Global VP Latex Market Size By Product Type (Acrylic latex, Nitrile Latex), By Application (Tires, Belts, Hoses), By End User (Automotive, Aerospace), By Geographic Scope And Forecast
Report ID: 300019|No. of Pages: 202
Global VP Latex Market Size By Product Type (Acrylic latex, Nitrile Latex), By Application (Tires, Belts, Hoses), By End User (Automotive, Aerospace), By Geographic Scope And Forecast
VP Latex Market Size And Forecast
VP Latex Market size was valued at USD 1.36 Billion in 2022 and is projected to reach USD 1.94 Billion by 2030, growing at a CAGR of 4.06% from 2023 to 2030.
The demand for vinyl pyridine latex in the automotive sector is undoubtedly influenced by the growing popularity of sports utility vehicles (SUVs). Because of their adaptability, comfort, and off-road skills, SUVs are growing in popularity. The Global VP Latex Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
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Global VP Latex Market Definition
A form of synthetic latex known as vinyl pyridine latex (VP latex) is created when vinyl pyridine monomers are polymerized. It is frequently employed in the production of rubber goods including gloves, tubing, and seals because of its superior chemical and mechanical qualities. VP latex is a good choice for applications where flexibility and durability are crucial because of its strong tensile strength, tear resistance, and good elasticity. It is also well suited for use in severe conditions because of its great resistance to chemicals including acids, bases, and solvents.
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Global VP Latex Market Overview
An artificial polymer that comprises vinyl pyridine monomers is called vinyl pyridine latex. As adhesion is so important in many applications, this kind of latex is well known for its potent adhesive qualities. A range of materials, such as metals, polymers, wood, and fabrics, can be joined together using vinyl pyridine latex. Because the polymer chain contains pyridine groups, which can create chemical connections with other materials, the substance has significant adhesive capabilities. In addition to its abilities as an adhesive, vinyl pyridine latex is renowned for its superior water resistance and favorable aging characteristics. Because of this, it is the best option for applications where long-term adhesion is necessary, even in challenging environmental circumstances. This is positively impacting the VP Latex Market globally.
In a variety of applications, vinyl pyridine latex can tolerate harsh environmental conditions. This is because vinyl pyridine latex’s crosslinked polymer chain gives it better mechanical and thermal qualities. When exposure to harsh temperatures, humidity, and other environmental factors is a problem, vinyl pyridine latex is frequently employed in certain applications. It can be used, for instance, in the construction sector to bind materials like roofs or building facades that will be exposed to inclement weather. Vinyl pyridine latex can be used in the automobile industry to bond components of a car that are subject to severe chemicals and high temperatures, such as the engine compartment or the fuel system.
Vinyl pyridine latex can be used in the textile industry to make heat-sealed seams in fabrics that can survive high temperatures and frequent washing and drying. Therefore, vinyl pyridine latex is demanded for a variety of applications where exposure to harsh weather conditions is a concern due to its strong adhesive qualities and thermal durability. Although vinyl pyridine latex is a popular adhesive and offers numerous benefits, there are some drawbacks that should be taken into account in applications such Due to its poor water solubility, vinyl pyridine latex can be challenging to employ in some situations. Also, this can make it difficult to clean up after usage which might limit the market growth for the product in different markets.
The demand for vinyl pyridine latex in the automotive sector is undoubtedly influenced by the growing popularity of sports utility vehicles (SUVs). Because of their adaptability, comfort, and off-road skills, SUVs are growing in popularity. As a result, car manufacturers are creating more SUVs, which in turn is fueling the demand for high-performance adhesives like vinyl pyridine latex. The outer body panels, inside trim, and under-the-hood pieces of an SUV can all be bonded together using vinyl pyridine latex because of its excellent adhesive qualities. It is a dependable option for car makers due to its resilience in the face of high temperatures and weather.
Global VP Latex Market Segmentation Analysis
The Global VP Latex Market is Segmented on the basis of Product Type, Application, End User, And Geography.
VP Latex Market, By Product Type
- Acrylic latex
- Nitrile Latex
- Others
Based on Product Type, The market is divided into Acrylic latex, Nitrile Latex, and Others. There are numerous uses for acrylic latex, including in textiles, paints and coatings, adhesives, and sealants. It is a preferred option across a wide range of sectors due to its adaptability. It is renowned for other qualities as well, including high toughness and weather resilience.
It is perfect for outdoor applications since it can survive exposure to abrasive weather, UV radiation, and chemicals. A number of characteristics in a variety of industries, such as strong chemical resistance, high durability, allergy-free, versatility, and high tactile sensitivity, have contributed to the steady rise in demand for nitrile latex in recent years.
