STYRENE BUTADIENE LATEXES MARKET ANALYSIS

Styrene Butadiene Latexes MarketSize and Trends

Market Outlook

Global Styrene Butadiene Latexes Market size is estimated to be valued at US$ 9,120.3 million by 2023, exhibiting a CAGR of 3.5% during the forecast period. Rapid growth of paper coating market is expected to increase the demand for styrene-butadiene and subsequently propel the market growth in the near future. Styrene-butadiene latex is majorly used for binding coated papers as it offers augmented and high coating speed coupled with binding power, which increases its brightness, smoothness, water resistance, and opacity. Moreover, it is more cost-effective than other additives, making it profitable for manufacturers. Increasing demand for styrene-butadiene latex from various industries is expected to drive growth of the market in the near future. SB latex finds applications in various industries such as additives, coatings and paints, glass fiber processing, adhesives, paper processing, and fiber processing. SB latex finds application in adhesives, which is used in construction, electrical, and automobile industry. Such high demand from various industries is expected to boost the market growth.