Latest TMR Report Explores Impact of COVID-19 Outbreak on Styrene Butadiene Latex Market
The most recurring trend within the global styrene butadiene latex market is the bid of smaller players to partner or collaborate with larger firms. However, most partnership proposals by small vendors are expected to be turned down by the leading players. Strategic alliances, on the other hand, could be embraced by the leading players who want to expand their geographical presence. Some of the key players in the global styrene butadiene latex market are Dow Chemical Company, BASF S.E., Trinseo S.A., Synthomer Plc, Synthetic Latex Company (Pty) Ltd, LG Chem Ltd., and NANTEX Industry Co., Ltd.
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Transparency Market Research (TMR) predicts that the global styrene butadiene latex market would expand at a steady CAGR of 3.30% over the period between 2015 and 2023, finds Transparency Market Research (TMR). On the basis of application, the use of styrene butadiene latex in the manufacturing sector has increased in recent times. Based on geography, the styrene butadiene latex market in Asia Pacific could expand at a stellar pace.
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Resemblance of Styrene Butadiene Latex to Natural Rubber
Styrene butadiene latex is the closest alternative to natural rubber, and this factor has played a vital role in the growth of the global market. Furthermore, the popularity of pneumatic tyres that use styrene butadiene latex has also given a strong push to the growth bar of the market. Application of styrene butadiene latex in the manufacture of shoe heels and chewing gums has also emerged as a key dynamic of market growth. Moreover, cement-based structures are often stabilized with the use of styrene butadiene latex which has also driven market demand.
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Global styrene butadiene latex market segmentation:
Styrene Butadiene Latex Market – Application Analysis
- Paper Processing
- Fiber Processing
- Glass Fiber Processing
- Paints & Coatings
- Adhesives
- Mortar Additives
- Others
Styrene Butadiene Latex – Regional Analysis
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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