The styrene butadiene latex market size was valued at USD 11.60 billion in 2023 and is expected to reach USD 16.66 billion by 2032, growing at a CAGR of 4.10% from 2023 to 2032.
Key Takeaways
- Europe contributed more than 35% of revenue share in 2022.
- North America is estimated to expand the fastest CAGR between 2023 and 2032.
- By type, the emulsion styrene butadiene latex segment has held the largest market share of 72% in 2022.
- By type, the solution styrene butadiene latex segment is anticipated to grow at a remarkable CAGR of 5.9% between 2023 and 2032.
- By application, the paper processing segment generated over 28% of revenue share in 2022.
- By application, the mortar additives segment is expected to expand at the fastest CAGR over the projected period.
- By butadiene content, the low segment generated over 38% of revenue share in 2022.
- By butadiene content, the high segment is expected to expand at the fastest CAGR over the projected period.
The Styrene Butadiene Latex Market has witnessed substantial growth in recent years, driven by its widespread applications across various industries. This water-based synthetic rubber emulsion finds extensive use in the production of adhesives, paints, and coatings, owing to its excellent bonding properties and durability. Additionally, the construction sector has played a pivotal role in fueling the market’s expansion, with SBL being a key component in manufacturing concrete admixtures and modifying agents, contributing to enhanced performance and longevity of construction materials.
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The market’s growth is further propelled by the increasing demand for eco-friendly and sustainable products. Styrene Butadiene Latex stands out as an environmentally conscious choice, as it is water-based and minimizes the use of harmful solvents. As environmental concerns continue to influence consumer choices and industry practices, the market is likely to experience sustained growth due to its alignment with these evolving preferences.
Moreover, the automotive industry has emerged as a significant consumer of Styrene Butadiene Latex, utilizing it in the production of durable and high-performance coatings for automotive parts. The growing automotive sector, coupled with the rising trend of lightweight and fuel-efficient vehicles, has created a robust demand for advanced coatings, contributing substantially to the expansion of the SBL market.
Innovation and technological advancements in the manufacturing processes of Styrene Butadiene Latex have also played a crucial role in fostering market growth. Continuous efforts to enhance product quality, reduce production costs, and develop novel applications are anticipated to drive further adoption of SBL across diverse industries.
Styrene Butadiene Latex Market Scope
| Report Coverage | Details |
| Market Size in 2023 | USD 11.30 Billion |
| Market Size by 2032 | USD 16.66 Billion |
| Growth Rate from 2023 to 2032 | CAGR of 4.10% |
| Largest Market | Europe |
| Base Year | 2022 |
| Forecast Period | 2023 to 2032 |
| Segments Covered | By Type, By Application, and By Butadiene Content |
| Regions Covered | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Read More: Home Spirometer Market Size To Worth USD 1.62 Billion By 2032
By Type
Styrene Butadiene Latex is categorized into different types based on its composition and characteristics. One prevalent type is the High Styrene Butadiene Latex (HSB latex). HSB latex contains a higher percentage of styrene, offering enhanced strength and flexibility. Another common type is the Low Styrene Butadiene Latex (LSB latex), which has a lower styrene content, making it suitable for applications where cost-effectiveness and softer properties are prioritized.
By Application
Adhesives: Styrene Butadiene Latex plays a crucial role in the adhesive industry, offering robust bonding properties for applications in packaging, construction, and automotive sectors.
Textiles (Carpet Backing): The carpet industry benefits from SB latex as it is widely used in carpet backing materials, providing improved wear resistance, stability, and dimensional strength.
Paper and Paperboard Coatings: In the paper industry, SB latex serves as a binder and coating material, enhancing the printability, water resistance, and overall quality of paper and paperboard products.
Construction (Polymer-Modified Concrete): SB latex is utilized in polymer-modified concrete formulations, contributing to increased durability and performance in construction applications.
By Butadiene Content
Styrene Butadiene Latex can be classified based on the percentage of butadiene present in its composition.
High Butadiene Content: Latex with a higher butadiene content is often preferred for applications where flexibility and elasticity are critical, such as in certain adhesive formulations.
Low Butadiene Content: Latex with a lower butadiene content may be chosen for applications where a stiffer and more rigid material is required, catering to specific needs in industries like construction.
Reasons to Purchase this Report:
- Comprehensive market segmentation analysis incorporating qualitative and quantitative research, considering the impact of economic and policy factors.
- In-depth regional and country-level analysis, examining the demand and supply dynamics that influence market growth.
- Market size in USD million and volume in million units provided for each segment and sub-segment.
- Detailed competitive landscape, including market share of major players, recent projects, and strategies implemented over the past five years.
- Comprehensive company profiles encompassing product offerings, key financial information, recent developments, SWOT analysis, and employed strategies by major market players.
Styrene Butadiene Latex Market Players
- BASF SE
- Styron LLC (Trinseo)
- Dow Chemical Company
- Synthomer plc
- LANXESS AG
- Omnova Solutions Inc.
