Acrylic Rubber Market Size, Share, Trends, Growth 2032
Acrylic Rubber Market By Product (Beltings, Gaskets, Shaft Seals, O-Rings, Adhesives, and Others), By Application (Automotive, Packaging, Plastics, Consumer Goods, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2024 – 2032-
| Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
|---|---|---|---|
| USD 1114.63 Million | USD 2361.55 Million | 8.7% | 2023 |
Acrylic Rubber Market Insights
According to a report from Zion Market Research, the global Acrylic Rubber Market was valued at USD 1114.63 Million in 2023 and is projected to hit USD 2361.55 Million by 2032, with a compound annual growth rate (CAGR) of 8.7% during the forecast period 2024-2032.
This report explores market strengths, weakness, opportunities, and threats. It also provides valuable insights into the market's growth drivers, challenges, and the future prospects that may emerge in the Acrylic Rubber industry over the next decade.
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. the automotive industry is the dominating segment of the market.
Acrylic Rubber Market: Report Scope
| Report Attributes | Report Details |
|---|---|
| Report Name | Acrylic Rubber Market |
| Market Size in 2023 | USD 1114.63 Million |
| Market Forecast in 2032 | USD 2361.55 Million |
| Growth Rate | CAGR of 8.7% |
| Number of Pages | 110 |
| Key Companies Covered | 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 |
| Segments Covered | By Product, By Application And By Region |
| Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
| Base Year | 2023 |
| Historical Year | 2018 to 2022 |
| Forecast Year | 2024 - 2032 |
| Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Global Acrylic Rubber Market: Regional Analysis
The global Acrylic Rubber market is classified into Europe, North America, the Middle East, Africa, Latin America, and the 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. The 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
- Changzhou Haiba
- NOK
- Fostek Corporation Hi-Tech Polymers
- Chongqing Jianfeng
- Suining Qinglong
The global acrylic rubber Market is segmented as follows:
By Product
- Beltings
- Gaskets
- Shaft Seals
- O-Rings
- Adhesives
- Others
By Application
- Automotive
- Packaging
- Plastics
- Consumer Goods
- 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
Table Of Content
Methodology
FrequentlyAsked Questions
Acrylic rubber is a synthetic rubber that is produced from acrylate-based monomers, including butyl acrylate and ethyl acrylate. It is renowned for its exceptional resistance to heat, oil, ozone, and weathering, rendering it appropriate for a wide range of demanding applications, particularly in the automotive sector. Acrylic rubber is frequently employed in applications that necessitate resistance to oil and chemicals, as well as durability at elevated temperatures.
The automotive industry makes extensive use of acrylic rubber for components such as seals, gaskets, and tubing, as it is highly resistant to oil and heat. Market growth is primarily driven by the ongoing expansion of the automotive industry, particularly with the emergence of electric vehicles.
According to a report from Zion Market Research, the global Acrylic Rubber Market was valued at USD 1114.63 Million in 2023 and is projected to hit USD 2361.55 Million by 2032.
According to a report from Zion Market Research, the global Acrylic Rubber Market a compound annual growth rate (CAGR) of 8.7% during the forecast period 2024-2032.
The global Acrylic Rubber market is classified into Europe, North America, the Middle East, Africa, Latin America, and the 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.
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.
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