Latex Binders Market

Latex Binders Market by Type (Styrene Acrylic, Styrene Butadiene), End-use Industry (Paints & Coating, Adhesive & Sealant, Paper & Paperboard, Textile & Carpet, Construction & Fiber Bonding Materials), and Region - Global Forecast to 2026

Report Code: CH 7949 Jul, 2021, by marketsandmarkets.com

[248 Pages Report] The global latex binders market size is estimated at USD 6.6 billion in 2021 and is projected to reach USD 9.0 billion by 2026, at a CAGR of 6.5%. The latex binders market growth is majorly driven by the growing paints & coating, adhesive & sealant, textile & carpet, construction & fiber bonding materials, and other industries, in the emerging economies of APAC. Also, the increasing styrene-butadiene applications globally will drive market growth.

Latex Binders Market

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COVID-19 impact on the Global Latex binders Market

Production of different types of latex binders, such as SA, SB, and other was normal till mid-march but after the COVID-19 pandemic the situation deteriorates at a huge scale due to the following reasons:

  • Lack of demand for latex binders in construction
  • Reduced workforce availability
  • Government regulations to close the production facility
  • Reduced operating capacity of the production facility
  • Disruption in foam supply chain from raw material sourcing to end products
  • Closing of international borders for shipment

COVID-19 has created disruption in all end-use industries, such as paints & coating, automotive, textile & carpet, adhesive & sealant, building & construction, automotive, and electronics. Due to disruption, the demand for latex binders type has reduced drastically. Manufacturing facilities are either forced to close due to government regulations or voluntarily due to lack of demand.

Export activities have reduced drastically or completely shut down to prevent the spread of COVID-19 across the world, subsequently, transportation through air, water, and land were suspended for almost 3 months across the world. All these factors have lowered the demand for foam products across industries, which has caused a shrink in market size, growth rate, and potential investment in the latex binders industry.  Consumer spending has also reduced and limits to necessary daily products due to uncertain future situations.

Latex binders Market Dynamics

Driver: Increasing demand for technical textiles

Technical textile is a fabric designed for specific purposes with unique and exclusive characteristics which are different to those of regular fabrics. This textile is a combination of advanced technology and excellent properties such as mechanical resistance, elasticity, reinforcement, anti-dust, tenacity, insulation, thermal & fire resistance, and resistance to ultraviolet (UV) rays and insulation. Technical textiles are used for non-aesthetic applications in the automotive, personal hygiene, sports & leisure, industrial, packaging, and textile industries. Rise in the consumption of technical textiles in these applications is increasing the demand for latex binders which are used to impart advanced properties to technical textiles. Latex binders are majorly used for solvent-resistant surface coatings, print coatings, and flocking applications.

Technical textiles is one of the most innovative product segments in the global textile industry due to its increasing attractiveness and adaptability in nonwoven fabrics. The continuous growth of the automotive industry is fueling the demand for technical textiles. Emerging economies such as China and India are focusing on adopting the latest technologies and manufacturing processes in various industry segments. This has initiated the adoption of technical textiles across various industrial verticals, thereby increasing demand for latex binders.

Restraint: Volatility in raw materials prices

There is volatility in raw material prices and the cost of energy used in manufacturing latex binders. Latex binders are man-made and essential material used in various end-use industries to enhance the physical and mechanical properties of products. The main raw materials used in the manufacture of latex binders are the petroleum compounds, styrene, and butadiene. However, the latex binders are man-made. Thus, sudden increases or decreases in prices affect the profit margins of manufacturers. Fluctuations in the final prices of the products is also attributed to the changes in the prices of energy and crude oil which are used for manufacturing and transporting these materials. These fluctuations, in turn, result in the volatility of prices of the finished products.

Opportunity: Increasing Industrial & commercial construction

Industrial growth after the economic slowdown has led to a rise in new constructions, both, commercial and residential. The construction of factories, manufacturing plants, stadiums, and offices has increased. This is projected to directly drive the demand for sustainable and safe roof and flooring solutions for this infrastructure. Latex styrene-acrylic binders offer a good balance of properties such as weatherability, elongation, water resistance, caustic resistance, and excellent dirt resistance capabilities. Due to these factors, the demand for latex-based roof and floor coatings in industries is projected to remain high. According to the European Construction Industry Federation (FIEC), construction activity in the European Union (EU) is expected to increase by approximately 3.3% in 2021 as compared to 2019. Furthermore, initiatives for the construction of green buildings are projected to contribute to the growth of the construction sector, and thus the demand for roof and floor paints & coating globally remains high, as they are durable and cost-effective solutions.

Challenges: Rising demand for bio-based latex binders in Europes

Bio-based latex was introduced in Europe as a substitute for carboxylated styrene-butadiene and styrene acrylate binders. The bio-based latex is manufactured using starch along with other bio-based and chemical components. These binders offer a direct substitute to the traditionally used SA and SB latex binders in the paper and board industry. Apart from being an environment-friendly alternative to the traditional SA and SB latex binders, bio-based binders offer other commercial benefits such as superior binder performance and cost savings for the paper and board industry. It can be transported in the form of dry product, thus saving transactional costs associated with the transportation of SA binders and SB binders. These binders also offer other physical benefits such as improved runnability, water retention, fiber coverage, coating holdout, and superior binder performance. Thus, developing bio-based binders pose challenges in substituting SA and SB latex binders, particularly in the graphical paper subsegment of the paper & paperboard industry.

Styrene-butadiene segment is estimated to dominate the overall latex binders market.

The styrene-butadiene binder has a high demand from latex binder manufactures for applications in various end-use industries. This segment can further be classified into styrene-butadiene rubber and styrene-butadiene copolymer. Some of the primary advantages of styrene-butadiene binders are good handling properties, ease of application, and high bonding strength. These binders are projected to dominate the market due to their high aging resistance.

Paints & coating is the largest market for latex binders by end-use industry.

The paints & coating end-use industry is projected to dominate the global latex binder market during the forecast period. The latex binder is used as an emulsion in architectural paints. The primary function of the latex binder in the paints & coating segment is to decorate and protect new construction as well as the maintenance of existing structures. Other miscellaneous applications of the latex binder in this segment include traffic paints, vehicle refinishing, high-performance coatings for industrial plants and equipment, and protection of marine structures and vessels. Increasing construction activities in the APAC and MEA regions are the major drivers for this end-use industry, which is projected to lead the market during the forecast period from 2021 to 2026.

