What Has Been the Growth of the Acrylic Rubber Market So Far?
The acrylic rubber market has seen considerable growth due to a variety of factors.
•The size of the acrylic rubber market has seen substantial growth in the past few years. The market is projected to expand from $1.63 billion in 2024 to $1.76 billion in 2025, with a compound annual growth rate (CAGR) of 8.1%.
The historic growth in this sector can be credited to its adoption in the automotive industry, use in the construction sector, compliance with environmental regulations, applications in electronics and electricity, as well as its role in the healthcare industry.
What Are the Future Growth Projections for the Acrylic Rubber Market?
The acrylic rubber market is expected to maintain its strong growth trajectory in upcoming years.
• There is an anticipation for significant expansion in the acrylic rubber market in the upcoming years, with its size projected to reach "$2.41 billion by 2029, growing at a compound annual growth rate (CAGR) of 8.1%.
This growth in the predicted period can be credited to the worldwide growth of industries, acceptance in systems that are energy efficient, an expanding consumer goods market, developments in aerospace and aviation, as well as a heightened demand in healthcare equipment. Dominant trends forecasted for this period encompass a higher demand for materials with excellent performance, an upward trajectory in the automotive industry, environmental regulations, growth in the construction sector, along with applications in electronics and electricals.
What Are The Core Factors Supporting Growth In The Acrylic Rubber Market?
The growth of the acrylic rubber market is anticipated to be fueled by the surge in automobile manufacturing. The term 'automobiles' encompasses self-driven motor vehicles such as cars, trucks, motorcycles, and the like that are purposed for vehicular movement on roads. The concept of automotive production encompasses the process of transforming raw materials into motor vehicles and their constituent parts. Acrylic rubber materials, recognised for their resistance to heat and oil, are commonly integrated into varying car parts such as transmission systems, bearing seals, and O-rings. Hence, the rise in automotive manufacturing is directly influencing the heightened demand and sales of acrylic rubber-based products. To illustrate, data from the Belgium-based European Automobile Manufacturers Association, in May 2023, indicated that 85.4 million motor vehicles were manufactured globally in 2022, marking a 5.7% rise in production from the previous year, 2021. Consequently, the expanding automotive manufacturing sector is stimulating growth in the acrylic rubber market.
What Are The Major Segments Within The Global Acrylic Rubber Market?
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
Subsegments:
1) By Active Chlorine Acrylate Rubber: Liquid Formulations, Solid Formulations
2) By Carboxyl Type Acrylate Rubber: Thermoplastic Grades, Thermosetting Grades
3) By Dienes Acrylate Rubber: High Molecular Weight Types, Low Molecular Weight Types
4) By Epoxy Acrylate Rubber: UV Curable Types, Thermal Curable Types
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Which Trends Are Expected To Transform The Acrylic Rubber Market?
A key trend in the acrylic rubber market that is gaining traction is product innovations. Major firms competing in this market are launching creative offerings to maintain their market standing. For example, BASF SE, a chemicals manufacturer based in Germany, debuted a bio-based acrylic monomer called 2-Octyl Acrylate (2-OA) in September 2023. This product is made from 2-Octanol, a bio-based feedstock obtained from castor oil, offering a sustainable and eco-friendly option to fossil-based raw materials. In compliance with the ISO 16620 standard, BASF's 2-OA is verified to have 73% 14C-traceable bio-based content.
Who Are the Key Players in the Acrylic Rubber Market?
Major companies operating in the acrylic rubber market include:
• 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
What Is The Most Dominant Region In The Acrylic Rubber Market?
Asia-Pacific was the largest region in the acrylic rubber market in 2024. The regions covered in the acrylic rubber market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
