Styrene butadiene latex is an emulsion polymer containing styrene and butadiene. Feedstock required for the production of styrene butadiene latex includes styrene, butadiene, water, and emulsifier. Carboxylic acid is added in order to manufacture carboxylated styrene butadiene latex. The mixture then undergoes polymerization reaction, following which the unreacted monomers (light and heavy) are recovered from the emulsion. Latex is generally manufactured through cold process for which efficient refrigeration equipment is required. Finally, the latex is stored and later packaged to be marketed. The main raw materials for styrene butadiene latex are styrene and butadiene, both of which are downstream derivatives of crude oil. The prices of the two feedstock vary with the price of crude oil and mostly exhibit similar trends. Based on the composition of styrene butadiene latex, content of styrene is higher than butadiene. The higher content of styrene facilitates improved plasticity of the end product. The content of styrene and butadiene varies based on end-user applications. Styrene butadiene latex finds extensive applications in paper processing, fiber processing, glass fiber processing, paints & coatings, adhesives, and mortar additives among others. One of the major applications of styrene butadiene latex is in manufacturing coated paper. Moreover, styrene butadiene latex is generally used in the carpet industry as it is used for carpet backing especially in manufacturing tufted carpet.
Paper processing application accounted for the largest share of the global styrene butadiene latex market in 2014. Styrene butadiene latex is used for paper processing which includes manufacturing of coated papers. In coated paper, the treatment of styrene butadiene latex provides gloss, opacity, brightness, image quality, and printability. Coated papers are used in advertising flyers, magazines, and catalogues. Styrene butadiene latex is used in the manufacture of carpets, as it acts as a binding agent to hold the tuft in the carpet, and is crucial in carpet backing. Carpets are used both for residential and non-residential purposes. Most manufactured carpets are used in residential applications and the remaining is utilized in commercial and industrial applications.
Mortar additives are anticipated to be the most promising application of styrene butadiene latex during the forecast period, as these additives are used in cement in the construction industry. Mortar additives offer compressive strength, bonding adhesion, water resistance, and tensile strength when added to cement. Global demand for cement due to rising construction activity is expected to increase the consumption of styrene butadiene latex. Styrene butadiene latex is also used as binder and for surface treatment in glass fiber processing applications. Furthermore, it is used in emulsion polymer for paints & coatings applications. The inclusion of styrene butadiene latex in paints & coating provides a classy look to walls, wood, etc. Styrene butadiene latex is also used in other applications such as adhesives, molded foam, and hand gloves.
Asia Pacific is the major producer and consumer of styrene butadiene latex accounting for more than 40% of the global market in 2014. The key demand for styrene butadiene latex is a result of the growing carpet industry along with high demand for paper coating in Asia Pacific. In terms of volume, the demand for styrene butadiene latex in Asia Pacific is expected to rise at a CAGR of 3.6% from 2015 and 2023. In the Asia Pacific region, Japan and China account for the bulk of demand for styrene butadiene latex. Developed regions such as Europe and North America are expected to hold a major share of the global market despite the slowdown of paper processing application in this region. Latin America and Middle East & Africa (MEA) are expected to see strong demand for styrene butadiene latex during the forecast period. Latin America and Middle East & Africa (MEA) are anticipated to experience significant demand due to the increasing construction industry across the region coupled with growing usage of carpets in this region.
The global styrene butadiene latex market is highly concentrated in nature with the top two companies commanding majority of the market share. Major companies operating in the market include Dow Chemical Company, Trinseo S.A., BASF S.E., Synthomer Plc, LG Chem Ltd., Synthetic Latex Company (Pty) Ltd, NANTEX Industry Co., Ltd, Asahi Kasei Chemical Corporation, and OMNOVA Solutions Inc. Some of the major players of styrene butadiene latex are intensifying their production capacity to tap the potential demand that would arise due to growth of coated paper in the Asia Pacific market.