APAC is projected to be the largest latex binders market.

APAC is estimated to be the largest latex binders market during the forecast period. Among China, Japan, South Korea, India, Thailand, Indonesia and Rest of APAC, China was the largest consumer of latex binders in the region as of 2020 in terms of value as well as volume. The major production base of SB latex binders situated in China and the increasing usage of this latex binders in various end-use industries are the major factors driving the latex binders market in the region.

Latex Binders Market by Region

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Latex Binders Market Interconnections

Key Market Players

Trinseo (US), BASF (Germany), Wacker Chemie (Germany), Arkema (France), Celanese Corporation (UK), Dow(US), DIC Corporation(Japan), Synthomer Plc (UK), Omnova Solutions (US), Dairen Chemical Corporation (Taiwan)  are the key players operating in the latex binders market. These companies have adopted several growth strategies to strengthen their position in the market. Expansion, new product development, merger & acquisition, and collaboration are the key growth strategies adopted by these players to enhance their product offering & regional presence to meet the growing demand for latex binders from emerging economies.

Scope of the report

Report Metric

Details

Years considered for the study

2019–2026

Base year

2020

Forecast period

2021–2026

Units considered

Value (USD Million), Volume (Kiloton)

Segments

Type, End-use Industry

Regions

North America, Europe, APAC, the Middle East & Africa, and South America

Companies

Trinseo (US), BASF SE (Germany), Wacker Chemie (Germany), Arkema (France), Synthomer Plc (UK), Celanese Corporation (US), Omnova Solutions (US), Dairen Chemical (Taiwan), Arlanxeo (Netherlands), Kalpana Polymers (India), Shandong Hearst Building Material (China), Visen Industries (India), Jesons (India), Acquos (Australia), Organik Kimya (Turkey), Puyang Yintai Industrial Trading (China), Bosson Union Tech (China), ADPL Group (India), Sakshi Chem Sciences (India), Apcotex (India), Bangkok Synthetics (Bangkok), Goodyear Chemical (US), Jubilant Agri & Consumer Products (India), Kumho Petrochemical (South Korea), Lion Elastomers (US), Lubrizol (US), Shanghai Baolijia (China), Shanxi Sanwei (China), Sibur (Russia), and Sumitomo Chemical (Japan)

This research report categorizes the latex binders market based on type, end-use industry, and region.

Based on the type:

  • Styrene Acrylic
  • Styrene-Butadiene
  • Others

Based on the end-use industry:

  • Paints & Coating
  • Adhesive & Sealant
  • Paper & Paperboard
  • Textile & Carpet
  • Construction & Fiber Bonding Materials
  • Others

Based on the region:

  • APAC
  • Europe
  • North America
  • Middle East & Africa
  • South America

Recent Developments

  • In May 2020, Trinseo announced the usage of its SB latex binders for geogrid applications in construction. Geogrids are commonly used as a reinforcement treatment on soft soil foundation, roadbeds, dams, hillsides, and in mining projects to strengthen foundations and enhance their protective capabilities, thereby improving the bearing capacity and stability of materials. Trinseo’s styrene-butadiene (SB) latex is expected to be an important binding material for geogrids which enables excellent fiber positioning ability, adhesion, and retention. This product improves the overall quality and durability of infrastructure projects.
  • In April 2021, BASF SE extended its paper and board coatings partnership with Omya for minimum four years. Under this partnership, BASF SE is expected to continue to supply its binders and coating additives for the formulation of paper and board coatings.
  • In March 2020, Wacker Chemie AG launched a new product range of polymeric binders based on renewable raw materials. This product line is launched under the VINNECO brand of the company. The product line finds application primarily in the construction end-use industry, in waterproofing membranes or dry-mix mortars. The new product launch helped the company in venturing into the sustainable products category for the construction industry.
  • In April 2020, Arkema launched a new vinyl acrylic binder under the variant name, ENCOR DC 3478, for soil stabilization and dust control applications. The new product offers a chemical binding process aid for use in spray-applied products and is ideal for both, topical and full-depth formulations.
  • In March 2021, Celanese Corporation expanded the production capacity of its vinyl acetate monomer facility, located in Nanjing, China. Celanese is expected to initially increase the annual VAM production capacity at its Nanjing facility by 50KT to 60KT, with a phased approach of up to 90KT additional annual production capacity expected. Overall, the expansion is expected to increase the annual VAM capacity at the Nanjing facility from approximately 300KT to 400KT. This is expected to enhance the company's binders market position in the Asian region.

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 33)
    1.1 OBJECTIVES OF THE STUDY
    1.2 MARKET DEFINITION
    1.3 MARKET SCOPE
           1.3.1 LATEX BINDERS MARKET SEGMENTATION
           1.3.2 REGIONS COVERED
           1.3.3 YEARS CONSIDERED FOR THE STUDY
    1.4 CURRENCY
    1.5 UNIT CONSIDERED
    1.6 STAKEHOLDERS

2 RESEARCH METHODOLOGY (Page No. - 36)
    2.1 RESEARCH DATA
           FIGURE 1 LATEX BINDERS MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 List of major secondary sources
                    2.1.1.2 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Key data from primary sources
                    2.1.2.2 Breakdown of primary interviews
           2.1.3 PRIMARIES
                    2.1.3.1 Latex binders
    2.2 MARKET SIZE ESTIMATION
           FIGURE 2 LATEX BINDERS MARKET SIZE ESTIMATION
           2.2.1 TOP-DOWN APPROACH
                    2.2.1.1 Approach for arriving at market size using top-down analysis
                                FIGURE 3 TOP-DOWN APPROACH
           2.2.2 BOTTOM-UP APPROACH
                    2.2.2.1 Approach for arriving at market size using bottom-up analysis
                                FIGURE 4 BOTTOM-UP APPROACH
                                FIGURE 5 MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH (DEMAND SIDE)
                                FIGURE 6 MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH (SUPPLY SIDE)
    2.3 DATA TRIANGULATION
           FIGURE 7 LATEX BINDERS MARKET: DATA TRIANGULATION
    2.4 ASSUMPTIONS
    2.5 LIMITATIONS
    2.6 RISKS
           TABLE 1 RISKS ASSOCIATED
    2.7 GROWTH FORECAST ASSUMPTIONS
           2.7.1 GROWTH RATE ASSUMPTIONS /GROWTH FORECAST
           2.7.2 LATEX BINDERS MARKET
                    2.7.2.1 Supply Side
                                FIGURE 8 MARKET CAGR PROJECTIONS FROM THE SUPPLY SIDE
                    2.7.2.2 Demand Side
                                FIGURE 9 APPROACH FOR MARKET SIZING FROM THE DEMAND SIDE
                    2.7.2.3 Insights from primary experts
                                FIGURE 10 MARKET VALIDATION FROM PRIMARY EXPERTS

