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Synthetic Latex Polymers Market Report by Type (Styrene Acrylic, Styrene Butadiene, Acrylic, Vinyl Acetate Copolymer, Polyvinyl Acetate, Vinyl Acetate Ethylene, and Others), Application (Paints and Coatings, Adhesives and Sealants, Nonwovens, Carpets, Paper and Paperboard, and Others), End-Use Industry (Construction Sector, Automotive Industry, Electronics Sector, Textile Industry, Healthcare Sector, and Others), and Region 2024-2032
Market Report I 2024-07-01 I 139 Pages I IMARC Group
The global synthetic latex polymers market size reached US$ 32.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 43.7 Billion by 2032, exhibiting a growth rate (CAGR) of 3.1% during 2024-2032.
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.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global synthetic latex polymers market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on type, application and end-use industry.
Breakup by Type:
Styrene Acrylic
Styrene Butadiene
Acrylic
Vinyl Acetate Copolymer
Polyvinyl Acetate
Vinyl Acetate Ethylene
Others
Breakup by Application:
Paints and Coatings
Adhesives and Sealants
Nonwovens
Carpets
Paper and Paperboard
Others
Breakup by End-Use Industry:
Construction Sector
Automotive Industry
Electronics Sector
Textile Industry
Healthcare Sector
Others
Breakup by Region:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
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 GmbH, Apcotex Industries Limited, Arkema group, ARLANXEO Group, Asahi Kasei Corporation, BASF SE, 3M Company, Celanese Corporation, Dow Chemical Company, LG Chem, Lubrizol (Berkshire Hathaway), Synthomer plc, Trinseo S.A., Wacker Chemie AG, etc.
Key Questions Answered in This Report
1. What is the size of the global synthetic latex polymers market in 2023?
2. What is the expected growth rate of the global synthetic latex polymers market during 2024-2032?
3. What are the key factors driving the global synthetic latex polymers market?
4. What has been the impact of COVID-19 on the global synthetic latex polymers market?
5. What is the breakup of the global synthetic latex polymers market based on the type?
6. What is the breakup of the global synthetic latex polymers market based on the application?
7. What are the key regions in the global synthetic latex polymers market?
8. Who are the key players/companies in the global synthetic latex polymers market?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Synthetic Latex Polymers Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact Of COVID-19
