Market Overview:
The global acrylic based elastomer market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for acrylic based elastomers from various end-use industries, such as automotive, construction, and industrial. In terms of volume, Asia Pacific is expected to lead the global market during the forecast period.
Product Definition:
An acrylic based elastomer is a synthetic rubber that is made from polymerizing monomers of acrylic acid. These elastomers are important because they have good resistance to weathering, ozone and UV radiation. They also have good electrical properties and can be used in applications where low smoke and flame propagation are important.
Ethylene Acrylates:
Ethylene acrylates is a group of chemicals, which are derived from acrylic acid. It has applications in paints & coatings, adhesives & sealants and plastic industries. The global ethylene acrylates market size was estimated to be worth USD 2.10 billion in 2016 and is expected to witness significant growth over the forecast period owing to its rising demand for manufacturing acrylic-based elastomers (ACE).
Polyacrylates:
Polyacrylates are polymerized acrylonitrile-butadiene-styrene copolymers. They have a molecular weight ranging from 3,000 to 300,000 and can be either thermoplastic or thermosetting depending on the processing conditions. Polyacrylate elastomers (PAEs) are crosslinked polymeric systems that offer high tear strength and tensile properties along with excellent resistance to abrasion & solvent.
Application Insights:
The global demand for the product has witnessed a paradigm shift due to rising applications in various end-use industries. The automotive segment is expected to emerge as the fastest growing application, registering a CAGR of XX% from 2018 to 2030 owing to its increasing use in interior trim and bumper components, along with other functional parts such as airbags, lighting systems and heat shields.
Acrylic based elastomers have excellent properties including flexibility & toughness that make them suitable for use in automotive interiors where durability & safety are crucial requirements. In addition, they also find utility as underbody insulation foams which help reduce overall vehicle weight while improving fuel efficiency through reduced drag coefficient resulting in lower fuel consumption during transportation or shipment of goods. These factors are anticipated to drive the demand over the forecast period thereby contributing toward sustainable development of this industry globally over next eight years or so.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is home to several emerging economies, including China, India, Indonesia and Malaysia. These countries are witnessing strong economic growth owing to increasing industrial activities as well as rapid development of infrastructure facilities in order to meet growing demand from a rapidly expanding population.
The automotive industry forms an important part of the regional economy with major manufacturers shifting their production bases in these countries due to favorable government policies promoting investments along with low operational costs associated with manufacturing vehicles within Asia Pacific region. This has resulted in high product demand across various application industries such as automotive and construction over the past few years on account of rising sales volume for passenger cars and commercial vehicles across key markets including China, India Japan South Korea Thailand Vietnam Indonesia Philippines Taiwan Australia etc., which is further anticipated to drive overall market growth over the next eight years or so.
Growth Factors:
- Increasing demand for acrylic based elastomers in automotive and construction industries due to its properties such as high thermal resistance, durability, and flexibility.
- Rising demand for medical adhesives and sealants owing to the increasing awareness about the benefits of using acrylic based elastomers in healthcare applications.
- Growing use of acrylic based elastomers in electrical insulation applications on account of their excellent dielectric properties.
- Increasing penetration of acrylic based elastomers in emerging markets due to the growing industrialization and urbanization rates in these regions.
Scope Of The Report
Report Attributes
Report Details
Report Title
Acrylic Based Elastomer Market Research Report
By Type
Ethylene Acrylates, Polyacrylates
By Application
Automotive, Construction, Industrial, Other
By Companies
DuPont, BASF, ExxonMobil, Eastman, Arkema, H.B. Fuller
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
150
Number of Tables & Figures
105
Customization Available
Yes, the report can be customized as per your need.
Global Acrylic Based Elastomer Market Report Segments:
The global Acrylic Based Elastomer market is segmented on the basis of:
Types
Ethylene Acrylates, Polyacrylates
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automotive, Construction, Industrial, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- DuPont
- BASF
- ExxonMobil
- Eastman
- Arkema
- H.B. Fuller
Highlights of The Acrylic Based Elastomer Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Ethylene Acrylates
- Polyacrylates
- By Application:
- Automotive
- Construction
- Industrial
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Acrylic Based Elastomer Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Acrylic based elastomer is a type of polymer that is made from acrylic acid and other monomers. Acrylic based elastomer has a high tensile strength and low tear resistance, making it ideal for applications such as medical devices, eyeglasses, and contact lenses.
Some of the key players operating in the acrylic based elastomer market are DuPont, BASF, ExxonMobil, Eastman, Arkema, H.B. Fuller.
The acrylic based elastomer market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Acrylic Based Elastomer Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Acrylic Based Elastomer Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Acrylic Based Elastomer Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Acrylic Based Elastomer Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Acrylic Based Elastomer Market Size & Forecast, 2020-2028
4.5.1 Acrylic Based Elastomer Market Size and Y-o-Y Growth
4.5.2 Acrylic Based Elastomer Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Ethylene Acrylates
5.2.2 Polyacrylates
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Automotive
6.2.2 Construction
6.2.3 Industrial
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Acrylic Based Elastomer Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Acrylic Based Elastomer Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Ethylene Acrylates
9.6.2 Polyacrylates
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Automotive
9.10.2 Construction
9.10.3 Industrial
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Ethylene Acrylates
10.6.2 Polyacrylates
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Automotive
10.10.2 Construction
10.10.3 Industrial
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Ethylene Acrylates
11.6.2 Polyacrylates
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Automotive
11.10.2 Construction
11.10.3 Industrial
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Ethylene Acrylates
12.6.2 Polyacrylates
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Automotive
12.10.2 Construction
12.10.3 Industrial
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Ethylene Acrylates
13.6.2 Polyacrylates
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Automotive
13.10.2 Construction
13.10.3 Industrial
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Acrylic Based Elastomer Market: Competitive Dashboard
14.2 Global Acrylic Based Elastomer Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 DuPont
14.3.2 BASF
14.3.3 ExxonMobil
14.3.4 Eastman
14.3.5 Arkema
14.3.6 H.B. Fuller
