Acrylic Based Elastomers Market - Global Industry Analysis and Forecast 2023 by DuPont (U.S.), BASF SE (Germany), Dow Chemical Company (U.S.), H.B. Fuller (U.S.), Eastman Chemical Company (U.S.), ExxonMobil Corporation (U.S.), ARKEMA (France)

Regional Analysis:

Asia Pacific is the largest market globally for Acrylic Based Elastomers. As of 2016, the region occupied majority global market shares both in terms of value and volume. This is due to large automotive base, growing construction projects, and economic development in this region. Moreover, China is the major contributor in this region followed by India, owing to the largest automobile manufacturing base. Also, growing construction activities across the region will have positive impact on regional demand of Acrylic Based Elastomers. North America emerged as second largest market for Acrylic Based Elastomers. Growth in automobile industry along with emerging paints and coatings applications in this region have upraised demand for acrylic based elastomers. U.S. and Mexico collectively drives North American market owing to increasing application of acrylic elastomers. Europe stands third in Global Acrylic Based Elastomers Market. European market growth highly credible to presence of major market players such as BASE SE and Arkema S.A. in this region.

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Segmentation:

The Global Acrylic Based Elastomers Market is majorly segmented on the basis of form, end use and region. Market segmentation based on forms of acrylic elastomers includes polyacrylates and ethylene acrylate. Based on end use market has been segmented into automotive, paint and coatings, construction, industrial, textile, plastic composite, adhesives & sealants, paper & paperboard and other.

Geographically, global market has been segmented into North America, APAC, Europe, Latin America, and Middle East & Africa.

Synopsis of Acrylic Based Elastomers Market:

Acrylic Elastomers are the Acrylic Acid Based Polymers, generally referred to as plastics. This term is majorly used for a type of synthetic rubber whose main component is Acrylic Acid Alkyl Ester. Moreover, these elastomers possess characteristics of heat and oil resistance. Emulsion and suspension polymerization are the two methods used for the preparation of elastomers. The first acrylic elastomers were homopolymers either ethyl acrylate or methyl acrylate, because these had limited utility, particularly for vulcanized applications. Various copolymer modifications were developed to improve performance, and there evolved division of monomers into two types including backbone monomers and cure site monomers.

Global Acrylic Based Elastomers Market has experienced positive growth over the past few years, and it is predicted to grow significantly through the forecasted period. Acrylic based elastomers find its application in automotive, paint and coatings, construction, industrial, textile, plastic composite, adhesives & sealants, paper & paperboard and other. Wherein, automotive industry has left its mark with higher consumption of Acrylic Based Elastomers while driving global demand. Acrylic Elastomers possess high thermal stability, higher chemical resistant and tensile strength, low shrinkage and greater design flexibility. Owing to the above mentioned properties, acrylic based elastomers are highly preferred in end use industries and are considered as major market drivers in global market. Furthermore, increasing coatings and paints application of these elastomers have raised the demand significantly. On the flip side, high cost of raw material along with rising cost of production will have a serious effect on the global growth of Acrylic Based Elastomers Market.

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