Acrylic Elastomer Trends and Forecast
The future of the global acrylic elastomer market looks promising with opportunities in the automotive, aerospace, industrial, construction, paints & coatings, adhesives & sealants, textile, and plastic markets. The global acrylic elastomer market is expected to reach an estimated $1.5 billion by 2030 with a CAGR of 7.6% from 2024 to 2030. The major drivers for this market are growing popularity of electric vehicles and rising usage of acrylic elastomers in turbocharged engines.
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Acrylic Elastomer by Segment
The study includes a forecast for the global acrylic elastomer by type, molding technology, end use industry, and region.
Acrylic Elastomer Market by Type [Shipment Analysis by Value from 2018 to 2030]:
- Polyacrylates
- Ethylene Acrylates
Acrylic Elastomer Market by Molding Technology [Shipment Analysis by Value from 2018 to 2030]:
- Compression Molding
- Injection Molding
- Transfer Molding
- Others
Acrylic Elastomer Market by End Use Industry [Shipment Analysis by Value from 2018 to 2030]:
- Automotive
- Aerospace
- Industrial
- Construction
- Paints & Coatings
- Adhesives & Sealants
- Textile
- Plastic
- Others
Acrylic Elastomer Market by Region [Shipment Analysis by Value from 2018 to 2030]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Acrylic Elastomer Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies acrylic elastomer companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the acrylic elastomer companies profiled in this report include-
- BASF
- DuPont
- The Dow Chemical Company
- Zeon
- NOK
- Trelleborg
- DER-GOM
- Denka Company
- Chengdu Dowhon Industry
- Kuraray
Acrylic Elastomer Market Insights
Lucintel forecasts that polyacrylates will remain the largest segment over the forecast period due to softness, toughness, elasticity, transparency, and resistance to heat, oils, weather, and ozone in automotive applications.
Within this market, automotive will remain the largest segment due to its vital role in resistant components, such as seals and hoses, ensuring durability.
APAC will remain the largest region over the forecast period due to automotive and aerospace industries in the region are experiencing rapid growth and advancement.
Features of the Global Acrylic Elastomer Market
Market Size Estimates: Acrylic elastomer market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Acrylic elastomer market size by type, molding technology, end use industry, and region in terms of value ($B).
Regional Analysis: Acrylic elastomer market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different type, molding technology, end use industry, and regions for the acrylic elastomer market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the acrylic elastomer market.
Analysis of competitive intensity of the industry based on Porter's Five Forces model.
FAQ
Q1. What is the acrylic elastomer market size?
Answer: The global acrylic elastomer market is expected to reach an estimated $1.5 billion by 2030.
Q2. What is the growth forecast for acrylic elastomer market?
Answer: The global acrylic elastomer market is expected to grow with a CAGR of 7.6% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the acrylic elastomer market?
Answer: The major drivers for this market are growing popularity of electric vehicles and rising usage of acrylic elastomers in turbocharged engines.
Q4. What are the major segments for acrylic elastomer market?
Answer: The future of the acrylic elastomer market looks promising with opportunities in the automotive, aerospace, industrial, construction, paints & coatings, adhesives & sealants, textile, and plastic markets.
Q5. Who are the key acrylic elastomer market companies?
Answer: Some of the key acrylic elastomer companies are as follows.
- BASF
- DuPont
- The Dow Chemical Company
- Zeon
- NOK
- Trelleborg
- DER-GOM
- Denka Company
- Chengdu Dowhon Industry
- Kuraray
Q6. Which acrylic elastomer market segment will be the largest in future?
Answer: Lucintel forecasts that polyacrylates will remain the largest segment over the forecast period due to softness, toughness, elasticity, transparency, and resistance to heat, oils, weather, and ozone in automotive applications.
Q7. In acrylic elastomer market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period due to automotive and aerospace industries in the region are experiencing rapid growth and advancement.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
- Q.1. What are some of the most promising, high-growth opportunities for the acrylic elastomer market by type (polyacrylates and ethylene acrylates), molding technology (compression molding, injection molding, transfer molding, and others), end use industry (automotive, aerospace, industrial, construction, paints & coatings, adhesives & sealants, textile, plastic, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
- Q.2. Which segments will grow at a faster pace and why?
- Q.3. Which region will grow at a faster pace and why?
- Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
- Q.5. What are the business risks and competitive threats in this market?
- Q.6. What are the emerging trends in this market and the reasons behind them?
- Q.7. What are some of the changing demands of customers in the market?
- Q.8. What are the new developments in the market? Which companies are leading these developments?
- Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
- Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
- Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
