합성 라텍스 폴리머 시장 예측(-2030년) : 유형, 구성, 중합 방법, 용도, 지역별 세계 분석

According to Stratistics MRC, the Global Synthetic Latex Polymers Market is accounted for $41.82 billion in 2024 and is expected to reach $55.37 billion by 2030 growing at a CAGR of 7.5% during the forecast period. Synthetic latex polymers are a group of synthetic, water-based polymers created through the polymerization of monomers to form a stable emulsion or dispersion. They are valued for their versatility, durability, and water resistance. Synthetic latex polymers provide enhanced performance compared to natural rubber latex, offering benefits such as improved stability, better control over properties, and resistance to environmental factors like UV radiation and chemicals.

According to the AGC The Construction Association, construction is the major contributor to the US economy. There were more than 9,19,000 construction establishments in the US in the first quarter of 2023.

Market Dynamics:

Driver:

Growing demand for water-based coatings

Water-based coatings, which use synthetic latex polymers as a primary binder, offer low volatile organic compound (VOC) emissions, making them more sustainable compared to solvent-based alternatives. Industries such as construction, automotive, and packaging prefer these coatings for their durability, ease of application, and environmental benefits. As governments impose stricter environmental regulations and consumers demand greener products, the shift towards water-based coatings is expected to drive the market's expansion globally.

Restraint:

Fluctuating raw material prices

Fluctuating raw material prices in synthetic latex polymers occur due to the volatility in the cost of key monomers like styrene, butadiene, and acrylates, which are derived from petroleum-based resources. These price fluctuations are influenced by global supply-demand dynamics, geopolitical factors, and oil price changes. Such instability hampers the growth of the synthetic latex polymers market by increasing production costs, leading to price unpredictability for manufacturers and end-users.

Opportunity:

Expanding construction industry

As construction activities increase, especially in emerging economies, the demand for durable, eco-friendly, and water-based products grows. Synthetic latex polymers offer properties such as flexibility, adhesion, and resistance to weathering, making them ideal for construction applications. Additionally, the trend towards sustainable and low-VOC (volatile organic compound) products in the construction industry further boosts the market, as synthetic latex polymers align with these environmental and performance requirements, fostering long-term growth.

Threat:

Competition from natural latex

Natural latex is biodegradable, renewable, and often perceived as more environmentally friendly, which makes it appealing to eco-conscious consumers. Additionally, natural latex tends to offer better elasticity and comfort, particularly in industries like healthcare and textiles. These advantages can limit the adoption of synthetic latex polymers, especially when cost-effective and sustainable alternatives are already available, restricting the market growth of synthetic latex products.

Covid-19 Impact

The covid-19 pandemic initially disrupted the synthetic latex polymers market due to supply chain interruptions, manufacturing slowdowns, and reduced demand in industries like automotive, construction, and textiles. However, the demand for medical products, such as gloves, masks, and personal protective equipment (PPE), surged, driving growth in the latex polymer sector. As economies recover, the market is rebounding, with a focus on sustainability and environmentally-friendly materials continuing to shape its future trajectory.

The emulsion polymerization segment is expected to be the largest during the forecast period

The emulsion polymerization segment is predicted to secure the largest market share throughout the forecast period. Emulsion polymerization is a key process in the production of synthetic latex polymers, where monomers are polymerized in an aqueous phase with surfactants and initiators. Emulsion polymerization offers benefits such as lower environmental impact, improved product performance, and the ability to produce a wide range of polymers with tailored properties.

The textile segment is expected to have the highest CAGR during the forecast period

The textile segment is anticipated to witness the highest CAGR during the forecast period. Synthetic latex polymers play a crucial role in textile applications, primarily as binders in nonwoven fabrics, coatings, and finishing treatments. They provide enhanced durability, flexibility, and water resistance to fabrics. Their ability to create lightweight, functional textiles has led to increased demand in the fashion, automotive, and medical industries.

Region with largest share:

Asia Pacific is expected to register the largest market share during the forecast period driven by the expanding construction, automotive, and packaging industries. Key players include BASF SE, Arkema Group, Synthomer, Dow Inc., and Wacker Chemie AG. The region's growing preference for eco-friendly, sustainable products further boosts market demand. With technological advancements and increasing industrial activities, the Asia-Pacific market is projected to grow robustly, becoming a key hub for synthetic latex polymer production and consumption.

Region with highest CAGR:

North America is expected to witness the highest CAGR over the forecast period fuelled by increasing industries such as construction, automotive, and packaging. Key players in the region include Dow Inc., BASF SE, Eastman Chemical Company, and Celanese Corporation. The market is also fueled by technological advancements and the growing focus on sustainability. As green building practices and consumer preferences for environmentally conscious products rise, the North American synthetic latex polymer market is poised for steady growth.

