Report Summary
Acrylic Elastomers Market Overview
Acrylic elastomers market size is forecast to reach US$1.3 billion by 2027, after growing at a CAGR of 8.4% during 2022-2027. This is due to their use in automotive applications on account of the rising need for high-performance and lightweight materials in vehicle production. Elastomers are elastic materials that recover to almost their original shape after the complete release of the applied force. Acrylic elastomers, also called alkyl acrylate copolymers, are synthetic rubbers with a glass transition temperature well below room temperature. The two main types of acrylic-based elastomers are polyacrylates (ACM) and ethylene acrylates (AEM). The latter is a terpolymer of acrylate, ethylene and some other monomers whereas ACM elastomers are composed mainly of acrylates such as ethyl acrylate and butyl acrylate. Acrylic elastomers have good resistance to mineral oils, transmission fluids, oxygen, ozone, ultraviolet radiation and can withstand higher temperatures. The rising popularity of electric vehicles and increasing usage of acrylic elastomers in turbocharged engines drive the acrylic elastomers market during the forecast period.
COVID-19 Impact
Currently, due to the COVID-19 pandemic, the core industries such as the aerospace, and the construction industry are highly impacted. The aerospace industry was the first to feel the heat. With cases rising rapidly, it was of utmost importance to try and control the spread of the virus. So, stringent measures such as travel bans, border closures, and lockdowns were in place. Passenger traffic slumped due toGlobal and regional air travel restrictions. Civil aviation came to a standstill in many countries as people were not allowed to travel in the initial stages of the pandemic. Certain countries like India until today do not have scheduled international flights. Airlines canceled orders for new aircraft, for instance, OEMs Airbus and Boeing reduced production forecasts up to 50%. Demand for spare parts also decreased since less maintenance is currently required with the majority of the flights still being grounded. This also led to layoffs as airlines are struggling to stay afloat. According to figures from the International Civil Aviation Organization (ICAO), the number of passengers flown in 2020 decreased by 2.699 billion compared to 2019, which is approximately about 60% less. This led to a loss of US$371 billion in airline revenue. Hence, the aerospace industry took the biggest hit. This has also, in turn, impacted the market for acrylic elastomers to an extent in 2020.
Report Coverage
The report: ?Acrylic Elastomers Market ? Forecast (2022-2027)?, covers an in-depth analysis of the following segments of the Acrylic Elastomers Market.
By Type: Polyacrylates and Ethylene Acrylates.
By Molding Technology: Compression Molding, Injection Molding, Transfer Molding and Others.
By End-Use Industry: Automotive (Hoses, Gaskets, Seals, O-rings, Torsional Dampers and Others, Aerospace (O-Rings, Gaskets, Seals, Grommets and Others), Industrial (Machinery, Seals, Diaphragms, Seals and Others), Constructional (Anti-Vibration Mounts, Couplings and Others), Paints and Coatings (Water-Borne Coatings and Solvent-Borne Coatings), Adhesives and Sealants, Textile, Plastic, and Others.
By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), Rest of the World (Middle East, and Africa).
Key Takeaways
Asia-Pacific dominates the Acrylic Elastomers market, owing to the growing automotive industry in the region. According to Invest India, the automobile industry is expected to reach $300 billion by 2026.
Acrylic elastomer is a general term for a type of synthetic rubber whose primary component is acrylic acid alkyl ester. So, they are also known as Alkyl acrylate copolymers.
Acrylic elastomers are widely used in the automobile industry in various components such as seals, hoses, O rings, diaphragms, vibration mounts, etc.
The major opportunity for this market is high research spending and the synthesis of products that are also cost-effective. Acrylic Elastomers Market Segment Analysis ? By Type
Polyacrylates held the largest share of more than 60% in the Acrylic Elastomers market in 2021. Polyacrylates (ACM) are an important class of polymers that are soft, tough, and rubbery. Their glass transition temperature is well below room temperature. They are known for their high transparency, good impact toughness, and elasticity, and have fairly good heat resistance up to ca. 450 K under dry heat. They also have good weatherability and ozone resistance since they do not have double bonds in the backbone. Polyacrylic elastomers are widely used in the automotive industry when excellent resistance to transmission and hydraulic fluids and many other common automotive lubricants is required. ACM elastomers are primarily used where combined resistance to heat and oils is required. They are often a good alternative to more expensive heat-resistant elastomers such as fluorocarbon polymers silicones and fluoro silicones for elevated temperature applications. Based on all these merits, Polyacrylates are set to dominate the acrylic elastomers market.