5.4 Market Forecast
6 Market Breakup by Type
6.1 Styrene Acrylic
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Styrene Butadiene
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Acrylic
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Vinyl Acetate Copolymer
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Polyvinyl Acetate
6.5.1 Market Trends
6.5.2 Market Forecast
6.6 Vinyl Acetate Ethylene
6.6.1 Market Trends
6.6.2 Market Forecast
6.7 Others
6.7.1 Market Trends
6.7.2 Market Forecast
7 Market Breakup by Application
7.1 Paints and Coatings
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Adhesives and Sealants
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Nonwovens
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Carpets
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Paper and Paperboard
7.5.1 Market Trends
7.5.2 Market Forecast
7.6 Others
7.6.1 Market Trends
7.6.2 Market Forecast
8 Market Breakup by End-Use Industry
8.1 Construction Sector
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Automotive Industry
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Electronics Sector
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Textile Industry
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Healthcare Sector
8.5.1 Market Trends
8.5.2 Market Forecast
8.6 Others
8.6.1 Market Trends
8.6.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 ALBERDINGK BOLEY GmbH
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 Financials
14.3.2 Apcotex Industries Limited
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 Financials
14.3.3 Arkema group
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Financials
14.3.4 ARLANXEO Group
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 Financials
14.3.5 Asahi Kasei Corporation
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.5.3 Financials
14.3.5.4 SWOT Analysis
14.3.6 BASF SE
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 Financials
14.3.6.4 SWOT Analysis
14.3.7 3M Company
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.7.3 Financials
14.3.7.4 SWOT Analysis
14.3.8 Celanese Corporation
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.8.3 Financials
14.3.8.4 SWOT Analysis
14.3.9 Dow Chemical Company
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.10 LG Chem
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.10.3 Financials
14.3.10.4 SWOT Analysis
14.3.11 Lubrizol (Berkshire Hathaway)
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.11.3 SWOT Analysis
14.3.12 Synthomer plc
14.3.12.1 Company Overview
14.3.12.2 Product Portfolio
14.3.12.3 Financials
14.3.12.4 SWOT Analysis
14.3.13 Trinseo S.A.
14.3.13.1 Company Overview
14.3.13.2 Product Portfolio
14.3.13.3 Financials
14.3.14 Wacker Chemie AG
14.3.14.1 Company Overview
14.3.14.2 Product Portfolio
14.3.14.3 Financials
14.3.14.4 SWOT Analysis
Figure 1: Global: Synthetic Latex Polymers Market: Major Drivers and Challenges
Figure 2: Global: Synthetic Latex Polymers Market: Sales Value (in Billion US$), 2018-2023
Figure 3: Global: Synthetic Latex Polymers Market: Breakup by Type (in %), 2023
Figure 4: Global: Synthetic Latex Polymers Market: Breakup by Application (in %), 2023
Figure 5: Global: Synthetic Latex Polymers Market: Breakup by End-Use Industry (in %), 2023
Figure 6: Global: Synthetic Latex Polymers Market: Breakup by Region (in %), 2023
Figure 7: Global: Synthetic Latex Polymers Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 8: Global: Synthetic Latex Polymers (Styrene Acrylic) Market: Sales Value (in Million US$), 2018 & 2023
Figure 9: Global: Synthetic Latex Polymers (Styrene Acrylic) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 10: Global: Synthetic Latex Polymers (Styrene Butadiene) Market: Sales Value (in Million US$), 2018 & 2023
Figure 11: Global: Synthetic Latex Polymers (Styrene Butadiene) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 12: Global: Synthetic Latex Polymers (Acrylic) Market: Sales Value (in Million US$), 2018 & 2023
Figure 13: Global: Synthetic Latex Polymers (Acrylic) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 14: Global: Synthetic Latex Polymers (Vinyl Acetate Copolymer) Market: Sales Value (in Million US$), 2018 & 2023
Figure 15: Global: Synthetic Latex Polymers (Vinyl Acetate Copolymer) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 16: Global: Synthetic Latex Polymers (Polyvinyl Acetate) Market: Sales Value (in Million US$), 2018 & 2023
Figure 17: Global: Synthetic Latex Polymers (Polyvinyl Acetate) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 18: Global: Synthetic Latex Polymers (Vinyl Acetate Ethylene) Market: Sales Value (in Million US$), 2018 & 2023
Figure 19: Global: Synthetic Latex Polymers (Vinyl Acetate Ethylene) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 20: Global: Synthetic Latex Polymers (Other Types) Market: Sales Value (in Million US$), 2018 & 2023
Figure 21: Global: Synthetic Latex Polymers (Other Types) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 22: Global: Synthetic Latex Polymers (Paints and Coatings) Market: Sales Value (in Million US$), 2018 & 2023
Figure 23: Global: Synthetic Latex Polymers (Paints and Coatings) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 24: Global: Synthetic Latex Polymers (Adhesives and Sealants) Market: Sales Value (in Million US$), 2018 & 2023
Figure 25: Global: Synthetic Latex Polymers (Adhesives and Sealants) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 26: Global: Synthetic Latex Polymers (Nonwovens) Market: Sales Value (in Million US$), 2018 & 2023
Figure 27: Global: Synthetic Latex Polymers (Nonwovens) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 28: Global: Synthetic Latex Polymers (Carpets) Market: Sales Value (in Million US$), 2018 & 2023
Figure 29: Global: Synthetic Latex Polymers (Carpets) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 30: Global: Synthetic Latex Polymers (Paper and Paperboard) Market: Sales Value (in Million US$), 2018 & 2023
Figure 31: Global: Synthetic Latex Polymers (Paper and Paperboard) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 32: Global: Synthetic Latex Polymers (Other Applications) Market: Sales Value (in Million US$), 2018 & 2023
Figure 33: Global: Synthetic Latex Polymers (Other Applications) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 34: Global: Synthetic Latex Polymers (Construction Sector) Market: Sales Value (in Million US$), 2018 & 2023