Key players in the market

Some of the key players profiled in the Synthetic Latex Polymers Market include BASF SE, Dow Chemical Company, Lanxess AG, Arkema Group, Asahi Kasei Corporation, Reliance Industries Limited, Covestro AG, Nippon Corporation, ExxonMobil Chemical Company, LG Chem Ltd., Sika AG, Sinopec Limited, Evonik Industries AG, Synthomer Plc, Trinseo S.A., Celanese Corporation, Wacker Chemie AG and DSM Dyneema.

Key Developments:

In April 2024, Celanese expanded its operations by starting a new VAE unit in Nanjing, China, increasing capacity by 70,000 tons. The expansion is also in line with the company's goal of sustainability by offering eco-friendly, high-performance products that are essential in the growing construction and industrial sectors.

In March 2024, Trinseo introduced LIGOS C 9484, a vinyl acrylic latex binder designed for architectural coatings. This product offers strong hiding performance, leveling properties, and excellent washability, enhancing the durability of coating applications. Its excellent leveling and washability properties enhance the overall appearance and ease of maintenance of coated surfaces.

Types Covered:

• Acrylic Latex
• Styrene-Butadiene Latex
• Vinyl Acetate-Ethylene (VAE) Latex
• Nitrile Latex
• Styrene Butadiene Rubber (SBR) Latex
• Butadiene-based Latex
• Other Types

Compositions Covered:

• Water-Based Latex Polymers
• Solvent-Based Latex Polymers
• Hybrid Latex Polymers
• Other Compositions

Polymerization Methods Covered:

• Emulsion Polymerization
• Bulk Polymerization
• Suspension Polymerization
• In-Situ Polymerization
• Solution Polymerization
• Other Polymerization Methods

Applications Covered:

• Construction
• Textile
• Healthcare
• Automotive
• Consumer Goods
• Other Applications

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Application Analysis
• 3.7 Emerging Markets
• 3.8 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Synthetic Latex Polymers Market, By Type

• 5.1 Introduction
• 5.2 Acrylic Latex
• 5.3 Styrene-Butadiene Latex
• 5.4 Vinyl Acetate-Ethylene (VAE) Latex
• 5.5 Nitrile Latex
• 5.6 Styrene Butadiene Rubber (SBR) Latex
• 5.7 Butadiene-based Latex
• 5.8 Other Types

6 Global Synthetic Latex Polymers Market, By Composition

• 6.1 Introduction
• 6.2 Water-Based Latex Polymers
• 6.3 Solvent-Based Latex Polymers
• 6.4 Hybrid Latex Polymers
• 6.5 Other Compositions

7 Global Synthetic Latex Polymers Market, By Polymerization Method

• 7.1 Introduction
• 7.2 Emulsion Polymerization
• 7.3 Bulk Polymerization
• 7.4 Suspension Polymerization
• 7.5 In-Situ Polymerization
• 7.6 Solution Polymerization
• 7.7 Other Polymerization Methods

8 Global Synthetic Latex Polymers Market, By Application

• 8.1 Introduction
• 8.2 Construction
• 8.3 Textile
• 8.4 Healthcare
• 8.5 Automotive
• 8.6 Consumer Goods
• 8.7 Other Applications

9 Global Synthetic Latex Polymers Market, By Geography

• 9.1 Introduction
• 9.2 North America
  • 9.2.1 US
  • 9.2.2 Canada
  • 9.2.3 Mexico
• 9.3 Europe
  • 9.3.1 Germany
  • 9.3.2 UK
  • 9.3.3 Italy
  • 9.3.4 France
  • 9.3.5 Spain
  • 9.3.6 Rest of Europe
• 9.4 Asia Pacific
  • 9.4.1 Japan
  • 9.4.2 China
  • 9.4.3 India
  • 9.4.4 Australia
  • 9.4.5 New Zealand
  • 9.4.6 South Korea
  • 9.4.7 Rest of Asia Pacific
• 9.5 South America
  • 9.5.1 Argentina
  • 9.5.2 Brazil
  • 9.5.3 Chile
  • 9.5.4 Rest of South America
• 9.6 Middle East & Africa
  • 9.6.1 Saudi Arabia
  • 9.6.2 UAE
  • 9.6.3 Qatar
  • 9.6.4 South Africa
  • 9.6.5 Rest of Middle East & Africa

10 Key Developments

• 10.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 10.2 Acquisitions & Mergers
• 10.3 New Product Launch
• 10.4 Expansions
• 10.5 Other Key Strategies

11 Company Profiling

• 11.1 BASF SE
• 11.2 Dow Chemical Company
• 11.3 Lanxess AG
• 11.4 Arkema Group
• 11.5 Asahi Kasei Corporation
• 11.6 Reliance Industries Limited
• 11.7 Covestro AG
• 11.8 Nippon Corporation
• 11.9 ExxonMobil Chemical Company
• 11.10 LG Chem Ltd.
• 11.11 Sika AG
• 11.12 Sinopec Limited
• 11.13 Evonik Industries AG
• 11.14 Synthomer Plc
• 11.15 Trinseo S.A.
• 11.16 Celanese Corporation
• 11.17 Wacker Chemie AG
• 11.18 DSM Dyneema