Acrylic Elastomers Market Segment Analysis ? By Molding Technology
The compression molding segment held the largest share in the Acrylic Elastomers market in 2021 and is expected to grow at a CAGR of 8.1% during the forecast period. Compression molding is the oldest and simplest way to make a rubber product and it is often the most economical method of manufacture. It finds application for prototypes and low and medium-volume production. Compression molding works by combining heat and pressure to mold rubber into a shape. The rubber is shaped using a heated mold tool and the clamping pressure of a press. Chemical changes to the rubber, known as the curing or vulcanization process, occur before cooling and the extraction of the final part. This process produces high-volume, dimensionally precise, high-strength, temperature-resistant parts with good surface quality. The advantages of using compression molding are short setup time, the least amount of waste, and tooling is simpler and more cost-effective than injection molding. Hence, compression molding is set to dominate the market during the forecast period.
Acrylic Elastomers Market Segment Analysis ? By End-Use Industry
The automotive segment held the largest share in the Acrylic Elastomers market in 2021 and is growing at a CAGR of 9.3% during 2022-2027. This is because acrylic elastomers have good heat, oxygen, and ozone resistance. Typical applications of ACM elastomers include automotive transmission components like seals and hoses that have to be resistant to hot oil, fuel, and many other common automotive lubricants and hydraulic fluids. ACM elastomers have also found use in vibration damping due to their excellent resilience. Typical applications of AEM elastomers include automotive transmission/power steering seals and O-rings that have to be resistant to transmission fluids and many other common automotive lubricants and hydraulic fluids. Other applications include diaphragms, plumbing seals, boots, hoses, vibration mounts, pads, isolators, and custom molded rubber goods and parts. According to the Japan Automobile Dealers Association, domestic automobiles accounted for 89% of Japan?s total car sales in 2020. After the impact of COVID-19, the automobile industry is on the path to recovery. According to the data firm TrueCar, the price of the average vehicle sold in December 2020 rose 5.3%, or $1,950, compared to 2019. Hence, with the automotive industry on a recovery track, the market for acrylic elastomers is also expected to grow.
Acrylic Elastomers Market Segment Analysis ? By Geography
The Asia-Pacific region held the largest share in the Acrylic Elastomers market in 2021 up to 41%, owing to the accelerating automotive and aerospace industries in the region. Acrylic elastomers are used in various automotive and aerospace applications such as O-rings, gaskets, seals, hoses and various other components. For India, the auto sector is highly crucial as it contributes 49% to the manufacturing Gross Domestic Product (GDP) and 7.5% to the overall GDP. As per the data of The Federation of Automobile Dealers Associations (FADA), vehicle registration in October 2020 stood at 14,13,549, which increased to 18,27,990 in November 2020. The Indian automotive sector is a US$118 billion industry according to Invest India. With the gradual increase in demand and the economy trying to pace its growth back, the automotive sector is expected to bounce back. According to statistics released by the Taiwan Insurance Institute, sales of new vehicles increased to 457,000 in 2020 from 439,000 in the previous year. Imported vehicles saw a rising share of Taiwan's auto market. China's vehicle sales rose for a ninth straight month on an annual basis in December as the country continued to lead a recovery in theGlobal automobile industry from the COVID-19 pandemic. According to data from the China Association of Automobile Manufacturers (CAAM), vehicle sales rose 6.4% in December from a year earlier to reach 2.83 million vehicles. Hence, with the automotive industry in the APAC region back on track, the market for acrylic elastomers is set to grow in this region.
