Acrylic Rubber Market reached a valuation of USD 750 million in 2019 and is expected to cross USD 1.2 billion in 2024 with a CAGR of about 8.2% from 2019 to 2024. Acrylic rubber, also known as ACM (alkyl acrylate copolymer) or Hy Temp is a type of specialty rubber, which has high heat resistance, aging resistance, oil resistance, ozone resistance, resistance to ultraviolet radiation and others. Owing to such properties, it is popularly used in automotive transmissions, hoses, gaskets, adhesives, beltings, and O-rings. Acrylic rubber also has dampening properties because of which, it is also used in dampening mounts.
Increasing production of automotive and the demand for long-lasting products are the driving factors for the growth of the market. In terms of application, perhaps the most prevalent use of acrylic rubber is in automotive seals and gaskets owing to the increasing need for oil-resistant rubber materials. The growing need for lower fuel consumption and rising combustion temperature in the engine compartment also has a positive impact on the market. The rising demand from end-users enterprises such as customer merchandise and plastics will steadily contribute to the growth of the market. Rapid industrialization, especially in emerging economies like China, will continue to play a vital role in the growth of the market in the forecast years. However, the disadvantages of acrylic rubber, such as low resistance to moisture, acids, and bases, may hinder the growth of the market in the coming years.
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Competitive Landscape:
The report offers details about financial standing, global positional, license agreement, business expansion plans and product portfolios of each player operating in the market. The global Acrylic Rubber market is extremely competitive and comprise various key players operating at global and regional levels. These players are adopting various strategies such as mergers and acquisitions, collaborations, joint ventures, partnerships, R&D investments and new product launches to gain robust footing in the market and expand their product portfolio.
Key Companies in the market include: Zeon, NOK, Changzhou Haiba Rubber Co., Ltd., DuPont, The Harboro Rubber Co., Ltd.
Report Overview:
The materials and chemicals industry revenue has rapidly expanded over the recent past. The global Acrylic Rubber market is expected to register robust revenue growth during the forecast period, 2021-2028. Revenue growth of the global market is significantly driven by factors such as high demand for raw materials and chemicals across various sectors including food and beverages, paper pulp, chemicals and medical, biotechnology and pharmaceutical and rapid urbanization and industrial developments worldwide. In addition, increasing per capita income, rising investments by public and private organizations and rising demand for eco-friendly and sustainable products due to rising awareness about carbon emissions are expected to boost global market growth during the forecast period.
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Market Segmentation
- Market segment based on Product:
- Epoxy Acrylate Rubber
- Carboxyl Type Acrylate Rubber
- Active Chlorine Acrylate Rubber
- Dienes Acrylate Rubber
- Market segment based on Application:
- Gaskets
- Automotive Transmissions
- Hoses
- Adhesives
- Others
Regional Outlook:
Key Regional Markets Covered in the Report:
North America (U.S.A., Canada, Mexico)
Europe (Italy, U.K., Germany, France, Rest of Europe)
Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
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Key questions covered in the global Acrylic Rubber market report:
- What is the expected market size of the global Acrylic Rubber market during the forecast period?
- What factors are expected to hamper global Acrylic Rubber market growth over the forecast period?
- What key factors are expected to drive global revenue growth between 2021 and 2028?
- Which application segment is expected to dominate other application segments over the forecast period?
- Which region is expected to dominate in terms of revenue during the forecast period?
- What are the key outcomes of Porter’s Five Forces analysis and SWOT analysis?
- Which leading players are operating in the global Acrylic Rubber market?
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