Latex paint is a water-based paint that uses synthetic polymers as a binder. It is known for its quick drying time, low odor, and easy cleanup with soap and water. This type of paint is commonly used for interior walls and ceilings due to its smooth finish and durability. One of the main advantages of latex paint is its flexibility, which allows it to expand and contract with temperature changes without cracking. It is also resistant to fading and yellowing, making it a popular choice for both residential and commercial applications.