Growth Potential for Synthetic Latex Polymers Is Massive in Southeast Asia
Southeast Asia is set to keep its status as one of the world’s most important markets for synthetic latex polymers, thanks to its immense growth potential.
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Southeast Asia is set to keep its status as one of the world’s most important markets for synthetic latex polymers, thanks to its immense growth potential.
Significant growth is expected for synthetic latex polymers in the Middle East, according to our latest research.
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.
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.
Global synthetic latex polymers manufacturing capacity is around 32.2 million wet tonnes, and global consumption is estimated at 25.2 million wet tonnes in 2017. Hence, a utilization of nearly 78% is estimated in the global synthetic latex industry.
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
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
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
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
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