New York, July 31, 2019 (GLOBE NEWSWIRE) -- The rise in demand for synthetic polymers in coatings and paints, reduced demand for solvent-based adhesives and expansion in the electronics and construction sector have resulted in boosting synthetic latex polymer market.
The global synthetic latex polymers market is forecast to reach USD 41.07 Billion by 2026, according to a new report by Reports and Data. The synthetic latex polymers market is projected to witness a significant growth during the forecast period. Factors like the rise in demand for synthetic polymers in coatings and paints, reduced demand for solvent-based adhesives and expansion in electronics and construction sector are some of the primary factors contributing to the growth of the market. The rising demand for coatings & paints due to the expansion of different end-user industries like the automotive sector is also bolstering the growth of the market.
In the growth and expansion of the market, regional dynamics plays an integral role. In the majority of the regions, synthetic latex polymers find optimized application in paints and coatings, which is continuously driving the market. However, Southeast Asia and China are exceptions in this context. As an instance, synthetic latex polymers is extensively applied in the adhesive industry of China. The reason for the extensive use of this type of polymers in China's adhesive industry is because the region is a dominant producer of biaxially-oriented polypropylene tapes. This type of tapes requires latex polymers in high volumes. These regions hold significant opportunity for the expansion of the synthetic latex market that is needed to be tapped by its producers.
In context to region, North America holds a dominant position in the synthetic latex polymers market. Factors like high demand of paint and coating products in this region, from end-user industries like the automotive sector is contributing to the market share occupied by this region.
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Further key findings from the report suggest
To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/synthetic-latex-polymers-market
Segments covered in the report:
For the purpose of this report, Reports and Data have segmented the global synthetic latex polymers market according to Type, Raw Materials, Application, End-user, and Region:
Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026)
Raw Materials type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026)
Application Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026)
End-user Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026)
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Regional Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026)
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