Figure 35: Global: Synthetic Latex Polymers (Construction Sector) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 36: Global: Synthetic Latex Polymers (Automotive Industry) Market: Sales Value (in Million US$), 2018 & 2023
Figure 37: Global: Synthetic Latex Polymers (Automotive Industry) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 38: Global: Synthetic Latex Polymers (Electronics Sector) Market: Sales Value (in Million US$), 2018 & 2023
Figure 39: Global: Synthetic Latex Polymers (Electronics Sector) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 40: Global: Synthetic Latex Polymers (Textile Industry) Market: Sales Value (in Million US$), 2018 & 2023
Figure 41: Global: Synthetic Latex Polymers (Textile Industry) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 42: Global: Synthetic Latex Polymers (Healthcare Sector) Market: Sales Value (in Million US$), 2018 & 2023
Figure 43: Global: Synthetic Latex Polymers (Healthcare Sector) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 44: Global: Synthetic Latex Polymers (Other Industries) Market: Sales Value (in Million US$), 2018 & 2023
Figure 45: Global: Synthetic Latex Polymers (Other Industries) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 46: North America: Synthetic Latex Polymers Market: Sales Value (in Million US$), 2018 & 2023
Figure 47: North America: Synthetic Latex Polymers Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 48: United States: Synthetic Latex Polymers Market: Sales Value (in Million US$), 2018 & 2023
Figure 49: United States: Synthetic Latex Polymers Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 50: Canada: Synthetic Latex Polymers Market: Sales Value (in Million US$), 2018 & 2023
Figure 51: Canada: Synthetic Latex Polymers Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 52: Asia Pacific: Synthetic Latex Polymers Market: Sales Value (in Million US$), 2018 & 2023
Figure 53: Asia Pacific: Synthetic Latex Polymers Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 54: China: Synthetic Latex Polymers Market: Sales Value (in Million US$), 2018 & 2023
Figure 55: China: Synthetic Latex Polymers Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 56: Japan: Synthetic Latex Polymers Market: Sales Value (in Million US$), 2018 & 2023
Figure 57: Japan: Synthetic Latex Polymers Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 58: India: Synthetic Latex Polymers Market: Sales Value (in Million US$), 2018 & 2023
Figure 59: India: Synthetic Latex Polymers Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 60: South Korea: Synthetic Latex Polymers Market: Sales Value (in Million US$), 2018 & 2023
Figure 61: South Korea: Synthetic Latex Polymers Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 62: Australia: Synthetic Latex Polymers Market: Sales Value (in Million US$), 2018 & 2023
Figure 63: Australia: Synthetic Latex Polymers Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 64: Indonesia: Synthetic Latex Polymers Market: Sales Value (in Million US$), 2018 & 2023
Figure 65: Indonesia: Synthetic Latex Polymers Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 66: Others: Synthetic Latex Polymers Market: Sales Value (in Million US$), 2018 & 2023
Figure 67: Others: Synthetic Latex Polymers Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 68: Europe: Synthetic Latex Polymers Market: Sales Value (in Million US$), 2018 & 2023
Figure 69: Europe: Synthetic Latex Polymers Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 70: Germany: Synthetic Latex Polymers Market: Sales Value (in Million US$), 2018 & 2023
Figure 71: Germany: Synthetic Latex Polymers Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 72: France: Synthetic Latex Polymers Market: Sales Value (in Million US$), 2018 & 2023
Figure 73: France: Synthetic Latex Polymers Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 74: United Kingdom: Synthetic Latex Polymers Market: Sales Value (in Million US$), 2018 & 2023
Figure 75: United Kingdom: Synthetic Latex Polymers Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 76: Italy: Synthetic Latex Polymers Market: Sales Value (in Million US$), 2018 & 2023
Figure 77: Italy: Synthetic Latex Polymers Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 78: Spain: Synthetic Latex Polymers Market: Sales Value (in Million US$), 2018 & 2023
Figure 79: Spain: Synthetic Latex Polymers Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 80: Russia: Synthetic Latex Polymers Market: Sales Value (in Million US$), 2018 & 2023
Figure 81: Russia: Synthetic Latex Polymers Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 82: Others: Synthetic Latex Polymers Market: Sales Value (in Million US$), 2018 & 2023
Figure 83: Others: Synthetic Latex Polymers Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 84: Latin America: Synthetic Latex Polymers Market: Sales Value (in Million US$), 2018 & 2023
Figure 85: Latin America: Synthetic Latex Polymers Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 86: Brazil: Synthetic Latex Polymers Market: Sales Value (in Million US$), 2018 & 2023
Figure 87: Brazil: Synthetic Latex Polymers Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 88: Mexico: Synthetic Latex Polymers Market: Sales Value (in Million US$), 2018 & 2023
Figure 89: Mexico: Synthetic Latex Polymers Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 90: Others: Synthetic Latex Polymers Market: Sales Value (in Million US$), 2018 & 2023
Figure 91: Others: Synthetic Latex Polymers Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 92: Middle East and Africa: Synthetic Latex Polymers Market: Sales Value (in Million US$), 2018 & 2023
Figure 93: Middle East and Africa: Synthetic Latex Polymers Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 94: Global: Synthetic Latex Polymers Industry: SWOT Analysis
Figure 95: Global: Synthetic Latex Polymers Industry: Value Chain Analysis
Figure 96: Global: Synthetic Latex Polymers Industry: Porters Five Forces Analysis
Table 1: Global: Synthetic Latex Polymers Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: Synthetic Latex Polymers Market Forecast: Breakup by Type (in Million US$), 2024-2032
Table 3: Global: Synthetic Latex Polymers Market Forecast: Breakup by Application (in Million US$), 2024-2032
Table 4: Global: Synthetic Latex Polymers Market Forecast: Breakup by End-Use Industry (in Million US$), 2024-2032
Table 5: Global: Synthetic Latex Polymers Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 6: Global: Synthetic Latex Polymers Market: Competitive Structure
Table 7: Global: Synthetic Latex Polymers Market: Key Players
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