Styrene Butadiene (SB) Latex Market - 53% of Growth to Originate from APAC | Growth in Demand from APAC & Europe to Boost Market | 17000+ Technavio Reports

The potential growth difference for the styrene-butadiene (SB) latex market between 2021 and 2026 is USD 1.15  billion. To get the exact yearly growth variance and the Y-O-Y growth rate, Talk to our analyst.

Key Market Dynamics:

• Market Driver - The key factors driving the global styrene-butadiene (SB) latex industry growth is the growth in demand from APAC and Europe, owing to the high demand for paper and paperboard, adhesives, carpets, and fibers in the construction and packaging industries. Moreover, the ban on plastic bags in European and APAC countries is boosting the consumption of cardboard and paper for packaging. EU aims to reduce the consumption of single-use and short-lived plastic by 20% by 2025, thereby encouraging the use of paper and paperboard for packaging. In the EU, Belgium is the leader in the carpet industry, followed by the Netherlands. SB latex back coatings enhance the performance of carpets, improve stability, and resist tuft loss at the cut edges of the carpets. Moreover, the increasing demand for pressure-sensitive adhesives, mortar additives, paints, and coatings from the construction industry will further boost the consumption of SB latex in the forecast period.
• Market Challenges -  The key challenge to the global styrene butadiene latex industry growth is the rising preference for bio-based latexes. As the key raw materials used in the production of SB latex (styrene and butadiene) are petroleum products, fluctuations in crude oil prices affect their prices. For instance, in 2020, the average price of ethylene worldwide accounted for around USD 697 per metric ton. As of July 2021, the average price for that year rose to USD 1,014 per metric ton, an increase of more than 45% when compared to the previous year. An increase in crude oil prices reduces drilling activities, which results in a demand-supply imbalance for key petroleum-based raw materials. Owing to the resultant rise in raw material prices, manufacturers undertake cost-cutting measures, such as workforce layoffs, production shutdown, or production capacity reduction. Such factors will limit the market growth in the forecast period.

To learn about additional key drivers, trends, and challenges -  Read our FREE Sample Report right now!

Segmentation Analysis

The styrene-butadiene (SB) latex market report is segmented by Application (Paper processing, Fiber and carpet processing, Glass fiber adhesives, Adhesives, and Others) and Geography (APAC, Europe, North America, Middle East, Africa, and South America). 

The styrene-butadiene (SB) latex market share growth in the paper processing segment will be significant for revenue generation. The growth is attributed to the use of SB latex in the processing and production of different types of papers, which include specialized paper, moisture-proof paper, and coated/pigmented paper. SB latex is also used in the manufacturing of paperboard coatings. 

View our sample report for additional insights into the contribution of all the segments

Some Companies Mentioned 

The styrene-butadiene (SB) latex market is fragmented and the vendors are deploying growth strategies such as product innovation to compete in the market.

·          

• Asahi Kasei Corp.
• BASF SE
• The Dow Chemical Co.
• EcoSynthetix Inc.
• General Industrial Polymers
• HANSOLCHEMICAL
• JSR Corp.
• Kumho Petrochemical Co. Ltd.
• LANXESS AG
• Mallard Creek Polymers
• MCTRON Inc.
• NANTEX Industry Co. Ltd.
• NISCHINTH
• Rishiroop Polymers Pvt. Ltd.
• RPM International Inc.
• Synthomer Plc
• Trinseo PLC
• LG Chem Ltd.
• To gain access to more vendor profiles with their key offerings available with Technavio, Click Here

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Key Topics Covered:

1. Executive Summary                         

2. Market Landscape                            

               2.1 Market ecosystem             

                              Exhibit 01: Parent market

               2.2: Market Characteristics     

                            Exhibit 02: Market Characteristics          

3. Market Sizing                      

               3.1 Market definition

                              Exhibit 03: Offerings of vendors included in the market definition

               3.2 Market segment analysis  

                              Exhibit 04: Market segments

               3.3 Market size 2020 

               3.4 Market outlook: Forecast for 2020 - 2025 

                              Exhibit 05: Chart on Global - Market size and forecast 2021-2026 ($ million)

                              Exhibit 06: Data Table on Global - Market size and forecast 2021-2026 ($ million)

                              Exhibit 07: Chart on Global Market: Year-over-year growth 2021-2026 (%)

                              Exhibit 08: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4. Five Forces Analysis                         

               4.1 Five Forces Summary         

                              Exhibit 09: Five forces analysis 2020 & 2025

               4.2 Bargaining power of buyers            

                              Exhibit 10: Bargaining power of buyers

               4.3 Bargaining power of suppliers        

                              Exhibit 11: Bargaining power of suppliers

               4.4 Threat of new entrants     

                              Exhibit 12: Threat of new entrants

               4.5 Threat of substitutes          

                              Exhibit 13: Threat of substitutes

               4.6 Threat of rivalry   

                              Exhibit 14: Threat of rivalry

               4.7 Market condition 

                              Exhibit 15: Market condition - Five forces 2020

5 Market Segmentation by Application                        

               5.1 Market segments

                              The segments covered in this chapter are Paper processing, Fiber and carpet processing , Glass fiber adhesives, Adhesives, and Others.

