Global Synthetic Latex Polymers Market Trajectory to 2027 – U.S. Market is Estimated at $7.8 Billion, While China is Forecast to Grow at 5.7% CAGR – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “Synthetic Latex Polymers – Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.
Global Synthetic Latex Polymers Market to Reach $36 Billion by 2027
Amid the COVID-19 crisis, the global market for Synthetic Latex Polymers estimated at US$29.1 Billion in the year 2020, is projected to reach a revised size of US$36 Billion by 2027, growing at a CAGR of 3.1% over the analysis period 2020-2027. Styrene Acrylic, one of the segments analyzed in the report, is projected to record a 3.3% CAGR and reach US$9.3 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Acrylic segment is readjusted to a revised 3.1% CAGR for the next 7-year period.
The U.S. Market is Estimated at $7.8 Billion, While China is Forecast to Grow at 5.7% CAGR
The Synthetic Latex Polymers market in the U.S. is estimated at US$7.8 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$7.4 Billion by the year 2027 trailing a CAGR of 5.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.9% and 2.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.5% CAGR.
Styrene Butadiene Segment to Record 2.9% CAGR
In the global Styrene Butadiene segment, USA, Canada, Japan, China and Europe will drive the 2.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$2.6 Billion in the year 2020 will reach a projected size of US$3.1 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$5 Billion by the year 2027, while Latin America will expand at a 3.7% CAGR through the analysis period.
Select Competitors (Total 41 Featured):
- Apcotex Industries Limited
- Arkema Group
- Bangkok Synthetics Co., Ltd.
- BASF SE
- Celanese Corporation
- Dow Chemical Company, The
- Goodyear Chemical
- Jubilant Agri and Consumer Products Ltd.
- Kumho Petrochemical Co., Ltd. (KKPC)
- LG Chem
- Lion Elastomers, LLC.
- Omnova Solutions, Inc.
- Shanghai Baolijia Chemical Co., Ltd.
- Shanxi Sanwei Group Co., Ltd.
- SIBUR International GmbH
- Sumitomo Chemical Co., Ltd.
- Synthomer PLC
- The Synthetic Latex Company (Pty) Ltd.
- Trinseo LLC
- Versalis SpA
- Wacker Chemie AG
- ZEON Corporation
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/xxmsdz
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Contacts
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
[email protected]
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
