Recently, the latex powder market ushered in steady growth. Benefiting from the rebound in demand in downstream architectural coatings, adhesives and other industries, domestic latex powder production continued to increase, with a year-on-year increase of about 8% in the first three quarters of 2024. With the tightening of environmental protection policies, the rapid development of water-based adhesives and environmentally friendly coatings has driven the demand for high-performance latex powders. Many companies have increased investment in technology research and development, and launched new latex powder products suitable for high solid content and low VOC formulations to enhance market competitiveness. In terms of raw materials, the price fluctuation of styrene and other major raw materials has put some pressure on the cost of latex powder, and some enterprises have eased the cost pressure by optimizing the formula and procurement strategy. Industry analysts believe that in the future, the latex powder industry will develop in the direction of high-end and functionalization, and enterprises with technological advantages and stable supply chain are expected to further expand their market share.