Acrylic Rubber - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Acrylic Rubber Market is accounted for $681.19 million in 2018 and is expected to reach $1,619.42 million by 2027 growing at a CAGR of 10.1% during the forecast period. Increasing production of the automotive and rising need for long-lasting products are some of the factors driving the demand for acrylic rubber in the market globally. 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.
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.
Among applications, the automotive segment is likely to have a huge demand in the forecast period. The Acrylic rubber is predominantly used for automotive seal and packaging adds strength to automotive parts. Due to the damping properties of acrylic rubber, it is utilized in vibration damping mounts. Acrylic rubber is also used in automotive transmissions and hoses. By geography, North America and Europe are expected to have a huge demand in the acrylic rubber market due to the rising demand for several end-use industries for sealing and packaging applications.
Some of the key players in Global Acrylic Rubber market include PAR Group, Ames Rubber Manufacturing, DuPont, Apcotex Industries Ltd., Changzhou Haiba, Zeon, Devcon, Anabond Limited, Elder Rubber Company, Fostek Corporation, GBSA, Hanna Rubber Company, Harboro Rubber, Hi-Tech Polymers, INEOS Nitriles Company, Jet Rubber Company, Kivi Markings, ZORGE, Specialty Tapes Manufacturing, Sreeji Trading Company, Suining Qinglong, Synthos SA, Tiger Rubber Company, and Vanderbit Chemicals LLC.
• Dienes Acrylate Rubber
• Active Chlorine Acrylate Rubber
• Epoxy Acrylate Rubber
• Carboxyl Type Acrylate Rubber
• Shaft Seals
• Other Products
• Consumer Goods
• Data Centre
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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