                              Exhibit 16: Chart on Application - Market share 2021-2026 (%)

                              Exhibit 17: Data Table on Application - Market share 2021-2026 (%)

               5.2 Comparison by Application             

                              Exhibit 18: Chart on Comparison by Application

                              Exhibit 19: Data Table on Comparison by Application

               5.3 Paper processing - Market size and forecast 2021-2026      

                              Exhibit 20: Chart on Paper processing - Market size and forecast 2021-2026 ($ million)

                              Exhibit 21: Data Table on Paper processing - Market size and forecast 2021-2026 ($ million)

                              Exhibit 22: Chart on Paper processing - Year-over-year growth 2021-2026 (%)

                              Exhibit 23: Data Table on Paper processing - Year-over-year growth 2021-2026 (%)

               5.4 Fiber and carpet processing - Market size and forecast 2021-2026 

                              Exhibit 24: Chart on Fiber and carpet processing - Market size and forecast 2021-2026 ($ million)

                              Exhibit 25: Data Table on Fiber and carpet processing - Market size and forecast 2021-2026 ($ million)

                              Exhibit 26: Chart on Fiber and carpet processing - Year-over-year growth 2021-2026 (%)

                              Exhibit 27: Data Table on Fiber and carpet processing - Year-over-year growth 2021-2026 (%)

               5.5 Glass fiber adhesives - Market size and forecast 2021-2026              

                              Exhibit 28: Chart on Glass fiber adhesives - Market size and forecast 2021-2026 ($ million)

                              Exhibit 29: Data Table on Glass fiber adhesives - Market size and forecast 2021-2026 ($ million)

                              Exhibit 30: Chart on Glass fiber adhesives - Year-over-year growth 2021-2026 (%)

                              Exhibit 31: Data Table on Glass fiber adhesives - Year-over-year growth 2021-2026 (%)

               5.6 Adhesives - Market size and forecast 2021-2026    

                              Exhibit 32: Chart on Adhesives - Market size and forecast 2021-2026 ($ million)

                              Exhibit 33: Data Table on Adhesives - Market size and forecast 2021-2026 ($ million)

                              Exhibit 34: Chart on Adhesives - Year-over-year growth 2021-2026 (%)

                              Exhibit 35: Data Table on Adhesives - Year-over-year growth 2021-2026 (%)

               5.7 Others - Market size and forecast 2021-2026          

                              Exhibit 36: Chart on Others - Market size and forecast 2021-2026 ($ million)

                              Exhibit 37: Data Table on Others - Market size and forecast 2021-2026 ($ million)

                              Exhibit 38: Chart on Others - Year-over-year growth 2021-2026 (%)

                              Exhibit 39: Data Table on Others - Year-over-year growth 2021-2026 (%)

               5.8 Market opportunity by Application              

                              Exhibit 40: Market opportunity by Application ($ million)

6 Customer Landscape                        

               6.1 Customer landscape overview       

                              Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape                     

               7.1 Geographic segmentation

                              Exhibit 42: Chart on Market share by geography 2021-2026 (%)

                              Exhibit 43: Data Table on Market share by geography 2021-2026 (%)

               7.2 Geographic comparison    

                              Exhibit 44: Chart on Geographic comparison

                              Exhibit 45: Data Table on Geographic comparison

               7.3 APAC - Market size and forecast 2021-2026             

                              Exhibit 46: Chart on APAC - Market size and forecast 2021-2026 ($ million)

                              Exhibit 47: Data Table on APAC - Market size and forecast 2021-2026 ($ million)

                              Exhibit 48: Chart on APAC - Year-over-year growth 2021-2026 (%)

                              Exhibit 49: Data Table on APAC - Year-over-year growth 2021-2026 (%)

               7.4 Europe - Market size and forecast 2021-2026         

                              Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ million)

                              Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ million)

                              Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)

                              Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)

               7.5 North America - Market size and forecast 2021-2026          

                              Exhibit 54: Chart on North America - Market size and forecast 2021-2026 ($ million)

                              Exhibit 55: Data Table on North America - Market size and forecast 2021-2026 ($ million)

                              Exhibit 56: Chart on North America - Year-over-year growth 2021-2026 (%)

                              Exhibit 57: Data Table on North America - Year-over-year growth 2021-2026 (%)

               7.6 Middle East and Africa - Market size and forecast 2021-2026           

                              Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)

                              Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)

                              Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)

                              Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

               7.7 South America - Market size and forecast 2021-2026          

                              Exhibit 62: Chart on South America - Market size and forecast 2021-2026 ($ million)

                              Exhibit 63: Data Table on South America - Market size and forecast 2021-2026 ($ million)

                              Exhibit 64: Chart on South America - Year-over-year growth 2021-2026 (%)

                              Exhibit 65: Data Table on South America - Year-over-year growth 2021-2026 (%)

               7.8 China - Market size and forecast 2021-2026            

                              Exhibit 66: Chart on China - Market size and forecast 2021-2026 ($ million)

                              Exhibit 67: Data Table on China - Market size and forecast 2021-2026 ($ million)

