Acrylic Rubber Global Market Report 2024

“Acrylic Rubber Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on acrylic rubber market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

• Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
• Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
• Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
• Measure the impact of high global inflation on market growth.
• Create regional and country strategies on the basis of local data and analysis.
• Identify growth segments for investment.
• Outperform competitors using forecast data and the drivers and trends shaping the market.
• Understand customers based on the latest market shares.
• Benchmark performance against key competitors.
• Suitable for supporting your internal and external presentations with reliable high quality data and analysis
• Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
• All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for acrylic rubber? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The acrylic rubber market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of COVID-19 on supply chains and consumption patterns.

• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

• 1) By Type: Active Chlorine Acrylate Rubber; Carboxyl Type Acrylate Rubber; Dienes Acrylate Rubber; Epoxy Acrylate Rubber
• 2) By Fabrication Process: Compression Molding; Transfer Molding; Injection Molding; Other Fabrication Process
• 3) By Application: Textiles; Adhesives; Gaskets; Coating; Plastics; Other Applications
• 4) By End Use: Automotive Industry; Chemical Industry; Electrical And Electronics; Oil And Gas; Aerospace; Manufacturing; Textile Industry; Marine Industry; Other End Users
• Companies Mentioned: DuPont de Nemours Inc.; PAR Group Ltd.; Ames Rubber Manufacturing Co. Inc.; Apcotex Industries Ltd.; Anabond Limited
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Acrylic rubber, a synthetic rubber containing acrylonitrile, exhibits exceptional resistance to high temperatures, oil, and oxidation. It finds widespread use in applications requiring resilience to elevated temperatures and exposure to chemicals.

The primary categories of acrylic rubbers encompass active chlorine acrylate rubber, carboxyl-type acrylate rubber, dienes acrylate rubber, and epoxy acrylate rubber. Active chlorine acrylate rubber is a synthetic rubber derived from the chlorination of acrylate polymers. These rubbers are produced through various manufacturing processes such as compression molding, transfer molding, injection molding, among others. They are utilized across diverse applications, including textiles, adhesives, gaskets, coatings, plastics, and more. Industries benefiting from acrylic rubber applications include automotive, chemical, electrical and electronics, oil and gas, aerospace, manufacturing, textiles, marine, and others.

The acrylic rubber market research report is one of a series of new reports from The Business Research Company that provides acrylic rubber market statistics, including acrylic rubber industry global market size, regional shares, competitors with a acrylic rubber market share, detailed acrylic rubber market segments, market trends and opportunities, and any further data you may need to thrive in the acrylic rubber industry. This acrylic rubber market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The acrylic rubber market size has grown strongly in recent years. It will grow from $1.51 billion in 2023 to $1.64 billion in 2024 at a compound annual growth rate (CAGR) of 8.4%. The expansion observed in the historical period can be ascribed to the adoption in the automotive industry, utilization in the construction sector, compliance with environmental regulations, and applications in electronics, electrical, and healthcare industries.

The acrylic rubber market size is expected to see strong growth in the next few years. It will grow to $2.18 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%. The anticipated growth in the forecast period can be linked to the global industrial expansion, increased adoption of energy-efficient systems, the growth of the consumer goods market, the expansion of the aerospace and aviation sectors, and the rising demand for healthcare equipment. Key trends expected in the forecast period encompass a heightened demand for high-performance materials, the growth of the automotive industry, the influence of environmental regulations, the expansion of the construction sector, and the continued application of electronics and electrical components.

The expansion of the acrylic rubber market is anticipated to be fueled by the rise in automobile production. Automobiles, encompassing cars, trucks, motorcycles, and similar self-propelled motor vehicles designed for road transportation, are key contributors to this growth. Automotive production involves the conversion of raw materials into motor vehicles and their components. Acrylic rubber products, known for their heat and oil resistance, find widespread use in various automobile components such as transmissions, bearing seals, and O-rings. Consequently, the surge in automobile production is positively impacting the sales of acrylic rubber products. In 2021, the global motor vehicle production volume reached 79.1 million units, marking a 1.3% increase from the previous year, as reported by the European Automobile Manufacturers' Association (ACEA), a Belgium-based automobile trade association. Additionally, data from the US Federal Reserve in March 2023 revealed a production increase from 1.71 million to 1.87 million autos compared to February 2023. Thus, the upward trend in automobile production is a significant driver of the acrylic rubber market.