3 EXECUTIVE SUMMARY (Page No. - 48)
   FIGURE 11 STYRENE BUTADIENE BINDER SEGMENT TO LEAD THE MARKET BY 2026
   FIGURE 12 PAINTS & COATING TO BE THE LARGEST END-USE INDUSTRY OF LATEX BINDERS DURING THE FORECAST PERIOD
   FIGURE 13 EUROPE TO LEAD THE LATEX BINDERS MARKET BETWEEN 2021 AND 2026

4 PREMIUM INSIGHTS (Page No. - 51)
    4.1 EMERGING ECONOMIES TO WITNESS A RELATIVELY HIGHER DEMAND FOR LATEX BINDERS
           FIGURE 14 EMERGING ECONOMIES OFFER ATTRACTIVE OPPORTUNITIES IN THE LATEX BINDER MARKET DURING THE FORECAST PERIOD
    4.2 LATEX BINDERS MARKET, BY TYPE
           FIGURE 15 STYRENE BUTADIENE BINDERS TO LEAD THE LATEX BINDERS MARKET DURING THE FORECAST PERIOD
    4.3 LATEX BINDERS MARKET, BY END-USE INDUSTRY
           FIGURE 16 PAINTS & COATING END-USE INDUSTRY IS PROJECTED TO LEAD THE LATEX BINDERS MARKET BY 2026
    4.4 APAC: LATEX BINDERS MARKET, BY END-USE INDUSTRY AND COUNTRY
           FIGURE 17 CHINA WAS THE LARGEST MARKET FOR LATEX BINDERS IN THE APAC IN 2020
    4.5 LATEX BINDERS MARKET, BY COUNTRY
           FIGURE 18 THE LATEX BINDERS MARKET IN INDIA IS PROJECTED TO GROW AT THE HIGHEST CAGR FROM 2021 TO 2026

5 MARKET OVERVIEW (Page No. - 54)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
           FIGURE 19 OVERVIEW OF FACTORS GOVERNING THE LATEX BINDERS MARKET
           5.2.1 DRIVERS
                    5.2.1.1 Increasing demand from technical textiles
                    5.2.1.2 Increase in demand for protective coatings for roofs and floors in industrial and commercial facilities
                    5.2.1.3 Increasing demand from emerging economies
                    5.2.1.4 Rising per capita consumption of paints
           5.2.2 RESTRAINTS
                    5.2.2.1 Volatility in raw material prices
                                FIGURE 20 CRUDE OIL PRICE TRENDS
                    5.2.2.2 Risks associated with spray drying during the production of powdered latex binders
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Increased demand for water-based acrylic latex binders in emerging markets
                    5.2.3.2 Increase in industrial and commercial construction
                    5.2.3.3 Increase in population and rapid urbanization leading to large number of construction projects
           5.2.4 CHALLENGES
                    5.2.4.1 Manufacture of low-VOC latex binders
                    5.2.4.2 Rise in demand for bio-based latex binders in Europe
    5.3 PORTER’S FIVE FORCES ANALYSIS
           FIGURE 21 PORTER’S FIVE FORCES ANALYSIS: LATEX BINDERS MARKET
           5.3.1 THREAT OF NEW ENTRANTS
           5.3.2 THREAT OF SUBSTITUTES
           5.3.3 BARGAINING POWER OF BUYERS
           5.3.4 BARGAINING POWER OF SUPPLIERS
           5.3.5 INTENSITY OF COMPETITIVE RIVALRY
    5.4 VALUE CHAIN ANALYSIS
           FIGURE 22 LATEX BINDERS MARKET: SUPPLY CHAIN/VALUE CHAIN
           5.4.1 LATEX BINDER RAW MATERIAL SUPPLIERS
           5.4.2 LATEX BINDER MANUFACTURERS
           5.4.3 END-USE INDUSRIES
    5.5 LATEX BINDERS MARKET ECOSYSTEM
           FIGURE 23 LATEX BINDER ECOSYSTEM
           TABLE 2 LATEX BINDERS MARKET: ECOSYSTEM
    5.6 LATEX BINDERS: YC AND YCC SHIFT
           FIGURE 24 LATEX BINDERS: YC AND YCC SHIFT
    5.7 PRICING ANALYSIS
           TABLE 3 GLOBAL AVERAGE PRICES OF LATEX BINDERS (USD/KT)
    5.8 LATEX BINDER: PATENT ANALYSIS
           5.8.1 INTRODUCTION
           5.8.2 METHODOLOGY
           5.8.3 DOCUMENT TYPE
                    FIGURE 25 THE GRANTED PATENTS ARE 29% OF THE TOTAL DURING THE LAST TEN YEARS.
                    FIGURE 26 PUBLICATION TRENDS - LAST TEN YEARS
           5.8.4 INSIGHT
           5.8.5 JURISDICTION ANALYSIS
           5.8.6 TOP COMPANIES/APPLICANTS
    5.9 CASE STUDY ANALYSIS
           5.9.1 CASE STUDY FOR TRINSEO
                    5.9.1.1 Construction geogrid application using SB latex binders
                    5.9.1.2 Latex binders in open mesh applications
    5.10 TARIFFS & REGULATIONS
           5.10.1 VOC REGULATIONS IN THE US
    5.11 TRADE ANALYSIS
           5.11.1 IMPORT-EXPORT SCENARIO OF THE LATEX BINDERS MARKET
                     TABLE 4 IMPORT TRADE DATA FOR CARPETS & OTHER TEXTILE FLOOR COVERINGS FOR SELECTED COUNTRIES, 2019 & 2020
                     TABLE 5 EXPORT TRADE DATA FOR CARPETS & OTHER TEXTILE FLOOR COVERINGS FOR SELECTED COUNTRIES, 2019 & 2020
                     TABLE 6 IMPORT TRADE DATA FOR PRINTED BOOKS, NEWSPAPERS, PICTURES AND OTHER PRODUCTS OF THE PRINTING INDUSTRY; MANUSCRIPTS FOR SELECTED COUNTRIES, 2019 & 2020
                     TABLE 7 EXPORT TRADE DATA FOR PRINTED BOOKS, NEWSPAPERS, PICTURES AND OTHER PRODUCTS OF THE PRINTING INDUSTRY; MANUSCRIPTS FOR SELECTED COUNTRIES, 2019 & 2020
    5.12 MACROECONOMIC INDICATORS
           5.12.1 INTRODUCTION
           5.12.2 GDP GROWTH RATE OF MAJOR ECONOMIES
                     TABLE 8 OVERVIEW OF GDP PROJECTIONS FOR SELECTED COUNTRIES FROM 2019 TO 2022
           5.12.3 TRENDS AND FORECAST FOR THE GLOBAL CONSTRUCTION INDUSTRY
                     FIGURE 27 GLOBAL SPENDING IN THE CONSTRUCTION INDUSTRY, 2017–2025
    5.13 COVID-19 IMPACT ANALYSIS
           5.13.1 COVID-19 ECONOMIC ASSESSMENT
           5.13.2 MAJOR ECONOMIC EFFECTS OF COVID-19 IN 2020 AND 2021
           5.13.3 EFFECTS ON GDPS OF COUNTRIES
                     FIGURE 28 GDP FORECASTS ON END APPLICATIONS IN 2020
           5.13.4 SCENARIO ASSESSMENT
                     FIGURE 29 FACTORS IMPACTING ECONOMIES OF COUNTRIES IN 2020
           5.13.5 IMPACT ON LATEX BINDERS INDUSTRY

