The increasing demand for synthetic latex polymers for paints and coatings is driving the market growth. Latex-based paints and coatings have several advantages over oil-based paints and coatings including convenient usage, quick-drying, low or near zero VOCs, and ease to clean up and re-coat. These advantages of synthetic latex polymers are anticipated to boost their adoption for paints and coatings applications. Moreover, the growing construction and automotive sectors are supporting the growth of the market. Construction and automotive industries widely use synthetic latex polymers for various applications including paints, coatings, adhesives, sealants, carpets, and nonwoven textiles. Thus, the growing construction and automotive industries augment the growth of the synthetic latex polymers market as they are the leading end-use industries.
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