Synthetic latex polymers are essential components of many consumer and industrial products. These polymers are governed by several different application markets, ranging from paints, adhesives, and construction to tires, leather, and more. The synthetic latex polymers market, as studied by Kline for close to 50 years, broadly depends on a combination of industrial output trends and consumer market trends in each country or region. More specifically, their markets in individual applications depend on end-use industry factors.
The market of synthetic latex polymers assumes a unique set of characteristics in every geography, from performance of the economy, purchasing power of the population, and industrialization to demand patterns, competition from alternate technologies, and performance of the polymers in specific end uses.
North America and China both represent the largest markets of synthetic latex polymers by volume, each accounting for an approximate 25% share of global consumption. Meanwhile, India, which has a much smaller share of around 5% of global consumption, is the fastest-growing market for synthetic latex polymers in the world. It is these three key geographical markets of North America, China, and India that Kline studies in depth this year in its continuous Synthetic Latex Polymers Global Series: Business Analysis and Opportunities program.Continue reading
Accounting for around 7.5% of the global market share, Southeast Asia is the fourth largest consumer of synthetic latex polymers globally, according to Southeast Asia report from Kline’s continuous program Synthetic Latex Polymers: Global Business Analysis and Opportunities. A robust economic growth, low industry regulations, and stability in raw material prices appeal to multinational corporations and domestic suppliers, increasing the market rivalry in the region.Continue reading
Amounting to nearly USD 33 billion, the global synthetic latex polymers market is shaped by diverse regional characteristics, according to Synthetic Latex Polymers: Global Business Analysis and Opportunities program.
Europe and CIS together account for a total 20.4% of the global synthetic latex polymers market in 2017. Although the consumption of synthetic latex polymers in CIS is significantly lower than in Europe, the CIS region offers higher growth potential. Import substitution programs implemented by the Russian government, along with the focus of other CIS countries to develop manufacturing capabilities, will offer various business opportunities for synthetic latex polymer suppliers through 2022.Continue reading
The Middle East accounts for approximately 5% of the global consumption of synthetic latex polymers, with a market value of about USD 1.3 billion in 2016. This region represents an interesting mix of diverse economies, displaying a combination of varying market characteristics, ranging from the advanced Turkish market, which closely follows European trends, to the highly price-sensitive Egyptian market.
Like in most regions, except Southeast Asia, paints and coatings and adhesives and sealants are the largest application sectors in the Middle East. However, the region exhibits some striking differences in the application mix.Continue reading
Amounting to nearly USD 33 billion, the global synthetic latex polymers market is shaped by diverse regional characteristics, according to Kline’s global program Synthetic Latex Polymers: Global Business Analysis and Opportunities. North America, China, and Europe are the largest markets, together accounting for around 70% of consumption globally. India and Southeast Asia are also significantly large markets, characterized by high growth.
Globally, paints and coatings is the largest application of synthetic latex polymers. However, regional dynamics play a pivotal role in determining the nature of application markets. Continue reading
Accounting for almost 25% of the global market share, China is the second largest consumer of synthetic latex polymers after North America, according to the just-published China report from Kline’s continuous program Synthetic Latex Polymers: Global Business Analysis and Opportunities. A considerably higher GDP growth compared to the developed world, low industry regulations, and stability in raw material prices appeals to multinational corporations and domestic suppliers, increasing market rivalry dramatically.
Europe and CIS together account for a total 23% of the global synthetic latex polymers market in 2014. While consumption of synthetic latex polymers in CIS remains low, the region offers high growth potential. Import substitution programs implemented by the Russian government along with the strategic development of chemical industry plans across the majority of CIS countries will drive the synthetic latex market in the region, estimated to increase at 2.6% through 2019,finds the recently published analysis of the CIS and European regions from Kline’s Synthetic Latex Polymers: Global Business Analysis and Opportunities report. However, the political and economical instability in the region could decelerate this growth.
With the consumption of latex polymers rapidly
growing in the CIS region and complex European market, it is important to understand which regions have the highest potential and which product types and applications are the most promising in these markets.
To provide you with a better understanding of the current state of the synthetic latex polymers market, Kline invites you to a free and insightful webinar on key findings from the year 1 series from our continuous program – Synthetic Latex Polymers: Global Business Analysis and Opportunities on:Continue reading
Originally posted on Rubber Journal Asia, December 12, 2014.
Asia is a dominant region in terms of global rubber output and consumption. The bloc accounted for about half of the global rubber consumption and close to half of the global output in 2012, according to an earlier report by Ceresana, a Germany-based industrial market research company.
This year, however, various issues involving prices, supply, and demand have put several roadblocks for the region’s rubber industry.Continue reading