Acrylic Elastomers Market – Global Market Size, Strategic Growth Drivers, Risk Assessment Framework, Regulatory Landscape Review, Competitive Intensity Mapping & Long-Term Industry Outlook to 2030
Overview
Global Acrylic Elastomers Market size was valued at USD 1012.98 Mn in 2023 and the total revenue is expected to grow at 9.1 % through 2024 to 2030, reaching nearly USD 1863.69 Mn.
The global Acrylic Elastomers market report is a comprehensive analysis of the industry, market, and key players. The report has covered the market by demand and supply-side by segments. The global Acrylic Elastomers report also provides trends by market segments, technology, and investment with a competitive landscape.
Global Acrylic Elastomers Market Overview:
Acrylic elastomers are oil resistant and heat resistant. Initially, its usage was limited to vulcanized applications but now it can also be used for automobile packaging and oil seals.
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Global Acrylic Elastomers Market Dynamics:
The growing application of acrylic elastomers in turbocharged engines and the application of acrylic elastomers in various sectors are driving factors for market growth. Acrylic elastomers with properties of high thermal stability and higher chemical resistant will boost market growth during the forecast period.
Rising investment in the automotive industry and technological advancement with innovation of new products creates lucrative opportunities for the market.
Government stringent regulations and the high price of raw materials are restraining factors for the market whereas availability of substitute with low cost is the challenging factor for the market.
Global Acrylic Elastomers Market Segment Analysis:
By Type, the acrylic elastomers market is bifurcated into Acrylic Co-monomer Elastomer/ACM & Ethylene Acrylic Elastomers/AEM. The Acrylic Co-monomer Elastomer segment held the largest share of the acrylic elastomers market in 2023 and is expected to grow during the forecast period thanks to increasing demand for ACM in the Asia Pacific region.
By End-Use Industry, the market is bifurcated into automotive, construction, industrial. The automotive end-use industry segment accounted for the largest share of the acrylic elastomers market in 2023. Increasing use of acrylic elastomers to develop under-the-hood automotive components are expected to propel the demand of the automotive end-use industry segment. An increase in automobile production worldwide is fueling the growth of the automotive end-use industry segment of the acrylic elastomers market
Global Acrylic Elastomers Market Regional Insights:
Asia Pacific is dominating the Acrylic Elastomers Market
Asia Pacific dominates market with the share xx% of the acrylic elastomers market in 2023 thanks to the growth in the production of automobiles in the economies including India, China, Indonesia, and among others. Increased automobile production ultimately drives the demand for acrylic elastomers in the Asia Pacific, as acrylic elastomers are adopted among automotive industry to develop under-the-hood automotive components.
North America is expected to be the second-largest Acrylic Elastomers Market
North America is also expected to grow at a CAGR xx% during the forecasted period 2024-2030. Factors like the growing automobile industry and expansion in the application of paints and coatings in the region are driving the acrylic elastomers' demand.
The objective of the report is to present a comprehensive analysis of the Global market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.
PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding the Global market dynamics, structure by analyzing the market segments and project the Global market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global market make the report investor’s guide.
Global Acrylic Elastomers Market Scope: Inquire before buying
| Global Acrylic Elastomers Market | |||
|---|---|---|---|
| Report Coverage | Details | ||
| Base Year: | 2023 | Forecast Period: | 2024-2030 |
| Historical Data: | 2018 to 2023 | Market Size in 2023: | USD 1012.98 Mn. |
| Forecast Period 2024 to 2030 CAGR: | 9.1% | Market Size in 2030: | USD 1863.69 Mn. |
| Segments Covered: | by Type | Acrylic Co-monomer Elastomer/ACM Ethylene Acrylic Elastomers/AEM |
|
| by End-Use Industry | Automotive Construction Industrial |
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Global Acrylic Elastomers Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, Turkey, Russia and Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, ASEAN and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina, Columbia and Rest of South America)
Global Acrylic Elastomers Market, Key Players are
1. BASF SE
2. DowDuPont
3. The Dow Chemical Company
4. Zeon Corporation
5. NOK CORPORATION
6. Trelleborg AB
7. DER-GOM
8. Denka Company Limited
9. CHENGDU DOWHON INDUSTRY CO., LTD
10. Kuraray Co., Ltd.
11. H.B. Fuller
12. Eastman Chemical Company
13. ExxonMobil Corporation
14. ARKEMA
15. NOK CORPORATION
16. Changzou Haiba Ltd.
17. Seal & Design Inc.
18. Paromak
19. Air Products and Chemicals, Inc.
20. NIPPON SHOKUBAI CO. LTD.
21. Mitsubishi Chemical Holdings Corporation
22. Celanese Corporation
23. LG Chem
24. Denka Company Limited
Frequently Asked Questions:
1. Which region has the largest share in Global Market?
Ans: Asia Pacific region held the highest share in 2023.
2. What is the growth rate of Global Market?
Ans: The Global Market is growing at a CAGR of 9.1% during forecasting period 2024-2030.
3. What is scope of the Global Market report?
Ans: Global Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.
4. Who are the key players in Global Acrylic Elastomers Market?
Ans: The important key players in the Global Acrylic Elastomers Market are – BASF SE, DowDuPont, The Dow Chemical Company, Zeon Corporation, NOK CORPORATION, Trelleborg AB, DER-GOM, Denka Company Limited, CHENGDU DOWHON INDUSTRY CO., LTD, Kuraray Co., Ltd., H.B. Fuller, Eastman Chemical Company, ExxonMobil Corporation, ARKEMA, NOK CORPORATION, Changzou Haiba Ltd., Seal & Design Inc., Paromak, Air Products and Chemicals, Inc., NIPPON SHOKUBAI CO. LTD., Mitsubishi Chemical Holdings Corporation, Celanese Corporation, LG Chem, Denka Company Limited.
5. What is the study period of this Market?
Ans: The Global Market is studied from 2023 to 2030.