Transparency Market Research (www.transparencymarketresearch.com) has published a new report titled “Styrene Butadiene Latex Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023.” According to the report, the global styrene butadiene latex market was valued at US$ 6,809.5 Mn in 2014 and is likely to reach US$ 9,120.3 Mn in 2023, expanding at a CAGR of 3.3% between 2015 and 2023.
Browse the full Styrene Butadiene Latex Market for Paper Processing, Fiber Processing, Glass Fiber Processing, Paints & Coatings, Adhesives, Mortar Additives and Other Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023 report at https://www.transparencymarketresearch.com/styrene-butadiene-latex-market.html
The global styrene butadiene latex market demonstrates complex dynamics and its attractiveness varies with regions. Styrene butadiene latex is primarily used in applications such as paper processing, fiber processing, glass fiber processing, paints & coatings, adhesives, mortar additives, and others. Demand for styrene butadiene latex in each region depends on growth in the application segments. For instance, the coated paper market witnessed a steady decline in North America, particularly in the U.S. Hence, demand for styrene butadiene latex declined in the region.
Demand for styrene butadiene is likely to decrease in North America and Europe due to rapid decline in the demand for coated paper. Germany and Finland are major producers of paper in Europe. However, slump in the business in these countries is likely to diminish the demand for styrene butadiene latex. Although, application of styrene butadiene latex in fiber processing is better placed compared to paper processing, fiber processing application alone is unlikely to propel the market in Europe and North America.
In terms of absolute value, Asia Pacific is anticipated to dominate the global styrene butadiene market. The region accounts for nearly 45% of the global demand for styrene butadiene latex. In terms of volume, demand for styrene butadiene in China was the highest, holding more than 50% of the demand in Asia Pacific. Japan also accounted for close to 20% share of the demand followed by ASEAN region. High growth in carpet manufacturing industries and increase in the number of coated paper manufacturers in these countries have resulted in increased demand for styrene butadiene latex. In terms of growth rate, Latin America is expected to be the fastest growing region. Latin America, particularly Brazil, has witnessed growth in paper processing. This, in turn, is expected to translate into higher growth rate in Latin America.
The report provides an in-depth analysis of the styrene butadiene latex market in terms of volume (kilo tons) and revenue (US$ Mn). It includes current demand analysis and forecast for each application segment at the global and regional level. Regions analyzed include North America, Europe, Asia Pacific, Latin America (LATAM), and the Middle East and Africa (MEA). Each region is further sub-segmented into the main countries or regions. The report comprises the following segments:
Styrene Butadiene Latex Market - Application Analysis
- Paper Processing
- Fiber Processing
- Glass Fiber Processing
- Paints & Coatings
- Mortar Additives
Styrene Butadiene Latex - Regional Analysis
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East and Africa
- GCC Countries
- South Africa
- Rest of MEA
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
90 State Street, Suite 700
Albany, NY 12207
USA - Canada Toll Free: 866-552-3453