Chapter 1 Preface
1.1 Research Description
1.2 Market Segmentation
1.2.1 Global Styrene Butadiene Latex Market, Segmentation by Applications and Regions
1.3 Research Scope
1.3.1 Assumptions
1.4 Research Methodology
1.4.1 Abbreviations
Chapter 2 Executive Summary
2.1 Global Styrene Butadiene Latex Market, 2014 – 2023 (Kilo Tons) (US$ Mn)
Chapter 3 Styrene Butadiene Latex Market - Industry Analysis
3.1 Introduction
3.2 Value Chain Analysis
3.3 Market Drivers
3.3.1 Growth in Carpet Industry Anticipated to Drive Styrene Butadiene Latex Market
3.3.2 Growing Demand for Paper Coating Market in Asia Pacific Region Expected to Drive Styrene Butadiene Latex Market
3.4 Restraints
3.4.1 Declining Demand for Coated Paper In North America and Europe Reduces Market Profitability
3.4.2 Volatile Prices of Raw Materials are Expected to Act as a Restraint for Styrene Butadiene Latex
3.5 Opportunity
3.5.1 Growing Consumption of Cement in Construction Industry Across the World is Projected to Act as an Opportunity for Styrene Butadiene Latex
3.6 Porter’s Five Forces Analysis
3.6.1 Bargaining Power of Suppliers
3.6.2 Bargaining Power of Buyers
3.6.3 Threat of New Entrants
3.6.4 Threat of Substitutes
3.6.5 Degree of Competition
3.7 Global Styrene Butadiene Latex Market - Attractiveness Analysis
3.7.1 Global Styrene Butadiene Latex Market - Attractiveness Analysis, 2014
3.8 Global Styrene Butadiene Latex Market - Company Market Share Analysis
3.8.1 Global Styrene Butadiene Latex Market: Company Market Share Analysis, 2014 (%)
Chapter 4 Styrene Butadiene Latex Market – Raw Material & Price Analysis
4.1 Raw Material Analysis: Manufacturing Process
4.2 Raw Material Price Trends
4.3 Styrene Butadiene Latex Price Trends
Chapter 5 Styrene Butadiene Latex Market – Application Analysis
5.1 Styrene Butadiene Latex Market: Application Overview
5.1.1 Global Styrene Butadiene Latex Market Volume Share, by Application, 2014 & 2023
5.2 Paper Processing
5.2.1 Global Demand for Styrene Butadiene Latex in Paper Processing, 2014 - 2023 (Kilo Tons) (US$ Mn)
5.3 Fiber Processing
5.3.1 Global Demand for Styrene Butadiene Latex in Fiber Processing, 2014 - 2023 (Kilo Tons) (US$ Mn)
5.4 Glass Fiber Processing
5.4.1 Global Demand for Styrene Butadiene Latex in Glass Fiber Processing, 2014 - 2023 (Kilo Tons) (US$ Mn)
5.5 Paints & Coatings
5.5.1 Global Demand for Styrene Butadiene Latex in Paints & Coatings, 2014 - 2023 (Kilo Tons) (US$ Mn)
5.6 Adhesives
5.6.1 Global Demand for Styrene Butadiene Latex in Adhesives, 2014 - 2023 (Kilo Tons) (US$ Mn)
5.7 Mortar Additives
5.7.1 Global Demand for Styrene Butadiene Latex in Mortar Additives, 2014 - 2023 (Kilo Tons) (US$ Mn)
5.8 Others
5.8.1 Global Demand for Styrene Butadiene Latex in Other Applications, 2014 - 2023 (Kilo Tons) (US$ Mn)
Chapter 6 Styrene Butadiene Latex Market - Regional Analysis
6.1 Global Styrene Butadiene Latex Market: Regional Overview
