Global SBR Latex Market is valued at USD 8572.10 Million in 2021 and is expected to reach USD 11076.89 Million by 2028 with a CAGR of 3.73% over the forecast period.
SBR Latex Market applies the most effective of each primary and secondary analysis to weighs upon the competitive landscape and also the outstanding market players expected to dominate SBR Latex Market place for the forecast 2022– 2028. Styrene-butadiene rubber is derived from the styrene and butadiene. From the styrene-butadiene rubber more than 50% car tires are made. Additionally, it has good abrasion resistance and good aging stability when protected by additives. It is the most common type of styrene-butadiene emulsion polymer. It has different applications like, used as an additive for cement mortar and water, floor topping and screeds etc. Moreover, styrene-butadiene latexes are also used in carpet backing, paper coatings, paints, and floor polishes, plus many other uses. Additionally, in the coating in paper product, styrene-butadiene rubber latex is used for magazines, flyers, catalogues and paperboard product. Moreover, the SBR latex powder makes paper smoother, stiffer, brighter and water resistant. Thus, its increasing application in various industries is one of the major factors driving the market growth.
On the basis of applications, the SBR latex market is segmented into paper processing, fiber & carpet processing, glass fiber processing, paints & coatings, adhesives, mortar additives, foams & mattresses and other applications. Application segment of the SBR latex market is dominated by paper processing with a largest market share of 38.4% in 2018 owing to different industries is increasingly adopted paints & coatings and paper industry that can use for magazines, flyers, catalogues and paperboard product.
|Historical data||2018 - 2021|
|Forecast Period||2021 - 2028|
|Market Size in 2021:||USD 8572.10 Million|
|Base year considered||2021|
|Forecast Period CAGR %:||3.73%|
|Market Size Expected in 2028:||USD 11076.89 Million|
|Tables, Charts & Figures:||175|
|Key Players/Companies||Synthomer, Trinseo, Dow Chemical Company, BASF SE, Mallard Creek Polymers, Ultrapave Latex Polymers, Euclid Chemical Company, U.S. Adhesiv|
|Segments Covered||By Types, By Application, By End-User.|
|Regional Analysis||North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa|