Global Styrene Butadiene (SB) Latex Market 2019-2023
About this market
The rise in the use of SB latex in numerous end-user applications will drive the styrene-butadiene (SB) latex market growth in the forthcoming years. SB latex is used in certain adhesives applications, ranging from lamination and PSA to wood assembly, and sealants and caulks applications. It exhibits high performance, excellent adhesion, flexibility, and durability, and has low VOC content and is resistant to water and high temperatures. SB latex is added to cement and mortar for resistance to water, reducing shrinkage, good elasticity, and improving adhesion. Moreover, it is also used in the manufacture of water-based paints and coatings. Therefore, the increasing use of SB latex in the various end-user application will drive the growth of the market during the forecast period. Technavio’s analysts have predicted that the styrene butadiene (SB) latex market will register a CAGR of almost 2% by 2023.
Increase in demand from paper and paperboard packaging industry
One of the growth drivers of the global styrene butadiene (SB) latex market is the increase in demand from paper and paperboard packaging industry. The ban on plastic is likely to fuel the demand for non- plastic packaging, preferably paper packaging. The growing use of paper and cardboard packaging is expected to drive the demand for SB latex in the forecast period.
Butadiene and styrene supply constraints
One of the challenges in the growth of the global styrene butadiene (SB) latex market is the butadiene and styrene supply constraints. The storage of butadiene creates a supply-demand imbalance in the global SB latex market. These supply constraints will negatively impact the global SB latex market.
For the detailed list of factors that will drive and challenge the growth of the styrene-butadiene (SB) latex market during 2019-2023, view our report.
The market appears to be fragmented with the presence of several market players. Factors such as increasing demand from paper and paper board packaging industry and rise in use of SB latex in numerous end-users' applications will provide considerable growth opportunities to global styrene butadiene (SB) latex market. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.
Technavio Announces the Publication of its Research Report – Global Styrene Butadiene (SB) Latex Market 2019-2023
Technavio recognizes the following companies as the key players in the global styrene butadiene (SB) latex market: Asahi Kasei Corporation, BASF SE, DowDuPont, LG Chem, synthomer plc, and Trinseo.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the rising preference for bio-based latexes.”
According to the report, one of the major drivers for this market is the increase in demand from paper and paperboard packaging industry.
Further, the report states that one of the major factors hindering the growth of this market is the availability of substitute products.
Asahi Kasei Corporation
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