PUBLISHER: Lucintel | PRODUCT CODE: 1417898
PUBLISHER: Lucintel | PRODUCT CODE: 1417898
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 $1.5 billion by 2030 with a CAGR of 7.6% from 2024 to 2030. The major drivers for this market are growing popularity of electric vehicles and rising usage of acrylic elastomers in turbocharged engines.
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Acrylic Elastomer by Segment
The study includes a forecast for the global acrylic elastomer by type, molding technology, end use industry, and region.
List of Acrylic Elastomer Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies acrylic elastomer companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the acrylic elastomer companies profiled in this report include-
Acrylic Elastomer Market Insights
Lucintel forecasts that polyacrylates will remain the largest segment over the forecast period due to softness, toughness, elasticity, transparency, and resistance to heat, oils, weather, and ozone in automotive applications.
Within this market, automotive will remain the largest segment due to its vital role in resistant components, such as seals and hoses, ensuring durability.
APAC will remain the largest region over the forecast period due to automotive and aerospace industries in the region are experiencing rapid growth and advancement.
Features of the Global Acrylic Elastomer Market
Market Size Estimates: Acrylic elastomer market size estimation in terms of value ($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.
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.