Currently, Asia Pacific leads global styrene butadiene latex market in terms of volume and revenue, pertaining to the growing carpet and paper sectors in the region. China for instance, was the largest producer and consumer of paper in 2016, which has majorly influenced the regional styrene butadiene latex industry.
Based on region, styrene butadiene latex market in LATAM is experiencing the greatest demand surge and is anticipated to grow at a CAGR of about 5% in the near future. Rising demand for textile in the region is attributed to the growing population and rising socio-economic factors, which will help propel product demand as it is used in fiber processing.
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The paper processing sector stands as one of the major application arenas of styrene butadiene latex market. The product is extensively used for paper coating in magazines, newspapers, flyers, catalogues and paper food cartons, given that it enhances the pigment’s binding ability and makes the end-product brighter, stiffer, glossier and water resistant. With rising global demands for innovative paper products and the exponential growth of the paper industry, styrene butadiene latex industry is likely to witness considerable growth prospects.
The volatility in its raw material prices is likely to be a major restraining factor for styrene butadiene latex market over the forecast spell. SB latex raw materials include styrene, butadiene, water, and emulsifiers. Styrene & butadiene are the direct by-products of crude oil, which are scarce and directly impact the latex production. However, continuous R&D activities by the market players for the unrestricted production of SB latex will have a positive impact on the styrene butadiene latex industry over the forecast span.
Based on the butadiene content, styrene butadiene latex market for the medium segment is likely to grow at a healthy CAGR in the forthcoming years. It is a soft and self-crosslinking type with low formaldehyde, excellent waterproofing properties, dry cleaning, heat, and light resistance properties, which make it usable for wide-ranging applications including paper processing of impregnated and special papers.
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Pertaining to the rising demand for latex binders in the paper, construction, and adhesives sectors, styrene butadiene latex market is expected to carve out a rather profitable growth path in the ensuing years. The product is essentially a type of emulsion polymer that has a higher crosslink density and tensile strength as compared to styrene butadiene rubber. It also exhibits other favorable qualities such as increased flexibility, resistance to oils and abrasion, lower water permeability and dimensional stability, subject to which styrene butadiene latex market outlook is forecast to witness majorly lucrative transformations over 2017-2024.
Major Point From Table Of Content:
Chapter 5. Styrene Butadiene Latex Market, By Application
5.1. Global styrene butadiene latex market share by application, 2016 & 2024
5.2. Paints & coatings
5.2.1. Market estimates and forecasts, 2013 – 2024
5.2.2. Market estimates and forecasts by region, 2013 – 2024
5.3.1. Market estimates and forecasts, 2013 – 2024
5.3.2. Market estimates and forecasts by region, 2013 – 2024
5.4. Paper processing
5.4.1. Market estimates and forecasts, 2013 – 2024
5.4.2. Market estimates and forecasts by region, 2013 – 2024
5.5. Glass fiber processing
5.5.1. Market estimates and forecasts, 2013 – 2024
5.5.2. Market estimates and forecasts by region, 2013 – 2024
5.6. Fiber processing
5.6.1. Market estimates and forecasts, 2013 – 2024
5.6.2. Market estimates and forecasts by region, 2013 – 2024
5.7. Mortar additives
5.7.1. Market estimates and forecasts, 2013 – 2024
5.7.2. Market estimates and forecasts by region, 2013 – 2024
5.8.1. Market estimates and forecasts, 2013 – 2024
5.8.2. Market estimates and forecasts by region, 2013 – 2024
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