                              Exhibit 68: Chart on China - Year-over-year growth 2021-2026 (%)

                              Exhibit 69: Data Table on China - Year-over-year growth 2021-2026 (%)

               7.9 US - Market size and forecast 2021-2026   

                              Exhibit 70: Chart on US - Market size and forecast 2021-2026 ($ million)

                              Exhibit 71: Data Table on US - Market size and forecast 2021-2026 ($ million)

                              Exhibit 72: Chart on US - Year-over-year growth 2021-2026 (%)

                              Exhibit 73: Data Table on US - Year-over-year growth 2021-2026 (%)

               7.10 Germany - Market size and forecast 2021-2026   

                              Exhibit 74: Chart on Germany - Market size and forecast 2021-2026 ($ million)

                              Exhibit 75: Data Table on Germany - Market size and forecast 2021-2026 ($ million)

                              Exhibit 76: Chart on Germany - Year-over-year growth 2021-2026 (%)

                              Exhibit 77: Data Table on Germany - Year-over-year growth 2021-2026 (%)

               7.11 Japan - Market size and forecast 2021-2026          

                              Exhibit 78: Chart on Japan - Market size and forecast 2021-2026 ($ million)

                              Exhibit 79: Data Table on Japan - Market size and forecast 2021-2026 ($ million)

                              Exhibit 80 Chart on Japan - Year-over-year growth 2021-2026 (%)

                              Exhibit 81: Data Table on Japan - Year-over-year growth 2021-2026 (%)

               7.12 South Korea - Market size and forecast 2021-2026             

                              Exhibit 82: Chart on South Korea - Market size and forecast 2021-2026 ($ million)

                              Exhibit 83: Data Table on South Korea - Market size and forecast 2021-2026 ($ million)

                              Exhibit 84: Chart on South Korea - Year-over-year growth 2021-2026 (%)

                              Exhibit 85: Data Table on South Korea - Year-over-year growth 2021-2026 (%)

               7.13 Market opportunity by geography            

                              Exhibit 86: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends                   

               8.1 Market drivers      

                              8.1.1 Growth in demand from APAC and Europe

                              8.1.2 Increase in demand from paper and paperboard packaging industry

                              8.1.3 Rise in use of SB latex in numerous end-user applications

               8.2 Market challenges              

                              8.2.1 Rising preference for bio-based latexes

                              8.2.2 Increasing demand for emulsion polymers

                              8.2.3 Shift in feedstock type

               8.3 Impact of drivers and challenges   

                              Exhibit 87: Impact of drivers and challenges in 2021 and 2026

               8.4 Market trends      

                              8.4.1 Rising preference for bio-based latexes

                              8.4.2 Increasing demand for emulsion polymers

                              8.4.3 Shift in feedstock type

9. Vendor Landscape                            

               9.1     Competitive scenario     

               9.2     Vendor landscape           

                              Exhibit 88: Vendor Landscape

               9.3     Landscape disruption     

                              Exhibit 89: Landscape disruption

               9.4     Industry risks     

                              Exhibit 90: Industry risks

10.   Vendor Analysis                             

               10.1   Vendors covered             

                              Exhibit 91: Vendors covered

               10.2 Market positioning of vendors   

                              Exhibit 92: Matrix on vendor position and classification

               10.3 Asahi Kasei Corp.             

                              Exhibit 93: Asahi Kasei Corp. - Overview

                              Exhibit 94: Asahi Kasei Corp. - Business segments

                              Exhibit 95: Asahi Kasei Corp. - Key news

                              Exhibit 96: Asahi Kasei Corp. - Key offerings

                              Exhibit 97: Asahi Kasei Corp. - Segment focus

               10.4 BASF SE 

                              Exhibit 98: BASF SE - Overview

                              Exhibit 99: BASF SE - Business segments

                              Exhibit 100: BASF SE - Key news

                              Exhibit 101: BASF SE - Key offerings

                              Exhibit 102: BASF SE - Segment focus

               10.5 The Dow Chemical Co.   

                              Exhibit 103: The Dow Chemical Co. - Overview

                              Exhibit 104: The Dow Chemical Co. - Business segments

                              Exhibit 105: The Dow Chemical Co. - Key offerings

                              Exhibit 106: The Dow Chemical Co. - Segment focus

               10.6 LANXESS AG        

                              Exhibit 107: LANXESS AG - Overview

                              Exhibit 108: LANXESS AG - Business segments

                              Exhibit 109: LANXESS AG - Key offerings

                              Exhibit 110: LANXESS AG - Segment focus

               10.7 LG Chem Ltd.      

                              Exhibit 111: LG Chem Ltd. - Overview

                              Exhibit 112: LG Chem Ltd. - Business segments

                              Exhibit 113: LG Chem Ltd. - Key news

                              Exhibit 114: LG Chem Ltd. - Key offerings

                              Exhibit 115: LG Chem Ltd. - Segment focus

               10.8 Mallard Creek Polymers 

                              Exhibit 116: Mallard Creek Polymers - Overview

                              Exhibit 117: Mallard Creek Polymers - Product / Service

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