Product Code: ETC4509145 | Publication Date: Jul 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India synthetic latex polymers market import shipments demonstrated a robust growth trend from 2020 to 2024, with a significant CAGR of 18.8%. The momentum accelerated further between 2023 and 2024, showing a growth rate of 19.6%. The market expanded consistently, indicating strong demand and market dynamics favoring growth.
The synthetic latex polymers market in India is expanding as industries seek high-performance and cost-effective alternatives to natural latex. These synthetic latex polymers are used in paints, coatings, adhesives, and textiles. As India manufacturing and construction sectors continue to grow, the demand for synthetic latex polymers is expected to rise, driven by their versatility and performance characteristics.
The synthetic latex polymers market in India is primarily driven by the construction, paints and coatings, and adhesives industries. Synthetic latex polymers are used in a wide range of applications, including paints, adhesives, sealants, and construction materials. With the expansion of the construction sector and the need for high-performance coatings and adhesives, the demand for synthetic latex polymers is rising. Additionally, consumer preferences for water-based and environmentally friendly products are influencing the market as these polymers offer low VOC emissions. As industries continue to evolve, the synthetic latex polymers market is set to grow.
The synthetic latex polymers market in India grapples with challenges related to achieving the right balance between cost-effective production and product quality. The competition with natural latex and other synthetic materials necessitates innovation in latex formulations to cater to a wide range of industries, from textiles to adhesives. Environmental regulations and the demand for sustainable polymers further drive the need for eco-friendly latex production. Market players must invest in research and development to create latex polymers that meet these multifaceted challenges.
The synthetic latex polymers market faced challenges during the pandemic as sectors like textiles and adhesives temporarily reduced their consumption. However, the recovery of these industries and the growing awareness of sustainable and eco-friendly materials are expected to drive the market`s growth in the post-pandemic era.
Prominent companies operating in the synthetic latex polymers market in India include Wacker Chemie AG, BASF SE, Synthomer, Omnova Solutions, and Dow Chemical Company.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Synthetic Latex Polymers Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Synthetic Latex Polymers Market Revenues & Volume, 2021 & 2031F |
3.3 India Synthetic Latex Polymers Market - Industry Life Cycle |
3.4 India Synthetic Latex Polymers Market - Porter's Five Forces |
3.5 India Synthetic Latex Polymers Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 India Synthetic Latex Polymers Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 India Synthetic Latex Polymers Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for eco-friendly and sustainable products in various industries such as construction, textiles, and automotive. |
4.2.2 Growth in the paints and coatings industry, which is a major consumer of synthetic latex polymers. |
4.2.3 Technological advancements leading to the development of new and improved synthetic latex polymer products. |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials such as styrene and butadiene impacting the production costs of synthetic latex polymers. |
4.3.2 Stringent environmental regulations regarding the disposal of synthetic latex polymers waste. |
4.3.3 Competition from substitutes such as natural latex and bio-based polymers. |
5 India Synthetic Latex Polymers Market Trends |
6 India Synthetic Latex Polymers Market, By Types |
6.1 India Synthetic Latex Polymers Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Synthetic Latex Polymers Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 India Synthetic Latex Polymers Market Revenues & Volume, By Styrene Acrylic, 2021-2031F |
6.1.4 India Synthetic Latex Polymers Market Revenues & Volume, By Acrylic, 2021-2031F |
6.1.5 India Synthetic Latex Polymers Market Revenues & Volume, By SB Latex, 2021-2031F |
6.1.6 India Synthetic Latex Polymers Market Revenues & Volume, By VAE, 2021-2031F |
6.1.7 India Synthetic Latex Polymers Market Revenues & Volume, By PVAc, 2021-2031F |
6.1.8 India Synthetic Latex Polymers Market Revenues & Volume, By Vinyl Acetate CoPolymer, 2021-2031F |
6.2 India Synthetic Latex Polymers Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 India Synthetic Latex Polymers Market Revenues & Volume, By Paints & Coatings, 2021-2031F |
6.2.3 India Synthetic Latex Polymers Market Revenues & Volume, By Adhesives & Sealants, 2021-2031F |
6.2.4 India Synthetic Latex Polymers Market Revenues & Volume, By Paper & Paperboard, 2021-2031F |
6.2.5 India Synthetic Latex Polymers Market Revenues & Volume, By Carpets, 2021-2031F |
6.2.6 India Synthetic Latex Polymers Market Revenues & Volume, By Nonwovens, 2021-2031F |
7 India Synthetic Latex Polymers Market Import-Export Trade Statistics |
7.1 India Synthetic Latex Polymers Market Export to Major Countries |
7.2 India Synthetic Latex Polymers Market Imports from Major Countries |
8 India Synthetic Latex Polymers Market Key Performance Indicators |
8.1 Research and development investment in new synthetic latex polymer formulations. |
8.2 Adoption rate of synthetic latex polymers in key end-user industries. |
8.3 Environmental impact assessment and sustainability initiatives in synthetic latex polymer production processes. |
9 India Synthetic Latex Polymers Market - Opportunity Assessment |
9.1 India Synthetic Latex Polymers Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 India Synthetic Latex Polymers Market Opportunity Assessment, By Application, 2021 & 2031F |
10 India Synthetic Latex Polymers Market - Competitive Landscape |
10.1 India Synthetic Latex Polymers Market Revenue Share, By Companies, 2024 |
10.2 India Synthetic Latex Polymers Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |