MarkWide Research


VP Latex Market Analysis- Industry Size, Share, Research Report, Insights, Covid-19 Impact, Statistics, Trends, Growth and Forecast 2022-2030

Published Date: October, 2022
No of Pages: 164
Delivery Format: PDF+Excel


VP Latex Market latex is also called vinyl pyridine latex, is a terpolymer of butadiene, 2-vinyl pyridine, and styrene monomer. It is synthesized in such a way to withstand extreme climatic conditions. The vinyl pyridine latex designed to offer a strong bond between rubber compounds (NR, SBR, CR, and NBR) and synthetic fabrics (nylon, rayon, polyester, glass fiber, and aramid). Furthermore, VP latex offers excellent mechanical, chemical stability, excellent adhesion, smooth & clean processing, and uniform fabric properties. These properties surge the demand for vinyl pyridine latex in various applications which include automobile tires, conveyor belts, and hoses.

Rising demand for tires in the automotive industry will fuel the need for vinyl pyridine latex. The VP latex is mostly used in tire cord dipping process. It also provides good chemical stability, strong bond, strong adhesion, and low foaming characteristics for high-speed dipping process. These properties surge the demand for vinyl pyridine latex in the application of the tire. The innovation in automotive tires coupled with the introduction of the hybrid vehicle will fuel the demand for automotive tires, which further surge the need for vinyl pyridine latex. Hence, these factors will drive the growth of the VP latex market during the forecast period.However, VP latex has a poor stretching effect and lower tearing strength. This further reduces the use of vinyl pyridine latex and raise the demand for natural latex. Hence, these factors are anticipated to restrict the growth of the VP Latex market.

Key Market Driver –

Rising demand for tires in the automotive industry to drive the market growth.

Key Market Restraint –

Availability of natural latex to restrict the market growth

Market Segmentation:

Based on product type, the VP Latex market is segmented into acrylic latex, nitrile latex, and others. Based on application, the market is segmented into tire, belts, hose, and others. Based on end-use industry, the market is segmented into automotive, aerospace, and others. From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Key Players Covered:

The key players in the VP Latex market includes Jubilant Industries Ltd., EXELON BIOCHEM & ADVANCED MATERIAL LTD., Smart Sync Services, Apcotex Industries Limited, OMNOVA, Jiangsu Yatai Chemical Co. Ltd., Zeon Corporation, Shandong Boyi Chemical LLC, Zibo Senlos Import & Export Co.,Ltd, SEAIR EXIM SOLUTIONS, and Zhejiang NetSun Co., Ltd.

Key Insights

    • Key Emerging Trends – For Major Countries
    • Key Developments: Mergers, Acquisition, Partnership, etc.
    • Latest Technological Advancement
    • Insights on Regulatory Scenarios
    • Porters Five Forces Analysis

Regional Analysis:

The rising demand for VP Latex can be seen in the Asia Pacific and anticipated to witness the highest growth during the forecast period. The growth is attributed to the rising demand for VP latex in the tires, which is majorly used in the automotive and aircraft industry. The rapidly growing automotive industry in Europe will fuel the demand for acrylic latex. Furthermore, adoption of hybrid vehicles and innovation in tires will surge the product demand in this region. In North America, the growth is owing to the large production of vinyl pyridine latex in the US, Canada, and Mexico. The Middle East & Africa is anticipated to witness significant growth, owing to the rising product adoption in the tires and hoses.




By Product Type



    • Acrylic Latex
    • Nitrile Latex
    • Others
By Application



    • Tire
    • Belts
    • Hose
    • Others
End Use Industry



    • Automotive
    • Aerospace
    • Others
By Geography



    • North America (U.S. and Canada)
    • Europe (UK, Germany, France, Italy, Spain, and Rest of Europe)
    • Asia Pacific (Japan, China, Taiwan, India, South Korea, Southeast Asia, and Rest of Asia Pacific)
    • Latin America (Brazil, Mexico, and Rest of Latin America)
    • Middle East & Africa (South Africa, GCC, and Rest of the Middle East & Africa)

1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. VP Latex Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. VP Latex Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. VP Latex Market – Supply Chain
4.5. Global VP Latex Market Forecast
4.5.1. VP Latex Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. VP Latex Market Size (000’ Units) and Y-o-Y Growth
4.5.3. VP Latex Market Absolute $ Opportunity