6 LATEX BINDERS MARKET, BY TYPE (Page No. - 80)
    6.1 INTRODUCTION
           FIGURE 30 STYRENE BUTADIENE BINDER SEGMENT TO LEAD THE LATEX BINDERS MARKET
           TABLE 9 LATEX BINDERS MARKET SIZE, BY TYPE, 2017–2020 (KILOTON)
           TABLE 10 LATEX BINDERS MARKET SIZE, BY TYPE, 2021–2026 (KILOTON)
           TABLE 11 LATEX BINDERS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION)
           TABLE 12 LATEX BINDERS MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
    6.2 STYRENE BUTADIENE
           6.2.1 HIGH AGING RESISTANCE TO FUEL THE DEMAND FOR STYRENE BUTADIENE RUBBER IN THE SPORTS SURFACE COATINGS APPLICATION
           6.2.2 STYRENE BUTADIENE COPOLYMER
           6.2.3 STYRENE BUTADIENE RUBBER
    6.3 STYRENE ACRYLIC
           6.3.1 STYRENE ACRYLIC IS LOW-VOC CONTENT, AND HENCE HAS HIGH DEMAND IN VARIOUS APPLICATIONS
    6.4 OTHERS

7 LATEX BINDERS MARKET, BY END-USE INDUSTRY (Page No. - 85)
    7.1 INTRODUCTION
           FIGURE 31 PAINTS & COATING SEGMENT TO LEAD THE LATEX BINDERS MARKET
           TABLE 13 LATEX BINDERS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
           TABLE 14 LATEX BINDERS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (KILOTON)
           TABLE 15 LATEX BINDERS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
           TABLE 16 LATEX BINDERS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
    7.2 PAINTS & COATING
           7.2.1 PAINTS & COATING WAS THE LARGEST SEGMENT OF THE LATEX BINDERS MARKET IN 2020
                    TABLE 17 LATEX BINDERS: PAINTS & COATING MARKET SIZE, BY REGION, 2017–2020 (KILOTON)
                    TABLE 18 LATEX BINDERS: PAINTS & COATING MARKET SIZE, BY REGION, 2021–2026 (KILOTON)
                    TABLE 19 LATEX BINDERS: PAINTS & COATING MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 20 LATEX BINDERS: PAINTS & COATING MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
    7.3 ADHESIVE & SEALANT
           7.3.1 FAST CURING TIME AND EXCELLENT OXIDATION-RESISTANCE OF LATEX BINDER MAKES IT SUITABLE FOR USE IN ADHESIVES & SEALANTS
                    TABLE 21 LATEX BINDERS: ADHESIVE & SEALANT MARKET SIZE, BY REGION, 2017–2020 (KILOTON)
                    TABLE 22 LATEX BINDERS: ADHESIVE & SEALANT MARKET SIZE, BY REGION, 2021–2026 (KILOTON)
                    TABLE 23 LATEX BINDERS: ADHESIVE & SEALANT MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 24 LATEX BINDERS: ADHESIVE & SEALANT MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
    7.4 TEXTILE & CARPET
           7.4.1 TEXTILE COATINGS
                    7.4.1.1 Excellent abrasion and oil-resistance properties of latex binders to boost demand in the textile coatings end use
           7.4.2 CARPET BACKING
                    7.4.2.1 Latex binder has excellent adhesion to fabric and is water-resistant, making it suitable for carpet backing
                                TABLE 25 LATEX BINDERS: TEXTILE & CARPET MARKET SIZE, BY REGION, 2017–2020 (KILOTON)
                                TABLE 26 LATEX BINDERS: TEXTILE & CARPET MARKET SIZE, BY REGION, 2021–2026 (KILOTON)
                                TABLE 27 LATEX BINDERS: TEXTILE & CARPET MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
                                TABLE 28 LATEX BINDERS: TEXTILE & CARPET MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
    7.5 CONSTRUCTION & FIBER BONDING MATERIALS
           7.5.1 TILING & FLOORING
                    7.5.1.1 Latex binder has excellent adhesion strength for use in tiling & flooring
           7.5.2 MORTAR MIX
                    7.5.2.1 Mortar modification is expected to generate significant demand for latex binders
           7.5.3 PLASTERING
                    7.5.3.1 Increased adoption of latex binder in plastering owing to its excellent bonding property
           7.5.4 INSULATION SYSTEMS
                    7.5.4.1 High flexibility, bonding strength, and durability of latex binders to boost their demand in insulation systems
                                TABLE 29 LATEX BINDERS: CONSTRUCTION & FIBER BONDING MATERIALS MARKET SIZE, BY REGION, 2017–2020 (KILOTON)
                                TABLE 30 LATEX BINDERS: CONSTRUCTION & FIBER BONDING MATERIALS MARKET SIZE, BY REGION, 2021–2026 (KILOTON)
                                TABLE 31 LATEX BINDERS: CONSTRUCTION & FIBER BONDING MATERIALS MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
                                TABLE 32 LATEX BINDERS: CONSTRUCTION & FIBER BONDING MATERIALS MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
    7.6 PAPER & PAPERBOARD
           7.6.1 EXCELLENT PIGMENT BINDING PROPERTY OF LATEX BINDER TO DRIVE DEMAND FOR COATINGS IN PAPER & PAPERBOARD
                    TABLE 33 LATEX BINDERS: PAPER & PAPERBOARD MARKET SIZE, BY REGION, 2017–2020 (KILOTON)
                    TABLE 34 LATEX BINDERS: PAPER & PAPERBOARD MARKET SIZE, BY REGION, 2021–2026 (KILOTON)
                    TABLE 35 LATEX BINDERS: PAPER & PAPERBOARD MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 36 LATEX BINDERS: PAPER & PAPERBOARD MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
    7.7 OTHERS
           TABLE 37 LATEX BINDERS: OTHERS MARKET SIZE, BY REGION, 2017–2020 (KILOTON)
           TABLE 38 LATEX BINDERS: OTHERS MARKET SIZE, BY REGION, 2021–2026 (KILOTON)
           TABLE 39 LATEX BINDERS: OTHERS MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
           TABLE 40 LATEX BINDERS: OTHERS MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)

