Acrylic Rubber Market | Global Industry Report, 2027
The global acrylic rubber market size accounted for $xx Million in 2017. It is estimated to reach $xx Million with a CAGR of xx% over the forecast period. Acrylic rubber chemically is known as alkyl acrylate copolymer (ACM), classified as synthetic rubber. Synthetic rubber is widely used as raw material in machinery that is prone to shocks and are heat resistant and require oil and make noise. Acrylic rubbers are mostly used in transmissions of automotive and pipes with the adhesives, O-rings, shaft seals, gaskets and belts. Acrylic rubber has the damping property, used in the damping mounts.
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Growth in the production of automotives and increasing need for the products that have long life are the factors that drive the growth of global acrylic rubber market. Acrylic rubbers application in automotive seals is because of rising requirement for materials that are oil-resistant. Additionally, demand for consumption of low-fuel is increasing and rising temperature in a compartment of engine, contributes in the development of the acrylic rubber market, globally. Acrylic rubber affected by acids & bases and moisture, may hinder the growth of the global acrylic market in the coming years.
Based on the product, the global acrylic market is divided as gaskets, O-rings, beltings, adhesives, shaft seals and many more. On the basis of application, acrylic rubber industry is divided as packaging, automotive, consumer goods, plastics and many more. The automotive industry is in a way controlling the global acrylic rubber industry. Based on type, the market is divided into Epoxy Acrylate Rubber, Carboxyl type acrylate rubber, Dienes acrylate rubber, and active chlorine acrylate rubber.
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Recently, the automotive industry showed high demand for acrylic rubber for the production of accessories. As there is an increase in the growth of the automotive industry, value for acrylic rubber is on the rise. Parts of the rubber used in the automotive industry account for approximately 10% of the whole weight of automotive and are mostly used in the performance of the automotive.
Topographically, regions contributing in the development of global acrylic rubber market share are Europe (France, Italy, Russia, UK & Germany), South America (Columbia, Argentina & Brazil), Asia Pacific (Southeast Asia, India, Korea, China & Japan), North America (Mexico, Canada & USA) and Middle East & Africa (UAE, South Africa, Saudi Arabia, Egypt & Nigeria). Europe and North America are the regions that play a major role in the global acrylic rubber industry. The Asia Pacific is anticipated to develop the acrylic rubber market. The main reason for the growth of the acrylic rubber market in these regions is the automotive industry.
Key players involved in increasing the acrylic rubber market share across the globe are NOK, ZEON, Qinglong, Haiba, Jiujianshilong and many more. Jiujianshilong and Qinglong holds the largest shares in the global acrylic rubber industry.
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Key Segments in the “Global Acrylic Rubber Market” are-
By Product market is segmented into:
- Shaft seals
By Application market is segmented into:
- Consumer Goods
By Regions market is segmented into:
- South America
- Asia Pacific
- North America
- Middle East & Africa
What to expect from the Global Acrylic Rubber Market report?
– Predictions of future made for this market during the forecast period.
– Information on the current technologies, trends, devices, procedures, and products in the industry.
– Detailed analysis of the market segmentation, depending on the types, devices, and products.
– Government regulations and economic factors affecting the growth of the market.
– An insight into the leading manufacturers.
– Regional demographics of the market.
Who should buy this report?
– Venture capitalists, Investors, financial institutions, Analysts, Government organizations, regulatory authorities, policymakers ,researchers, strategy managers, and academic institutions looking for insights into the market to determine future strategies
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