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Synthetic Latex Polymers Market By Type, By Raw Materials, By End-users, By Application And Segment Forecasts, 2016�2026

Synthetic Latex Polymers Market By Type, By Raw Materials, By End-users, By Application And Segment Forecasts, 2016�2026

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WMR-Western Market Research has recently published a comprehensive and exclusive research report, which is an intelligent study covering all key segments. This research report provides breakthrough inputs and insights on market related factors like size, competition, trends, analysis, forecasts etc. The study encompasses primary and secondary data sources along with quantitative and qualitative practices thus assuring data accuracy.
The Global synthetic latex polymers market is forecast to reach USD 41.07 Billion by 2026, according to a new report by Research Genics. Butadiene and Styrene are the two main components required for manufacturing synthetic latex polymers along with additional ingredients like sulfur. As compared to natural latex and its products, synthetic latex polymers find high acceptance and application among end-user industries. During the forecast period, the synthetic latex polymers market is projected to witness a significant growth rate. One of the mentionable factors propelling the growth of this market is the rise in construction activities. In this regard, the applicability of synthetic latex polymers in various construction activities like decorative coatings in the architecture of a building, implementation in construction products like ceramic titles, elastomeric roof coatings, and putties have increased in acceptance in the construction industry. The high applicability of synthetic latex polymers in the construction industry is an integral factor for spurring the growth of the market.In addition to the factors mentioned above, there are certain traits of synthetic latex polymers that have resulted in its extensive application in a varied end-use industries. This type of latex polymers has great crosslink density, which provides it with high strength and toughness. Due to its high strength and toughness, synthetic latex polymers is widely applicable in end-user industries like the automotive and electronics sectors. Its multiple uses in a wide number of end-user industries augment the growth of the market.

In spite of the varied advantages and application of synthetic latex polymer, factors like the volatile price of crude oil and reduced demand for paper and paper products may negatively impact the growth of the market.

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In context to region, Asia Pacific is leading the synthetic latex polymers market. Factors like high demand of synthetic latex polymers, consumption of synthetic latex polymers, and the presence of leading manufacturers in this region contribute to its market share. BASF, Wacker Chemie, Synthomer, Dow, Celanese, Arkema Group, Asahi Kasei, ARLANXEO, Trinseo, and OMNOVA Solutions.

The companies have emphasized on different strategies like acquisitions, mergers, for retaining their present market presence and make further expansions.

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