8 LATEX BINDERS MARKET, BY REGION (Page No. - 100)
    8.1 INTRODUCTION
           FIGURE 32 THE LATEX BINDERS MARKET IN INDIA TO GROW AT THE HIGHEST CAGR
           TABLE 41 LATEX BINDERS MARKET SIZE, BY REGION, 2017–2020 (KILOTON)
           TABLE 42 LATEX BINDERS MARKET SIZE, BY REGION, 2021–2026 (KILOTON)
           TABLE 43 LATEX BINDERS MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
           TABLE 44 LATEX BINDERS MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
    8.2 APAC
           FIGURE 33 APAC: LATEX BINDERS MARKET SNAPSHOT
           TABLE 45 APAC: LATEX BINDERS MARKET SIZE, BY COUNTRY, 2017–2020 (KILOTON)
           TABLE 46 APAC: LATEX BINDERS MARKET SIZE, BY COUNTRY, 2021–2026 (KILOTON)
           TABLE 47 APAC: LATEX BINDERS MARKET SIZE, BY COUNTRY, 2017–2020 (USD MILLION)
           TABLE 48 APAC: LATEX BINDERS MARKET SIZE, BY COUNTRY, 2021–2026 (USD MILLION)
           TABLE 49 APAC: LATEX BINDERS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
           TABLE 50 APAC: LATEX BINDERS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (KILOTON)
           TABLE 51 APAC: LATEX BINDERS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
           TABLE 52 APAC: LATEX BINDERS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
           8.2.1 CHINA
                    8.2.1.1 China to be the largest latex binders market in the APAC
                                TABLE 53 CHINA: LATEX BINDERS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                                TABLE 54 CHINA: LATEX BINDERS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (KILOTON)
                                TABLE 55 CHINA: LATEX BINDERS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                                TABLE 56 CHINA: LATEX BINDERS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
           8.2.2 INDIA
                    8.2.2.1 Government initiatives to drive the construction industry in India, thus supporting market growth
                                TABLE 57 INDIA: LATEX BINDERS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                                TABLE 58 INDIA: LATEX BINDERS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (KILOTON)
                                TABLE 59 INDIA: LATEX BINDERS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                                TABLE 60 INDIA: LATEX BINDERS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
           8.2.3 JAPAN
                    8.2.3.1 Electronics industry to drive demand for latex binders in the adhesive & sealant end-use industry
                                TABLE 61 JAPAN: LATEX BINDERS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                                TABLE 62 JAPAN: LATEX BINDERS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (KILOTON)
                                TABLE 63 JAPAN: LATEX BINDERS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                                TABLE 64 JAPAN: LATEX BINDERS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
           8.2.4 SOUTH KOREA
                    8.2.4.1 Government regulations to support the growth of low-VOC latex binders in South Korea
                                TABLE 65 SOUTH KOREA: LATEX BINDERS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                                TABLE 66 SOUTH KOREA: LATEX BINDERS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (KILOTON)
                                TABLE 67 SOUTH KOREA: LATEX BINDERS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                                TABLE 68 SOUTH KOREA: LATEX BINDERS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
           8.2.5 REST OF APAC
                    TABLE 69 REST OF APAC: LATEX BINDERS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                    TABLE 70 REST OF APAC: LATEX BINDERS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (KILOTON)
                    TABLE 71 REST OF APAC: LATEX BINDERS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                    TABLE 72 REST OF APAC: LATEX BINDERS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
    8.3 EUROPE
           FIGURE 34 PAINTS & COATING INDUSTRY TO DOMINATE THE EUROPE LATEX BINDERS MARKET DURING THE FORECAST PERIOD
           TABLE 73 EUROPE: LATEX BINDERS MARKET SIZE, BY COUNTRY, 2017–2020 (KILOTON)
           TABLE 74 EUROPE: LATEX BINDERS MARKET SIZE, BY COUNTRY, 2021–2026 (KILOTON)
           TABLE 75 EUROPE: LATEX BINDERS MARKET SIZE, BY COUNTRY, 2017–2020 (USD MILLION)
           TABLE 76 EUROPE: LATEX BINDERS MARKET SIZE, BY COUNTRY, 2021–2026 (USD MILLION)
           TABLE 77 EUROPE: LATEX BINDERS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
           TABLE 78 EUROPE: LATEX BINDERS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (KILOTON)
           TABLE 79 EUROPE: LATEX BINDERS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
           TABLE 80 EUROPE: LATEX BINDERS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
           8.3.1 GERMANY
                    8.3.1.1 Growing end-use industries to boost the latex binders market
                                TABLE 81 GERMANY: LATEX BINDERS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                                TABLE 82 GERMANY: LATEX BINDERS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (KILOTON)
                                TABLE 83 GERMANY: LATEX BINDERS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                                TABLE 84 GERMANY: LATEX BINDERS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
           8.3.2 UK
                    8.3.2.1 Government subsidies to influence market growth
                                TABLE 85 UK: LATEX BINDERS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                                TABLE 86 UK: LATEX BINDERS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (KILOTON)
                                TABLE 87 UK: LATEX BINDERS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                                TABLE 88 UK: LATEX BINDERS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
           8.3.3 FRANCE
                    8.3.3.1 Housing plans, along with government initiatives to drive the latex binders market
                                TABLE 89 FRANCE: LATEX BINDERS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                                TABLE 90 FRANCE: LATEX BINDERS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (KILOTON)
                                TABLE 91 FRANCE: LATEX BINDER MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                                TABLE 92 FRANCE: LATEX BINDERS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
           8.3.4 ITALY
                    8.3.4.1 Investments in residential buildings and construction projects to drive the market 125
                                TABLE 93 ITALY: LATEX BINDERS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                                TABLE 94 ITALY: LATEX BINDERS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (KILOTON)
                                TABLE 95 ITALY: LATEX BINDERS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                                TABLE 96 ITALY: LATEX BINDERS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
           8.3.5 RUSSIA
                    8.3.5.1 Commercial end-use industry to lead the consumption of latex binders during the forecast period
                                TABLE 97 RUSSIA: LATEX BINDERS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                                TABLE 98 RUSSIA: LATEX BINDERS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (KILOTON)
                                TABLE 99 RUSSIA: LATEX BINDERS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                                TABLE 100 RUSSIA: LATEX BINDERS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
           8.3.6 REST OF EUROPE
                    TABLE 101 REST OF EUROPE: LATEX BINDERS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                    TABLE 102 REST OF EUROPE: LATEX BINDERS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (KILOTON)
                    TABLE 103 REST OF EUROPE: LATEX BINDERS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                    TABLE 104 REST OF EUROPE: LATEX BINDERS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
    8.4 NORTH AMERICA
           FIGURE 35 NORTH AMERICA: LATEX BINDERS MARKET SNAPSHOT
           TABLE 105 NORTH AMERICA: LATEX BINDERS MARKET SIZE, BY COUNTRY, 2017–2020 (KILOTON)
           TABLE 106 NORTH AMERICA: LATEX BINDERS MARKET SIZE, BY COUNTRY, 2021–2026 (KILOTON)
           TABLE 107 NORTH AMERICA: LATEX BINDERS MARKET SIZE, BY COUNTRY, 2017–2020 (USD MILLION)
           TABLE 108 NORTH AMERICA: LATEX BINDERS MARKET SIZE, BY COUNTRY, 2021–2026 (USD MILLION)
           TABLE 109 NORTH AMERICA: LATEX BINDERS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
           TABLE 110 NORTH AMERICA: LATEX BINDERS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (KILOTON)
           TABLE 111 NORTH AMERICA: LATEX BINDERS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
           TABLE 112 NORTH AMERICA: LATEX BINDERS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
           8.4.1 US
                    8.4.1.1 The US leads the market due to the presence of the region’s largest paints & coating industry
                                TABLE 113 US: LATEX BINDERS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                                TABLE 114 US: LATEX BINDERS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (KILOTON)
                                TABLE 115 US: LATEX BINDERS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                                TABLE 116 US: LATEX BINDERS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
           8.4.2 CANADA
                    8.4.2.1 Increased consumption of paints & coating owing to the growing number of construction projects to drive the demand for latex binders
                                TABLE 117 CANADA: LATEX BINDERS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                                TABLE 118 CANADA: LATEX BINDERS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (KILOTON)
                                TABLE 119 CANADA: LATEX BINDERS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                                TABLE 120 CANADA: LATEX BINDERS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
           8.4.3 MEXICO
                    8.4.3.1 Rising residential construction is expected to drive the latex binders market in the country
                                TABLE 121 MEXICO: LATEX BINDERS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                                TABLE 122 MEXICO: LATEX BINDERS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (KILOTON)
                                TABLE 123 MEXICO: LATEX BINDERS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                                TABLE 124 MEXICO: LATEX BINDERS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
    8.5 MIDDLE EAST & AFRICA
           TABLE 125 MIDDLE EAST & AFRICA: LATEX BINDERS MARKET SIZE, BY COUNTRY, 2017–2020 (KILOTON)
           TABLE 126 MIDDLE EAST & AFRICA: LATEX BINDERS MARKET SIZE, BY COUNTRY, 2021–2026 (KILOTON)
           TABLE 127 MIDDLE EAST & AFRICA: LATEX BINDERS MARKET SIZE, BY COUNTRY, 2017–2020 (USD MILLION)
           TABLE 128 MIDDLE EAST & AFRICA: LATEX BINDERS MARKET SIZE, BY COUNTRY, 2021–2026 (USD MILLION)
           TABLE 129 MIDDLE EAST & AFRICA: LATEX BINDERS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
           TABLE 130 MIDDLE EAST & AFRICA: LATEX BINDERS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (KILOTON)
           TABLE 131 MIDDLE EAST & AFRICA: LATEX BINDERS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
           TABLE 132 MIDDLE EAST & AFRICA: LATEX BINDERS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
           8.5.1 SAUDI ARABIA
                    8.5.1.1 Saudi Arabia dominates the latex binders market in the Middle East & Africa
                                TABLE 133 SAUDI ARABIA: LATEX BINDERS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                                TABLE 134 SAUDI ARABIA: LATEX BINDERS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (KILOTON)
                                TABLE 135 SAUDI ARABIA: LATEX BINDERS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                                TABLE 136 SAUDI ARABIA: LATEX BINDERS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
           8.5.2 SOUTH AFRICA
                    8.5.2.1 Increased adoption of latex binders as coating emulsions in to lead to the growth of the latex binders market
                                TABLE 137 SOUTH AFRICA: LATEX BINDERS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                                TABLE 138 SOUTH AFRICA: LATEX BINDERS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (KILOTON)
                                TABLE 139 SOUTH AFRICA: LATEX BINDERS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                                TABLE 140 SOUTH AFRICA: LATEX BINDERS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
           8.5.3 REST OF MIDDLE EAST & AFRICA
                    TABLE 141 REST OF MIDDLE EAST & AFRICA: LATEX BINDERS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                    TABLE 142 REST OF MIDDLE EAST & AFRICA: LATEX BINDERS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (KILOTON)
                    TABLE 143 REST OF MIDDLE EAST & AFRICA: LATEX BINDERS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                    TABLE 144 REST OF MIDDLE EAST & AFRICA: LATEX BINDERS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
    8.6 SOUTH AMERICA
           TABLE 145 SOUTH AMERICA: LATEX BINDERS MARKET SIZE, BY COUNTRY, 2017–2020 (KILOTON)
           TABLE 146 SOUTH AMERICA: LATEX BINDERS MARKET SIZE, BY COUNTRY, 2021–2026 (KILOTON)
           TABLE 147 SOUTH AMERICA: LATEX BINDERS MARKET SIZE, BY COUNTRY, 2017–2020 (USD MILLION)
           TABLE 148 SOUTH AMERICA: LATEX BINDERS MARKET SIZE, BY COUNTRY, 2021–2026 (USD MILLION)
           TABLE 149 SOUTH AMERICA: LATEX BINDERS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
           TABLE 150 SOUTH AMERICA: LATEX BINDERS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (KILOTON)
           TABLE 151 SOUTH AMERICA: LATEX BINDERS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
           TABLE 152 SOUTH AMERICA: LATEX BINDERS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
           8.6.1 BRAZIL
                    8.6.1.1 The presence of the largest construction industry in the region to lead to the growth of the latex binders market 150
                                TABLE 153 BRAZIL: LATEX BINDERS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                                TABLE 154 BRAZIL: LATEX BINDERS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (KILOTON)
                                TABLE 155 BRAZIL: LATEX BINDERS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                                TABLE 156 BRAZIL: LATEX BINDERS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
           8.6.2 ARGENTINA
                    8.6.2.1 Strategic Industrial Plan 2020 supporting the market foradhesive & sealant
                                TABLE 157 ARGENTINA: LATEX BINDERS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                                TABLE 158 ARGENTINA: LATEX BINDERS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (KILOTON)
                                TABLE 159 ARGENTINA: LATEX BINDERS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                                TABLE 160 ARGENTINA: LATEX BINDERS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)
           8.6.3 REST OF SOUTH AMERICA
                    TABLE 161 REST OF SOUTH AMERICA: LATEX BINDERS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (KILOTON)
                    TABLE 162 REST OF SOUTH AMERICA: LATEX BINDERS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (KILOTON)
                    TABLE 163 REST OF SOUTH AMERICA: LATEX BINDERS MARKET SIZE, BY END-USE INDUSTRY, 2017–2020 (USD MILLION)
                    TABLE 164 REST OF SOUTH AMERICA: LATEX BINDERS MARKET SIZE, BY END-USE INDUSTRY, 2021–2026 (USD MILLION)