Acrylic Elastomers Market Drivers
Increasing Popularity of Electric Vehicles
The automotive sector is facing high demands for lighter parts and materials, better recyclability, and elimination of halogens, leading to growing calls for switching from vulcanized rubber to synthetic rubber. The Swiss company Huber + Suhner AG uses V
Table of content
Table of Contents
1. Acrylic Elastomers Market- Market Overview
1.1 Definitions and Scope
2. Acrylic Elastomers Market - Executive Summary
2.1 Key Trends by Type
2.2 Key Trends by Molding Technology
2.3 Key Trends by End Use Industry
2.4 Key Trends by Geography
3. Acrylic Elastomers Market ? Comparative analysis
3.1 Market Share Analysis- Major Companies
3.2 Product Benchmarking- Major Companies
3.3 Top 5 Financials Analysis
3.4 Patent Analysis- Major Companies
3.5 Pricing Analysis (ASPs will be provided)
4. Acrylic Elastomers Market - Startup companies Scenario Premium io Premium
4.1 Major startup company analysis:
4.1.1 Investment
4.1.2 Revenue
4.1.3 Product portfolio
4.1.4 Venture Capital and Funding Scenario
5. Acrylic Elastomers Market ? Industry Market Entry Scenario Premium io Premium
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing Business Index
5.3 Successful Venture Profiles
5.4 Customer Analysis ? Major companies
6. Acrylic Elastomers Market - Market Forces
6.1 Market Drivers
6.2 Market Constraints
6.3 Porters Five Force Model
6.3.1 Bargaining Power of Suppliers
6.3.2 Bargaining Powers of Buyers
6.3.3 Threat of New Entrants
6.3.4 Competitive Rivalry
6.3.5 Threat of Substitutes
7. Acrylic Elastomers Market ? Strategic Analysis
7.1 Value/Supply Chain Analysis
7.2 Opportunity Analysis
7.3 Product/Market Life Cycle
7.4 Distributor Analysis ? Major Companies
8. Acrylic Elastomers Market ? By Type (Market Size -$Million/Billion)
8.1 Polyacrylates
8.2 Ethylene Acrylates
9. Acrylic Elastomers Market ? By Molding Technology (Market Size -$Million/Billion)
9.1 Compression Molding
9.2 Injection Molding
9.3 Transfer Molding
9.4 Others
10. Acrylic Elastomers Market ? By End Use Industry (Market Size -$Million/Billion)
10.1 Automotive
10.1.1 Hoses
10.1.2 Gaskets
10.1.3 Seals
10.1.4 O-Rings
10.1.5 Torsional Dampers
10.1.6 Others
10.2 Aerospace
10.2.1 O-rings
10.2.2 Gaskets
10.2.3 Seals
10.2.4 Grommets
10.2.5 Others
10.3 Industrial
10.3.1 Machinery
10.3.2 Seals
10.3.3 Diaphragms
10.3.4 Others
10.4 Construction
10.4.1 Anti-Vibration Mounts
10.4.2 Couplings
10.4.3 Others
10.5 Paints & Coatings
10.5.1 Water Borne Coatings
10.5.2 Solvent Borne Coatings
10.6 Adhesives & Sealants
10.7 Textile
10.8 Plastic
10.9 Others
11. Acrylic Elastomers Market - By Geography (Market Size -$Million/Billion)
11.1 North America
11.1.1 USA
11.1.2 Canada
11.1.3 Mexico
11.2 Europe
11.2.1 UK
11.2.2 Germany
11.2.3 France
11.2.4 Italy
11.2.5 Netherlands
11.2.6 Spain
11.2.7 Russia
11.2.8 Belgium
11.2.9 Rest of Europe
11.3 Asia-Pacific
11.3.1 China
11.3.2 Japan
11.3.3 India
11.3.4 South Korea
11.3.5 Australia and New Zeeland
11.3.6 Indonesia
11.3.7 Taiwan
11.3.8 Malaysia
11.3.9 Rest of APAC
11.4 South America
11.4.1 Brazil
11.4.2 Argentina
11.4.3 Colombia
11.4.4 Chile
11.4.5 Rest of South America
11.5 Rest of the World
11.5.1 Middle East
11.5.1.1 Saudi Arabia
11.5.1.2 UAE
11.5.1.3 Israel
11.5.1.4 Rest of the Middle East
11.5.2 Africa
11.5.2.1 South Africa
11.5.2.2 Nigeria
11.5.2.3 Rest of Africa
12. Acrylic Elastomers Market ? Entropy
12.1 New Product Launches
12.2 M&As, Collaborations, JVs and Partnerships
13. Acrylic Elastomers Market ? Industry/Segment Competition Analysis Premium
13.1 Company Benchmarking Matrix ? Major Companies
13.2 Market Share atGlobal Level - Major companies
13.3 Market Share by Key Region - Major companies
13.4 Market Share by Key Country - Major companies
13.5 Market Share by Key Application - Major companies
