Styrene Butadiene Latex Market to Witness a Pronounce Growth During 2015 – 2023

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$ 6,809.5 Mn in 2014 and is likely to reach US$ 9,120.3 Mn in 2023, expanding at a CAGR of 3.3% between 2015 and 2023.The global styrene butadiene latex market is governed by regional market dynamics and demand from the largest end-use industries, namely coated paper manufacturing and carpet manufacturing industries in the respective regions.

These end-user industries accounted for over 70% of the global styrene butadiene latex market in terms of volume in 2014. The market trends exhibited by these industries vary significantly among the developing and the developed regions. North America and Europe exhibit a declining trend, while Asia Pacific and Latin America are likely to witness robust demand in the near future.

The styrene butadiene latex market in Asia Pacific would continue to witness strong growth during the forecast period due to high demand for coated paper in the region. Demand for styrene butadiene latex in Latin America and the Middle East and Africa (MEA) is likely to increase during the forecast period. The global styrene butadiene latex market is highly fragmented, with large number of players operating in the market. Trinseo SA and BASF SE are the leaders in the 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 has been sub-segmented into the major countries or regions.

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Ganesh Rajput

As one of the lead news writers on CMFE News, Ganesh’s specialization lies in the science and technology domains. His passion for the latest developments in cloud technology, connected devices, nanotechnology, and virtual reality, among others, shines through in the most recent industry coverage he provides. Ganesh’s take on the impact of digital technologies across the science, technology, and business domains gives his writing a fresh and modern outlook.

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