Pune, India – The global synthetic latex polymers market is projected to grow at a CAGR of 4.1% over the forecast period of 2020-2026 according to Infinium Global Research.
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.
However, as synthetic latex polymers are produced by combining monomers derived from refined sources of hydrocarbons such as crude petroleum, and natural gas, the fluctuating prices of crude oil are expected to hamper the market growth for synthetic latex polymers. Nevertheless, the growing demand for electrical and electronic goods from the developing regions is anticipated to boost market growth in the future. The majority of the electrical and electronic products use synthetic latex for applications including adhesives and sealants. Thus, the growing production and sale of electrical and electronic goods in developing economies are anticipated to augment market growth in the future.
This report focuses on Synthetic Latex Polymers Market Status, Future Forecast, Growth Opportunity, Key Market, and Key Players. The Synthetic Latex Polymers Market Report. Studies various parameters, such as raw materials, cost and technology, and consumer preferences. It also provides important market credentials such as history, various spreads, and trends, and an overview of the trade, regional markets, trade, and market competitors. It covers capital, revenue, and pricing analysis by business, along with other sections such as plans, support areas, products offered by major manufacturers, alliances, and acquisitions. Headquarters delivery.
Major players are included in the Synthetic Latex Polymers market report. They are Arkema Group, Apcotex Industries Ltd, Bangkok Synthetics Co., Ltd., Celanese Corporation, Synthomer PLC, OMNOVA Solutions Inc., Lion Elastomers, LLC, Shanghai Baolijia Chemical Co., Ltd., Shanxi Sanwei Group Co, Ltd., and Sumitomo Chemical Co., Ltd.