What is The Current and Forecasted Market Size for The Global Acrylic Rubber Market?
The acrylic rubber market size has witnessed strong growth over recent years, expanding from $1.63 billion in 2024 to a projected $1.76 billion in 2025, representing a compound annual growth rate (CAGR) of 8.1%. The growth in this period can be attributed to numerous factors including adoption in the automotive and construction sectors, increased use in electronics and electrical applications, as well as wider applications in the healthcare industry.
The market size is expected to continue its robust growth, forecasted to reach $2.41 billion by 2029, at a CAGR of 8.1%. The growth in this period is expected to be driven by global industrial growth, increased adoption in energy-efficient systems, growth in the consumer goods market, expanding aerospace and aviation sectors, as well as growing demand in healthcare equipment. Major growth trends within the forecast period include the rising demand for high-performance materials, automotive industry growth, environmental regulations, expansion in the construction sector, and wider electronics and electrical applications.
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What are the Key Factors Driving The Growth of The Acrylic Rubber Market?
The surge in automobile production is anticipated to propel the acrylic rubber market growth. Automotives, encompassing cars, trucks, motorcycles, and other vehicles, remain central to the acrylic rubber industry given their ubiquitous use in components such as transmissions, bearing seals, and O-rings thanks to their heat- and oil-resistant properties. Consequently, increasing automobile production is expected to boost the sales of acrylic rubber products. For instance, the European Automobile Manufacturers Association reported in May 2023 that the global production of motor vehicles increased by 5.7% compared to 2021, totaling 85.4 million vehicles. As a result, the continuing rise in automobile production will fuel the growth of the acrylic rubber market.
What are the Main Segments in The Acrylic Rubber Market?
The acrylic rubber market covered in this report is segmented as follows –
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
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Which Companies are Leading The Way 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.
What are the Emerging Trends in The Acrylic Rubber Market?
Product innovations are becoming a key trend in the acrylic rubber market. Major companies are introducing innovative products to maintain their market position. For example, in September 2023, BASF SE, a Germany-based chemical manufacturer, launched 2-Octyl Acrylate (2-OA), a bio-based acrylic monomer. Produced using 2-Octanol, a bio-based feedstock derived from castor oil, 2-OA presents a sustainable alternative to fossil-based resources and is certified as 73% 14C-traceable bio-based content according to the ISO 16620 standard.
Which Region is Leading The Way in The Acrylic Rubber Market?
Asia-Pacific was the largest region in the acrylic rubber market in 2024. The regions covered in this report also include Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Acrylic Rubber Global Market Report 2025 Offer?
Acrylic rubber is synthetic rubber containing acrylonitrile and is prized for its excellent resistance to hot oil and oxidation. It is commonly used in applications requiring resistance to high temperatures, oil, and chemicals. The Acrylic Rubber Global Market Report 2025 from The Business Research Company offers a comprehensive analysis of global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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