6.1.1 Global Styrene Butadiene Latex Market Volume Share, by Region, 2014 & 2023
6.2 North America
6.2.1 North America Styrene Butadiene Latex Market Volume, by Application, 2014 - 2023 (Kilo Tons)
6.2.2 North America Styrene Butadiene Latex Market Revenue, by Application, 2014 - 2023 (US$ Mn)
6.2.3 U.S.
6.2.3.1 U.S. Styrene Butadiene Latex Market Volume, by Application, 2014 - 2023 (Kilo Tons)
6.2.3.2 U.S. Styrene Butadiene Latex Market Revenue, by Application, 2014 - 2023 (US$ Mn)
6.2.4 Rest of North America
6.2.4.1 Rest of North America Styrene Butadiene Latex Market Volume, by Application, 2014 - 2023 (Kilo Tons)
6.2.4.2 Rest of North America Styrene Butadiene Latex Market Revenue, by Application, 2014 - 2023 (US$ Mn)
6.3 Europe
6.3.1 Europe Styrene Butadiene Latex Market Volume, by Application, 2014 - 2023 (Kilo Tons)
6.3.2 Europe Styrene Butadiene Latex Market Revenue, by Application, 2014 - 2023 (US$ Mn)
6.3.3 Germany
6.3.3.1 Germany Styrene Butadiene Latex Market Volume, by Application, 2014 - 2023 (Kilo Tons)
6.3.3.2 Germany Styrene Butadiene Latex Market Revenue, by Application, 2014 - 2023 (US$ Mn)
6.3.4 U.K.
6.3.4.1 U.K. Styrene Butadiene Latex Market Volume, by Application, 2014 - 2023 (Kilo Tons)
6.3.4.2 U.K. Styrene Butadiene Latex Market Revenue, by Application, 2014 - 2023 (US$ Mn)
6.3.5 France
6.3.5.1 France Styrene Butadiene Latex Market Volume, by Application, 2014 - 2023 (Kilo Tons)
6.3.5.2 France Styrene Butadiene Latex Market Revenue, by Application, 2014 - 2023 (US$ Mn)
6.3.6 Spain
6.3.6.1 Spain Styrene Butadiene Latex Market, Volume by Application, 2014 - 2023 (Kilo Tons)
6.3.6.2 Spain Styrene Butadiene Latex Market Revenue, by Application, 2014 - 2023 (US$ Mn)
6.3.7 Italy
6.3.7.1 Italy Styrene Butadiene Latex Market Volume, by Application, 2014 - 2023 (Kilo Tons)
6.3.7.2 Italy Styrene Butadiene Latex Market Revenue, by Application, 2014 - 2023 (US$ Mn)
6.3.8 Finland
6.3.8.1 Finland Styrene Butadiene Latex Market Volume, by Application, 2014 - 2023 (Kilo Tons)
6.3.8.2 Finland Styrene Butadiene Latex Market Revenue, by Application, 2014 - 2023 (US$ Mn)
6.3.9 Rest of Europe
6.3.9.1 Rest of Europe Styrene Butadiene Latex Market Volume, by Application, 2014 - 2023 (Kilo Tons)
6.3.9.2 Rest of Europe Styrene Butadiene Latex Market Revenue, by Application, 2014 - 2023 (US$ Mn)
6.4 Asia Pacific
6.4.1 Asia Pacific Styrene Butadiene Latex Market Volume, by Application, 2014 - 2023 (Kilo Tons)
6.4.2 Asia Pacific Styrene Butadiene Latex Market Revenue, by Application, 2014 - 2023 (US$ Mn)
6.4.3 China
6.4.3.1 China Styrene Butadiene Latex Market Volume, by Application, 2014 - 2023 (Kilo Tons)
6.4.3.2 China Styrene Butadiene Latex Market Revenue, by Application, 2014 - 2023 (US$ Mn)
6.4.4 Japan
6.4.4.1 Japan Styrene Butadiene Latex Market Volume, by Application, 2014 - 2023 (Kilo Tons)
6.4.4.2 Japan Styrene Butadiene Latex Market Revenue, by Application, 2014 - 2023 (US$ Mn)
6.4.5 ASEAN