13.6 Market Share by Key Product Type/Product category - Major companies
14. Acrylic Elastomers Market ? Key Company List by Country Premium Premium
15. Acrylic Elastomers Market Company Analysis - Business Overview, Product Portfolio, Financials, and Developments
15.1 Company 1
15.2 Company 2
15.3 Company 3
15.4 Company 4
15.5 Company 5
15.6 Company 6
15.7 Company 7
15.8 Company 8
15.9 Company 9
15.10 Company 10 and more
"*Financials would be provided on a best effort basis for private companies"
LIST OF TABLES
1Global Acrylic Elastomers Market By Type Market 2019-2024 ($M)
1.1 Acrylic Co-Monomer Elastomers Market 2019-2024 ($M) -Global Industry Research
1.2 Ethylene Acrylic Elastomers Market 2019-2024 ($M) -Global Industry Research
2Global Acrylic Elastomers Market By End-Use Industry Market 2019-2024 ($M)
2.1 Automotive Market 2019-2024 ($M) -Global Industry Research
2.1.1 Hoses Market 2019-2024 ($M)
2.1.2 Gaskets Market 2019-2024 ($M)
2.1.3 Seals & O-Rings Market 2019-2024 ($M)
2.2 Construction Market 2019-2024 ($M) -Global Industry Research
2.2.1 Floor Coating Market 2019-2024 ($M)
2.3 Industrial Market 2019-2024 ($M) -Global Industry Research
2.3.1 Industrial Machinery Market 2019-2024 ($M)
3Global Acrylic Elastomers Market By Type Market 2019-2024 (Volume/Units)
3.1 Acrylic Co-Monomer Elastomers Market 2019-2024 (Volume/Units) -Global Industry Research
3.2 Ethylene Acrylic Elastomers Market 2019-2024 (Volume/Units) -Global Industry Research
4Global Acrylic Elastomers Market By End-Use Industry Market 2019-2024 (Volume/Units)
4.1 Automotive Market 2019-2024 (Volume/Units) -Global Industry Research
4.1.1 Hoses Market 2019-2024 (Volume/Units)
4.1.2 Gaskets Market 2019-2024 (Volume/Units)
4.1.3 Seals & O-Rings Market 2019-2024 (Volume/Units)
4.2 Construction Market 2019-2024 (Volume/Units) -Global Industry Research
4.2.1 Floor Coating Market 2019-2024 (Volume/Units)
4.3 Industrial Market 2019-2024 (Volume/Units) -Global Industry Research
4.3.1 Industrial Machinery Market 2019-2024 (Volume/Units)
5.North America Acrylic Elastomers Market By Type Market 2019-2024 ($M)
5.1 Acrylic Co-Monomer Elastomers Market 2019-2024 ($M) - Regional Industry Research
5.2 Ethylene Acrylic Elastomers Market 2019-2024 ($M) - Regional Industry Research
6.North America Acrylic Elastomers Market By End-Use Industry Market 2019-2024 ($M)
6.1 Automotive Market 2019-2024 ($M) - Regional Industry Research
6.1.1 Hoses Market 2019-2024 ($M)
6.1.2 Gaskets Market 2019-2024 ($M)
6.1.3 Seals & O-Rings Market 2019-2024 ($M)
6.2 Construction Market 2019-2024 ($M) - Regional Industry Research
6.2.1 Floor Coating Market 2019-2024 ($M)
6.3 Industrial Market 2019-2024 ($M) - Regional Industry Research
6.3.1 Industrial Machinery Market 2019-2024 ($M)
7.South America Acrylic Elastomers Market By Type Market 2019-2024 ($M)
7.1 Acrylic Co-Monomer Elastomers Market 2019-2024 ($M) - Regional Industry Research
7.2 Ethylene Acrylic Elastomers Market 2019-2024 ($M) - Regional Industry Research
8.South America Acrylic Elastomers Market By End-Use Industry Market 2019-2024 ($M)
8.1 Automotive Market 2019-2024 ($M) - Regional Industry Research
8.1.1 Hoses Market 2019-2024 ($M)
8.1.2 Gaskets Market 2019-2024 ($M)
8.1.3 Seals & O-Rings Market 2019-2024 ($M)
8.2 Construction Market 2019-2024 ($M) - Regional Industry Research
8.2.1 Floor Coating Market 2019-2024 ($M)
8.3 Industrial Market 2019-2024 ($M) - Regional Industry Research
8.3.1 Industrial Machinery Market 2019-2024 ($M)
9.Europe Acrylic Elastomers Market By Type Market 2019-2024 ($M)
9.1 Acrylic Co-Monomer Elastomers Market 2019-2024 ($M) - Regional Industry Research
9.2 Ethylene Acrylic Elastomers Market 2019-2024 ($M) - Regional Industry Research
10.Europe Acrylic Elastomers Market By End-Use Industry Market 2019-2024 ($M)