The continuous growth of the acrylic rubber market is expected to be propelled by the expanding construction industry. The construction industry, encompassing the manufacturing and trade sector focused on building, maintaining, and repairing infrastructure, relies on acrylic rubbers for weather-resistant protection in roofs and sealing joints and gaps in structures. A report published by Statistics Canada in July 2022 highlighted a 2.7% increase in investment in building construction, reaching $20.9 billion in 2022. Moreover, according to Marsh, an insurance broking and risk management firm, the global construction market is anticipated to witness a substantial growth of US$4.5 trillion, reaching US$15.2 trillion between 2020 and 2030. Consequently, the expanding construction industry serves as a driving force behind the growth of the acrylic rubber market.

The acrylic rubber market is witnessing a prominent trend towards product innovations, with major companies actively introducing novel products to enhance their market standing. Notably, in September 2023, BASF SE, a Germany-based chemical manufacturer, unveiled 2-Octyl Acrylate (2-OA), a bio-based acrylic monomer. This innovative product is derived from 2-Octanol, a bio-based feedstock obtained from castor oil, providing a renewable and sustainable alternative to conventional fossil-based resources. BASF's 2-OA is certified with 73% 14C-traceable bio-based content, aligning with the ISO 16620 standard.

Companies at the forefront of the acrylic rubber market are placing a strong emphasis on collaboration and partnerships to deliver reliable services to their customers. Strategic partnerships, characterized by structured affiliations established through business agreements or contracts, are a key focus. For example, in October 2023, Mitsubishi Chemical Group Corporation, a Japan-based provider of solutions for performance products, industrial materials, and healthcare, collaborated with Honda Motor Co Ltd., a Japanese manufacturer of motorcycles, automobiles, and power equipment. Together, they developed PMMA (polymethyl methacrylate) with enhanced impact resistance for car bodies by compounding acrylic resin with rubber particles. This innovative material has the potential to revolutionize the automotive industry, offering several advantages over traditional steel and aluminum.

In September 2021, Trinseo, a US-based manufacturer specializing in plastics and latex products, acquired Aristech Surfaces LLC for approximately $445 million. This strategic acquisition by Trinseo aimed to leverage Aristech's capabilities, strengthening its position in acrylic solutions and expanding its product portfolio in crucial markets, including construction, building, and consumer goods. Aristech Surfaces LLC, a US-based manufacturer known for producing acrylic rubber sheets and other specialty materials, enhances Trinseo's offerings in the acrylic rubber market.

Major companies operating in the acrylic rubber market report are DuPont de Nemours Inc., PAR Group Ltd., Ames Rubber Manufacturing Co. Inc., Apcotex Industries Ltd., Anabond Limited, Hanna Rubber Company, ZEON Corporation, Nok Corporation, Fostek Corporation, Jet Rubber Company, Synthos SA, Vanderbilt Chemicals LLC, Canada Silicone Inc., Elder Rubber Company, Unimatec Chemicals, Changzhou Haiba, Suining Qinglong, Hi-Tech Polymers, Mitsubishi Chemical, Chongqing Jianfeng, Sumitomo Chemical, Kivi Markings, Sreeji Trading Company, Harboro Rubber, Tiger Rubber Company, Toyo Soda Manufacturing, Formosa Chemical & Fibre Corporation, Shin-Etsu Chemical Co. Ltd., Dow Chemical, Eastman Chemical Company

Asia-Pacific was the largest region in the acrylic rubber market in 2023. The regions covered in the acrylic rubber market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the acrylic rubber market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain

The acrylic rubber market consists of sales of butyl rubber, carboxyl nitrile rubber, fluorocarbon rubber, and neoprene rubber. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.