LITTLE FALLS, N.J. (Jan. 25) — The Chinese synthetic latex polymer market is expected to grow at a higher rate in the next 10 years than it will in North America and Europe, a recently published study by Kline & Co. said.
Demand for the polymers in China has expanded at a rate of more than 15 percent annually for the last decade, well ahead of the mature markets in Europe and North America, according to the study, "Global Business Opportunities in Synthetic Latex Polymers. 2006-2017, Volume I: China."
The report noted that although the growth in China could slow slightly in the future as the market consolidates, manufacturers can expect demand to increase by 9 percent.
"While China accounts for only 11 percent of the global market, its rapid economic growth has put it ahead of Japan in terms of SLP consumption in just 10 years," said Gillian Morris, industry manager of the chemicals and materials segment for Kline´s research division. "The outlook remains very promising for the near term, and there´s a wealth of opportunities for companies looking to capitalize on China's steady development."
Styrene butadiene and styrene acrylics represent two of the most attractive segments in the market, the study said, and SBR should see double-digit growth, possibly exceeding 25 percent per year because Kline´s analysts anticipate an expanding base for Chinese paper production and consumption. Paper and paper board products are the leading consuming markets for SBR in the industry.
Kline expects styrene acrylics, used for paints and coatings, to grow at a double digit rate during the next decade, possibly exceeding 13 percent annually.
For more information on the study, call Morris at 973-781-9587 or, in Europe, Erin Durham at 39-0331-931807.