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Acrylic Elastomers Market Trends

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

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Acrylic Elastomers Market Trends

The acrylic elastomers industry is expanding rapidly due to its exceptional qualities such as good heat resistance, low-temperature flexibility, and resistance to oil and chemicals, which make them perfect for a variety of applications in the automotive, industrial, and construction industries. With the growing need for lightweight and fuel-efficient automobiles, acrylic elastomers are widely employed in automotive seals, gaskets, and hoses.

Furthermore, the increased emphasis on sustainability and environmental standards has encouraged the use of acrylic elastomers as alternatives to conventional elastomers due to their recyclability and low environmental effect. Furthermore, continuous improvements in polymer science and manufacturing technologies are likely to broaden the application spectrum of acrylic elastomers, fueling market expansion throughout the forecast period.

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.