of SB latex will have a positive impact on the styrene butadiene latex market over the forecast span.

Based on the butadiene content, styrene butadiene latex market for the medium segment is likely to grow at a healthy CAGR in the forthcoming years. It is a soft and self-crosslinking type with low formaldehyde, excellent waterproofing properties, dry cleaning, heat, and light resistance properties, which make it usable for wide-ranging applications including paper processing of impregnated and special papers.

According to applications, styrene butadiene latex market for adhesives was valued at over USD 280 million in 2016. The product’s use across various end-user industries including automobile, construction, electricals, paper & fiber processing, etc., are likely to make a noteworthy contribution to the overall business by 2024. Low and high butadiene content SB latex is primarily used in the production of adhesives and used across aforementioned industries, which will help in attaining substantial gains over the forecast period.

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Based on region, styrene butadiene latex market in LATAM is experiencing the greatest demand surge and is anticipated to grow at a CAGR of about 5% in the near future. Rising demand for textile in the region is attributed to the growing population and rising socio-economic factors, which will help propel product demand as it is used in fiber processing.

Some prominent styrene butadiene latex market share contributors are The Dow Chemical, Trinseo, Asahi Kasei Corporation, Styron Europe, LG Chem, Synthetic Latex Pvt. Ltd., and Synthomer Plc.

Browse key industry insights spread across 142 pages with 135 market data tables & 23 figures & charts from the report, “Styrene Butadiene (SB) Latex Market Size By Butadiene Content (Low, Medium, High), By Application (Paper Processing, Fiber Processing, Glass Fiber Processing, Mortar Additives. Paints & Coatings, Adhesives), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, China, India, Japan, Australia, Indonesia, Malaysia, Brazil, Mexico, South Africa, GCC), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024” in detail along with the table of contents:

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

Glimpse of Table of Content (ToC)

Chapter 4. Styrene Butadiene Latex Market, Butadiene Content By Application
4.1. Global styrene butadiene latex market share butadiene content by application, 2016 & 2024
4.2. Low
4.2.1. Market estimates and forecasts of butadiene content by application, 2013 – 2024
· Paints & coatings
· Adhesives
· Paper processing
· Glass fiber processing
· Fiber processing
· Mortar additives
· Others
4.2.2. Market estimates and forecasts by region, 2013 – 2024
4.3. Medium
4.3.1. Market estimates and forecasts of butadiene content by application, 2013 – 2024
· Paints & coatings
· Adhesives
· Paper processing
· Glass fiber processing
· Fiber processing
· Mortar additives
· Others
4.3.2. Market estimates and forecasts by region, 2013 – 2024
4.4. High
4.4.1. Market estimates and forecasts of butadiene content by application, 2013 – 2024
· Paints & coatings
· Adhesives
· Paper processing
· Glass fiber processing
· Fiber processing
· Mortar additives
· Others
4.4.2. Market estimates and forecasts by region, 2013 – 2024

Browse Full TOC @ https://www.gminsights.com/toc/detail/styrene-butadiene-sb-latex-market

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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