CHICAGO, May 23, 2024
/PRNewswire/ -- The report "Synthetic Latex Polymers
Market by Type (Styrene Acrylic, Acrylic, Styrene
Butadiene, Vinyl Acetate Ethylene, Polyvinyl Acetate, Vinyl Acetate
Copolymer), Application (Paints & Coatings, Adhesives &
Sealants, Nonwovens), & Region - Global Forecast to 2029",
is projected to reach USD 53.2
billion by 2029, at a CAGR of 5.5% from USD 40.6 billion in 2024. The synthetic latex
polymers market is driven by increasing demand in the paints and
coatings industry, rapid urbanization and infrastructure projects
in emerging economies, stringent environmental regulations
regarding VOC emissions, and rising demand for biobased,
eco-friendly, and biodegradable synthetic latex polymers.
Browse in-depth TOC on "Synthetic Latex Polymers
Market"
220 – Tables
40 – Figures
240 –
Pages
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"Acrylic is the second largest type of the synthetic latex
polymer, in terms of value."
Acrylic synthetic latex polymers offer enhanced durability,
enhancing the longevity and performance of products such as paints,
coatings, and adhesives. This durability ensures that these
materials endure wear and tear, making them well-suited for
applications demanding enduring finishes. These synthetic latex
polymers offer outstanding water resistance, rendering them
appropriate for situations necessitating protection against
moisture. This attribute proves particularly advantageous in
industries such as construction, where materials must withstand
exposure to water and humidity. Acrylic latex polymers deliver a
favorable blend of flexibility and strength, making them applicable
in scenarios requiring materials capable of bending and stretching
without compromising their structural integrity.
"North America captures the
second largest share in the synthetic latex polymers market during
the forecast period, in terms of value."
The expansion of the electronics industry in North America creates lucrative growth
opportunities for synthetic latex polymer manufacturers by
increasing demand for specialized materials, driving innovation in
product development, and emphasizing the importance of
sustainability and environmental responsibility in manufacturing
processes. In North America, the
construction sector serves as a significant market for synthetic
latex polymers, employing them in paints, coatings, adhesives, and
sealants across residential and commercial projects alike. These
polymers offer crucial properties such as adhesion, durability, and
water resistance, playing a vital role in safeguarding surfaces and
prolonging the lifespan of buildings and structures.
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Mergers, new product launches and expansions are the major
growth strategies adopted by the key players in the market. The key
global players in the synthetic latex polymers market include
Arkema (France), Wacker Chemie AG
(Germany), Synthomer PLC (UK), LG
Chem (South Korea), Celanese (US),
Trinseo (US), Dow (US), BASF SE (Germany), Apcotex (India), ARLANXEO (The Netherlands), H.B. Fuller (US), Asahi
Kasei Corporation (Japan), The
Lubrizol Corporation (US), and ZEON CORPORATION (Japan).
Browse Adjacent Market: Resins and Polymers Market
Research & Consulting
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to 2025
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2026
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