ERJ staff report (BC)
Parsippany, New Jersey –Although the North American and European markets for synthetic latex polymers (SLP) remain the largest consumers, claiming around 56 percent of a global volume of some 10m tonnes, strong shifts are being seen in markets as diverse as China, India, and the Middle East.
These are recent findings in the report Synthetic Latex Polymers Global Series: Business Analysis and Opportunities by market research and management consulting firm Kline & Company.
Nikola Matic, Kline's Chemicals & Materials Practice industry manager, said: "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 the report predicts that global SLP consumption will grow by 2.3 percent through to 2017 – with both the United States and Europe expected to see growth of less than 2 percent – China, India, and the Middle East are forecast to comfortably exceed this average by growing 7.1 percent, 12.4 percent, and 5.4 percent, respectively.
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Press release from Kline & Company