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Acrylic Rubber Market Outlook Forecast 2025-2034: Analysing Major Trends, Opportunities, and Growth Drivers
Acrylic Rubber Market Outlook
The acrylic rubber market is anticipated to grow due to a rise in automobile manufacturing. Automobiles, such as cars, trucks, motorcycles, and other motor vehicles for road use, are products of automotive production. This production process involves the transformation of basic materials into motor vehicles and the components they require. Due to their resistance to heat and oil, acrylic rubber materials are widely utilized in the production of various car parts such as transmissions, bearing seals, and O-rings. Therefore, a surge in automobile production is contributing significantly to the demand for acrylic rubber commodities. As per the European Automobile Manufacturers Association, a Belgian association, global production of motor vehicles achieved a level of 85.4 million units in 2022, a 5.7% increase than the previous year. Hence, the rise in automobile production serves as a major catalyst for the expansion of the acrylic rubber market.
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What is the future CAGR of the acrylic rubber market, and how will it impact industry expansion?
In recent times, the acrylic rubber market has seen robust growth. The market, valued at $1.63 billion in 2024, is projected to reach $1.76 billion in 2025, reflecting a compound annual growth rate (CAGR) of 8.1%. Factors such as adoption in the automotive sector, usage in the construction industry, adherence to environmental guidelines, and applications in both the electronics and healthcare industry have contributed to the growth experienced in the historic period.
The market size for acrylic rubber is poised to experience robust expansion in the forthcoming years. It is projected to escalate to "$2.41 billion by 2029, with a compound annual growth rate of 8.1%. The increase envisaged during the forecast period is driven by global industrial advancement, incorporation in energy-saving systems, surge in consumer goods market, growth in aerospace and aviation sector, and higher demand in healthcare apparatus. The anticipatory trends for the predicted period comprise greater demand for superior performing materials, progression in the automotive sector, environmental legislations, extension in the construction industry, and applications in electronics and electrical sectors.
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What are the most significant trends transforming the acrylic rubber market today?
Product advancements stand out as a significant rising trend in the acrylic rubber market. Major market players are bringing new and innovative products to maintain their market standing. For example, BASF SE, a chemical manufacturing firm based in Germany, launched a bio-based acrylic monomer known as 2-Octyl Acrylate (2-OA) in September 2023. 2-OA is obtained from a bio-based feedstock, 2-Octanol, that's derived from castor oil, offering a sustainable and renewable substitute to fossil-based resources. BASF's 2-OA is recognized as having 73% 14C-traceable bio-based content as per the ISO 16620 standard.
Which key market segments comprise the acrylic rubber market and drive its revenue growth?
The acrylic rubber market covered in this report is segmented -
1) By Type: Active Chlorine Acrylate Rubber, Carboxyl Type Acrylate Rubber, Dienes Acrylate Rubber, Epoxy Acrylate Rubber
2) By Fabrication Process: Compression Molding, Transfer Molding, Injection Molding, Other Fabrication Process
3) By Application: Textiles, Adhesives, Gaskets, Coating, Plastics, Other Applications
4) By End Use: Automotive Industry, Chemical Industry, Electrical And Electronics, Oil And Gas, Aerospace, Manufacturing, Textile Industry, Marine Industry, Other End Users
Subsegments:
1) By Active Chlorine Acrylate Rubber: Liquid Formulations, Solid Formulations
2) By Carboxyl Type Acrylate Rubber: Thermoplastic Grades, Thermosetting Grades
3) By Dienes Acrylate Rubber: High Molecular Weight Types, Low Molecular Weight Types
4) By Epoxy Acrylate Rubber: UV Curable Types, Thermal Curable Types
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What regions are at the forefront of acrylic rubber market expansion?
Asia-Pacific was the largest region in the acrylic rubber market in 2024. The regions covered in the acrylic rubber market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Who are the leading players fueling growth in the acrylic rubber market?
Major companies operating in the acrylic rubber market include DuPont de Nemours Inc., PAR Group Ltd., Ames Rubber Manufacturing Co. Inc., Apcotex Industries Ltd., Anabond Limited, Hanna Rubber Company, ZEON Corporation, Nok Corporation, Fostek Corporation, Jet Rubber Company, Synthos SA, Vanderbilt Chemicals LLC, Canada Silicone Inc., Elder Rubber Company, Unimatec Chemicals, Changzhou Haiba, Suining Qinglong, Hi-Tech Polymers, Mitsubishi Chemical, Chongqing Jianfeng, Sumitomo Chemical, Kivi Markings, Sreeji Trading Company, Harboro Rubber, Tiger Rubber Company, Toyo Soda Manufacturing, Formosa Chemical & Fibre Corporation, Shin-Etsu Chemical Co. Ltd., Dow Chemical, Eastman Chemical Company
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What Is Covered In The Acrylic Rubber Global Market Report?
• Market Size Forecast: Examine the acrylic rubber market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the acrylic rubber market for a structured understanding.
• Key Players Overview: Analyze major players in the acrylic rubber market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the acrylic rubber market.
• Segment Contributions: Evaluate how different segments drive overall growth in the acrylic rubber market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the acrylic rubber market.
• Industry Challenges: Identify potential risks and obstacles affecting the acrylic rubber market.
• Competitive Landscape: Review strategic developments in the acrylic rubber market, including expansions, agreements, and new product launches.
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