Acrylic Rubber Market: Global Industry Analysis and Forecast (2024-2030)

Global Acrylic Rubber Market size was valued at US$ 1097.87 Mn. in 2023 and the total revenue is expected to grow at a CAGR of 8.7 % from 2024 to 2030, reaching nearly US$ 1968.60 Mn.
Acrylic Rubber Market Overview:
The Acrylic Rubber Market is expected to reach US$ 1968.60 Mn. by 2030. Acrylic rubber is an acrylonitrile-containing synthetic rubber. Alkyl acrylate copolymer is the chemical name for this rubber. This report focuses on the different segments of the Acrylic Rubber market (Source, Fabrication Process, Application, and Region). This report examines the major industry players and regions in depth (North America, Asia Pacific, Europe, Middle East & Africa, and South America). It provides a thorough study of today's rapid improvements across many industries. Facts and numbers, visualisations, and presentations are used to present the primary data analysis for the historical period from 2018 to 2023. The market drivers, restraints, opportunities, and challenges for Acrylic Rubber are examined in this report. The MMR report's investment suggestions are based on a thorough examination of the current competitive environment in the Acrylic Rubber market.To know about the Research Methodology :- Request Free Sample Report
Acrylic Rubber Market Dynamics:
Acrylic rubbers (ACM) are unsaturated polar rubbers that have solid growth resistance in non-polar oils and sulphur-containing oils. In light of the fact that polymer spines do not contain unsaturated bonds. As a result, they are resistant to heat, oxygen, and ozone. Acrylic rubber is in higher demand than ever before, owing to the increasing automobile manufacturing and the necessity for long-lasting products. The market for acrylic rubber is expected to grow as the demand for low fuel consumption and increased combustion temperature in the engine compartment grows. To make technical advancements in acrylic rubber, corporations are employing a variety of tactics and investing heavily in R&D.

Rubber demand is increasing in a wide range of industries.

The Rubber consumption has increased as a result of industrialization in a variety of industries for diverse purposes. Rubber demand is growing as the world's population grows. The majority of artificial rubber is used in the automotive industry. Infrastructure and development activities are increasing as the population grows. Electronic equipment and sealants in numerous industries are also on the rise in other industries.

Industry dynamics are changing.

Suppliers are expected to give more value-added content per car as OEMs aim to explore alternative powertrain technologies. OEMs must also guarantee that their suppliers' production footprints, particularly in growing areas, are compatible with future market demands and their own production plans.
Acrylic Rubber Market Segment Analysis:
Based on the Source, the market is segmented into Ethyl Acrylate (EA), Butyl Acrylate (BA), Methoxyethyl Acrylate (MEA), and Ethoxy Ethyl Acrylate (EEA). Ethyl Acrylate (EA) segment is expected to hold the largest market share of xx% by 2030. Rubber is becoming more popular in a variety of applications, including coatings, textiles, seals & gaskets, adhesives, plastics, motor oils and lubricants, pipelines, and others. Ethyl acrylate rubbers are increasingly preferred over other forms of rubber due to their superior qualities, such as strong heat, oxygen, and ozone resistance. Ethyl acrylate rubbers are typically made by radical emulsion polymerization, with the amount of polymerization initiator added adjusting the molar mass. The properties of acrylic rubber are influenced by the chemical structure of the ester groups and the constitution of the comonomers.

Based on the Application, the market is segmented into Coating, Textiles, Seals & Gaskets, Adhesives, Plastics, Engine Oils and Lubricants, Piping, and Others. Engine Oils and Lubricants segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2024-2030. The increase is largely due to increased demand for vehicles. Vehicle demand is increasing as people's lifestyles change. Because of its resistance to engine and transmission oil, as well as automatic transmission fluids, acrylic rubber is used. Increased infrastructural and construction activity are also contributing to the lubricant industry's growth. In addition, large-scale enterprises are seeing an increase in demand for synthetic and bio lubricants as people become more aware of the alternatives to mineral oil-based products.
Regional Insights:
The Asia Pacific region is expected to dominate the Acrylic Rubber Market during the forecast period 2024-2030. The Asia Pacific region is expected to hold the largest market share of xx% by 2030. This is due to the region's growing automobile industry. According to the China Automotive Association, car production climbed by 30% in 2023 and the number of new passenger vehicles registered increased by 23.14 million. Its FDI policy, which has favoured China's automobile industry and encouraged many well-known global brands to invest in it, has been credited with the country's success. In 2023, trucks accounted for about 90% of all commercial vehicles sold in China, with 1.1 million heavy-duty trucks and 229,113 medium-duty trucks sold.