9 COMPETITIVE LANDSCAPE (Page No. - 156)
    9.1 KEY PLAYERS’ STRATEGIES
           TABLE 165 OVERVIEW OF KEY STRATEGIES ADOPTED BY TOP PLAYERS, 2015–2021
    9.2 MARKET RANKING OF KEY PLAYERS
           FIGURE 36 LATEX BINDER MANUFACTURER RANKING
    9.3 MARKET SHARE ANALYSIS OF THE TOP FIVE PLAYERS
           TABLE 166 LATEX BINDERS MARKET: DEGREE OF COMPETITION
           FIGURE 37 LATEX BINDERS MARKET SHARE ANALYSIS, 2020
    9.4 MARKET EVALUATION MATRIX
           TABLE 167 MARKET EVALUATION MATRIX
    9.5 COMPANY EVALUATION QUADRANT
           9.5.1 STAR
           9.5.2 EMERGING LEADERS
           9.5.3 PERVASIVE
           9.5.4 PARTICIPANTS
                    FIGURE 38 COMPETITIVE LEADERSHIP MAPPING: LATEX BINDERS MARKET, 2020
           9.5.5 STRENGTH OF PRODUCT PORTFOLIO
           9.5.6 BUSINESS STRATEGY EXCELLENCE
                    TABLE 168 COMPANY PRODUCT FOOTPRINT
                    TABLE 169 COMPANY INDUSTRY FOOTPRINT
                    TABLE 170 COMPANY REGION FOOTPRINT
    9.6 COMPETITIVE LEADERSHIP MAPPING OF SMES
           9.6.1 STAR
           9.6.2 EMERGING LEADERS
           9.6.3 EMERGING COMPANIES
           9.6.4 PERVASIVE
                    FIGURE 39 COMPETITIVE LEADERSHIP MAPPING OF SMES, 2020
    9.7 COMPETITIVE SITUATIONS & TRENDS
           TABLE 171 LATEX BINDERS MARKET: DEALS, JANUARY 2015–JUNE 2021
           TABLE 172 LATEX BINDERS MARKET: PRODUCT LAUNCHES, JANUARY 2015–JUNE 2021
           TABLE 173 LATEX BINDERS MARKET: OTHERS, JANUARY 2015–JUNE 2021

