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Acrylic Elastomers Market Share

Report ID: GMI8579
Published Date: Mar 2024
Report Format: PDF

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Acrylic Elastomers Market Share

Global Acrylic Elastomers Company Market Share, (2023)

The competitive landscape of the acrylic elastomers industry, featuring major players such as BASF SE, Zeon Corporation, NOK Corporation, Trelleborg AB, and DuPont reflects a moderately concentrated market with notable initiatives driving competition. While these companies contribute significantly to the industry's dynamics, there is still a degree of fragmentation with diverse product offerings and market shares.

Competitive approaches among these key players encompass a mix of pricing strategies, distribution network strength, and continuous product innovation. Pricing remains a crucial aspect, with companies strategically positioning their acrylic elastomers products to attract a broad customer base. Distribution channels play a vital role, particularly for global players like BASF SE, Zeon Corporation, and NOK Corporation leveraging extensive networks to ensure widespread availability of their products.

Major companies have undertaken key initiatives to stay competitive. For instance, In Feb 2020, Denka Corp., a Japanese rubber manufacturer, introduced a new grade of acrylic elastomer that is highly heat and grease resistant, making it ideal for automotive applications. The new Denka ER grade is designed for use in automotive hoses and gaskets and can withstand temperatures of up to 190° C.

Acrylic Elastomers Market Companies

Major companies operating in the acrylic elastomers industry include:

Arkema S.A.
BASF SE
Der-Gom SRL
DowDuPont Inc.
Denka Corp.
Hitachi Chemical Co.Ltd
Mitsubishi Chemical Holdings Corporation
Momentive Specialty Chemicals Inc.
Nippon Shokubai Co. Ltd.
NOK Corporation
Zeon Corporation

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of acrylic elastomers reached USD 1.16 billion in 2023 and is set to witness 8.3% CAGR from 2024 to 2032, due to their unique set of qualities, which include good heat and oil resistance, weatherability, and durability.

Acrylic Co-Monomer Elastomer segment was worth USD 720 million in 2023, because of their flexibility and adaptability, favoring usage in seals, gaskets, O-rings, hoses, and other important components in automotive and other sectors.

Asia Pacific market generated a revenue of USD 470 million in 2023, backed by the rapid urbanization, rising disposable incomes, and increased infrastructure development in countries such as China, India, and Southeast Asia.

Arkema S.A., BASF SE, Der-Gom SRL, DowDuPont Inc., Denka Corp., Hitachi Chemical Co. Ltd., Mitsubishi Chemical Holdings Corporation, Momentive Specialty Chemicals Inc., Nippon Shokubai Co. Ltd., NOK Corporation, and Zeon Corporation.