6.4.5.1 ASEAN Styrene Butadiene Latex Market Volume, by Application, 2014 - 2023 (Kilo Tons)
6.4.5.2 ASEAN Styrene Butadiene Latex Market Revenue, by Application, 2014 - 2023 (US$ Mn)
6.4.6 Rest of Asia Pacific
6.4.6.1 Rest of Asia Pacific Styrene Butadiene Latex Market Volume, by Application, 2014 - 2023 (Kilo Tons)
6.4.6.2 Rest of Asia Pacific Styrene Butadiene Latex Market Revenue, by Application, 2014 - 2023 (US$ Mn)
6.5 MEA
6.5.1 MEA Styrene Butadiene Latex Market Volume, by Application, 2014 - 2023 (Kilo Tons)
6.5.2 MEA Styrene Butadiene Latex Market Revenue, by Application, 2014 - 2023 (US$ Mn)
6.5.3 GCC
6.5.3.1 GCC Styrene Butadiene Latex Market Volume, by Application, 2014 - 2023 (Kilo Tons)
6.5.3.2 GCC Styrene Butadiene Latex Market Revenue, by Application, 2014 - 2023 (US$ Mn)
6.5.4 South Africa
6.5.4.1 South Africa Styrene Butadiene Latex Market Volume, by Application, 2014 - 2023 (Kilo Tons)
6.5.4.2 South Africa Styrene Butadiene Latex Market Revenue, by Application, 2014 - 2023 (US$ Mn)
6.5.5 Rest of MEA
6.5.5.1 Rest of MEA Styrene Butadiene Latex Market Volume, by Application, 2014 - 2023 (Kilo Tons)
6.5.5.2 Rest of MEA Styrene Butadiene Latex Market Revenue, by Application, 2014 - 2023 (US$ Mn)
6.6 Latin America
6.6.1 Latin America Styrene Butadiene Latex Market Volume, by Application, 2014 - 2023 (Kilo Tons)
6.6.2 Latin America Styrene Butadiene Latex Market Revenue, by Application, 2014 - 2023 (US$ Mn)
6.6.3 Brazil
6.6.3.1 Brazil Styrene Butadiene Latex Market Volume, by Application, 2014 - 2023 (Kilo Tons)
6.6.3.2 Brazil Styrene Butadiene Latex Market Revenue, by Application, 2014 - 2023 (US$ Mn)
6.6.4 Rest of Latin America
6.6.4.1 Rest of Latin America Styrene Butadiene Latex Market Volume, by Application, 2014 - 2023 (Kilo Tons)
6.6.4.2 Rest of Latin America Styrene Butadiene Latex Market Revenue, by Application, 2014 - 2023 (US$ Mn)
Chapter 7 Company Profiles
7.1 Styron LLC (Trinseo S.A.)
7.2 Asahi Kasei Chemicals Corporation
7.3 Synthomer Plc
7.4 LG Chem Ltd.
7.5 BASF SE
7.6 Dow Chemical Company
7.7 OMNOVA Solutions Inc.
7.8 Synthetic Latex Company (Pty) Ltd
7.9 Zeon Corporation
7.10 NANTEX Industry Co., Ltd
Chapter 8 Primary Findings
List of Tables
TABLE 1 Global Styrene Butadiene Latex Market, Snapshot
TABLE 2 Drivers for the Styrene Butadiene Latex Market - Impact Analysis
TABLE 3 Restraints for the Styrene Butadiene Latex Market - Impact Analysis
TABLE 4 North America Styrene Butadiene Latex Market Volume, by Application, 2014 - 2023 (Kilo Tons)
TABLE 5 North America Styrene Butadiene Latex Market Revenue, by Application, 2014 - 2023 (US$ Mn)
TABLE 6 U.S. Styrene Butadiene Latex Market Volume, by Application, 2014 - 2023 (Kilo Tons)
TABLE 7 U.S. Styrene Butadiene Latex Market Revenue, by Application, 2014 - 2023 (US$ Mn)
TABLE 8 Rest of North America Styrene Butadiene Latex Market Volume, by Application, 2014 - 2023 (Kilo Tons)
