Albany, NY -- (SBWIRE) -- 06/16/2015 -- According to the report, the global styrene butadiene latex market was valued at US$ 6,809.5 Mn in 2014 and is likely to reach US$ 9,120.3 Mn in 2023, expanding at a CAGR of 3.3% between 2015 and 2023.

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The global styrene butadiene latex market demonstrates complex dynamics and its attractiveness varies with regions. Styrene butadiene latex is primarily used in applications such as paper processing, fiber processing, glass fiber processing, paints & coatings, adhesives, mortar additives, and others. Demand for styrene butadiene latex in each region depends on growth in the application segments. For instance, the coated paper market witnessed a steady decline in North America, particularly in the U.S. Hence, demand for styrene butadiene latex declined in the region.

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Demand for styrene butadiene is likely to decrease in North America and Europe due to rapid decline in the demand for coated paper. Germany and Finland are major producers of paper in Europe. However, slump in the business in these countries is likely to diminish the demand for styrene butadiene latex. Although, application of styrene butadiene latex in fiber processing is better placed compared to paper processing, fiber processing application alone is unlikely to propel the market in Europe and North America.

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In terms of absolute value, Asia Pacific is anticipated to dominate the global styrene butadiene market. The region accounts for nearly 45% of the global demand for styrene butadiene latex. In terms of volume, demand for styrene butadiene in China was the highest, holding more than 50% of the demand in Asia Pacific. Japan also accounted for close to 20% share of the demand followed by ASEAN region. High growth in carpet manufacturing industries and increase in the number of coated paper manufacturers in these countries have resulted in increased demand for styrene butadiene latex. In terms of growth rate, Latin America is expected to be the fastest growing region. Latin America, particularly Brazil, has witnessed growth in paper processing. This, in turn, is expected to translate into higher growth rate in Latin America.

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The report provides an in-depth analysis of the styrene butadiene latex market in terms of volume (kilo tons) and revenue (US$ Mn). It includes current demand analysis and forecast for each application segment at the global and regional level. Regions analyzed include North America, Europe, Asia Pacific, Latin America (LATAM), and the Middle East and Africa (MEA). Each region is further sub-segmented into the main countries or regions. The report comprises the following segments:

Styrene Butadiene Latex Market - Application Analysis
- Paper Processing
- Fiber Processing
- Glass Fiber Processing
- Paints & Coatings
- Adhesives
- Mortar Additives
- Others

Styrene Butadiene Latex - Regional Analysis

North America
- U.S.
- Rest of North America
Europe
- Germany
- U.K.
- France
- Spain
- Italy
- Finland
- Rest of Europe

Asia Pacific
- China
- Japan
- ASEAN
- Rest of APAC

Latin America
- Brazil
- Rest of LATAM

Middle East and Africa
- GCC Countries
- South Africa
- Rest of MEA

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