Synthetic latex market demand is released and global production capacity will further increase

Synthetic latex is a type of chemical substance produced through emulsion polymerization. Its main types include nitrile synthetic latex, acrylic synthetic latex, styrene-butadiene synthetic latex and other synthetic latex. Among them, nitrile synthetic latex is mainly used in the field of gloves. Synthetic latex has a wide range of applications, and its downstream applications include industrial gloves, medical catheters, medical gloves, construction materials, papermaking, home textiles, foam products and other fields. In recent years, with the improvement of my country’s medical level and the acceleration of industrialization, synthetic latex The latex market demand is constantly releasing.

According to the “2021-2025 Synthetic Latex Industry Market In-depth Research and Investment Prospects Forecast Analysis Report released by the Industrial Research Center, the global Within the scope, the synthetic latex consumer market is mainly concentrated in China, North America and Europe, with the combined consumption of the three major regions accounting for more than 60%. Taking styrene-butadiene-nitrile synthetic latex as an example, in 2020, the global production capacity of styrene-butadiene-nitrile latex (wet basis) reached 7.5 million tons, of which North American production capacity reached 1.1 million tons, European production capacity reached 2 million tons, and China’s production capacity reached 1.85 million tons. , the combined production capacity of the three regions accounts for approximately 66% of the world’s.

Nitrile latex is the fastest growing and most competitive field in the synthetic latex market. In 2020, driven by the COVID-19 epidemic, the demand for medical surgical supplies such as medical gloves and medical protective clothing has increased significantly. Against this background, nitrile latex Market demand was subsequently released, and industry capacity expansion accelerated. It is expected that global synthetic latex production capacity will further grow from 2021 to 2025, with an average annual compound growth rate of more than 3.5%.

The threshold for synthetic latex production is low. There are a large number of synthetic latex manufacturers globally. At this stage, there are nearly 12,000 synthetic latex manufacturers worldwide, with a production capacity of 34 million tons/year. The synthetic latex market in most countries is in a state of overcapacity. . In the international market, major synthetic latex manufacturers include Wacker Chemicals, BASF of Germany, Celanese, Dow Chemical, Arkema, Asahi Kasei of Japan, etc.

In recent years, as global industries shift eastward, my country’s synthetic latex production capacity has gradually increased. At this stage, my country has become the world’s largest synthetic latex production and consumption country. With my country’s economic growth and the release of market demand, my country’s synthetic latex industry will maintain a growth rate higher than the global average, and there is broad room for industry development in the future.

Industry analysts said that there are many types of synthetic latex with a wide range of downstream applications. In recent years, with the shift of global industries to the east, my country’s The production capacity of synthetic latex has been continuously improved. At this stage, my country has become a major producer of synthetic latex in the world. It is expected that in the next five years, the global synthetic latex industry’s production capacity will further increase, and synthetic latex production capacity will mainly come from China, Southeast Asia and other regions.