TABLE 9 Rest of North America Styrene Butadiene Latex Market Revenue, by Application, 2014 - 2023 (US$ Mn)
TABLE 10 Europe Styrene Butadiene Latex Market Volume, by Application, 2014 - 2023 (Kilo Tons)
TABLE 11 Europe Styrene Butadiene Latex Market Revenue, by Application, 2014 - 2023 (US$ Mn)
TABLE 12 Germany Styrene Butadiene Latex Market Volume, by Application, 2014 - 2023 (Kilo Tons)
TABLE 13 Germany Styrene Butadiene Latex Market Revenue, by Application, 2014 - 2023 (US$ Mn)
TABLE 14 U.K. Styrene Butadiene Latex Market Volume, by Application, 2014 - 2023 (Kilo Tons)
TABLE 15 U.K. Styrene Butadiene Latex Market Revenue, by Application, 2014 - 2023 (US$ Mn)
TABLE 16 France Styrene Butadiene Latex Market Volume, by Application, 2014 - 2023 (Kilo Tons)
TABLE 17 France Styrene Butadiene Latex Market Revenue, by Application, 2014 - 2023 (US$ Mn)
TABLE 18 Spain Styrene Butadiene Latex Market Volume, by Application, 2014 - 2023 (Kilo Tons)
TABLE 19 Spain Styrene Butadiene Latex Market Revenue, by Application, 2014 - 2023 (US$ Mn)
TABLE 20 Italy Styrene Butadiene Latex Market Volume, by Application, 2014 - 2023 (Kilo Tons)
TABLE 21 Italy Styrene Butadiene Latex Market Revenue, by Application, 2014 - 2023 (US$ Mn)
TABLE 22 Finland Styrene Butadiene Latex Market Volume, by Application, 2014 - 2023 (Kilo Tons)
TABLE 23 Finland Styrene Butadiene Latex Market Revenue, by Application, 2014 - 2023 (US$ Mn)
TABLE 24 Rest of Europe Styrene Butadiene Latex Market Volume, by Application, 2014 - 2023 (Kilo Tons)
TABLE 25 Rest of Europe Styrene Butadiene Latex Market Revenue, by Application, 2014 - 2023 (US$ Mn)
TABLE 26 Asia Pacific Styrene Butadiene Latex Market Volume, by Application, 2014 - 2023 (Kilo Tons)
TABLE 27 Asia Pacific Styrene Butadiene Latex Market Revenue, by Application, 2014 - 2023 (US$ Mn)
TABLE 28 China Styrene Butadiene Latex Market Volume, by Application, 2014 - 2023 (Kilo Tons)
TABLE 29 China Styrene Butadiene Latex Market Revenue, by Application, 2014 - 2023 (US$ Mn)
TABLE 30 Japan Styrene Butadiene Latex Market Volume, by Application, 2014 - 2023 (Kilo Tons)
TABLE 31 Japan Styrene Butadiene Latex Market Revenue, by Application, 2014 - 2023 (US$ Mn)
TABLE 32 ASEAN Styrene Butadiene Latex Market Volume, by Application, 2014 - 2023 (Kilo Tons)
TABLE 33 ASEAN Styrene Butadiene Latex Market Revenue, by Application, 2014 - 2023 (US$ Mn)
TABLE 34 Rest of Asia Pacific Styrene Butadiene Latex Market Volume, by Application, 2014 - 2023 (Kilo Tons)
TABLE 35 Rest of Asia Pacific Styrene Butadiene Latex Market Revenue, by Application, 2014 - 2023 (US$ Mn)
TABLE 36 MEA Styrene Butadiene Latex Market Volume, by Application, 2014 - 2023 (Kilo Tons)
TABLE 37 MEA Styrene Butadiene Latex Market Revenue, by Application, 2014 - 2023 (US$ Mn)
TABLE 38 GCC Styrene Butadiene Latex Market Volume, by Application, 2014 - 2023 (Kilo Tons)
TABLE 39 GCC Styrene Butadiene Latex Market Revenue, by Application, 2014 - 2023 (US$ Mn)