- LG Chem Ltd.
- JSR Corporation
- Wacker Chemie AG
- Sibur International GmbH
- Zeon Corporation
- Kumho Petrochemical Co., Ltd.
- Eastman Chemical Company
- Arkema S.A.
- Daelim Industrial Co., Ltd.
Segments Covered in the Report
By Type
- Emulsion Styrene Butadiene Latex
- Solution Styrene Butadiene Latex
By Application
- Paper Processing
- Fiber and Carpet Processing
- Glass Fiber Processing
- Paints and Coatings
- Adhesives
- Mortar Additives
- Foams and Mattresses
- Others
By Butadiene Content
- Low
- Medium
- High
By Geography
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Styrene Butadiene Latex Market
5.1. COVID-19 Landscape: Styrene Butadiene Latex Industry Impact
5.2. COVID 19 – Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Styrene Butadiene Latex Market, By Type
8.1. Styrene Butadiene Latex Market Revenue and Volume, by Type, 2023-2032
8.1.1 Emulsion Styrene Butadiene Latex
8.1.1.1. Market Revenue and Volume Forecast (2020-2032)
8.1.2. Solution Styrene Butadiene Latex
8.1.2.1. Market Revenue and Volume Forecast (2020-2032)
Chapter 9. Global Styrene Butadiene Latex Market, By Application
9.1. Styrene Butadiene Latex Market Revenue and Volume, by Application, 2023-2032
9.1.1. Paper Processing
9.1.1.1. Market Revenue and Volume Forecast (2020-2032)
9.1.2. Fiber and Carpet Processing
9.1.2.1. Market Revenue and Volume Forecast (2020-2032)
9.1.3. Glass Fiber Processing
9.1.3.1. Market Revenue and Volume Forecast (2020-2032)
9.1.4. Paints and Coatings
9.1.4.1. Market Revenue and Volume Forecast (2020-2032)
9.1.5. Adhesives
9.1.5.1. Market Revenue and Volume Forecast (2020-2032)
9.1.6. Mortar Additives
9.1.6.1. Market Revenue and Volume Forecast (2020-2032)
9.1.7. Foams and Mattresses
9.1.7.1. Market Revenue and Volume Forecast (2020-2032)
9.1.8. Others
9.1.8.1. Market Revenue and Volume Forecast (2020-2032)
Chapter 10. Global Styrene Butadiene Latex Market, By Butadiene Content
10.1. Styrene Butadiene Latex Market Revenue and Volume, by Butadiene Content, 2023-2032
10.1.1. Low
10.1.1.1. Market Revenue and Volume Forecast (2020-2032)
10.1.2. Medium
10.1.2.1. Market Revenue and Volume Forecast (2020-2032)
10.1.3. High
10.1.3.1. Market Revenue and Volume Forecast (2020-2032)
Chapter 11. Global Styrene Butadiene Latex Market, Regional Estimates and Trend Forecast
11.1. North America
11.1.1. Market Revenue and Volume Forecast, by Type (2020-2032)
11.1.2. Market Revenue and Volume Forecast, by Application (2020-2032)
11.1.3. Market Revenue and Volume Forecast, by Butadiene Content (2020-2032)
11.1.4. U.S.
11.1.4.1. Market Revenue and Volume Forecast, by Type (2020-2032)
11.1.4.2. Market Revenue and Volume Forecast, by Application (2020-2032)
11.1.4.3. Market Revenue and Volume Forecast, by Butadiene Content (2020-2032)
11.1.5. Rest of North America
11.1.5.1. Market Revenue and Volume Forecast, by Type (2020-2032)
11.1.5.2. Market Revenue and Volume Forecast, by Application (2020-2032)
11.1.5.3. Market Revenue and Volume Forecast, by Butadiene Content (2020-2032)
11.2. Europe
11.2.1. Market Revenue and Volume Forecast, by Type (2020-2032)
11.2.2. Market Revenue and Volume Forecast, by Application (2020-2032)
11.2.3. Market Revenue and Volume Forecast, by Butadiene Content (2020-2032)
11.2.4. UK
11.2.4.1. Market Revenue and Volume Forecast, by Type (2020-2032)
11.2.4.2. Market Revenue and Volume Forecast, by Application (2020-2032)
11.2.4.3. Market Revenue and Volume Forecast, by Butadiene Content (2020-2032)
11.2.5. Germany
11.2.5.1. Market Revenue and Volume Forecast, by Type (2020-2032)
11.2.5.2. Market Revenue and Volume Forecast, by Application (2020-2032)
11.2.5.3. Market Revenue and Volume Forecast, by Butadiene Content (2020-2032)
11.2.6. France
11.2.6.1. Market Revenue and Volume Forecast, by Type (2020-2032)
11.2.6.2. Market Revenue and Volume Forecast, by Application (2020-2032)
11.2.6.3. Market Revenue and Volume Forecast, by Butadiene Content (2020-2032)
11.2.7. Rest of Europe
11.2.7.1. Market Revenue and Volume Forecast, by Type (2020-2032)
11.2.7.2. Market Revenue and Volume Forecast, by Application (2020-2032)
11.2.7.3. Market Revenue and Volume Forecast, by Butadiene Content (2020-2032)
11.3. APAC
11.3.1. Market Revenue and Volume Forecast, by Type (2020-2032)
11.3.2. Market Revenue and Volume Forecast, by Application (2020-2032)
11.3.3. Market Revenue and Volume Forecast, by Butadiene Content (2020-2032)
11.3.4. India
11.3.4.1. Market Revenue and Volume Forecast, by Type (2020-2032)
11.3.4.2. Market Revenue and Volume Forecast, by Application (2020-2032)
11.3.4.3. Market Revenue and Volume Forecast, by Butadiene Content (2020-2032)
11.3.5. China
11.3.5.1. Market Revenue and Volume Forecast, by Type (2020-2032)
11.3.5.2. Market Revenue and Volume Forecast, by Application (2020-2032)
11.3.5.3. Market Revenue and Volume Forecast, by Butadiene Content (2020-2032)
11.3.6. Japan
11.3.6.1. Market Revenue and Volume Forecast, by Type (2020-2032)
11.3.6.2. Market Revenue and Volume Forecast, by Application (2020-2032)
11.3.6.3. Market Revenue and Volume Forecast, by Butadiene Content (2020-2032)
11.3.7. Rest of APAC
11.3.7.1. Market Revenue and Volume Forecast, by Type (2020-2032)
11.3.7.2. Market Revenue and Volume Forecast, by Application (2020-2032)
11.3.7.3. Market Revenue and Volume Forecast, by Butadiene Content (2020-2032)
11.4. MEA
11.4.1. Market Revenue and Volume Forecast, by Type (2020-2032)
11.4.2. Market Revenue and Volume Forecast, by Application (2020-2032)
11.4.3. Market Revenue and Volume Forecast, by Butadiene Content (2020-2032)
11.4.4. GCC
11.4.4.1. Market Revenue and Volume Forecast, by Type (2020-2032)
11.4.4.2. Market Revenue and Volume Forecast, by Application (2020-2032)
11.4.4.3. Market Revenue and Volume Forecast, by Butadiene Content (2020-2032)
11.4.5. North Africa
11.4.5.1. Market Revenue and Volume Forecast, by Type (2020-2032)
11.4.5.2. Market Revenue and Volume Forecast, by Application (2020-2032)
11.4.5.3. Market Revenue and Volume Forecast, by Butadiene Content (2020-2032)
11.4.6. South Africa
11.4.6.1. Market Revenue and Volume Forecast, by Type (2020-2032)
11.4.6.2. Market Revenue and Volume Forecast, by Application (2020-2032)
11.4.6.3. Market Revenue and Volume Forecast, by Butadiene Content (2020-2032)
11.4.7. Rest of MEA
11.4.7.1. Market Revenue and Volume Forecast, by Type (2020-2032)
11.4.7.2. Market Revenue and Volume Forecast, by Application (2020-2032)
11.4.7.3. Market Revenue and Volume Forecast, by Butadiene Content (2020-2032)
11.5. Latin America
11.5.1. Market Revenue and Volume Forecast, by Type (2020-2032)
11.5.2. Market Revenue and Volume Forecast, by Application (2020-2032)
11.5.3. Market Revenue and Volume Forecast, by Butadiene Content (2020-2032)
11.5.4. Brazil
11.5.4.1. Market Revenue and Volume Forecast, by Type (2020-2032)
11.5.4.2. Market Revenue and Volume Forecast, by Application (2020-2032)
11.5.4.3. Market Revenue and Volume Forecast, by Butadiene Content (2020-2032)
11.5.5. Rest of LATAM
11.5.5.1. Market Revenue and Volume Forecast, by Type (2020-2032)
11.5.5.2. Market Revenue and Volume Forecast, by Application (2020-2032)
11.5.5.3. Market Revenue and Volume Forecast, by Butadiene Content (2020-2032)
Chapter 12. Company Profiles
12.1. BASF SE
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. Styron LLC (Trinseo)
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. Dow Chemical Company
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. Synthomer plc
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. LANXESS AG
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. Omnova Solutions Inc.
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. LG Chem Ltd.
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. JSR Corporation
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
12.9. Wacker Chemie AG
12.9.1. Company Overview
12.9.2. Product Offerings
12.9.3. Financial Performance
12.9.4. Recent Initiatives
12.10. Sibur International GmbH
12.10.1. Company Overview
12.10.2. Product Offerings
12.10.3. Financial Performance
12.10.4. Recent Initiatives
Chapter 13. Research Methodology
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
Chapter 14. Appendix
14.1. About Us
14.2. Glossary of Terms
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