Styrene Butadiene Latex Market - Forecast(2021 - 2026)
Styrene Butadiene Latex market is witnessing tremendous growth due to increasing demand from end user applications in the food, beverages, pharmaceutical and chemical industry. The global Styrene Butadiene Latex exports accounted to $954 million in 2016 and is expected to witness a robust growth considering the large demand for high quality papers and its excellent adhesive qualities. Styrene Butadiene Latex is a cross-linked emulsion polymer made up of 2 major compounds: Styrene. When the properties of the SB latex such as solids content, pH value, particle diameter and viscosity is varied and chemically controlled, a wide range of products are produced whose features can be exploited by end users accordingly. Applications of the SB latex range from paper processing, fiber processing, paints, glass fabric processing, adhesives, pressure sensitive adhesives, civil engineering and constructions of roads.
- BASF SE increased its prices for SB latex in North America by $0.10 per wet pound due to rising production costs. As styrene and butadiene are both commercially manufactured from crude oil, the price of the SB latex is directly dependent on the cost of crude oil. Thus, as the price of crude oil fluctuates so will the cost of the end product, making it a very volatile product and so could lead to users searching for other alternatives to the SB latex that do not depend on such a volatile raw material.
- Dow Chemical Company had innovated a new product named BIOBAN™ DXN, which provides anti-bacterial protection when added to certain lubricants, latexes or levelling agent. As SB latex is frequently used in certain end products such as food packaging, it is necessary for it to be safe and non-toxic so as not to contaminate the food when consumed.
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