TABLE 40 South Africa Styrene Butadiene Latex Market Volume, by Application, 2014 - 2023 (Kilo Tons)
TABLE 41 South Africa Styrene Butadiene Latex Market Revenue, by Application, 2014 - 2023 (US$ Mn)
TABLE 42 Rest of MEA Styrene Butadiene Latex Market Volume, by Application, 2014 - 2023 (Kilo Tons)
TABLE 43 Rest of MEA Styrene Butadiene Latex Market Revenue, by Application, 2014 - 2023 (US$ Mn)
TABLE 44 Latin America Styrene Butadiene Latex Market Volume, by Application, 2014 - 2023 (Kilo Tons)
TABLE 45 Latin America Styrene Butadiene Latex Market Revenue, by Application, 2014 - 2023 (US$ Mn)
TABLE 46 Brazil Styrene Butadiene Latex Market Volume, by Application, 2014 - 2023 (Kilo Tons)
TABLE 47 Brazil Styrene Butadiene Latex Market Revenue, by Application, 2014 - 2023 (US$ Mn)
TABLE 48 Rest of Latin America Styrene Butadiene Latex Market Volume, by Application, 2014 - 2023 (Kilo Tons)
TABLE 49 Rest of Latin America Styrene Butadiene Latex Market Revenue, by Application, 2014 – 2023
List of Figures
FIG. 1 Global Styrene Butadiene Latex Market, Segmentation by Applications and Regions
FIG. 2 Global Styrene Butadiene Latex Market, 2014 – 2023 (Kilo Tons) (US$ Mn)
FIG. 3 Value Chain Analysis: Styrene Butadiene Latex Market
FIG. 4 Global Carpet & Tufted Carpet Market, 2013 – 2023 (Million Square Feet)
FIG. 5 Asia Pacific Coated Paper Production, 2013 – 2023 (Millions TPY)
FIG. 6 Asia Pacific Coated Paper Production, 2013 – 2023 (Millions TPY)
FIG. 7 Butadiene & Styrene Yearly Average Price, 2009 – 2015 (US$/Ton)
FIG. 8 Global Cement Demand, 2011 – 2023 (Billion Ton)
FIG. 9 Porter’s Five Forces Analysis
FIG. 10 Global Styrene Butadiene Latex Market - Attractiveness Analysis
FIG. 11 Global Styrene Butadiene Latex Market: Company Market Share Analysis, 2014 (%)
FIG. 12 Process Flow Chart of Styrene Butadiene Production
FIG. 13 Global Styrene and Butadiene Price Trends (2014 - 2023)
FIG. 14 Global Styrene Butadiene Latex Price Trends (2014 - 2023)
FIG. 15 Global Styrene Butadiene Latex Market Volume Share, by Application, 2014 & 2023
FIG. 16 Global Demand for Styrene Butadiene Latex in Paper Processing, 2014 - 2023 (Kilo Tons) (US$ Mn)
FIG. 17 Global Demand for Styrene Butadiene Latex in Fiber Processing, 2014 - 2023 (Kilo Tons) (US$ Mn)
FIG. 18 Global Demand for Styrene Butadiene Latex in Glass Fiber Processing, 2014 - 2023 (Kilo Tons) (US$ Mn)
FIG. 19 Global Demand for Styrene Butadiene Latex in Paints & Coatings, 2014 - 2023 (Kilo Tons) (US$ Mn)
FIG. 20 Global Demand for Styrene Butadiene Latex in Adhesives, 2014 - 2023 (Kilo Tons) (US$ Mn)
FIG. 21 Global Demand for Styrene Butadiene Latex in Mortar Additives, 2014 - 2023 (Kilo Tons) (US$ Mn)
FIG. 22 Global Demand for Styrene Butadiene Latex in Other Applications, 2014 - 2023 (Kilo Tons) (US$ Mn)
FIG. 23 Global Styrene Butadiene Latex Market Volume Share, by Region, 2014 & 2023
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