LONDON--(BUSINESS WIRE)--The demand for coated, moisture-proof paper, and release paper in assorted perishable and non-perishable product packaging are increasing. The ban on plastic bags has also contributed to the growth of the paper and paperboard packaging market. SB latex is widely used as a latex binder in the production of such coated/pigmented paper and packaging paper. The expansion of the paper and paperboard packaging industry is bound to boost the demand for styrene butadiene latex and drive the styrene-butadiene latex market growth. This industry research report also presents a competitive analysis of the market by application (paper processing, fiber and carpet processing, glass fiber processing, adhesives, and others) and geography (APAC, Europe, MEA, North America, and South America).
Competitive vendor landscape
The global Styrene Butadiene (SB) Latex market is highly competitive with major vendors such as Asahi Kasei Corporation, BASF SE, DowDuPont, LG Chem, synthomer plc, and Trinseo on the basis of their product/service offerings.
“To gain higher market shares, companies as a key strategy are involved in acquisitions and partnerships along with effective product launches. Leading corporations are aggressively pursuing to enhance their capabilities to gain a competitive edge through joint ventures, MoUs, and agreements or acquisitions,” says a senior analyst at Technavio.
Top five Styrene Butadiene (SB) Latex market vendors
Asahi Kasei Corporation
The company operates in four segments: Material, Homes, Health Care, and Others. Asahi Kasei offers SB latex products of different grades used in various applications, including paper processing, fiber processing, adhesive/pressure-sensitive production, glass fabric processing, and paint.
BASF SE
The company runs its operations through five segments: Chemicals, Performance products, Functional materials and solutions, Agricultural solutions, and Others. The company offers SB latex products under the series Butonal. The SB latex products offered by the company are used in concrete repair, paper processing, bond coating, waterproofing, and other applications.
DowDuPont
DowDuPont runs its operations through eight segments: Agriculture, Performance materials and coatings, Industrial intermediates and infrastructure, Packaging and specialty plastics, Electronics and imaging, Nutrition and biosciences, Transportation and advanced polymers, and Safety and construction. The company's offerings include Dow Latex LXC 771NA, which is used in the production of high-quality coated paper, paperboard, carpet backing, concrete modification, and binders for paints and coatings.
LG Chem
The company runs its operations through five segments: Basic materials and chemicals, Energy solutions, IT and electronics materials, Life sciences, and Common and others. The company offers a wide range of SB latex products of different grades under the tradename Lutex. SB latex products produced by the company are used in paper coating and paper and paperboard production.
synthomer plc
The company runs its operations through three segments: Performance elastomers, Functional solutions, and Industrial Specialties. The company offers a wide range of SB latex products under LIPATON series. Some of the products include LIPATON SB 20W20, LIPATON SB 2540, and LIPATON SB 47B40.
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