Growing demand for polySB (Styrene-Butadiene) Latex from the packaging industry is one of the significant factors influencing market growth.
SB (Styrene-Butadiene) Latex Market Size – USD 53.11 Billion in 2020, Growth - CAGR of 4.2%, Trends – Growth of the construction industry
The global SB (Styrene-Butadiene) Latex Market is expected to reach USD 73.81 Billion by 2028, according to a new report by Reports and Data. The growth of the market is attributed to the increasing demand for SB (Styrene-Butadiene) Latex from the end-use industries.
Products made from SB (Styrene-Butadiene) Latex provides exceptional benefits such as high performance, toughness, simplicity of production, flexible design, and economy along with the offering of sanitation, hygiene, and safety features. For instance, SB (Styrene-Butadiene) Latex finds application in the strengthening of military armor, cushioning of bicycle helmets, making of wind power turbines, reduction of coal plant emissions, and improvement of components deployed in making automotive lightweight and fuel-efficient. Moreover, it allows the production of high-performance and economical recreational products, including boats and other watercraft.
SB (SB (Styrene-Butadiene) Latex-butadiene) latex finds usage in several applications, such as coating in paper products like magazines, catalogs, flyers, and paperboard products to get improved printability, high gloss, and protection to oil and water. SB Latex increases the binding power of a pigment and makes the paper smoother, brighter, and stiffer. Additionally, it is very cost-effective as compared to other coating materials.
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Further key findings from the report suggest:
Alpek SAB DE CV, Ashland Inc., Ineos Styrolution Group GmbH, Royal DSM, The Dow Chemical Company, LG Chem, Nova Chemicals Corporation, Bayer MaterialScience, Mitsubishi Chemicals, and Chevron Philips Chemical Company, among others.
By application, polySB (Styrene-Butadiene) Latex contributed to the largest market share in 2020 and is expected to witness a growth rate of 3.9% during the forecast period. Applications of polySB (Styrene-Butadiene) Latex comprises of general household appliances, cases for CD/DVD, toys, cutlery, electronic housings, housewares, refrigerator liners, containers, and packaging, among others.
By industry vertical, packaging industry dominated the market in 2020 and is likely to grow at a rate of 3.8% in the forecast period. PolySB (Styrene-Butadiene) Latex finds extensive application in the packaging industry. Foam packaging peanuts for shipping, CD/DVD cases, food packaging, meat/poultry trays, and egg cartons are usually made with polySB (Styrene-Butadiene) Latex to safeguard against spoilage or damage.
By distribution channel, offline channels held a larger market in 2020.
Europe, led by Western Europe, occupied the second-largest market share in 2020 and is estimated to grow at a rate of 3.7% during the forecast period. The high demand for SB (Styrene-Butadiene) Latex in the region is owing to the growth of the packaging and automotive. Besides, growing investments by market players in RD of SB (Styrene-Butadiene) Latex solutions that are recycled and eco-friendly, is likely to drive the market demand in the region.
Regional Outlook
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- The Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Market Segmentation:
Application Outlook (Volume, Kilo Tons; 2018-2028 and Revenue, USD Million; 2018-2028)
- PolySB (Styrene-Butadiene) Latex
- SB (Styrene-Butadiene) Latex Co-Polymers
- SB (SB (Styrene-Butadiene) Latex-Butadiene) Latex
- SB (SB (Styrene-Butadiene) Latex-Butadiene) Rubber
- Composites
- Others
Industry Vertical Outlook (Volume, Kilo Tons; 2018-2028 and Revenue, USD Million; 2018-2028)
- Packaging
- Construction
- Consumer Goods
- Automotive
- Electrical Electronics
- Others
Distribution Channel Outlook (Volume, Kilo Tons; 2018-2028 and Revenue, USD Million; 2018-2028)
- Offline Channel
- Online Channel
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Table of Contents:
- Report Overview
1.1 Research Scope
1.2 Key SB (Styrene-Butadiene) Latex market segments
1.3 Major players
1.4 Market analysis by product type
1.5 Market analysis by application
1.6 Report timeline
- Global Growth Trends
2.1 Global SB (Styrene-Butadiene) Latex market size
2.2 Latest regional market trends
2.3 Emerging growth trends
- Competitive Outlook
3.1 Global SB (Styrene-Butadiene) Latex market key players
3.2 Global SB (Styrene-Butadiene) Latex size by manufacturers
3.3 Products of major players
3.4 Entry barriers in the SB (Styrene-Butadiene) Latex market
3.5 Mergers, acquisitions, joint ventures, and other strategic alliances
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