Press release
Acrylic Rubber Market: Latest Trends,Analysis & Insights 2020
Rubbers are described as materials which show elastic properties. These materials generally are long chain molecules known as polymers. Therefore, a combination of polymers and elastic property leads to formation of elastomers that are also known as rubbers. Rubber industry had been mainly developed with footwear industry in the year 1970. Along with time rubber has been expericing increasing consumption in other industries. Currently usage of rubber in automotive industry has increased, the rubber industry has been growing with automotive accessories. In addition, importing tire technology for automotive induced tire exporting market. With the growth speed of the automotive market, the synthetic rubber market has been experiencing rapid change. The rubber parts used in the automotive is just 5% of the total weight of automotive but it is majorly used for automotive performance.
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Synthetic rubber is used on a large scale as a raw material in parts such as what makes noise, shocks and requires oil and heat resistance. Among the various types of special rubbers, Acrylic rubber has oil, heat and ozone resistance. Acrylic rubber is also known as alkyl acrylate copolymer (ACM) which is its chemical name. It is classified under specialty rubbers. Acrylic rubber is polar and it doesn’t hold unsaturation. This specialty rubber has very low permeability to gases. ACM is a saturated rubber and it is commercialized with different types of cure-site monomers.
Acrylic rubber is mainly used for automotive seal and packaging. It is used as an important property for automotive parts. The applications mainly concern the auto sector and oil drilling as, motor gaskets, O-rings, Valve cover gaskets, shaft seals, oil filter gaskets, spark plug boots and pipes among others. As this rubber has damping properties, it is used in vibration damping mounts. It also has applications in automotive transmissions and hoses.
The growing automotive industry leading to increasing demand for acrylic rubber is the major factor driving the global acrylic rubber industry. Rising demand from the end use industry such as plastic and consumer goods industry is also expected to boost demand for acrylic rubber market. The global acrylic rubber market is expected to experience decline in demand of acrylic rubber owing to the disadvantages such as its low resistance to acids, bases and moisture. This property of acrylic rubber thus leads to declining demand for acrylic rubber in some applications.
North America, Europe, Asia Pacific and Rest of the World (RoW) are the major segments for global acrylic rubber market. Asia Pacific, especially China is expected to fuel major growth of acrylic rubber market owing to the growing automotive industries in the region. Europe and North America are also expected to drive the growth of acrylic rubber market due to the rising demand from the end use industry for various applications such as sealing and packaging in the region.
Some of the key companies profiled for global acrylic rubber market include: Hi-Tech Polymers, Apcotex Industries Ltd, Ames Rubber manufacturing, Anabond Limited, DuPont, Tiger Rubber Company, Elder Rubber Company, ZORGE, GBSA, Hanna Rubber Company, CANADA SILICONE INC, Synthos SA, Kivi Markings, Vanderbit Chemicals LLC, Specialty Tapes Manufacturing, Devcon, REDCO, Fostek Corporation, Plexipave, INEOS Nitriles Company, Sreeji Trading Company, PAR Group, Harboro Rubber, Jet Rubber Company and Rubber Mill among others.
This research report analyzes this market on the basis of its market segments, major geographies, and current market trends.
Geographies analyzed under this research report include
North America
Asia Pacific
Europe
Rest of the World
This report provides comprehensive analysis of
Market growth drivers
Factors limiting market growth
Current market trends
Market structure
Market projections for upcoming years
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