LONDON--(BUSINESS WIRE)--The global styrene butadiene (SB) latex market is expected to post a CAGR of almost 2% during the period 2019-2023, according to the latest market research report by Technavio. Request a free sample report
Paper processing is the largest end-user application for SB latex. SB latex is widely used as a binder for coated/pigmented paper and paperboard coatings. Over recent years, the paper industry has increased the use of SB latex owing to the growing demand for coated, moisture-proof paper, and release paper. In addition, the ban on plastic bags across the world is expected to further increase the demand for such paper products. These factors will have a positive impact on the growth of the global styrene butadiene latex market during the forecast period.
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As per Technavio, the increasing demand for emulsion polymers will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.
Global Styrene Butadiene (SB) Latex Market: Increasing Demand for Emulsion Polymers
Emulsion polymers such as SB latex are increasingly being used in various applications such as paints and coatings, adhesives and sealants, and paper and paperboard manufacturing. This is due to the low VOC emission and absence of flammable constituents. The growing demand for high-quality coated paper, paperboards, and fabrics has increased the use of SB latex emulsion polymers.
“The rising preference for bio-based latex and the shift in feedstock type are some other major factors that will boost market growth during the forecast period,” says a senior analyst at Technavio.
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Global Styrene Butadiene (SB) Latex Market: Segmentation Analysis
This market report segments the global styrene butadiene (SB) latex market by application (paper processing, fiber and carpet processing, glass fiber processing, adhesives, and others) and geography (APAC, Europe, MEA, North America, and South America).
The APAC region led the market in 2018, followed by Europe, North America, MEA, and South America respectively. During the forecast period, the APAC region is expected to maintain its dominance over the global market. This is due to the growth of various end-user industries such as construction, pulp and paper, paints and coatings, and packaging in the region.
Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market definition
- Market size and forecast
Five Forces Analysis
- Geographic comparison
- Key leading countries
- Landscape disruption
- Competitive scenario
- Vendors covered
- Vendor classification
- Market positioning of vendors
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