In 2022, total demand for passenger cars and commercial vehicles in Japan was 5.19 million units, up 2.2 percent from 2022, with passenger cars and CVs, excluding mini-vehicles, totalling 3.34 million units, down 0.7 percent from fiscal 2022, and mini-vehicles totalling 1.86 million units, up 7.9%. South Korea's commercial vehicle market accounts for 10% of the country's total automotive market. In 2022, 4.2 million automobiles were produced in South Korea, with 3.6 lakh of them being commercial vehicles. The sales of heavy-duty trucks and commercial vehicles in the Asia Pacific region have been boosted by factors such as economic growth and ongoing high levels of infrastructure spending.

The objective of the report is to present a comprehensive analysis of the Global Acrylic Rubber 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, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Global Acrylic Rubber Market dynamic and structure by analyzing the market segments and projecting the Global Acrylic Rubber Market size. Clear representation of competitive analysis of key players by Distribution Channel, price, financial position, product portfolio, growth strategies, and regional presence in the Acrylic Rubber Market make the report investor’s guide.
Acrylic Rubber Market Scope: Inquiry Before Buying



Acrylic Rubber Market


Report Coverage
Details


Base Year:
2023
Forecast Period:
2024-2030


Historical Data:
2018 to 2023
Market Size in 2023:
US $ 1097.87 Mn.


Forecast Period 2024  to 2030 CAGR:
8.7%
Market Size in 2030:
US $ 1968.60 Mn.


 Segments Covered:
by Source
Ethyl Acrylate (EA)
Butyl Acrylate (BA)
Methoxyethyl Acrylate (MEA)
Ethoxy Ethyl Acrylate (EEA)


by Fabrication Process
Compression Moulding
Transfer Moulding
Injection Moulding
Others


by Application
Coating
Textiles
Seals & Gaskets
Adhesives
Plastics
Engine Oils and Lubricants
Piping
Others



Acrylic Rubber Market by Region
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
North America (United States, Canada and Mexico)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Key Players
1. Zeon
2. Hi-Tech Polymer
3. Ames Rubber Manufacturing
4. DuPont
5. Elder Rubber Company
6. GBSA
7. CANADA SILICONE INC
8. Kivi Markings
9. Plexipave
10. Sreeji Trading Company
11. Harboro Rubber
12. Rubber MilL
13. Apcotex Industries Ltd.
14. Anabond Limted
15. Tiger Rubber Company
16. ZORGE
17. Hanna Rubber Company

Frequently Asked Questions:

1. Which region has the largest share in Global Acrylic Rubber Market?
Ans: Asia Pacific region held the highest share in 2023.

2. What is the growth rate of Global Acrylic Rubber Market?
Ans: The Global Acrylic Rubber Market is growing at a CAGR of 8.7% during forecasting period 2024-2030.

3. What is scope of the Global Acrylic Rubber market report?
Ans: Global Acrylic Rubber 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 Rubber market?
Ans: The important key players in the Global Acrylic Rubber Market are – Zeon, Hi-Tech Polymer, Ames Rubber Manufacturing, DuPont, Elder Rubber Company, GBSA, CANADA SILICONE INC, Kivi Markings, Plexipave, Sreeji Trading Company, Harboro Rubber, Rubber MilL, Apcotex Industries Ltd., Anabond Limted, Tiger Rubber Company, ZORGE, and Hanna Rubber Company

5. What is the study period of this market?
Ans: The Global Acrylic Rubber Market is studied from 2024 to 2030.