The potential growth difference for the styrene-butadiene (SB) latex market between 2021 and 2026 is USD 1.15 billion. To get the exact yearly growth variance and the Y-O-Y growth rate, Talk to our analyst.
Key Market Dynamics:
- Market Driver - The key factors driving the global styrene-butadiene (SB) latex industry growth is the growth in demand from APAC and Europe, owing to the high demand for paper and paperboard, adhesives, carpets, and fibers in the construction and packaging industries. Moreover, the ban on plastic bags in European and APAC countries is boosting the consumption of cardboard and paper for packaging. EU aims to reduce the consumption of single-use and short-lived plastic by 20% by 2025, thereby encouraging the use of paper and paperboard for packaging. In the EU, Belgium is the leader in the carpet industry, followed by the Netherlands. SB latex back coatings enhance the performance of carpets, improve stability, and resist tuft loss at the cut edges of the carpets. Moreover, the increasing demand for pressure-sensitive adhesives, mortar additives, paints, and coatings from the construction industry will further boost the consumption of SB latex in the forecast period.
- Market Challenges - The key challenge to the global styrene butadiene latex industry growth is the rising preference for bio-based latexes. As the key raw materials used in the production of SB latex (styrene and butadiene) are petroleum products, fluctuations in crude oil prices affect their prices. For instance, in 2020, the average price of ethylene worldwide accounted for around USD 697 per metric ton. As of July 2021, the average price for that year rose to USD 1,014 per metric ton, an increase of more than 45% when compared to the previous year. An increase in crude oil prices reduces drilling activities, which results in a demand-supply imbalance for key petroleum-based raw materials. Owing to the resultant rise in raw material prices, manufacturers undertake cost-cutting measures, such as workforce layoffs, production shutdown, or production capacity reduction. Such factors will limit the market growth in the forecast period.
To learn about additional key drivers, trends, and challenges - Read our FREE Sample Report right now!
Segmentation Analysis
The styrene-butadiene (SB) latex market report is segmented by Application (Paper processing, Fiber and carpet processing, Glass fiber adhesives, Adhesives, and Others) and Geography (APAC, Europe, North America, Middle East, Africa, and South America).
The styrene-butadiene (SB) latex market share growth in the paper processing segment will be significant for revenue generation. The growth is attributed to the use of SB latex in the processing and production of different types of papers, which include specialized paper, moisture-proof paper, and coated/pigmented paper. SB latex is also used in the manufacturing of paperboard coatings.
View our sample report for additional insights into the contribution of all the segments
Some Companies Mentioned
The styrene-butadiene (SB) latex market is fragmented and the vendors are deploying growth strategies such as product innovation to compete in the market.
·
- Asahi Kasei Corp.
- BASF SE
- The Dow Chemical Co.
- EcoSynthetix Inc.
- General Industrial Polymers
- HANSOLCHEMICAL
- JSR Corp.
- Kumho Petrochemical Co. Ltd.
- LANXESS AG
- Mallard Creek Polymers
- MCTRON Inc.
- NANTEX Industry Co. Ltd.
- NISCHINTH
- Rishiroop Polymers Pvt. Ltd.
- RPM International Inc.
- Synthomer Plc
- Trinseo PLC
- LG Chem Ltd.
- To gain access to more vendor profiles with their key offerings available with Technavio, Click Here
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Styrene Butadiene (SB) Latex Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 3.04% |
Market growth 2022-2026 |
USD 1.15 billion |
Market structure |
Fragmented |
YoY growth (%) |
2.45 |
Performing market contribution |
APAC at 53% |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
Asahi Kasei Corp., BASF SE, The Dow Chemical Co., EcoSynthetix Inc., General Industrial Polymers, HANSOLCHEMICAL, JSR Corp., Kumho Petrochemical Co. Ltd., LANXESS AG, Mallard Creek Polymers, MCTRON Inc., NANTEX Industry Co. Ltd., NISCHINTH, Rishiroop Polymers Pvt. Ltd., RPM International Inc., Synthomer Plc, Trinseo PLC, and LG Chem Ltd. |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Key Topics Covered:
1. Executive Summary
2. Market Landscape
2.1 Market ecosystem
Exhibit 01: Parent market
2.2: Market Characteristics
Exhibit 02: Market Characteristics
3. Market Sizing
3.1 Market definition
Exhibit 03: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 04: Market segments
3.3 Market size 2020
3.4 Market outlook: Forecast for 2020 - 2025
Exhibit 05: Chart on Global - Market size and forecast 2021-2026 ($ million)
Exhibit 06: Data Table on Global - Market size and forecast 2021-2026 ($ million)
Exhibit 07: Chart on Global Market: Year-over-year growth 2021-2026 (%)
Exhibit 08: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
4. Five Forces Analysis
4.1 Five Forces Summary
Exhibit 09: Five forces analysis 2020 & 2025
4.2 Bargaining power of buyers
Exhibit 10: Bargaining power of buyers
4.3 Bargaining power of suppliers
Exhibit 11: Bargaining power of suppliers
4.4 Threat of new entrants
Exhibit 12: Threat of new entrants
4.5 Threat of substitutes
Exhibit 13: Threat of substitutes
4.6 Threat of rivalry
Exhibit 14: Threat of rivalry
4.7 Market condition
Exhibit 15: Market condition - Five forces 2020
5 Market Segmentation by Application
5.1 Market segments
The segments covered in this chapter are Paper processing, Fiber and carpet processing , Glass fiber adhesives, Adhesives, and Others.
