Latex powder is a free flowing powder which is used in construction to improve key properties of gypsum and cement based formulations. Latex powder are organic polymer powder produced by spray drying of aqueous vinyl acetate -ethylene copolymer dispersion. Performance of cement is enhanced by the help of dispersion powder. Globally, development of efficient and advance technology, rising demand from construction industry, recovery of the global economic scenario and advantageous properties of latex powder such as, improved workability, superior adhesive strength, enhanced flexural strength, excellent abrasion resistance and high impact resistance are the prime growth drivers of global latex powder market.
In addition, increase in adoption of latex powder for application in newer industrial vertical and emerging economies such as China, India and others, will create new opportunities for global latex powder market. Our comprehensive analysis on the growth of medical industry mentioned that latex polymer are used in the production of medical gloves, which is widely adopted in the hospitals. It also should be acknowledged that there can be some allergic reactions (latex allergy) with the use of latex powder by the proteins present in natural latex used in latex products. Food and Drug Administration approved blood tests are accessible to spot latex antibodies. However, volatile prices and availability of raw materials, availability of substitute compounds and stringent government regulations are the key restraints for global latex powder market.
With further analysis, geographically, Asia Pacific dominated latex powder market in terms of size and share, followed by North America. Asia Pacific is projected to have fastest growth, owing to rapidly increasing construction industry, changing life style, rise in need for more houses and infrastructure due to growing urbanization in developing nations such as China and India in this region. Germany followed by France, Italy and U.K are the largest market share holder in Europe. The demand is also forecast to increase in other developing economies such as Indonesia and other South-East Asian countries because of change in overall living standards.
Among all the applications, construction segment has the highest market share in latex powder market due to spur in automotive industry, rising preference for processed food and improved standard of living. Latex products can be used in many different industries, food service, medicinal and dental being the most common ones.
This report identifies the global latex powder market size in for the year 2014-2016 and forecast of the same for year 2021. Synthetic Latex Polymers Market is estimated to be worth USD 34.53 Billion by 2022. It also highlights the market drivers, restraints, growth indicators, challenges, current trends in the market and other key aspects with respect to global latex powder market. It also provides broad outlook on revenue generated by end users, profitability and value chain.
This report segments latex powder market on the basis of type, application and regional market as follows:
- Latex Powder Market, By Type: Styrene Butadiene Latex Powder, Vinyl Acetate Copolymer, Vinyl Acetate Terpolymer and Others
- The report has focused study on latex powder market by basis of application such as: Concrete Repair Mortars, Ceramic Tile Adhesives, Thermal Insulating Adhesives, Joint Fillers, Self Levelling Mortars, Decorative Plasters, Wall Paper Adhesives, Sealing Slurries, gypsum setting compounds and Others
- This report has been further segmented into major regions, which includes detailed analysis of each region such as: North America, Europe, Asia-Pacific (APAC) and Rest of the World (RoW) covering all the major country level markets in each of the region
This report identifies all the major companies operating in the latex powder market. Some of the major companies’ profiles in detail are as follows:
- The DOW Chemical Company
- Momentive Specialty Chemicals
- Akzo Nobel Chemicals AG
- Henan Tiansheng Chemical