Consulting Firm Kline Sees a Growing Synthetic Latex Polymers Market
According to recent findings within the "Synthetic Latex Polymers Global Series: Business Analysis and Opportunities" report by international market research and management consulting firm Kline & Company strong shifts are being seen in markets as diverse as China, India, and the Middle East even though the North America and European markets remain the largest consumers of synthetic latex polymers (SLP), claiming some 56% of global volume. The global SLP business is quite sizeable, consisting of a 10 million dry tonne, USD 30 billion+ market.
With growth notably outpacing mature markets, China now claims a quarter of global SLP consumption, but it’s the comparatively smaller markets of India and the Middle East that are gaining significantly greater importance and rank among the fastest growing. While global SLP consumption is expected to grow 2.3% through to 2017 – with both the United States and Europe anticipated see growth of less than 2% – China, India, and the Middle East are forecast to comfortably exceed this average by growing 7.1%, 12.4%, and 5.4%, respectively.
While China and India afford impressive potential, it is the Middle East that is becoming a particular area of interest for a growing number of notably European suppliers given the region’s proximity. As elaborated within Kline’s "Synthetic Latex Polymers: Middle East Market Analysis and Opportunities", the Middle East represents a singular region both in terms of consumption and supply of SLP. After the construction boom of the last decade, and its large slow-down after the global crisis, the industry (notably in the United Arab Emirates and Saudi Arabia) is recovering and stimulating the growth of SLP consumption.
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