Exhibit 16: Chart on Application - Market share 2021-2026 (%)
Exhibit 17: Data Table on Application - Market share 2021-2026 (%)
5.2 Comparison by Application
Exhibit 18: Chart on Comparison by Application
Exhibit 19: Data Table on Comparison by Application
5.3 Paper processing - Market size and forecast 2021-2026
Exhibit 20: Chart on Paper processing - Market size and forecast 2021-2026 ($ million)
Exhibit 21: Data Table on Paper processing - Market size and forecast 2021-2026 ($ million)
Exhibit 22: Chart on Paper processing - Year-over-year growth 2021-2026 (%)
Exhibit 23: Data Table on Paper processing - Year-over-year growth 2021-2026 (%)
5.4 Fiber and carpet processing - Market size and forecast 2021-2026
Exhibit 24: Chart on Fiber and carpet processing - Market size and forecast 2021-2026 ($ million)
Exhibit 25: Data Table on Fiber and carpet processing - Market size and forecast 2021-2026 ($ million)
Exhibit 26: Chart on Fiber and carpet processing - Year-over-year growth 2021-2026 (%)
Exhibit 27: Data Table on Fiber and carpet processing - Year-over-year growth 2021-2026 (%)
5.5 Glass fiber adhesives - Market size and forecast 2021-2026
Exhibit 28: Chart on Glass fiber adhesives - Market size and forecast 2021-2026 ($ million)
Exhibit 29: Data Table on Glass fiber adhesives - Market size and forecast 2021-2026 ($ million)
Exhibit 30: Chart on Glass fiber adhesives - Year-over-year growth 2021-2026 (%)
Exhibit 31: Data Table on Glass fiber adhesives - Year-over-year growth 2021-2026 (%)
5.6 Adhesives - Market size and forecast 2021-2026
Exhibit 32: Chart on Adhesives - Market size and forecast 2021-2026 ($ million)
Exhibit 33: Data Table on Adhesives - Market size and forecast 2021-2026 ($ million)
Exhibit 34: Chart on Adhesives - Year-over-year growth 2021-2026 (%)
Exhibit 35: Data Table on Adhesives - Year-over-year growth 2021-2026 (%)
5.7 Others - Market size and forecast 2021-2026
Exhibit 36: Chart on Others - Market size and forecast 2021-2026 ($ million)
Exhibit 37: Data Table on Others - Market size and forecast 2021-2026 ($ million)
Exhibit 38: Chart on Others - Year-over-year growth 2021-2026 (%)
Exhibit 39: Data Table on Others - Year-over-year growth 2021-2026 (%)
5.8 Market opportunity by Application
Exhibit 40: Market opportunity by Application ($ million)
6 Customer Landscape
6.1 Customer landscape overview
Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
7 Geographic Landscape
7.1 Geographic segmentation
Exhibit 42: Chart on Market share by geography 2021-2026 (%)
Exhibit 43: Data Table on Market share by geography 2021-2026 (%)
7.2 Geographic comparison
Exhibit 44: Chart on Geographic comparison
Exhibit 45: Data Table on Geographic comparison
7.3 APAC - Market size and forecast 2021-2026
Exhibit 46: Chart on APAC - Market size and forecast 2021-2026 ($ million)
Exhibit 47: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
Exhibit 48: Chart on APAC - Year-over-year growth 2021-2026 (%)
Exhibit 49: Data Table on APAC - Year-over-year growth 2021-2026 (%)
7.4 Europe - Market size and forecast 2021-2026
Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ million)
Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)
7.5 North America - Market size and forecast 2021-2026
Exhibit 54: Chart on North America - Market size and forecast 2021-2026 ($ million)
Exhibit 55: Data Table on North America - Market size and forecast 2021-2026 ($ million)
Exhibit 56: Chart on North America - Year-over-year growth 2021-2026 (%)
Exhibit 57: Data Table on North America - Year-over-year growth 2021-2026 (%)
7.6 Middle East and Africa - Market size and forecast 2021-2026
Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
7.7 South America - Market size and forecast 2021-2026
Exhibit 62: Chart on South America - Market size and forecast 2021-2026 ($ million)
Exhibit 63: Data Table on South America - Market size and forecast 2021-2026 ($ million)
Exhibit 64: Chart on South America - Year-over-year growth 2021-2026 (%)
