Although the market for synthetic latex polymers in Europe is expected to grow at a modest CAGR of 0.9% through 2014, it continued to demonstrate a declining trend in 2009 due to significant contraction in major end-use markets. The total market was estimated at 2.5 million dry tonnes in 2009.
The impact of the recession on key end-use markets has sent the demand for synthetic latex polymers into an overall decline; however, regional response to the financial downturn has not been uniform. Whereas the effects of the crisis have been more severe among the economies of Western Europe, several new Eastern European EU member states have seen less negative impact.
