Acrylic elastomer is a general term for a type of synthetic rubber whose main component is acrylic acid alkylester (ethyl or butyl ester). Acrylic elastomer has characteristics of heat and oil resistance. Since it does not have a double bond, acrylic rubber also boasts of good weatherability and ozone resistance.
Market Analysis and Insights: Global Acrylic Elastomer Market
Due to the COVID-19 pandemic, the global Acrylic Elastomer market size is estimated to be worth US$ million in 2023 and is forecast to a readjusted size of US$ million by 2030 with a CAGR of % during the forecast period 2023-2030. Fully considering the economic change by this health crisis, ACM accounting for % of the Acrylic Elastomer global market in 2022, is projected to value US$ million by 2030, growing at a revised % CAGR from 2023 to 2030. While Automotive segment is altered to an % CAGR throughout this forecast period.
The APAC region is expected to lead the acrylic elastomers market during the forecast period. The growth of the APAC acrylic elastomers market can be attributed to the rising demand for lightweight and high-powered automobiles, which incorporates acrylic elastomer components in engines. Established manufacturers of automobiles are focused on expanding their production capacities in the APAC region.
Global Acrylic Elastomer Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market?s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2018 to 2030. This section mentions the volume of production by region from 2018 to 2030. Pricing analysis is included in the report according to each type from the year 2018 to 2030, manufacturer from 2018 to 2023, region from 2018 to 2023, and global price from 2018 to 2030.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert?s opinions have been taken to understand the market better.
Global Acrylic Elastomer Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2018 to 2030. by Application segment also provides consumption during the forecast period of 2018 to 2030. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
ACM
AEM
Segment by Application
Automotive
Construction
Industrial
Others
By Company
DowDuPont
Zeon
NOK
BASF
Trelleborg
Kuraray
Der-Gom SRL
Changzhou Haiba
Chengdu Dowhon Industrial
Denka Company
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
