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The global synthetic latex polymers market was valued at US$ 31 Billion in 2020.
Sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in temporarily closure of numerous manufacturing units of synthetic latex polymers.
We expect the global synthetic latex polymers market to exhibit a CAGR of 4.4% during 2021-2026.
The increasing number of commercial and residential construction activities along with growing product utilization for manufacturing coatings and paints represent some of the factors driving the global synthetic latex polymers market.
Based on the type, the global synthetic latex polymers market has been segregated into styrene acrylic, styrene butadiene, acrylic, vinyl acetate copolymer, polyvinyl acetate, vinyl acetate ethylene, and others. Among these, styrene acrylic exhibits a clear dominance in the market.
Based on the application, the global synthetic latex polymers market can be divided into paints and coatings, adhesives and sealants, nonwovens, carpets, paper and paperboard, and others. Currently, paints and coatings represent the largest segment.
On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global synthetic latex polymers market include Alberdingk Boley, Apcotex Industries Ltd., Arkema S.A., Arlanxeo, Asahi Kasei, BASF, 3M, Celanese, Dow Chemical Company, LG Chem, Lubrizol (Berkshire Hathaway), Omnova Solutions Inc. (Synthomer Plc), Trinseo, Wacker Chemie AG, etc.
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