Acrylic Rubber Market Product (Beltings, Gaskets, Shaft Seals, O-Rings, Adhesives, and Others), Application (Automotive, Packaging, Plastics, Consumer Goods, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2026

According to the report published by Zion Market Research, global demand for acrylic rubber market was valued at approximately USD 798.4 Million in 2019, and is expected to generate revenue of around USD 1,418.3 Million by end of 2026, growing at a CAGR of around 8.5% between 2020 and 2026.

29-Oct-2020 | Number of pages: 110 | Report Code: ZMR-320 | Report Format : | Status : Published

Abstract

According to the report published by Zion Market Research, global demand for acrylic rubber market was valued at approximately USD 798.4 Million in 2019, and is expected to generate revenue of around USD 1,418.3 Million by end of 2026, growing at a CAGR of around 8.5% between 2020 and 2026.

Global Acrylic Rubber Market: Overview

Acrylic rubber is a type of rubber that shows excellent resistance to hot oil and oxidation. The chemical name of acrylic rubber is alkyl acrylate copolymer (ACM) and the trade name is HyTemp. It is classified under specialty rubbers. It has a continuous working temperature limit of 150°C and a sporadic limit of 180°C. ACM has electrical and magnetic polarity and is free from any kind of unsaturation. Other advantages are resistance to ozone and low permeability to gasses. It is majorly used in automotive transmissions and hoses along with shaft seals, adhesives, beltings, gaskets, and O-rings. Owing to its damping properties, it is used in vibration damping mounts.

Global Acrylic Rubber Market: Growth Factors

Increasing production of an automotive and rising need for long lasting products are the factors driving the demand of acrylic rubber in the market globally. One of the major applications of acrylic rubber is automotive seals and hoses mainly due to the increasing need for oil-resistant rubber materials. This, in turn, is impacting the market in a positive way. In addition, growing need for low-fuel consumption and increasing combustion temperature in the engine compartment also contributes to the growth of the global acrylic rubber market. Acrylic rubber is not able to show resistance to some of the acids and bases, and also to moisture. This, in turn, may hamper the market growth in the near future.

Global Acrylic Rubber Market: Segmentation

On the basis of product, the global acrylic rubber market is segmented as beltings, gaskets, shaft seals, o-rings, adhesives, and others. Based on the application, the global market is segmented as automotive, packaging, plastics, consumer goods, and others. Of which, the automotive industry is the dominating segment of the market. Geographically, the global acrylic rubber market is segmented as North America, Asia-Pacific, Europe, the Middle East and Africa, and Rest of World (RoW).

Global Acrylic Rubber Market: Regional Analysis

The global Acrylic Rubber market is classified into Europe, North America, the Middle East and Africa, Latin America, and Asia Pacific. North America and Europe are anticipated to be the largest players in the global acrylic rubber market. In the Asia Pacific region, China, Japan, and India are major markets for acrylic rubber and are likely to be in the future. This is due to the increasing automotive industry coupled with bettering economies of emerging economies in the region. Asia Pacific is expected to high growth in the market. One of the major factors responsible for this high growth is the automotive industry in these regions.

Global Acrylic Rubber Market: Competitive Players

Some of the most important market players in the global acrylic rubber market include DuPont, Zeon, Anabond Limited, Denka, Jet Rubber Company, and Changzhou Haiba. Other key players influencing the global market are NOK, Fostek Corporation Hi-Tech Polymers, Chongqing Jianfeng, and Suining Qinglong, among others.

 Acrylic Rubber Market: Regional Segment Analysis

 

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Frequently Asked Questions

The factors driving the growth of the global acrylic rubber market are the growth in vehicle manufacturing and the growing need for long-life products. In addition, the demand for low-fuel consumption is growing and the temperature in the engine compartment is rising, leading to the global growth of the acrylic rubber industry.

According to Zion Market Research, global demand for Acrylic Rubber market is expected to generate revenue of around USD 1,418.3 Million by end of 2026, growing at a CAGR of around 8.5% between 2020 and 2026.

The North America Acrylic Rubber market is projected to hold the largest share globally in the future. Growing demand for acrylic rubber in the automotive industry expected to propel the demand.

Some main participants of the Acrylic Rubber market are DuPont, Zeon, Anabond Limited, Denka, Jet Rubber Company, and Changzhou Haiba. Other key players influencing the global market are NOK, Fostek Corporation Hi-Tech Polymers, Chongqing Jianfeng, and Suining Qinglong, among others.

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