What is Acrylic Rubber Market?
Acrylic Rubber is those type of rubber which has good resistance to the hot oil as well as oxidation. It is also known as chemical name alkyl acrylate copolymer or HyTemp. It is widely used in adhesives, beltings, gaskets, O-rings and shaft seals. Due to its damping properties of acrylic elastic, it is widely used for packaging and automotive seal in order to add quality to automotive parts. The continuous working temperature limit of acrylic rubber is 150°C, as well as sporadic limit, is 180°C.
Highlights from Acrylic Rubber Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Hi-Tech Polymers (India), Ames Rubber Manufacturing (United States), DuPont (United States), Elder Rubber Inc. (United States), Gbsa, Inc. (United States), C S L Silicones Inc. (Canada), Kivi Markings (India), Specialty Tapes LLC (United States), Redco, Inc. (United States), Plexipave (United States), Sreeji Trading Company (India), Fostek Corporation (United States) and INEOS Nitriles Company (United Kingdom) |
The acrylic rubber market is highly fragmented in nature with a large number of international as well as regional players such as Hi-Tech Polymers (India), Ames Rubber Manufacturing (United States), DuPont (United States), among others are operating in the acrylic rubber market Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Acrylic Rubber market throughout the forecasted period.
Hi-Tech Polymers (India), Ames Rubber Manufacturing (United States), DuPont (United States), Elder Rubber Inc. (United States), Gbsa, Inc. (United States), C S L Silicones Inc. (Canada), Kivi Markings (India), Specialty Tapes LLC (United States), Redco, Inc. (United States), Plexipave (United States), Sreeji Trading Company (India), Fostek Corporation (United States) and INEOS Nitriles Company (United Kingdom) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Harboro Rubber Co Ltd 9 (United Kingdom), Rubber Mill (India), Apcotex Industries Ltd. (India), PAR Group Ltd. (United Kingdom) and Jet Rubber Company (United States. Acrylic Rubber Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Automotive, Packaging Plastics, Consumer Goods and Other |
Type | Beltings, Gaskets, Shaft Seals, O-rings, Adhesives and Others |
Rubber | Dienes Acrylate Rubber,Carboxyl Type Acrylate Rubber,Active Chlorine Acrylate Rubber,Epoxy Acrylate Rubber |
On the basis of geography, the market of Acrylic Rubber has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
One of the latest trends of this market is Rising Demand from Automobile Industry
Market Growth Drivers:
Increased Use of Acrylic Rubber in Automobile Industry, Advanced Properties of Acrylic Rubber as Compared to Conventional Elastomers and Rising Applications of Acrylic Rubber in Various Industries
Challenges:
Problem-related to not able to show resistance and moisture to some of both Acids and Bases
Restraints:
Stringent Government Regulations related to the Production of Acrylic Rubber and Issue related to Volatile Raw Material Cost of Acrylic Rubber
Opportunities:
Rising Demand from Emerging Market Such as China, India, Brazil, among others
Key Target Audience
Manufacturers of Acrylic Rubber, Suppliers of Acrylic Rubber, Wholesalers, Distributors and Retailers of Acrylic Rubber, Research and Development (R&D) Companies, Research Organization, Federal Agencies and Others
Market Leaders & Development Strategies
In January 2023, Ames Rubber Corporation acquired Star Glo Industries, a manufacturer of high-precision rubber components and assemblies. This acquisition will significantly enhance Ames’s capabilities, allowing them to increase the production capacity of custom rubber-to-metal parts, manufacture metal components in-house, manage small batches of rubber materials, and ultimately, become a single source for rubber-to-metal supply.
In October 2018, the International campaign has launched for Cyrolite high-performance acrylic-based polymers, which is also used in use in agriculture and in the rubber and plastics industry. This Cyrolite product is manufactured by Evonik industries. Hence, it will affect the growth of the market in the future