Exhibit 65: Data Table on South America - Year-over-year growth 2021-2026 (%)
7.8 China - Market size and forecast 2021-2026
Exhibit 66: Chart on China - Market size and forecast 2021-2026 ($ million)
Exhibit 67: Data Table on China - Market size and forecast 2021-2026 ($ million)
Exhibit 68: Chart on China - Year-over-year growth 2021-2026 (%)
Exhibit 69: Data Table on China - Year-over-year growth 2021-2026 (%)
7.9 US - Market size and forecast 2021-2026
Exhibit 70: Chart on US - Market size and forecast 2021-2026 ($ million)
Exhibit 71: Data Table on US - Market size and forecast 2021-2026 ($ million)
Exhibit 72: Chart on US - Year-over-year growth 2021-2026 (%)
Exhibit 73: Data Table on US - Year-over-year growth 2021-2026 (%)
7.10 Germany - Market size and forecast 2021-2026
Exhibit 74: Chart on Germany - Market size and forecast 2021-2026 ($ million)
Exhibit 75: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
Exhibit 76: Chart on Germany - Year-over-year growth 2021-2026 (%)
Exhibit 77: Data Table on Germany - Year-over-year growth 2021-2026 (%)
7.11 Japan - Market size and forecast 2021-2026
Exhibit 78: Chart on Japan - Market size and forecast 2021-2026 ($ million)
Exhibit 79: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
Exhibit 80 Chart on Japan - Year-over-year growth 2021-2026 (%)
Exhibit 81: Data Table on Japan - Year-over-year growth 2021-2026 (%)
7.12 South Korea - Market size and forecast 2021-2026
Exhibit 82: Chart on South Korea - Market size and forecast 2021-2026 ($ million)
Exhibit 83: Data Table on South Korea - Market size and forecast 2021-2026 ($ million)
Exhibit 84: Chart on South Korea - Year-over-year growth 2021-2026 (%)
Exhibit 85: Data Table on South Korea - Year-over-year growth 2021-2026 (%)
7.13 Market opportunity by geography
Exhibit 86: Market opportunity by geography ($ million)
8 Drivers, Challenges, and Trends
8.1 Market drivers
8.1.1 Growth in demand from APAC and Europe
8.1.2 Increase in demand from paper and paperboard packaging industry
8.1.3 Rise in use of SB latex in numerous end-user applications
8.2 Market challenges
8.2.1 Rising preference for bio-based latexes
8.2.2 Increasing demand for emulsion polymers
8.2.3 Shift in feedstock type
8.3 Impact of drivers and challenges
Exhibit 87: Impact of drivers and challenges in 2021 and 2026
8.4 Market trends
8.4.1 Rising preference for bio-based latexes
8.4.2 Increasing demand for emulsion polymers
8.4.3 Shift in feedstock type
9. Vendor Landscape
9.1 Competitive scenario
9.2 Vendor landscape
Exhibit 88: Vendor Landscape
9.3 Landscape disruption
Exhibit 89: Landscape disruption
9.4 Industry risks
Exhibit 90: Industry risks
10. Vendor Analysis
10.1 Vendors covered
Exhibit 91: Vendors covered
10.2 Market positioning of vendors
Exhibit 92: Matrix on vendor position and classification
10.3 Asahi Kasei Corp.
Exhibit 93: Asahi Kasei Corp. - Overview
Exhibit 94: Asahi Kasei Corp. - Business segments
Exhibit 95: Asahi Kasei Corp. - Key news
Exhibit 96: Asahi Kasei Corp. - Key offerings
Exhibit 97: Asahi Kasei Corp. - Segment focus
10.4 BASF SE
Exhibit 98: BASF SE - Overview
Exhibit 99: BASF SE - Business segments
Exhibit 100: BASF SE - Key news
Exhibit 101: BASF SE - Key offerings
Exhibit 102: BASF SE - Segment focus
10.5 The Dow Chemical Co.
Exhibit 103: The Dow Chemical Co. - Overview
Exhibit 104: The Dow Chemical Co. - Business segments
Exhibit 105: The Dow Chemical Co. - Key offerings
Exhibit 106: The Dow Chemical Co. - Segment focus
10.6 LANXESS AG
Exhibit 107: LANXESS AG - Overview
Exhibit 108: LANXESS AG - Business segments
Exhibit 109: LANXESS AG - Key offerings
Exhibit 110: LANXESS AG - Segment focus
10.7 LG Chem Ltd.
Exhibit 111: LG Chem Ltd. - Overview
Exhibit 112: LG Chem Ltd. - Business segments
Exhibit 113: LG Chem Ltd. - Key news
Exhibit 114: LG Chem Ltd. - Key offerings
Exhibit 115: LG Chem Ltd. - Segment focus
10.8 Mallard Creek Polymers
Exhibit 116: Mallard Creek Polymers - Overview
Exhibit 117: Mallard Creek Polymers - Product / Service
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