Acrylic Elastomers Marketby Material Type (Acrylic Co-monomer Elastomer/ACM and Ethylene Acrylic Elastomers/AEM), End-Use Industry Type (Automotive, Construction, and Industrial), and Region (North America [The USA, Canada, and Mexico], Europe [Germany, France, The UK, Russia, and Rest of Europe], Asia-Pacific [China, Japan, South Korea, India, and Rest of Asia-Pacific], and Rest of the World [Brazil, Saudi Arabia, and Others]).
Acrylic Elastomers Market by Material Type (Acrylic Co-monomer Elastomer/ACM and Ethylene Acrylic Elastomers/AEM), End-Use Industry Type (Automotive, Construction, and Industrial), and Region (North America [The USA, Ca...
Acrylic elastomers are a type of synthetic rubber that combines the characteristics of acrylic polymers and elastomers. Elastomers are polymers with elastic properties, meaning they can return to their original shape after being stretched or deformed. These elastomers have high heat resistance, good resistance to oil and chemicals, and excellent weather ability. They are often used in applications where resistance to heat, oil, and chemicals is required, such as in automotive seals, gaskets, O-rings, and hoses. Acrylic elastomers offer a balance between flexibility and durability, making them valuable in various industrial and automotive applications.
The acrylic elastomers market, like many other industries, experienced challenges due to the COVID-19 pandemic. The pandemic led to disruptions in the global supply chain, decreased demand for non-essential goods, and widespread economic uncertainty, which impacted the elastomers industry. Additionally, the automotive industry, a significant consumer of acrylic elastomers for applications like seals and gaskets, experienced a sharp decline in sales as people reduced spending and travel.
Acrylic Elastomers, a sizeable market, could not escape from such trends and witnessed a colossal decline amid the pandemic. However, as economies adapted to the pandemic and implemented safety measures, the acrylic elastomers market, like many other markets, started to recover. With the gradual reopening of manufacturing facilities and increased demand for goods, as economies rebounded, the market for acrylic elastomers showed signs of improvement.
Segment Analysis
Segmentations
List of Sub-Segments
Dominant and Fastest-Growing Segments
Material-Type Analysis
Acrylic Co-monomer Elastomer/ACM and Ethylene Acrylic Elastomers/AEM
Acrylic Co-monomer Elastomer is anticipated to remain the biggest demand generator for the acrylic elastomers market in the years to come.
End-User Industry Type Analysis
Automotive, Construction, and Industrial
The automotive industry is likely to dominate and be the fastest-growing industry for the acrylic elastomers market in the foreseen years.
Regional Analysis
North America, Europe, Asia-Pacific, and The Rest of the World
Asia-Pacific is expected to lead and fastest growth trajectory over the next five years.
Material Trends
"The acrylic co-monomer elastomersegment accounted for the largest market share."
Based on the material type, the acrylic elastomers market is segmented into acrylic co-monomer elastomers and ethylene acrylic elastomers. Acrylic co-monomer elastomer is expected to remain the largest and fastest-growing material in the market during the forecast period due to its superior properties and versatile applications in the automobile and industrial sectors. Its excellent resistance to heat, oil, chemicals, and weather, coupled with its durability and flexibility, make it highly desirable for various industries.
End-UseTrends
"The automotive industry is expected to remain dominant as well as the fastest-growing market during the forecast period."
Based on the end-user industry type, the market is segmented into automotive, construction, and industrial. The automotive industryis expected to remain the dominant as well as the fastest-growing market during the forecast period for applications in various parts like seals, gaskets, hoses, and O-rings due to their exceptional heat resistance, oil resistance, and durability. With the automotive industry continually evolving and emphasizing the production of high-performance vehicles, the demand for advanced materials like acrylic elastomers is steadily increasing.
Regional Insights
"Asia-Pacific accounted for the largest market share."
In terms of regions, Asia-Pacific is expected to remain the largest market for Acrylic Elastomers during the forecast period. This region has a presence of a large number of major automotive OEMs, which makes the region a growth engine for the automotive industry. Additionally, the increasing focus on energy efficiency and sustainability has driven the adoption of acrylic elastomers in the construction sector. These elastomers are used in seals and gaskets for doors, windows, and facades, contributing to energy conservation efforts in buildings.
Note: The above list does not necessarily include all the top players in the market.
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Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market.
What deliverables will you get in this report?
Key questions this report answers
Relevant contents in the report
How big is the sales opportunity?
In-depth analysis of the Acrylic Elastomers Market
How lucrative is the future?
Market forecast and trend data and emerging trends
Which regions offer the best sales opportunities?
Global, regional and country level historical data and forecasts
Which are the most attractive market segments?
Market segment analysis and forecast
Which are the top players and their market positioning?
Porter’s five forces analysis, PEST analysis, Life cycle analysis
What are the factors affecting the market?
Drivers & challenges
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10% free customization
The acrylic elastomers market is segmented into the following categories:
By MaterialType
Acrylic Co-monomer Elastomer
Ethylene Acrylic Elastomer
By End-User Industry Type
Automotive
Construction
Industrial
By Region
North America (Country Analysis: The USA, Canada, and Mexico)
Europe (Country Analysis: Germany, France, The UK, Russia, and The Rest of Europe)
Asia-Pacific (Country Analysis: Japan, China, India, and The Rest of Asia-Pacific)
Rest of the World (Country Analysis: Brazil, Saudi Arabia, and Others)
Research Methodology
This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today’s acrylic elastomers market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
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With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Detailed profiling of additional market players (up to three players)
SWOT analysis of key players (up to three players)
Competitive Benchmarking
Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances
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The Acrylic Elastomers market is estimated to grow at a CAGR of 9.2% by 2028, driven by automotive OEM production and rising demand in the construction sector.
BASF SE, Changzhou Haiba Ltd., Chengdu Dowhon Industry Co., Ltd., Denka Company Limited., DER-GOM S.R.L., Dow DuPont., Kuraray Co., Ltd., NOK Corporation, Trelleborg AB, Zeon Corporation are the leading players in the acrylic elastomers market.
Asia-Pacific is estimated to remain dominant in the acrylic elastomers market in the foreseeable future since the region is a hub for manufacturing activities, like automotive OEMs and numerous industries requiring high-performance elastomers for their production. The key economies driving the region’s demand for acrylic elastomers are China, India, Japan, and South Korea.
Asia-Pacific is estimated to remain the fastest-growing market for acrylic elastomers in the foreseeable future since focusing on focus on energy efficiency in the growing automotive and construction industries.
The automotive industry is expected to remain the dominant as well as the fastest-growing end-user industry type in the market during the forecast period due to the vast applications of acrylic elastomers in various parts like seals, gaskets, hoses, and O-rings due to their exceptional heat resistance, oil resistance, and durability.
