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Synthetic Latex Polymers Market: Driven by Propelling Construction and Automotive Sectors


Introduction

Since natural latex is expensive, synthetic latex is produced on a large scale at a lower cost. In order to rigorously test fundamental theories of particle deposition and colloidal interaction, it is essential that monodisperse colloidal suspensions with well-defined chemical-colloidal properties are used.

 Synthetic latex particles are most commonly used to meet these criteria. Synthetic latex polymer, also known as emulsion polymer, is used in a broad range of applications owing to their ability to enhance adhesion, water resistance, durability, flexibility, and strength of the material. The properties of synthetic latex polymers materials can be changed according to the specific requirements.

Drivers and restraints of Synthetic Latex Polymer Market

Rapid industrialization and urbanization across the globe are leading to an increased number of construction activities that are augmenting the demand for paints and coatings and construction adhesive. Increasing demand for paints & coatings across the globe is propelling the synthetic latex polymers market growth. The market is expected to grow at a steady pace owing to the growing use of these polymers in everyday life. Reduced demand for substitutes such as natural latex and solvent-based adhesives are further boosting the growth of the market.

Growth in the electronics sector is also increasing the synthetic latex polymers market size. However, fluctuating crude oil prices may hamper the growth of the market of the synthetic latex polymer. Limited crude oil reserve is also a major challenge for the market. Synthetic latex polymers have a relatively poor stretching effect, lower tearing strength, and mechanical strength in comparison to natural latex polymer which may also hamper the growth of the market.

Market Segmentation

Geographically, Asia Pacific region is expected to have a significant market share of the global synthetic latex polymers market share. The market share is projected on account of the increasing construction activities in the emerging economies and the increased demand for synthetic latex polymers from various end-use applications, such as paints & coatings. 

 North America region is also expected to have a significant market share owing to factors such as an increase in commercial construction activities and a high demand for paint and coating products in this region. Increasing demand for paint and coatings from the automotive sector is boosting the market growth in the region.

By type, the styrene-acrylic segment is expected to have a significant market share due to the growth of the global construction industry that leads to increased consumption of paints, coatings, adhesives, and sealants. Styrene acrylic is used in the manufacturing of architectural paints. 

The vinyl acetate-ethylene segment is also expected to witness rapid growth on account of its acceptance in industries due to its benefits such as enhanced performance and superior characteristics. By application, paints and coatings segment is expected to have a significant market share on account of its various applications in different end-user industries. Expansion of its end-users such as the construction and automotive sectors is driving the market of paints and coatings.

According to industry research conducted by Knowledge Sourcing Intelligence, major industry players profiled as part of the report are The Dow Chemical Company, BASF SE, Wacker Chemie AG, The Synthetic Latex Company (Pty) Ltd., OMNOVA Solutions, Inc., Trinseo, ARLANXEO, and synthomer plc.

Key Questions Answered in This Report:

·         What are the key regions having a significant market share of the market?
·         What are the drivers and restraints of the market?
·         Who are the key market players in the market?
·         Who are the end-users of the market?
·         What are the applications of synthetic latex polymers?


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