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NEW YORK , June 13, 2024 /PRNewswire/ -- The global styrene butadiene (SB) latex market size is estimated to grow by USD 1.50 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 3.68% during the forecast period. Growing demand for SB latex from APAC and Europe is driving market growth, with a trend towards rising preference for bio-based latexes. However, fluctuations in crude oil prices poses a challenge. Key market players include Asahi Kasei Corp., BASF SE, Dow Chemical Co., EcoSynthetix Inc., Fosroc International Ltd., General Industrial Polymers, Hansol Holdings, JSR Corp., Jubilant Industries Ltd., Kumho Petrochemical Co. Ltd., Lanxess AG, LG Chem Ltd., Mallard Creek Polymers, MCTRON Inc., NANTEX INDUSTRY Co. Ltd., Rishiroop Polymers Pvt. Ltd., RPM International Inc., S.R. Chemical, Synthomer Plc, and Trinseo PLC. Natural Rubber Malaysia
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Type (Low, Medium, and High), Application (Paper processing, Fiber and carpet processing, Glass fiber adhesives, Adhesives, and Others), and Geography (APAC, Europe, North America, Middle East and Africa, and South America)
APAC, Europe, North America, Middle East and Africa, and South America
Asahi Kasei Corp., BASF SE, Dow Chemical Co., EcoSynthetix Inc., Fosroc International Ltd., General Industrial Polymers, Hansol Holdings, JSR Corp., Jubilant Industries Ltd., Kumho Petrochemical Co. Ltd., Lanxess AG, LG Chem Ltd., Mallard Creek Polymers, MCTRON Inc., NANTEX INDUSTRY Co. Ltd., Rishiroop Polymers Pvt. Ltd., RPM International Inc., S.R. Chemical, Synthomer Plc, and Trinseo PLC
Key Market Trends Fueling Growth
The demand for bio-based latexes, such as starch-derived latex, is increasing due to concerns about synthetic latex materials and price fluctuations in styrene and butadiene. Paper companies are seeking alternatives to petroleum-derived latex for manufacturing paper and paperboard. Bio-based latex, like EcoSynthetix Inc.'s EcoSphere binders, consumes less energy and reduces carbon footprint by up to 67%. This shift to bio-based latex may negatively impact the global SB latex market during the forecast period.
The Styrene Butadiene (SB) latex market is currently experiencing significant growth. Producers are focusing on increasing capacity and improving production processes to meet rising demand. Coating and adhesives are the primary applications for SB latex. In the coming years, the trend is expected to continue with a strong focus on sustainability and eco-friendliness.
Carboxylated and acrylic-modified SB latex are gaining popularity due to their superior performance and environmental benefits. The market is also witnessing increased demand from the automotive and construction industries. Additionally, the use of SB latex in textiles and fibers is on the rise, providing new opportunities for market expansion. Overall, the SB latex market is poised for continued growth and innovation.
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1.1 Low- The Styrene Butadiene (SB) latex market experiences growth due to the rising demand for products made with low butadiene SB latex. This type of latex offers enhanced chemical and UV resistance, durability, and improved mechanical properties, making it suitable for industries prioritizing strength and sustainability. By minimizing hydrocarbon compound use, this latex contributes to lowering Volatile Organic Compound (VOC) emissions and enhancing environmental footprints.
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The Styrene Butadiene (SB) Latex market is a significant segment in the adhesives, coatings, and sealants industry. SB Latex is derived from the polymerization reaction of Butadiene and Styrene monomers, serving as a crucial feedstock in various applications. In the Carpet industry, SB Latex is employed as an essential component in the production of pressure-sensitive adhesives. Meanwhile, in the Adhesives industry, it is used as an emulsifier in the impregnation process.
In the Paper processing segment, SB Latex is utilized in paper coatings to enhance their properties, such as plasticity and fiber processing. Glass fiber processing also benefits from SB Latex, as it acts as a bonding agent during the manufacturing process. Furthermore, in the Paints and coatings sector, SB Latex is used as a raw material due to its excellent adhesion properties.
Refrigeration equipment is essential in the production of SB Latex, as the polymerization reaction requires controlled temperatures. Carboxylic acids are sometimes used as catalysts in the polymerization process to improve the reaction rate and product quality. Overall, the Styrene Butadiene Latex market plays a vital role in various industries, including the Carpet and Adhesives industries, as well as the Paper and Paints and coatings sectors.
The Styrene Butadiene (SB) Latex market refers to the production and sale of styrene butadiene rubber, which is a type of elastomer used in the manufacturing of latex. This elastomer is produced through the polymerization of styrene and butadiene monomers. The SB latex market is significant due to its wide range of applications in various industries, including automotive, construction, consumer goods, and healthcare.
The demand for SB latex is driven by its excellent properties such as high tensile strength, elasticity, and resistance to oil, heat, and cold. The production process involves the emulsion polymerization of styrene and butadiene monomers, resulting in latex particles that can be coagulated to form rubber. The global SB latex market is expected to grow due to increasing demand for rubber products in various end-use industries.
1 Executive Summary 2 Market Landscape 3 Market Sizing 4 Historic Market Size 5 Five Forces Analysis 6 Market Segmentation
7 Customer Landscape 8 Geographic Landscape 9 Drivers, Challenges, and Trends 10 Company Landscape 11 Company Analysis 12 Appendix
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
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