Styrene Butadiene Latex Market - Forecast(2021 - 2026)
Styrene Butadiene Latex market is witnessing tremendous growth due to increasing demand from end user applications in the food, beverages, pharmaceutical and chemical industry. The global Styrene Butadiene Latex exports accounted to $954 million in 2016 and is expected to witness a robust growth considering the large demand for high quality papers and its excellent adhesive qualities. Styrene Butadiene Latex is a cross-linked emulsion polymer made up of 2 major compounds: Styrene. When the properties of the SB latex such as solids content, pH value, particle diameter and viscosity is varied and chemically controlled, a wide range of products are produced whose features can be exploited by end users accordingly. Applications of the SB latex range from paper processing, fiber processing, paints, glass fabric processing, adhesives, pressure sensitive adhesives, civil engineering and constructions of roads.
What is Styrene Butadiene Latex?
Styrene-Butadiene latex is a copolymer carboxylated emulsion that is obtained by mixing monomers of Butadiene and Styrene in certain ratios. The ratio of butadiene and styrene dictate the resultant features of the end product that can be exploited to serve specific end user industries. Its major features include high elasticity and adhesive strength, superior chemical stability, excellent resistance to water, alkalis and acid and excellent low temperature properties.
Market Research and Market Trends of Styrene Butadiene Latex Market
BASF SE increased its prices for SB latex in North America by $0.10 per wet pound due to rising production costs. As styrene and butadiene are both commercially manufactured from crude oil, the price of the SB latex is directly dependent on the cost of crude oil. Thus, as the price of crude oil fluctuates so will the cost of the end product, making it a very volatile product and so could lead to users searching for other alternatives to the SB latex that do not depend on such a volatile raw material.
Dow Chemical Company had innovated a new product named BIOBAN™ DXN, which provides anti-bacterial protection when added to certain lubricants, latexes or levelling agent. As SB latex is frequently used in certain end products such as food packaging, it is necessary for it to be safe and non-toxic so as not to contaminate the food when consumed.
Who are the Major Players in Styrene Butadiene Latex Market?
The key players in the Styrene Butadiene Latex market are BASF SE, LG Chemicals, Mallard Creek Polymers, Asahi Kasei Corporation, Omnova Inc and DowDupont Chemicals
What is our report scope?
The report incorporates in-depth assessment of the competitive landscape, product market sizing, product benchmarking, market trends, product developments, financial analysis, strategic analysis and so on to gauge the impact forces and potential opportunities of the market. Apart from this the report also includes a study of major developments in the market such as product launches, agreements, acquisitions, collaborations, mergers and so on to comprehend the prevailing market dynamics at present and its impact during the forecast period 2018-2023.
All our reports are customizable to your company needs to a certain extent, we do provide 20 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report to your needs.
Key Takeaways from this Report
Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level – for product types, end use applications and by different industry verticals.
Understand the different dynamics influencing the market – key driving factors, challenges and hidden opportunities.
Get in-depth insights on your competitor performance – market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
Analyze the sales and distribution channels across key geographies to improve top-line revenues.
Understand the industry supply chain with a deep-dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.
Get a quick outlook on the market entropy – M&A’s, deals, partnerships, product launches of all key players for the past 4 years.
Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market.
What is Styrene Butadiene Latex?
Styrene-Butadiene latex is a copolymer carboxylated emulsion that is obtained by mixing monomers of Butadiene and Styrene in certain ratios. The ratio of butadiene and styrene dictate the resultant features of the end product that can be exploited to serve specific end user industries. Its major features include high elasticity and adhesive strength, superior chemical stability, excellent resistance to water, alkalis and acid and excellent low temperature properties.
Market Research and Market Trends of Styrene Butadiene Latex Market
BASF SE increased its prices for SB latex in North America by $0.10 per wet pound due to rising production costs. As styrene and butadiene are both commercially manufactured from crude oil, the price of the SB latex is directly dependent on the cost of crude oil. Thus, as the price of crude oil fluctuates so will the cost of the end product, making it a very volatile product and so could lead to users searching for other alternatives to the SB latex that do not depend on such a volatile raw material.
Dow Chemical Company had innovated a new product named BIOBAN™ DXN, which provides anti-bacterial protection when added to certain lubricants, latexes or levelling agent. As SB latex is frequently used in certain end products such as food packaging, it is necessary for it to be safe and non-toxic so as not to contaminate the food when consumed.
Who are the Major Players in Styrene Butadiene Latex Market?
The key players in the Styrene Butadiene Latex market are BASF SE, LG Chemicals, Mallard Creek Polymers, Asahi Kasei Corporation, Omnova Inc and DowDupont Chemicals
What is our report scope?
The report incorporates in-depth assessment of the competitive landscape, product market sizing, product benchmarking, market trends, product developments, financial analysis, strategic analysis and so on to gauge the impact forces and potential opportunities of the market. Apart from this the report also includes a study of major developments in the market such as product launches, agreements, acquisitions, collaborations, mergers and so on to comprehend the prevailing market dynamics at present and its impact during the forecast period 2018-2023.
All our reports are customizable to your company needs to a certain extent, we do provide 20 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report to your needs.
Key Takeaways from this Report
Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level – for product types, end use applications and by different industry verticals.
Understand the different dynamics influencing the market – key driving factors, challenges and hidden opportunities.
Get in-depth insights on your competitor performance – market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
Analyze the sales and distribution channels across key geographies to improve top-line revenues.
Understand the industry supply chain with a deep-dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.
Get a quick outlook on the market entropy – M&A’s, deals, partnerships, product launches of all key players for the past 4 years.
Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market.
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