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Future of the Acrylic Rubber Market: Trends, Innovations, and Key Forecasts Through 2034
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.Acrylic Rubber Market Size Growth Forecast: What to Expect by 2025?
The acrylic rubber industry has experienced significant expansion in the past few years. The market is projected to rise from $1.63 billion in 2024 to $1.76 billion in 2025, reflecting a compound annual growth rate (CAGR) of 8.1%. The growth observed in the historic period can be linked to its use in the automotive and construction sectors, compliance with environmental regulations, applications in electronics, electricals, and the healthcare industry.
How Will the Acrylic Rubber Market Size Evolve and Grow by 2029?
The market size of acrylic rubber is projected to witness significant expansion in the forthcoming years, reaching "$2.41 billion in 2029 with a compound annual growth rate (CAGR) of 8.1%. This growth during the projection period can be linked to worldwide industrial advancement, integration into energy-saving systems, expansion of the consumer goods market, growth in the aerospace and aviation fields, and an increase in demand for healthcare equipment. Key trends during this projected period comprise growing demand for top-tier materials, growth in the automobile industry, environmental regulations, the burgeoning construction sector, and the use in electronics and electrical implementations.
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What Drivers Are Propelling the Growth of Acrylic Rubber Market Forward?
The uptick in motor vehicle manufacturing is anticipated to fuel the expansion of the acrylic rubber market. Vehicles of all sorts, including cars, trucks, motorcycles, and other motorized forms of transport primarily purposed for road travel, are being churned out in increasing numbers, thereby prompting the growth of this market. The automotive manufacturing process entails the removal of raw materials and construction of parts that make up these vehicles. Acrylic rubber products have found widespread usage in the automotive sector, particularly in the fabrication of parts such as transmission components, bearing seals, and O-rings, all thanks to their resistance to heat and oil. Consequently, the surge in vehicle production is augmenting sales figures of acrylic rubber products. As per data revealed by the European Automobile Manufacturers Association, a Belgium-based organization, in May 2023, the previous year witnessed the production of 85.4 million motor vehicles globally, marking a year-on-year increase of 5.7%. Hence, the upswing in vehicle production is proving beneficial for the growth of the acrylic rubber market.
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Which Emerging Trends Are Transforming the Acrylic Rubber Market in 2025?
A significant trend gaining traction in the acrylic rubber market is product innovation. To maintain their market stance, major companies in the acrylic rubber market are launching inventive products. For example, BASF SE, a chemical manufacturing company based in Germany, unveiled a bio-based acrylic monomer, 2-Octyl Acrylate (2-OA), in September 2023. OA is created using 2-Octanol, a bio-based feedstock coming from castor oil, presenting a renewable and eco-friendly substitute to fossil-based resources. According to the ISO 16620 standard, BASF's 2-OA has been verified as having 73% 14C-traceable bio-based content.
What Are the Key Segments in the Acrylic Rubber Market?
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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Who Are the Key Players Shaping the Acrylic Rubber Market's Competitive Landscape?
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
What Geographic Markets Are Powering Growth in the Acrylic Rubber Market?
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
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