The styrene butadiene latex is a type of emulsion polymer that contains butadiene and styrene. Different types of raw material are needed for the manufacturing of styrene butadiene latex such as butadiene, styrene, emulsifier, and water. In addition, latex is generally produced through cold process for which well-organized refrigeration equipment is required and while composition of styrene butadiene latex, styrene content is higher than butadiene. Styrene butadiene latex used in various applications such as fiber processing, paper processing, paints and coatings, glass fiber processing, and others.
Growing demand for moisture-proof paper, release paper, and other product packaging paper across the globe is main reason for high growth of the styrene butadiene latex globally. In addition, rising adoption of styrene butadiene latex for paints manufacturing process due to benefits associated with it such as heat sensitivity, performance, and self-repairing ability. This is another factors helps to support the high growth of the target product across the globe.
Increasing production of high-quality coated paperboards and paper, fabrics resulting in growing demand for styrene butadiene latex across the globe. In addition, rising use of styrene butadiene latex as a binder in the production of packaging paper and pigmented/ coated paper. These are other factors that help for the growth of the styrene butadiene latex in developed and developing countries.
Furthermore, a rising ban on plastic bags resulting in increasing demand for paperboard and paper packaging across the globe this is another important factor that helps to support growth of the target market. Increasing adoption of styrene butadiene latex in many applications such as coatings and paints, mortar additives, glass fiber processing, adhesives, and others. Also, rising adoption of styrene butadiene latex for manufacturing of tufted carpet in carpet industry. These are other important reasons for high growth of the target product across the globe.
Moreover, its rising demand for different applications in several industries such as construction, automobile, and electrical industries this helps to support growth of the target market in the near future.
$ 7,659.1 Mn
- By Type
- By Region
- By Application
$ XXXX Mn
However, changing raw material prices is main reason for reducing the growth of the target product across the globe.
Paper processing segment will register significant revenue growth in the global styrene butadiene latex market, owing to high adoption of styrene butadiene latex in paper industry and growing production of moisture-proof paper, coated paper, and others.
High adoption of styrene butadiene latex in many industries and high production of packaging paper and coated paper in countries such as US and Canada in the North America region will register for high growth of the styrene butadiene latex. Expanding paper, electric, automobile, and construction industries in countries such as Japan, China, and India in the Asia Pacific region will support the high growth of the styrene butadiene latex market. Increasing penetration of folding cartons, packaging papers in countries such as Brazil, Mexico, Israel, and South Africa in Middle East & Africa and Latin America regions.
Prominent players operating in the global styrene butadiene latex market including, Synthomer, Trinseo, Dow Chemical Company, BASF SE, Mallard Creek Polymers, Ultrapave Latex Polymers, Euclid Chemical Company, and U.S. Adhesive.