The global acrylic elastomer market is projected to grow at a CAGR of 7.72% to reach US$1,150.421 million by 2024, from US$736.425 million in 2018. Acrylic elastomers are widely used in automotive applications such as seals and gaskets, automotive hoses and connectors, and etc. as they are resistant to ozone and weathering and are more superior to conventional elastomers. Advancement in technology and current automotive industry trends such as high-pressure turbo charging, exhaust gas recirculation is driving the acrylic elastomers market growth. The market is expected to grow at a steady pace over the forecast period owing to the growing automotive industry. However, high cost associated with these elastomers can restraint the market.
This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study has been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the acrylic elastomer value chain. The last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.
Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining faster and efficient understanding of the global acrylic elastomer market.
Major industry players profiled as part of the report are DowDuPont, ZEON CORPORATION, NOK CORPORATION, KURARAY CO., LTD., DER-GOM SRL, and Changzhou Haiba Ltd.
The global acrylic elastomer market has been analyzed through following segments:
Polyacrylate Rubbers (ACM)
Ethylene acrylate copolymer (AEM)
Automotive hoses and connectors
Seals, O-rings, and Gasket
Middle East and Africa