Transparency Market Research 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.
The global styrene butadiene latex market is governed by regional market dynamics and demand from the largest end-use industries, namely coated paper manufacturing and carpet manufacturing industries in the respective regions. These end-use industries accounted for over 70% of the global styrene butadiene latex market in terms of volume in 2014. The market trends exhibited by these industries vary significantly among the developing and the developed regions. North America and Europe exhibit a declining trend, while Asia Pacific and Latin America are likely to witness robust demand in the near future.
Asia Pacific holds the largest share of the global styrene butadiene latex market in terms of both production and demand. Asia Pacific, particularly China, is the major producer and consumer of styrene butadiene latex. The coated paper industry has witnessed strong growth in the region in the past few years. Presently, China is a net importer of paper, which augurs well for the future growth of the industry in the country. The region accounted for around 45% of the global demand in 2014. Europe and North America accounted for the second and third largest shares, respectively, in 2014. However, demand for styrene butadiene latex in these two regions is likely to decline primarily due to the adverse business climate for the coated paper market. Several coated paper manufacturers have shut down production due to the lack of end-use demand. Lack of demand for coated papers has adversely affected demand for styrene butadiene latex in North America and Europe. Carpet backing is another important application of styrene butadiene latex. It accounts for a significant share of the global market. Styrene butadiene latex is anticipated to witness sustained demand in carpet backing despite the decline in demand from coated paper manufacturers.
The styrene butadiene latex market in Asia Pacific would continue to witness strong growth during the forecast period due to high demand for coated paper in the region. Demand for styrene butadiene latex in Latin America and the Middle East and Africa (MEA) is likely to increase during the forecast period. The global styrene butadiene latex market is highly fragmented, with large number of players operating in the market. Trinseo SA and BASF SE are the market leaders in the styrene butadiene latex market.
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 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 has been sub-segmented into the main countries or regions. The styrene butadiene latex market 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
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