Noteworthy trends and dynamics of Mexico’s synthetic latex polymers market were spotlighted in our latest webinar, including positive performance coming from market segments such as automotive and architectural coatings and challenges in some of the more price-driven areas.
China has outdistanced North America to become the biggest market for synthetic latex polymers in 2021.
The synthetic latex polymer (SLP) market in North America (United States, Canada, and Mexico) continues to benefit from trends that emerged during the COVID-19 pandemic.
With India having largely recovered from the COVID-19 pandemic, many of the country’s industry sectors are booming. Synthetic latex polymers will benefit from these trends, with India — which accounts for approximately 6% of global consumption and is the fastest-growing market for SLPs — reaping the rewards.
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