What is Latex Powder Market Scope?
Latex powder is organic polymer powder produced by spray drying of aqueous vinyl acetate-ethylene copolymer dispersion. Latex powder is a free-flowing powder that is used in construction to improve key properties of cement-based formulations and gypsum. There are various advantages of latex powder such as improved workability, superior adhesive strength, enhanced flexural strength, excellent abrasion resistance, and high impact resistance. Growth in the construction industry in developing countries boosting the demand for latex powder in the forecasted period.
Influencing Trend:
Use of Latex Rubber in Construction Activity to Protect from Harsh Climatic Conditions
Market Growth Drivers:
Rising Demand in the Construction Industry where it is used in diverse applications such as joint fillers, wallpaper adhesives, etc.
Challenges:
Fluctuation in the Price of Raw Material and Availability of Substitutes
Restraints:
Stringent Government Regulations
Opportunities:
Growth Construction Industry In Developing Countries and Increasing Healthcare Infrastructure Development in Emerging Economy
The Latex Powder market study is being classified by Type (Styrene Butadiene Latex Powder, Vinyl Acetate Copolymer, Vinyl Acetate Terpolymer and Others), by Application and major geographies with country level break-up.
The global latex powder market is fragmented and key players are focused on the innovation in the latex powder to sustain into the market. Rising construction activity providing a huge demand for latex powder, mostly in developing countries. Analysts at AMA predicts that Vendors from United States will contribute to the maximum growth of Global Latex Powder market throughout the predicted period.
Wacker Chemie AG (Germany), Akzo Nobel N.V. (Netherlands), BASF SE (Germany), Shandong Xindadi Industrial Group Co., Ltd. (China), Dow (United States), Hexion Inc.(United States), Ashland Global Specialty Chemicals Inc (United States), SHAANXI XUTAI TECHNOLOGY CO., LTD. (China), Puyang Yintai Industrial Trading Company Ltd (China) and Guangzhou yuanye Industrial Co.,Ltd. (China) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Quanzhou Sailun Building Materials Technology Co., Ltd. (China) and Henan Tiansheng Chemical Industries Co., Ltd (China).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Latex Powder market by Type, Application and Region.
On the basis of geography, the market of Latex Powder has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their Development Strategies
In May 2020, Trinseo, a global materials solutions provider and manufacturer of plastics, latex binders and synthetic rubber, today announced it has completed the acquisition of the vinyl pyridine latex (VP latex) business from Synthomer plc. Trinseo funded the acquisition from cash on hand; the value of the transaction is not material to the company.
In July 2021,Croatia-based developer and provider of Biocrystal technology BC Tech has launched the 3 mm latex layer with Biocrystal technology, intended for bedding, car seats, office chairs, eye masks, insoles and elements used in the aviation industry. Made of viscose, latex, and Biocrystal powder, the layer has a width of 157 cm, 3 mm thickness and 680 g/m2 weight.
Key Target Audience
Latex Powder Manufactures, Suppliers and Distributors of Latex Powder, Raw Material Suppliers, Potential Investors and Research Organisation
Latex Powder Market Study: Important Years
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Major Highlights of Market Study
Demand Determinants: Identifying top-notch application and business segments that seek high growth potentials in Latex Powder Market.
Key Strategic Developments: To target untapped regions more aggressively by focusing on product/service developments, innovation and R & D, new launches, Merger & acquisitions, JVs & partnerships.
Forces & Market Dynamics: Growth drivers, restraints & opportunities available in Latex Powder industry is examined with reference relevant market sectors and sub-sectors.
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also includes significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets, To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.