Lucintel’s latest market report analyzed that synthetic latex polymer provides attractive opportunities in the paint & coating, adhesive & sealant, paper & paperboard, carpet, and nonwoven applications. The synthetic latex polymer market is expected to reach $43.8 billion by 2028 with a CAGR of 4.6%. In this market, styrene acrylics is the largest segment by product type, whereas Paints & coatings is largest by application.
Based on product type, the synthetic latex polymer market is segmented into styrene acrylics, acrylics, styrene butadiene, vinyl acetate ethylene, polyvinyl acetate, and vinyl acetate copolymer. The styrene acrylics segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to substantial use of this polymer in architectural coatings, roof coatings, and binders.
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The Synthetic Latex Polymer Market is marked by the presence of several big and small players. Some of the prominent players offering synthetic latex polymer include Arkema Group, ARLANXEO, Asahi Kasei, BASF, and Celanese.
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