| Product Code: ETC4509149 | Publication Date: Jul 2023 | Updated Date: Nov 2025 | Product Type: Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
Indonesia`s import trend for synthetic latex polymers in 2024 saw a growth rate of 13.78%, marking a slight improvement from the 0.42% compound annual growth rate (CAGR) observed from 2020 to 2023. This uptick in import momentum could be attributed to a shift in demand dynamics or market stabilization following earlier fluctuations.
The synthetic latex polymers market in Indonesia has experienced notable growth, driven by the construction, paints and coatings, and adhesives industries. These polymers are favored for their versatility, excellent adhesion properties, and environmental friendliness. The growth in construction activities, coupled with the increasing emphasis on sustainable and eco-friendly materials, has propelled the market`s expansion.
The synthetic latex polymers market in Indonesia is propelled by several driving factors. Firstly, the growing construction industry is a significant contributor to the demand for synthetic latex polymers. These polymers are used in a variety of construction applications, including paints, adhesives, and sealants, as they provide durability, flexibility, and adhesion properties. Moreover, the textile industry`s expansion has led to increased demand for synthetic latex polymers in the production of coated fabrics, ensuring they are water-resistant and durable. Additionally, as consumers become more environmentally conscious, there is a shift towards water-based coatings and adhesives, further boosting the synthetic latex polymers market as they are considered more environmentally friendly than solvent-based alternatives.
The synthetic latex polymers market in Indonesia faces several challenges. Adapting to diverse end-use applications and formulating latex products with the required properties can be complex. Meeting quality standards and addressing concerns related to allergenicity and VOC emissions are critical considerations. Additionally, market players must navigate price volatility in raw materials like styrene and butadiene.
The synthetic latex polymers market faced disruptions in the production and supply chain during the pandemic. Reduced industrial activities and manufacturing temporarily decreased demand. However, with the revival of industries, the market is poised to rebound.
Key players in the Indonesia synthetic latex polymers market include PT TPC Indo Plastic and Chemicals, PT Styrolution Indonesia, and PT Polytama Propindo.
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 Indonesia Synthetic Latex Polymers Market Overview |
3.1 Indonesia Country Macro Economic Indicators |
3.2 Indonesia Synthetic Latex Polymers Market Revenues & Volume, 2021 & 2031F |
3.3 Indonesia Synthetic Latex Polymers Market - Industry Life Cycle |
3.4 Indonesia Synthetic Latex Polymers Market - Porter's Five Forces |
3.5 Indonesia Synthetic Latex Polymers Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Indonesia Synthetic Latex Polymers Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Indonesia Synthetic Latex Polymers Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand from end-user industries such as textiles, paints, and adhesives |
4.2.2 Increasing investments in infrastructure projects driving the construction industry |
4.2.3 Favorable government policies promoting the use of synthetic latex polymers in various applications |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials impacting production costs |
4.3.2 Environmental concerns leading to a shift towards eco-friendly alternatives |
4.3.3 Intense competition from substitute products like natural latex |
5 Indonesia Synthetic Latex Polymers Market Trends |
6 Indonesia Synthetic Latex Polymers Market, By Types |
6.1 Indonesia Synthetic Latex Polymers Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Indonesia Synthetic Latex Polymers Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 Indonesia Synthetic Latex Polymers Market Revenues & Volume, By Styrene Acrylic, 2021-2031F |
6.1.4 Indonesia Synthetic Latex Polymers Market Revenues & Volume, By Acrylic, 2021-2031F |
6.1.5 Indonesia Synthetic Latex Polymers Market Revenues & Volume, By SB Latex, 2021-2031F |
6.1.6 Indonesia Synthetic Latex Polymers Market Revenues & Volume, By VAE, 2021-2031F |
6.1.7 Indonesia Synthetic Latex Polymers Market Revenues & Volume, By PVAc, 2021-2031F |
6.1.8 Indonesia Synthetic Latex Polymers Market Revenues & Volume, By Vinyl Acetate CoPolymer, 2021-2031F |
6.2 Indonesia Synthetic Latex Polymers Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Indonesia Synthetic Latex Polymers Market Revenues & Volume, By Paints & Coatings, 2021-2031F |
6.2.3 Indonesia Synthetic Latex Polymers Market Revenues & Volume, By Adhesives & Sealants, 2021-2031F |
6.2.4 Indonesia Synthetic Latex Polymers Market Revenues & Volume, By Paper & Paperboard, 2021-2031F |
6.2.5 Indonesia Synthetic Latex Polymers Market Revenues & Volume, By Carpets, 2021-2031F |
6.2.6 Indonesia Synthetic Latex Polymers Market Revenues & Volume, By Nonwovens, 2021-2031F |
7 Indonesia Synthetic Latex Polymers Market Import-Export Trade Statistics |
7.1 Indonesia Synthetic Latex Polymers Market Export to Major Countries |
7.2 Indonesia Synthetic Latex Polymers Market Imports from Major Countries |
8 Indonesia Synthetic Latex Polymers Market Key Performance Indicators |
8.1 Percentage of market share held by synthetic latex polymers in key end-user industries |
8.2 Adoption rate of synthetic latex polymers in emerging applications |
8.3 Investment in research and development for product innovation and enhancement |
9 Indonesia Synthetic Latex Polymers Market - Opportunity Assessment |
9.1 Indonesia Synthetic Latex Polymers Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Indonesia Synthetic Latex Polymers Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Indonesia Synthetic Latex Polymers Market - Competitive Landscape |
10.1 Indonesia Synthetic Latex Polymers Market Revenue Share, By Companies, 2024 |
10.2 Indonesia Synthetic Latex Polymers Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |