The synthetic latex polymers market is projected to reach USD 53.2 billion by 2029, at a CAGR of 5.5% from USD 40.6 billion in 2024. The growth of the global synthetic latex polymers market is fueled by growing applications in paints and coatings, which is significantly boosting industry growth. This demand is driven by the need for versatile materials that provide properties such as water resistance, high performance, strength, and flexibility, making synthetic latex polymers ideal for various industrial uses, especially in the paints and coatings sector. Additionally, the construction industry offers substantial opportunities for synthetic latex polymers, particularly in products like adhesives, sealants, and coatings, where these polymers enhance elastomeric properties and prevent cracking.
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The key global players in the synthetic latex polymers market are Arkema (France), Wacker Chemie AG (Germany), Synthomer PLC (UK), LG Chem (South Korea), Celanese (US), Trinseo (US), Dow (US), BASF SE (Germany), Apcotex (India), ARLANXEO (The Netherlands), H.B. Fuller (US), Asahi Kasei Corporation (Japan), The Lubrizol Corporation (US), ZEON CORPORATION (Japan) among others. These companies are strong in their home regions and explore geographic diversification alternatives to grow their businesses. They focus on increasing their market shares through new product launches and other expansions.
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Arkema
Arkema is a global leader in specialty chemicals, which provides advanced materials and specialty chemicals. The company offers acrylics, amines, coating resins, glass coating, electroactive polymers, hydrogen peroxide, hydrazine hydrate, organic peroxides, specialty acrylates & crosslinkers, molecular sieves, fluoropolymers, surfactants & additives, and curable resins. It provides products for different industries such as agriculture, electronics, chemical, construction, packaging, automotive, mining, food, oil & gas, pulp & paper, and pharmaceutical. The company operates its business into four segments, namely, adhesive solutions, advanced materials, coating solutions, and intermediates. It offers synthetic latex polymers under coatings solution segment. It has operations in Asia Pacific, Americas, Europe, and Middle East & Africa. The company has 21,100 employees.
Synthomer PLC
Synthomer PLC is a specialty chemical company, which manufactures various lattices and specialty polymers for adhesives, coatings, construction, and health & protection industries. The company has developed a customer base in Europe, North America, Asia, and other emerging regions. It operates under its business three segments, namely, coatings & construction solutions, adhesive solutions, health & protection and performance materials. The company offers synthetic latex polymers under the health & protection and performance materials segment. Synthomer PLC manufactures acrylic, styrene acrylic, and vinyl acetate-based dispersions which are mainly used in architectural and industrials coatings. The company has 4,200 employees and more than 36 manufacturing sites across North America, Asia, and Europe. It has operations in the Americas, Europe, Asia Pacific, Europe and Middle East & Africa.
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