Overview and Scope
Acrylic rubber is synthetic rubber containing acrylonitrile and has excellent resistance to hot oil and oxidation. Acrylic rubber is commonly used in applications where resistance to high temperatures, oil, and chemicals is required.
Sizing and Forecast
The acrylic rubber market size has grown strongly in recent years. It will grow from $1.51 billion in 2023 to $1.64 billion in 2024 at a compound annual growth rate (CAGR) of 8.4%. The growth in the historic period can be attributed to automotive industry adoption, construction sector utilization, environmental regulations, electronics and electrical applications, healthcare industry applications.
The acrylic rubber market size is expected to see strong growth in the next few years. It will grow to $2.18 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%. The growth in the forecast period can be attributed to global industrial growth, adoption in energy-efficient systems, consumer goods market growth, aerospace and aviation expansion, demand in healthcare equipment. Major trends in the forecast period include demand for high-performance materials, automotive industry growth, environmental regulations, expansion in construction sector, electronics and electrical applications.
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Segmentation & Regional Insights
The acrylic rubber market covered in this report is segmented –
1) By Type: Active Chlorine Acrylate Rubber, Carboxyl Type Acrylate Rubber, Dienes Acrylate Rubber, Epoxy Acrylate Rubber
2) By Fabrication Process: Compression Molding, Transfer Molding, Injection Molding, Other Fabrication Process
3) By Application: Textiles, Adhesives, Gaskets, Coating, Plastics, Other Applications
4) By End Use: Automotive Industry, Chemical Industry, Electrical And Electronics, Oil And Gas, Aerospace, Manufacturing, Textile Industry, Marine Industry, Other End Users
Asia-Pacific was the largest region in the acrylic rubber market in 2023. The regions covered in the acrylic rubber market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
Increasing automobile production is expected to propel the growth of the acrylic rubber market. Automobiles refer to self-propelled motor vehicles, including cars, trucks, motorcycles, and others, designed for road transportation. Automotive production refers to transforming basic materials to create motor vehicles and the parts that go into making them. Acrylic rubber products are widely used in automobile components such as transmissions, bearing seals, and O-rings for their heat- and oil-resistant properties. Thus, the increasing automobile production is boosting the sales of acrylic rubber products. For instance, in 2021, according to the European Automobile Manufacturers’ Association (ACEA), a Belgium-based automobile trade association, the world motor vehicle production volume reached 79.1 million units, an increase of 1.3% compared to 2020. Additionally, in March 2023, according to the US Federal Reserve, a US-based central banking system, 1.87 million autos were produced in the US, increasing from 1.71 million in February 2023. As a result, increasing automobile production is driving the growth of the acrylic rubber market.
Key Industry Players
Major companies operating in the acrylic rubber market report are DuPont de Nemours Inc., PAR Group Ltd., Ames Rubber Manufacturing Co. Inc., Apcotex Industries Ltd., Anabond Limited, Hanna Rubber Company, ZEON Corporation, Nok Corporation, Fostek Corporation, Jet Rubber Company, Synthos SA, Vanderbilt Chemicals LLC, Canada Silicone Inc., Elder Rubber Company, Unimatec Chemicals, Changzhou Haiba, Suining Qinglong, Hi-Tech Polymers, Mitsubishi Chemical, Chongqing Jianfeng, Sumitomo Chemical, Kivi Markings, Sreeji Trading Company, Harboro Rubber, Tiger Rubber Company, Toyo Soda Manufacturing, Formosa Chemical & Fibre Corporation, Shin-Etsu Chemical Co. Ltd., Dow Chemical, Eastman Chemical Company
The acrylic rubber market report table of contents includes:
1. Executive Summary
2. Acrylic Rubber Market Characteristics
3. Acrylic Rubber Market Trends And Strategies
4. Acrylic Rubber Market – Macro Economic Scenario
5. Global Acrylic Rubber Market Size and Growth
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31. Global Acrylic Rubber Market Competitive Benchmarking
32. Global Acrylic Rubber Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Acrylic Rubber Market
34. Acrylic Rubber Market Future Outlook and Potential Analysis
35. Appendix
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