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Acrylic Based Elastomers Market Size

ID: MRFR//2642-HCR | 140 Pages | Author: Anshula Mandaokar| November 2024

The dynamics of the Acrylic-Based Elastomers market are influenced by a multitude of variables. The main factor driving this market forward is the increasing demand for products like automobiles, building and construction, and industrial output. They are widely used in many fields because they have high elasticity and resistance to many factors such as weather, which makes these compounds exceptional. In fact, the process of manufacturing various things depends on their availability or otherwise due to their sensitivity towards expansions within different sectors.

The condition of the global economy determines a lot in Acrylic-Based Elastomers market. Macroeconomic indicators including the automobile industry’s state as well as building/construction sectors plus industrial manufacturing dictate whether consumers will buy more elastomeric goods or not. This is because there is a direct relationship between growth rates experienced worldwide and demand for acrylic based elastomers that usually find extensive use during housing projects; auto production processes; manufacturing; consumer goods fabrication apart from others. On the other hand, low economic activity may reduce investment in these areas thereby affecting this industry negatively.

Most often than not, market changes occur due to new modifications made on elastomeric compositions. Through improvements made on polymer chemistry and compounding techniques besides performance characteristics, it may be possible to lengthen service life periods for elastomer-containing materials produced using acrylics, increase flexibility or even reduce cost prices associated with them among several other benefits. Thus, to be at the top in the Acrylic-Based Elastomers market and gain a competitive advantage over rivals, firms should invest into R&D as well as focus on meeting changing demands of the industry.

The Acrylic-Based Elastomers market is highly dependent on supply chain characteristics, such as the price and availability of raw materials. The main elements that make up this group of elastomers are acrylic monomers and other compounding agents. Raw material prices drive certain manufacturing costs that in turn determine dynamics taking place within markets for them. For instance, efficient and reliable delivery systems have to be maintained in order to ensure stability in the market coupled with consistent supplies of acrylic-based elastomers to consumers.

Moreover, Geopolitical variables including global trade policies also play an important role in influencing the Acrylic-Based Elastomers market forces. This leads to shifts within demand and supply sides of global chemical business due to various issues including tariffs, trade agreements as well as geopolitical conflicts. As a result, players involved must understand how they can deal with these kinds of external pressures for them to effectively manage international commercial relationships.

Major participants’ market shares change competitive dynamics in acrylic-based elastomer industry through strategic efforts. Companies therefore seek ways of strengthening their positions through innovation in products; widening their portfolios; or entering into strategic alliances. Consequently, many organizations prefer merging or acquiring others so as they can remain ahead in terms of product offering when compared with rivals thus gaining more mileage against competitors who opt out via consolidation processes among themselves.

Covered Aspects:

Report Attribute/Metric Details
Growth Rate   8.25%

Acrylic Based Elastomers Market Overview


Acrylic Elastomers are the Acrylic Acid based polymers, generally referred to as plastics. This term is majorly used for a type of synthetic rubber whose main component is Acrylic Acid Alkyl Ester. Moreover, these elastomers possess characteristics of heat and oil resistance. Emulsion and suspension polymerization are the two methods used for the preparation of elastomers.  The first acrylic elastomers were homopolymers either ethyl acrylate or methyl acrylate, because these had limited utility, particularly for vulcanized applications. Various copolymer modifications were developed to improve performance, and there evolved division of monomers into two types including backbone monomers and cure site monomers. 

Global Acrylic Based Elastomers Market has experienced positive growth over the past few years, and it is predicted to grow significantly through the forecasted period. Acrylic based elastomers find its application in automotive, paint and coatings, construction, industrial, textile, plastic composite, adhesives & sealants, paper & paperboard and other. Wherein, automotive industry has left its mark with higher consumption of acrylic based elastomers while driving global demand. Acrylic elastomers possess high thermal stability, higher chemical resistant and tensile strength, low shrinkage and greater design flexibility. Owing to the above mentioned properties, acrylic based elastomers are highly preferred in end use industries and are considered as major market drivers in global market. Furthermore, increasing coatings and paints application of these elastomers have raised the demand significantly. On the flip side, high cost of raw material along with rising cost of production will have a serious effect on the global growth of Acrylic Based Elastomers Market. 

Global Acrylic Based Elastomers Market, by form (2016) (%):


                                                                                   Acrylic Based Elastomers Market

Regional Analysis:


Asia Pacific is the largest market globally for Acrylic Based Elastomers. As of 2016, the region occupied majority global market shares both in terms of value and volume. This is due to large automotive base, growing construction projects, and economic development in this region. Moreover, China is the major contributor in this region followed by India, owing to the largest automobile manufacturing base. Also, growing construction activities across the region will have positive impact on regional demand of Acrylic Based Elastomers. North America emerged as second largest market for Acrylic Based Elastomers. Growth in automobile industry along with emerging paints and coatings applications in this region have upraised demand for acrylic based elastomers. U.S. and Mexico collectively drives North American market owing to increasing application of acrylic elastomers. Europe stands third in Global Acrylic Based Elastomers Market. European market growth highly credible to presence of major market players such as BASE SE and Arkema S.A. in this region.


Segmentation:


The Global Acrylic Based Elastomers Market is majorly segmented on the basis of form, end use and region. Market segmentation based on forms of acrylic elastomers includes polyacrylates and ethylene acrylate. Based on end use market has been segmented into automotive, paint and coatings, construction, industrial, textile, plastic composite, adhesives & sealants, paper & paperboard and other. 

Geographically, global market has been segmented into North America, APAC, Europe, Latin America, and Middle East & Africa.

Key Players:


Key players of the Global Acrylic Based Elastomers are DuPont (U.S.), BASF SE (Germany), Dow Chemical Company (U.S.), H.B. Fuller (U.S.), Eastman Chemical Company (U.S.), ExxonMobil Corporation (U.S.), ARKEMA (France), and others.


The report about Global Acrylic Based Elastomers Market by Market Research Future comprises of extensive primary research along with detail analysis of qualitative as well as quantitative aspects by various industry experts and key opinion leaders to gain a deeper insight of the market and industry performance. The report gives a clear picture of the current market scenario which includes past and estimated future market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report further provides detail information about strategies used by top key players in the industry. It also gives a broad study about different market segments and regions.  Study Objectives of Acrylic based Elastomers Market:



  • To provide detailed analysis of the market structure along with forecast for the next 7 years of the various segments and sub-segments of the Global Acrylic Based Elastomers.

  • To understand the supply and demand dynamics including supply and consumption concentration mapping.

  • To provide region level market analysis and future outlook for North America, Europe, Asia, Middle East & Africa and Latin America and their countries.

  • To provide competitor positioning of the market.

  • To provide company profiling of major players in the market along with their production and capacity.

  • To provide regional trade analysis.

  • To evaluate historical market trends, patents and technologies, and current government regulatory requirements that are relevant to the market.


Intended Audience:



  • Acrylic Based Elastomers manufacturers

  • Traders and distributors of Acrylic Based Elastomers

  • Production Process industries

  • Potential investors

  • Raw material suppliers

  • Nationalized laboratory

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