10 COMPANY PROFILES (Page No. - 177)
     10.1 MAJOR PLAYERS
(Business Overview, Products Offered, Recent Developments, Product launches, SWOT Analysis, Winning imperatives, Current strategies, Key strengths/right to win, Strategic choices made, Weaknesses and competitive threats)*
             10.1.1 TRINSEO
                        TABLE 174 TRINSEO: BUSINESS OVERVIEW
                        FIGURE 40 TRINSEO: COMPANY SNAPSHOT
                        TABLE 175 TRINSEO: PRODUCT LAUNCHES
                        TABLE 176 TRINSEO: DEALS
                        TABLE 177 TRINSEO: OTHERS
                        FIGURE 41 TRINSEO: SWOT ANALYSIS
             10.1.2 BASF SE
                        TABLE 178 BASF: BUSINESS OVERVIEW
                        FIGURE 42 BASF: COMPANY SNAPSHOT
                        TABLE 179 BASF: PRODUCT LAUNCHES
                        TABLE 180 BASF: DEALS
                        TABLE 181 BASF: OTHERS
                        FIGURE 43 BASF: SWOT ANALYSIS
             10.1.3 WACKER CHEMIE
                        TABLE 182 WACKER CHEMIE: BUSINESS OVERVIEW
                        FIGURE 44 WACKER CHEMIE: COMPANY SNAPSHOT
                        TABLE 183 WACKER CHEMIE: DEALS
                        TABLE 184 WACKER CHEMIE: PRODUCT LAUNCHES
                        TABLE 185 WACKER CHEMIE: OTHERS
                        FIGURE 45 WACKER CHEMIE: SWOT ANALYSIS
             10.1.4 ARKEMA
                        TABLE 186 ARKEMA: BUSINESS OVERVIEW
                        FIGURE 46 ARKEMA: COMPANY SNAPSHOT
                        TABLE 187 ARKEMA: DEALS
                        TABLE 188 ARKEMA: PRODUCT LAUNCHES
                        TABLE 189 ARKEMA: OTHERS
                        FIGURE 47 ARKEMA: SWOT ANALYSIS
             10.1.5 CELANESE CORPORATION
                        TABLE 190 CELANESE CORPORATION: BUSINESS OVERVIEW
                        FIGURE 48 CELANESE CORPORATION: COMPANY SNAPSHOT
                        TABLE 191 CELANESE CORPORATION: DEALS
                        TABLE 192 CELANESE CORPORATION: PRODUCT LAUNCHES
                        TABLE 193 CELANESE CORPORATION: OTHERS
                        FIGURE 49 CELANESE CORPORATION: SWOT ANALYSIS
             10.1.6 DOW
                        TABLE 194 DOW: BUSINESS OVERVIEW
                        FIGURE 50 DOW: COMPANY SNAPSHOT
                        TABLE 195 DOW: PRODUCT LAUNCHES
                        TABLE 196 DOW: OTHERS
             10.1.7 DIC CORPORATION
                        TABLE 197 DIC CORPORATION: BUSINESS OVERVIEW
                        FIGURE 51 DIC CORPORATION: COMPANY SNAPSHOT
                        TABLE 198 DIC CORPORATION: DEALS
             10.1.8 SYNTHOMER PLC
                        TABLE 199 SYNTHOMER: BUSINESS OVERVIEW
                        FIGURE 52 SYNTHOMER PLC: COMPANY SNAPSHOT
                        TABLE 200 SYNTHOMER PLC: PRODUCT LAUNCHES
                        TABLE 201 SYNTHOMER PLC: DEALS
                        TABLE 202 SYNTHOMER PLC: OTHERS
             10.1.9 OMNOVA SOLUTIONS
                        TABLE 203 OMNOVA: BUSINESS OVERVIEW
                        FIGURE 53 OMNOVA SOLUTIONS: COMPANY SNAPSHOT
                        TABLE 204 OMNOVA: DEALS
                        TABLE 205 OMNOVA: PRODUCT LAUNCHES
             10.1.10 DAIREN CHEMICAL CORPORATION
                        TABLE 206 DAIREN CHEMICAL CORPORATION: BUSINESS OVERVIEW
             10.1.11 ARLANXEO
                        TABLE 207 ARLANXEO: BUSINESS OVERVIEW
             10.1.12 KALPANA POLYMERS
                        TABLE 208 KALPANA POLYMERS: BUSINESS OVERVIEW
     10.2 OTHER KEY COMPANIES
             10.2.1 SHANDONG HEARST BUILDING MATERIAL
             10.2.2 VISEN INDUSTRIES
             10.2.3 JESONS
             10.2.4 ACQUOS
             10.2.5 ORGANIK KIMYA
             10.2.6 PUYANG YINTAI INDUSTRIAL TRADING
             10.2.7 BOSSON UNION TECH(BEIJING)
             10.2.8 ADPL GROUP
             10.2.9 SAKSHI CHEM SCIENCES
             10.2.10 APCOTEX
             10.2.11 BANGKOK SYNTHETICS
             10.2.12 GOODYEAR CHEMICAL
             10.2.13 JUBILANT AGRI & CONSUMER PRODUCTS
             10.2.14 KUMHO PETROCHEMICAL
             10.2.15 LION ELASTOMERS
             10.2.16 LUBRIZOL
             10.2.17 SHANGHAI BAOLIJIA
             10.2.18 SHANXI SANWEI
             10.2.19 SIBUR
             10.2.20 SUMITOMO CHEMICAL

