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Global Styrene Butadiene Latex Market to Reach USD 9.12 Bn in 2023: Transparency Market Research

Published on 2015-06-12. Author : SpecialChem

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$ 6.81 Bn in 2014 and is likely to reach US$ 9.12 Bn in 2023, expanding at a CAGR of 3.3% between 2015 and 2023.

Styrene butadiene latex is a downstream derivative of crude oil that comprises styrene and butadiene. The composition of styrene butadiene latex varies depending on the proportion of styrene and butadiene. Higher content of styrene imparts plasticity to the styrene butadiene latex. This latex finds end-user applications in a variety of industries. It is used in paper processing application for the manufacture of coated paper.

Pretreatment of styrene butadiene latex offers opacity, smoothness, gloss, brightness, and printability to coated paper.

In terms of application, the styrene butadiene latex market can be segmented into paper processing, fiber processing, glass fiber processing, paints & coatings, adhesives, mortar additives, and others. Paper processing and fiber processing applications of styrene butadiene latex account for over 70% of the global styrene butadiene latex consumption. Styrene butadiene latex is used to manufacture coated paper which is widely used are used in various applications such as advertising flyers, magazines, and catalogues. Styrene butadiene latex is used in carpet backing system. It acts as the base for the carpet on which tufts are placed.

In terms of demand, Asia Pacific accounted for the largest share of the global styrene butadiene latex market in 2014 due to high consumption in countries such as China and Japan. Asia Pacific was followed by Europe and North America, which held the second and third largest share, respectively, in 2014. Asia Pacific is likely to witness significant growth during the forecast period due to high demand for coated paper. This, in turn, is estimated to fuel the demand for styrene butadiene in the region. Demand for styrene butadiene latex in Latin America and the Middle East & Africa (MEA) is anticipated to increase during the forecast period. The styrene butadiene latex market is highly fragmented in nature with numerous players operating in the market. Among them, Trinseo SA and BASF S.E. constitute major share of the global styrene butadiene latex market.

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 is further sub-segmented into the main countries or regions.

The report comprises the following segments:
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
o U.S.
o Rest of North America
• Europe
o Germany
o U.K.
o France
o Spain
o Italy
o Finland
o Rest of Europe
• Asia Pacific
o China
o Japan
o ASEAN
o Rest of APAC
• Latin America
o Brazil
o Rest of LATAM
• Middle East and Africa
o GCC Countries
o South Africa
o Rest of MEA

About TMR

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Source: TMR
 


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