VP Latex Market, By Application
- Tires
- Belts
- Hoses
- Others
Based on Application, The market is divided into Tires, Belts, Hoses, and Others. Tirs segment held the highest market share in 2022. The manufacture of the inner liner for tyres is one of the primary uses of vinyl pyridine latex. An essential part of the tyre that serves as a barrier against moisture and gases and aids in stopping air leakage is the inner liner. The inner liner and tyre carcass are joined together with vinyl pyridine latex, creating a solid and dependable bond. Also, vinyl pyridine latex has the ability to improve tyre performance and durability in addition to its adhesive capabilities. By lowering the tire’s rolling resistance, for instance, one can increase fuel economy and cut pollutants. Moreover, it can be utilised to increase the tire’s traction in wet circumstances, which can increase safety.
VP Latex Market, By End User
- Automotive
- Aerospace
- Others
Based on End User, The market is divided into Automotive, Aerospace, and Other I9/ndustries. The usage of vinyl pyridine latex in the automotive sector is anticipated to increase as automakers explore ways to increase the reliability, efficiency, and security of their vehicles. Vinyl pyridine latex is an excellent option for a variety of applications in the automotive sector, including tyres, belts, adhesives, and foam, owing to its special qualities.
VP Latex Market, By Geography
- North America
- Europe
- Asia Pacific
- Rest of the world
On the basis of Geography, The Global VP Latex Market is classified into North America, Europe, Asia Pacific, Rest of the World. The biggest market share is held by Asia-Pacific. In recent years, the Asia Pacific area has seen an increase in demand for vinyl pyridine latex. This tendency has been influenced by a number of causes, including the expansion of the region’s construction and automotive industries as well as the rising need for high-performance materials that can survive harsh weather and temperatures.
Particularly in nations like China, Japan, South Korea, and India, the Asia Pacific area has emerged as a significant hub for the production of automobiles in the global automotive industry. The usage of vinyl pyridine latex in these products has increased as a result of the rising demand for high-performance tires and belts because it offers superior bonding strength and adherence to a variety of substrates.
Likewise, there has been a sharp rise in demand for high-performance building materials in the Asia Pacific region that can survive harsh weather and temperatures. Because it offers great durability, adhesion, and resistance to environmental elements like heat and moisture, vinyl pyridine latex is frequently used in the construction of buildings, bridges, and other infrastructure projects.
In the Asia Pacific region, vinyl pyridine latex is utilized in a wide range of additional applications in addition to the construction and automotive industries, such as adhesives and sealants, foam production, and textile coatings. The VP Latex Market in the area has expanded as a result of the rising demand for these goods.
Key Players
The “Global VP Latex Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Jubilant Industries Ltd., EXELON BIOCHEM and ADVANCED MATERIAL LTD., Smart Sync Services, Apcotex Industries Limited, OMNOVA, Jiangsu Yatai Chemical Co. Ltd., Zeon Corporation, Shandong Boyi Chemical LLC, Zibo Senlos Import and Export Co. Ltd., SEAIR EXIM SOLUTIONS, and Zhejiang NetSun Co. Ltd.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis.
Key Developments
- June 2021, German city of Ludwigshafen’s increased manufacturing of vinyl pyridine latex was disclosed by BASF. According to the business, the expansion was necessary to meet the rising demand for high-performance materials in the construction and automotive sectors.
- August 2021, In order to be used in automotive applications, Zeon Corporation declared that it has created a novel vinyl pyridine latex glue. The glue is made to adhere to a wide range of materials, including metals, plastics, and rubbers, with exceptional bonding strength.
- July 2021, At its facility in Rheinmünster, Germany, Trinseo announced the extension of its ability to produce latex binders, including vinyl pyridine latex. The extension was made to accommodate the building industry’s rising need for high-performance materials.
- May 2021, A new line of vinyl pyridine latex compounds has been introduced by Synthomer for usage in the tyre manufacturing sector. The goods were made to adhere and attach to a range of materials, including metal cables and other reinforcing materials, with outstanding strength.
Ace Matrix Analysis
The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.
Market Attractiveness
The image of market attractiveness provided would further help to get information about the region that is majorly leading in the global VP Latex Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.
Porter’s Five Forces
The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behaviour of competitors and a player’s strategic positioning in the respective industry. Porter’s five forces model can be used to assess the competitive landscape in the global VP Latex Market, gauge the attractiveness of a certain sector, and assess investment possibilities.
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| STUDY PERIOD | 2019-2030 |
| BASE YEAR | 2022 |
| FORECAST PERIOD | 2023-2030 |
| HISTORICAL PERIOD | 2019-2021 |
| UNIT | Value (USD Billion) |
| KEY COMPANIES PROFILED | Jubilant Industries Ltd., EXELON BIOCHEM and ADVANCED MATERIAL LTD., Smart Sync Services, Apcotex Industries Limited, OMNOVA, Jiangsu Yatai Chemical Co. Ltd., and Zeon Corporation. |
| SEGMENTS COVERED | By Product Type, By Application, By End User, And By Geography. |
| CUSTOMIZATION SCOPE | Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope |
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• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
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Data Collection Matrix
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Industry Analysis Matrix
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