10.1 Automotive Market 2019-2024 ($M) - Regional Industry Research
10.1.1 Hoses Market 2019-2024 ($M)
10.1.2 Gaskets Market 2019-2024 ($M)
10.1.3 Seals & O-Rings Market 2019-2024 ($M)
10.2 Construction Market 2019-2024 ($M) - Regional Industry Research
10.2.1 Floor Coating Market 2019-2024 ($M)
10.3 Industrial Market 2019-2024 ($M) - Regional Industry Research
10.3.1 Industrial Machinery Market 2019-2024 ($M)
11.APAC Acrylic Elastomers Market By Type Market 2019-2024 ($M)
11.1 Acrylic Co-Monomer Elastomers Market 2019-2024 ($M) - Regional Industry Research
11.2 Ethylene Acrylic Elastomers Market 2019-2024 ($M) - Regional Industry Research
12.APAC Acrylic Elastomers Market By End-Use Industry Market 2019-2024 ($M)
12.1 Automotive Market 2019-2024 ($M) - Regional Industry Research
12.1.1 Hoses Market 2019-2024 ($M)
12.1.2 Gaskets Market 2019-2024 ($M)
12.1.3 Seals & O-Rings Market 2019-2024 ($M)
12.2 Construction Market 2019-2024 ($M) - Regional Industry Research
12.2.1 Floor Coating Market 2019-2024 ($M)
12.3 Industrial Market 2019-2024 ($M) - Regional Industry Research
12.3.1 Industrial Machinery Market 2019-2024 ($M)
13.MENA Acrylic Elastomers Market By Type Market 2019-2024 ($M)
13.1 Acrylic Co-Monomer Elastomers Market 2019-2024 ($M) - Regional Industry Research
13.2 Ethylene Acrylic Elastomers Market 2019-2024 ($M) - Regional Industry Research
14.MENA Acrylic Elastomers Market By End-Use Industry Market 2019-2024 ($M)
14.1 Automotive Market 2019-2024 ($M) - Regional Industry Research
14.1.1 Hoses Market 2019-2024 ($M)
14.1.2 Gaskets Market 2019-2024 ($M)
14.1.3 Seals & O-Rings Market 2019-2024 ($M)
14.2 Construction Market 2019-2024 ($M) - Regional Industry Research
14.2.1 Floor Coating Market 2019-2024 ($M)
14.3 Industrial Market 2019-2024 ($M) - Regional Industry Research
14.3.1 Industrial Machinery Market 2019-2024 ($M)
LIST OF FIGURES
1.US Acrylic Elastomers Market Revenue, 2019-2024 ($M)
2.Canada Acrylic Elastomers Market Revenue, 2019-2024 ($M)
3.Mexico Acrylic Elastomers Market Revenue, 2019-2024 ($M)
4.Brazil Acrylic Elastomers Market Revenue, 2019-2024 ($M)
5.Argentina Acrylic Elastomers Market Revenue, 2019-2024 ($M)
6.Peru Acrylic Elastomers Market Revenue, 2019-2024 ($M)
7.Colombia Acrylic Elastomers Market Revenue, 2019-2024 ($M)
8.Chile Acrylic Elastomers Market Revenue, 2019-2024 ($M)
9.Rest of South America Acrylic Elastomers Market Revenue, 2019-2024 ($M)
10.UK Acrylic Elastomers Market Revenue, 2019-2024 ($M)
11.Germany Acrylic Elastomers Market Revenue, 2019-2024 ($M)
12.France Acrylic Elastomers Market Revenue, 2019-2024 ($M)
13.Italy Acrylic Elastomers Market Revenue, 2019-2024 ($M)
14.Spain Acrylic Elastomers Market Revenue, 2019-2024 ($M)
15.Rest of Europe Acrylic Elastomers Market Revenue, 2019-2024 ($M)
16.China Acrylic Elastomers Market Revenue, 2019-2024 ($M)
17.India Acrylic Elastomers Market Revenue, 2019-2024 ($M)
18.Japan Acrylic Elastomers Market Revenue, 2019-2024 ($M)
19.South Korea Acrylic Elastomers Market Revenue, 2019-2024 ($M)
20.South Africa Acrylic Elastomers Market Revenue, 2019-2024 ($M)
21.North America Acrylic Elastomers By Application
22.South America Acrylic Elastomers By Application
23.Europe Acrylic Elastomers By Application
24.APAC Acrylic Elastomers By Application
25.MENA Acrylic Elastomers By Application
26.Dowdupont, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Zeon Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.NOK Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.BASF SE, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Trelleborg AB, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Der-Gom SRL, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Changzhou Haiba Ltd., Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Denka Company Limited, Sales /Revenue, 2015-2018 ($Mn/$Bn)