5. Global VP Latex Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. VP Latex Market Size and Volume Forecast by Type
5.3.1. Purity: 40%
5.3.2. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global VP Latex Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. VP Latex Market Size and Volume Forecast by Application
6.3.1. Tire Cord
6.3.2. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global VP Latex Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. VP Latex Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel

8. Global VP Latex Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. VP Latex Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global VP Latex Demand Share Forecast, 2019-2026

9. North America VP Latex Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America VP Latex Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America VP Latex Market Size and Volume Forecast by Application
9.4.1. Tire Cord
9.4.2. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America VP Latex Market Size and Volume Forecast by Type
9.7.1. Purity: 40%
9.7.2. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America VP Latex Demand Share Forecast, 2019-2026

10. Latin America VP Latex Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America VP Latex Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America VP Latex Market Size and Volume Forecast by Application
10.4.1. Tire Cord
10.4.2. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America VP Latex Market Size and Volume Forecast by Type
10.7.1. Purity: 40%
10.7.2. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America VP Latex Demand Share Forecast, 2019-2026

11. Europe VP Latex Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe VP Latex Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe VP Latex Market Size and Volume Forecast by Application
11.4.1. Tire Cord
11.4.2. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe VP Latex Market Size and Volume Forecast by Type
11.7.1. Purity: 40%
11.7.2. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe VP Latex Demand Share, 2019-2026

12. Asia Pacific VP Latex Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific VP Latex Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific VP Latex Market Size and Volume Forecast by Application
12.4.1. Tire Cord
12.4.2. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific VP Latex Market Size and Volume Forecast by Type
12.7.1. Purity: 40%
12.7.2. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific VP Latex Demand Share, 2019-2026

13. Middle East & Africa VP Latex Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa VP Latex Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa VP Latex Market Size and Volume Forecast by Application
13.4.1. Tire Cord
13.4.2. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa VP Latex Market Size and Volume Forecast by Type
13.7.1. Purity: 40%
13.7.2. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa VP Latex Demand Share, 2019-2026

14. Competition Landscape
14.1. Global VP Latex Market: Market Share Analysis
14.2. VP Latex Distributors and Customers
14.3. VP Latex Market: Competitive Dashboard
14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.4.1. Jubilant Industries Ltd Overview Financials Developments Strategic Outlook
14.4.2. Nippon A&L Inc Overview Financials Developments Strategic Outlook
14.4.3. Apcotex Industries Limited Overview Financials Developments Strategic Outlook
14.4.4. OMNOVA Solutions Overview Financials Developments Strategic Outlook
14.4.5. Zeon Overview Financials Developments Strategic Outlook
14.4.6. Jiangsu Yatai Chemical Co., Ltd Overview Financials Developments Strategic Outlook
14.4.7. Zibo Bainaisi Chemical Co.,Ltd Overview Financials Developments Strategic Outlook
14.4.8. Zibo Shuanghe Overview Financials Developments Strategic Outlook
14.4.9. COMPANY9 Overview Financials Developments Strategic Outlook
14.4.10. COMPANY 10 Overview Financials Developments Strategic Outlook
14.4.11. COMPANY 11 Overview Financials Developments Strategic Outlook
14.4.12. COMPANY 12 Overview Financials Developments Strategic Outlook
14.4.13. COMPANY 13 Overview Financials Developments Strategic Outlook
14.4.14. COMPANY 14 Overview Financials Developments Strategic Outlook
14.4.15. COMPANY 15 Overview Financials Developments Strategic Outlook
14.4.16. COMPANY 16 Overview Financials Developments Strategic Outlook
14.4.17. COMPANY 17 Overview Financials Developments Strategic Outlook
14.4.18. COMPANY 18 Overview Financials Developments Strategic Outlook
14.4.19. COMPANY 19 Overview Financials Developments Strategic Outlook
14.4.20. COMPANY 20 Overview Financials Developments Strategic Outlook



By Product Type



    • Acrylic Latex
    • Nitrile Latex
    • Others
By Application



    • Tire
    • Belts
    • Hose
    • Others
End Use Industry



    • Automotive
    • Aerospace
    • Others
  • tire
  • belts
  • hose
  • automotive
  • aerospace

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