Latex binders are primarily additives used in various end use industries to enhance mechanical and physical properties of products. Some of the major raw materials used in the manufacture of latex binders include styrene and petroleum compounds. Latex binders are increasingly being used in end use industries including adhesives, coatings, paints, and construction.
MARKET DYNAMICS
The growth in the construction industry is expected to be a major factor driving the growth of the latex binders market. Development of infrastructure is expected to drive the demand for products including paints, adhesives, and coatings. Further, the growing adoption of technical textiles in the automotive industry is expected to drive the demand for latex binders globally, as they are used to impart the required properties in the textiles. Such factors are expected to drive the demand for the latex binders market, globally.
MARKET SCOPE
The "Global Latex Binders Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the latex binders market with detailed market segmentation based on product and end use industry. The global latex binders market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading latex binders market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global latex binders market is segmented into product and end use industry. By product the latex binders market is segmented into material and application. By material, the latex binders market is classified into cotton, denim, jute, leather, and others. By application, the latex binders market is classified into product packaging, backpack, gifting, storage, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global latex binders market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The latex binders market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the latex binders market from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely; North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the latex binders in these regions.
MARKET PLAYERS
The report covers vital developments in the latex binders as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from the luxury lipsticks are anticipated to witness lucrative growth opportunities in the future with the rising demand for luxury lipsticks in the global market. Below mentioned is the list of few companies engaged in the latex binders market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the latex binders market. Besides, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, the critical development in the past five years.
BASF SE
Trinseo
Wacker Chemie AG
Arkema S.A.
Celanese Corporation
DIC Corporation
Puyang Yintai Industrial Trading Company Ltd.
Lubrizol Corporation
Bosson Union Tech(Beijing) Co.,Ltd
Synthomer plc