Global Acrylic Rubber Market Forecast According To: Key Players, Revenue Size & Share, Complete Industry Analysis
Global Acrylic
Rubber Market: Overview
Acrylic rubber, also
known by its chemical name alkyl acrylate copolymer (ACM), is
classified is a synthetic rubber and is under specialty rubbers.
Synthetic rubber is largely used as a raw material in components that
make noise, are susceptible to shocks and require oil and heat
resistance.
Acrylic rubber are
unsaturated polar rubbers that display very good swelling resistance
in non-polar oils and also in oils that contain sulfur substances. As
they do not have unsaturated bonds, they have good oxygen, heat, and
ozone resistance. This specialty rubber is resistant to ozone and has
very low permeability to gases.
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Initially developed
for the footwear industry in 1970, the rubber industry has been
witnessing growth due to several other industries. Currently, the
automotive industry exhibits an excessive demand for specialty rubber
for the manufacture of automotive accessories. With the
ever-increasing growth of the automotive market, the demand for
synthetic rubber has been on the rise. Rubber parts that are used in
automotive account for only 5% of the complete weight of automotive
and are mainly used for automotive performance.
The report analyzes
the global acrylic rubber market in a ground-up manner, which
includes detailed insights into market indicators, technological
developments, geographical landscape and vendor landscape. The report
is compiled after an extensive research phase, which includes data
collection from trade journals, paid databases, white papers, and
presentations.
This publication is
a veritable collection of facts and factoids that offers a
quantitative and qualitative assessment of the current state of the
market and where it is headed.
Global Acrylic
Rubber Market: Trends and Opportunities
The booming
automotive industry that displays a substantial demand for acrylic
rubber is acting as the primary factor driving the global acrylic
rubber market. Acrylic rubber is predominantly used for automotive
seal and packaging to add strength to automotive parts. Due to the
damping properties of acrylic rubber, it is utilized in vibration
damping mounts. Acrylic rubber is also used in automotive
transmissions and hoses. Furthermore, the rising demand from end-use
industries such as consumer goods and plastics is also expected to
stimulate the growth of the acrylic rubber market.
However, the market
is expected to witness a decline due to some of the disadvantages of
acrylic rubber, which includes low resistance to moisture, acids, and
bases. These limitations restrict the use of acrylic rubber in some
applications, thereby hampering the demand for the product.
Global Acrylic
Rubber Market: Regional Outlook
North America, Asia
Pacific, Europe, and Rest of the World are the major regional
segments into which the global acrylic rubber market is divided. Asia
Pacific, particularly China is expected to contribute significantly
to the overall market due to the flourishing automotive industry in
the region. North America and Europe are also expected to contribute
significantly to the growth of the acrylic rubber market due to the
rising demand for acrylic rubber from several end-use industries for
sealing and packaging applications.
Global Acrylic
Rubber Market: Competitive Landscape
Some of the
companies that have a significant presence in the global acrylic
rubber market include Hi-Tech Polymers, Ames Rubber Manufacturing,
DuPont, Elder Rubber Company, GBSA, CANADA SILICONE INC., Kivi
Markings, Specialty Tapes Manufacturing, REDCO, Plexipave, Sreeji
Trading Company, Harboro Rubber, Rubber Mill, Apcotex Industries
Ltd., Anabond Limted, Tiger Rubber Company, ZORGE, Hanna Rubber
Company, Synthos SA, Vanderbit Chemicals LLC, Devcon, Fostek
Corporation, INEOS Nitriles Company, PAR Group, and Jet Rubber
Company.
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