Latex is easily found in nature, but synthetic latexes are often created by polymerizing a monomer such as styrene which has been emulsified with surfactants. The word latex is also referred to natural latex rubber, especially non-vulcanized rubber, as used in products such as latex condoms, latex gloves, and latex clothing. The synthetic latex polymers are custom formulated from various different water-based, polymers for a vast variety of applications. These polymers are man-made and are generally created to meet the unique and significant properties which are otherwise not accomplished by the natural variant. A few of the prime synthetic polymer types are acrylic latex, vinyl acrylics, polychloroprene (neoprene), polyvinyl acetate (PVA), nitrile latex, and SBR latex. The global synthetic latex polymers market is anticipated to grow at a steady CAGR of approximately 3% to 4% in the forecast period. Dwelling by a ten million dry metric ton and a US $30 billion market, this industry’s global market is fairly large.
Top Manufactures Analysis of Synthetic Latex Polymer: BASF, Celanese, DIC, Dow Chemical, Styron
Synthomer, Wacker Chemie, 3M
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A few of the key factors driving the growth of the synthetic latex polymer market are the encouraged demand for coatings, paints, adhesives and sealants owing to the recovery of the housing market on a global level. The housing market in regions like Russia, China, Luxemburg, Turkey, Columbia, Singapore, and India are experiencing extensive growth and thus propelling the demand for latex polymer based coatings and paints. Even though the European and North American markets continued to dominate the global market of synthetic latex polymers by accounting nearly 56% of the volume globally, rigid alterations are witnessed in diverse markets like India, China and Middle East. The escalated investments and reserves in the expansion of commercial infrastructure in Latin America and APAC are estimated to attribute towards the rising demand for synthetic latex polymers. There has been a general awareness about the harmful effects of Volatile Organic Compounds (VOC) which are released by the solvent-based paints and therefore synthetic latex polymer based paints are rapidly getting adopted. Furthermore, the increased stipulated requirement for synthetic latex polymers for manufacturing latex-based gloves, and bio-adhesives for the budding healthcare industry in Argentina and Brazil is also prognosticated to impel the market growth in the future.
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The Emulsion polymers are speedily substituting their solvent-based vis-à-vises owing to their eco-friendly characteristics. Many governments worldwide are accentuating on the use of emulsion polymers for industrial as well as domestic painting applications with respect to their bare-minimum VOC content. Overall the global synthetic latex polymers market has its application on several segmenst such as construction, paper, glove dipping, paints and coatings, adhesives and sealants, carpets and nonwovens, and textile. The key players of this market are BASF, Dow Chemical, Wacker Chemie, Alberdingk Boley, AP Resinas, Celanese, Synthomer, Asahi Kasei, Akzo Nobel, DIC, Styron, 3M, Asian Paints, Berkshire Hathaway, Dairen Chemical, Bayer MaterialScience, Arkema, Dow Corning, Eastman Chemical, KCK Emulsion Polymers, Hansol Chemical, Financiera Maderera, Chemec, EOC Group, Mallard Creek Polymers, Momentive Performance Materials, Nuplex Industries, Eni, Clariant, and JSR.
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