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As expected in polymer and elastomer industries’ nature changeability, acrylic-based elastomer industry is presently undergoing remarkable transformations. The versatility and long life of this material has caused dramatic demand shifts of it across many industrial sectors. One major trend in automotive sector is increased use of acrylic made elastomers. These elastomers are ideal for weather stripping, gaskets and seals used in vehicles due to their exceptional resistance to heat, ozone and chemicals. This improves their durability as well as performance. This development goes along with an industrial-wide push towards new materials that would improve fuel economy, limit pollution levels resulting from automobiles, make them safer.
Besides that, there is a significant increase in demand for acrylic-made elastomers from building & infrastructure industries too. Joint sealants; expansion joints; weatherproofing compounds all utilize these types of materials. Acrylic-made elastomers have excellent bonding capability for building up water proofing against wear & tear because they last longer than ‘normal’ ones. The increased need for high performing elastomers in construction related applications comes with worldwide growth of construction industry.
Strict regulations also enforce long-term suitability and low environmental impact on acrylic-based elastomers, including those derived from acrylic. These formulations must meet emission regulations, volatile organic compound (VOC) requirements, as well as general environmental safety compliance. It shows that businesses want to reduce their ecological footprints and improve air quality towards a sustainable environment by adhering to stringent regulations.
Moreover, many parts of the world have seen growths in demand while emerging economies have played a significant role in this trend. For instance, acrylic-based synthetic rubbers are highly demanded as a result of rapid industrialization and urbanization that is taking place around the regions such as Asia-Pacific. These applications encompass automotive industry, construction and general industrial uses. Manufacturers can exploit increasing demands within various sectors by entering these markets within this region’s sub-regions.
Acrylic Based Elastomers Market Highlights:
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.Â
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.Â
Global Acrylic Based Elastomers Market, by form (2016) (%):
                                          
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.Â
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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