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Phase-Xs | Biologics & Biosimilars | Coherent Market Insights

Styrene-butadiene latex is one of the common stable emulsions, which is derived from butadiene and styrene and belongs to families of synthetic rubber. Natural latex is majorly used in medical gloves, whereas styrene-butadiene rubber (SBR) is used for mass production of tires. SBR latex consists of low styrene content, that’s why it is more elastomeric. On the contrary, SB latex contains styrene content and hence acts like plastic. SB latex has greater crosslink density, which makes it tougher and string along with better elasticity than artificial rubber. Moreover, SB latex products are diverse, as manufacturers can create different polymer compositions with different performance results. SB latex accounts for the largest share, while SBR is a smaller segment used for adhesives and molded foams.

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.

However, continuously fluctuating prices of raw materials are expected to restrain the global styrene-butadiene latexes market during the forecast period. Butadiene and styrene are derived from crude oil and crude oil prices keep on fluctuating, which is expected to market growth. Moreover, growing awareness among governments and people to conserve trees is expected to hamper growth of the market.

Market Regional Analysis 

Developed regions such as Europe is expected to hold the largest market share in global styrene-butadiene latexes market during the forecast period. This is owing to increasing consumption of styrene-butadiene latex in the region. Furthermore, North America and Asia Pacific are expected to account for significant market share during the forecast period.

Market Players

Key players operating in the global styrene-butadiene latexes market are Zeon, Styron Europe GmbH, The Dow Chemical Company, and BASF SE.

Key Developments

  • In March 2018, Trinseo – a global plastics, synthetic rubber and latex binder manufacturer inaugurated a new styrene butadiene rubber plant at Schkopau, Germany. The new plant will add 50 kilo tons of styrene butadiene capacity, increasing the current capacity by 33%. The decision is based on increasing demand for styrene rubber in the tire market.
  • In June 2019, Asahi Kasei – a petrochemicals & plastic products manufacturer announced its plans to set up a synthetic rubber plant in Europe. The company is still in its planning stage and are evaluating demand as well as butadiene competitiveness in the region.
  • In April 2016, Mallard Creek Polymers, Inc. (MCP) developed a new styrene butadiene latex – “Rovene 4541” for coatings application where high filler loading is required. Styrene butadiene latex based coatings demonstrates high binding strength and water resistance. Increasing application of styrene butadiene latex in paints and coatings application is set to drive the demand for SB latex during the forecast period.

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

Data Triangulation Methodology | Coherent Market Insights

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

Market Analysis | Coherent Market Insights

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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