Styrene Butadiene Latex Market Size Analysis and Top Companies
The global styrene butadiene latex market size is estimated to hit around USD 17.34 billion by 2033, increasing from USD 11.60 billion in 2023 with a CAGR of 4.07% from 2023 to 2033. The top companies operating in the styrene butadiene latex are BASF SE, Styron LLC (Trinseo), Dow Chemical Company, Synthomer plc, LANXESS AG, Omnova Solutions Inc., LG Chem Ltd., JSR Corporation, Wacker Chemie AG, Sibur International GmbH, Zeon Corporation, Kumho Petrochemical Co., Ltd., Eastman Chemical Company, Arkema S.A., Daelim Industrial Co., Ltd., and Others.
Market Report Coverage
| Report Coverage |
Details |
| Market Size in 2023 |
USD 11.30 Billion |
| Market Size in 2024 |
USD 12.08 Billion |
| Market Size by 2033 |
USD 17.34 Billion |
| Growth Rate from 2024 to 2033 |
CAGR of 4.07% |
| Largest Market |
Europe |
| Base Year |
2023 |
| Forecast Period |
2024 to 2033 |
| Segments Covered |
Type, Application, Butadiene Content, and Region |
| Regions Covered |
North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Styrene Butadiene Latex Key Players
- BASF SE
- Styron LLC (Trinseo)
- Dow Chemical Company
- Synthomer plc
- LANXESS AG
- Omnova Solutions Inc.
- LG Chem Ltd.
- JSR Corporation
- Wacker Chemie AG
- Sibur International GmbH
- Zeon Corporation
- Kumho Petrochemical Co., Ltd.
- Eastman Chemical Company
- Arkema S.A.
- Daelim Industrial Co., Ltd.
Recent Developments
- In July 2023, Synthomer, a prominent player in specialty chemicals, revealed its acquisition of Kraton Performance Polymers, a leading producer of styrene block copolymers (SBCs) and engineered polymers. This strategic move is anticipated to bolster Synthomer's position in the Styrene Butadiene (SB) latex market by broadening its product portfolio and geographical reach.
- In June 2023, Trinseo, a global leader in latex binders and polymers, joined forces with BASF, a major chemical company, to collaborate on developing next-generation Styrene Butadiene Rubber (SBR) tailored for the paper and packaging industry. This collaborative partnership aims to innovate and introduce new SBR formulations with enhanced performance and a focus on sustainability, signaling a commitment to advancing materials in the evolving landscape of the latex market.
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