*Details on Business Overview, Products Offered, Recent Developments, Product launches, SWOT Analysis, Winning imperatives, Current strategies, Key strengths/right to win, Strategic choices made, Weaknesses and competitive threats might not be captured in case of unlisted companies.

11 APPENDIX (Page No. - 241)
     11.1 DISCUSSION GUIDE
     11.2 KNOWLEDGE STORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL
     11.3 AVAILABLE CUSTOMIZATIONS
     11.4 RELATED REPORTS
     11.5 AUTHOR DETAILS

The study involved four major activities in estimating the current size of the latex binders market. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, the market breakdown and data triangulation methods were used to estimate the size of the segments and subsegments of the overall market.

Secondary Research

This research report involves extensive secondary sources, directories, and databases, such as Bloomberg, BusinessWeek, Factiva, ICIS, and OneSource, to identify and collect information useful for the technical, market-oriented, and commercial study of the latex binders market. The secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, and articles from recognized authors, authenticated directories, and databases.

Primary Research

The latex binders market comprises several stakeholders, such as raw material suppliers, processors, end-product manufacturers, buyers, and regulatory organizations. The demand side of this market is characterized by developing the end-use industry, such as paints & coating, adhesive & sealant, paper & paperboard, textile & carpet, construction & fiber bonding materials, and others. The supply side included industry experts, such as CEOs, vice presidents, marketing directors, technology and innovation directors, and related key executives from various companies and organizations operating in the market. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information.

Following is the breakdown of primary respondents:

Latex Binders Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both the top-down and bottom-up approaches were used to estimate and validate the total size of the latex binders market. These methods were also used extensively to estimate the sizes of various subsegments in the market. The research methodology used to estimate the market size includes the following steps:

  • The key players in the industry and markets were identified through extensive secondary research.
  • The industry’s supply chain and market size, in terms of value, were determined through primary and secondary research.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size—using the estimation processes explained above—the latex binders market was split into several segments. The data triangulation and market breakdown procedures were employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics of each market segment. The data was triangulated by studying various factors and trends from both the demand and supply sides.

Report Objectives

  • To analyze and forecast the latex binders market, in terms of value and volume
  • To provide detailed information about the key factors (drivers, restraints, opportunities, and challenges) influencing the growth of the latex binders market
  • To analyze and forecast the size of the market based on type and end-use industry
  • To estimate and forecast the market size based on five regions, namely, North America, Europe, APAC, the Middle East & Africa, and South America
  • To analyze the market opportunities and competitive landscape of the market leaders and stakeholders
  • To analyze the competitive developments, such as merger & acquisition, investment & expansion, new product launch/development, and partnerships, contracts & agreements in the latex binders market
  • To strategically identify and profile the key market players and analyze their core competencies

Available Customizations

MarketsandMarkets offers customizations according to the specific needs of the companies with the given market data.

The following customization options are available for the latex binders market report:

Product Analysis

  • Product matrix, which provides a detailed comparison of the product portfolio of each company

Regional Analysis

  • A further breakdown of the latex binders market, by segments

Company Information

  • Detailed analysis and profiling of additional market players (up to five)
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Jul, 2021
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