Styrene Butadiene Latex Market in Latin America to depict remarkable growth through 2025
Date: 2020-03-11   Author: Rahul Sankrityayan  Category: #news

Styrene Butadiene Latex Market in Latin America to depict remarkable growth through 2025

Driven by extensive adoption in diverse industries, such as paper, adhesive, and sealants, paints and coatings, rubber, etc., styrene butadiene latex market has witnessed a widespread commercialization portfolio over the recent years. Rapid expansion of the education sector on a global scale is one of the chief factors propelling styrene butadiene latex industry demand. Also, growing construction industry and expanding urbanization are likely to carve a lucrative growth path for the market. Styrene butadiene latex as admixture offers essential adhesion to mortars, cement bond coats, and concrete by improving bond strength and chemical resistance. The product has been garnering massive popularity as an adhesive for construction materials to reinforce bond strength, which will further impel styrene butadiene industry demand.

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Medium butadiene content SB latex is well-suited for a broad range of applications and the segment is anticipated to witness commendable growth over the coming years. Medium butadiene SB latex is aligned with a number of superior characteristics, such as soft and self-crosslinking property, low formaldehyde content, waterproofing, heat & light resistance, and dry cleaning, which aids its deployment across numerous use cases. These properties are particularly beneficial in paper processing of impregnated and special papers.

The spiraling demand for paper from education, packaging, and other sectors has generated significant styrene butadiene latex market demand. For example, China is the largest producer, as well as consumer of paper. The country recorded paper production of over 108 million tons and consumption of over 106 million tons. Thus, flourishing paper processing industry is expected to fuel styrene butadiene latex market growth.

Low and high butadiene content styrene butadiene latex is majorly used in the production of adhesives. Adhesives and sealants are largely used in construction, automotive, paper processing, and electrical industry, which will indirectly influence styrene butadiene latex industry outlook. In 2016, styrene butadiene latex market share from adhesives application accumulated gains over $280 million and the segment is predicted to showcase similar growth patterns over the forecast period. 

Regionally, Latin America has induced considerable styrene butadiene latex industry demand, in part, due to expanding textile industry. Socio-economic development and growing population are positively impacting textile industry demand in the region. The construction industry is also expanding rapidly in the region owing to rapid urbanization and industrialization. Also, Latin America has been observing escalating demand for paper products on account of flourishing packaging industry in Mexico and Brazil, which will significantly contribute to styrene butadiene latex market size.

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Increasing demand for styrene butadiene latex in paper, construction, and other profitable industries have encouraged industry players to invest in research & development activities. Styrene butadiene latex market players are pursuing various strategies to sustain in the fierce competitive environment. For example, in 2012, Styron acquired the latex division of Dow Chemicals to retain its leadership in styrene butadiene latex industry. Some other notable companies operating in styrene butadiene latex market include Asahi Kasei Corporation, Trinseo, LG Chem, Synthomer Plc, and Synthetic Latex Pvt. Ltd. amongst others.

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Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for algosonline, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in t...

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