Market Overview:
The global acrylic thermoplastic 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 thermoplastic elastomers from various end-use industries such as aerospace, automobile, electrical instrument, and rubber seal. Asia Pacific is expected to be the fastest-growing region during the forecast period owing to the growing demand for acrylic thermoplastic elastomers from countries such as China and India.
Product Definition:
Acrylic thermoplastic elastomer is a type of synthetic rubber that is used in a variety of applications, including automotive parts, hoses and tubing. It has high tensile strength and good resistance to oils, solvents and weathering.
Methyl Acrylate:
Methyl acrylate is a chemical compound derived from acrylic acid. It has the formula CH2OCH2CO2H. The colorless liquid is soluble in ethyl ether, acetone, water and ethanol. However, it is insoluble in diethyl ether and hexane because of the presence of an unbalanced hydrogen ion (acid) concentration that results in the precipitation of solid crystals or needles respectively.
Ethyl Acrylate:
Ethyl acrylate is a chemical compound derived from acrylic acid. It is primarily used in the production of acrylic thermoplastic elastomers (APE). Ethyl acrylate also acts as an intermediate during the manufacturing process of methyl methacrylate (MMA), styrene, and butadiene.
Application Insights:
Aerospace was the largest application segment in 2017 and is expected to continue its dominance over the forecast period. The product has a wide range of applications in aerospace, including thermal insulation, noise reduction and heat barrier coating. It is also used for manufacturing thrust reversers, air intake ducts and engine nacelles. Increasing aircraft production coupled with rising passenger traffic across various regions is anticipated to drive demand for the product over the forecast period.
Automobile was another prominent segment accounting for a share of 15% in 2017 owing to increasing use of thermoplastic elastomer as an alternative to rubber components due largely to its high temperature resistance along with excellent mechanical properties such as flexibility & strength ratio that makes it suitable for automotive industry applications such as window seals & weather stripping, bumper guides & mounts, door gaskets & seals among others.
Regional Analysis:
Asia Pacific dominated the global market in 2017. The region is expected to witness a CAGR of XX% over the forecast period, owing to rapid industrialization and increasing foreign investments coupled with favorable government regulations for manufacturing and trade. China is projected to be one of the major countries driving regional growth through its massive production base along with India, Indonesia, Malaysia, Thailand and Vietnam among other countries are also contributing significantly towards product demand in APAC due to their rapidly growing economies coupled with expanding end-use industries such as automotive & transportation; aerospace & defense; electrical & electronics; medical equipment & devices manufacturing sector across various applications.
The Europe acrylic thermoplastic elastomer (ATPE) market was valued at USD X million in 2017 owing high consumption volume of sealants used for rubber components manufacture especially automotive tires along with other consumer goods including household appliances such as refrigerators.
Growth Factors:
- Increasing demand for automobiles and transportation: The global automotive market is expected to grow at a CAGR of 4.5% from 2016 to 2020, reaching a value of US.4 trillion by 2020. This is due to the increasing demand for automobiles and transportation, especially in developing countries such as China and India.
- Rising disposable income: The rise in disposable income has led to an increase in consumer spending on goods such as cars, appliances, housing, etc., which is driving the growth of the acrylic thermoplastic elastomer market.
- Growing urbanization: Urbanization leads to an increase in the number of consumers who have access to goods and services that were once unavailable or unaffordable to them due to their location or socioeconomic status; this is driving the growth of many markets including that for acrylic thermoplastic elastomers..
Scope Of The Report
Report Attributes
Report Details
Report Title
Acrylic Thermoplastic Elastomer Market Research Report
By Type
Methyl Acrylate, Ethyl Acrylate
By Application
Aerospace, Automobile, Electrical Instrument, Rubber Seal
By Companies
Solvay, BASF, M, Daikin Industries, Arkema, DowDuPont, Saint-Gobain
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
142
Number of Tables & Figures
100
Customization Available
Yes, the report can be customized as per your need.
Global Acrylic Thermoplastic Elastomer Market Report Segments:
The global Acrylic Thermoplastic Elastomer market is segmented on the basis of:
Types
Methyl Acrylate, Ethyl Acrylate
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
Aerospace, Automobile, Electrical Instrument, Rubber Seal
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:
- Solvay
- BASF
- M
- Daikin Industries
- Arkema
- DowDuPont
- Saint-Gobain
Highlights of The Acrylic Thermoplastic 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:
- Methyl Acrylate
- Ethyl Acrylate
- By Application:
- Aerospace
- Automobile
- Electrical Instrument
- Rubber Seal
- 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 Thermoplastic 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 thermoplastic elastomer is a type of plastic that is made from acrylic and thermoplastic polymers. It has a soft, rubbery feel and can be molded into many shapes. Acrylic TPE is often used in products that need to be flexible, such as phone cases and toys.
Some of the major companies in the acrylic thermoplastic elastomer market are Solvay, BASF, M, Daikin Industries, Arkema, DowDuPont, Saint-Gobain.
The acrylic thermoplastic 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 Thermoplastic 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 Thermoplastic Elastomer Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Acrylic Thermoplastic 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 Thermoplastic 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 Thermoplastic Elastomer Market Size & Forecast, 2020-2028 4.5.1 Acrylic Thermoplastic Elastomer Market Size and Y-o-Y Growth 4.5.2 Acrylic Thermoplastic 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 Methyl Acrylate
5.2.2 Ethyl Acrylate
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 Aerospace
6.2.2 Automobile
6.2.3 Electrical Instrument
6.2.4 Rubber Seal
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Acrylic Thermoplastic 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 Thermoplastic 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 Methyl Acrylate
9.6.2 Ethyl Acrylate
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 Aerospace
9.10.2 Automobile
9.10.3 Electrical Instrument
9.10.4 Rubber Seal
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 Methyl Acrylate
10.6.2 Ethyl Acrylate
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 Aerospace
10.10.2 Automobile
10.10.3 Electrical Instrument
10.10.4 Rubber Seal
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 Methyl Acrylate
11.6.2 Ethyl Acrylate
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 Aerospace
11.10.2 Automobile
11.10.3 Electrical Instrument
11.10.4 Rubber Seal
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 Methyl Acrylate
12.6.2 Ethyl Acrylate
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 Aerospace
12.10.2 Automobile
12.10.3 Electrical Instrument
12.10.4 Rubber Seal
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 Methyl Acrylate
13.6.2 Ethyl Acrylate
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 Aerospace
13.10.2 Automobile
13.10.3 Electrical Instrument
13.10.4 Rubber Seal
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 Thermoplastic Elastomer Market: Competitive Dashboard
14.2 Global Acrylic Thermoplastic Elastomer Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Solvay
14.3.2 BASF
14.3.3 M
14.3.4 Daikin Industries
14.3.5 Arkema
14.3.6 DowDuPont
14.3.7 Saint-Gobain