Acrylic Elastomers Market Forecast and Outlook (2024-2031)

The global acrylic elastomers market reached US$ 949.14 million in 2022 and is expected to reach US$ 1,404.08 million by 2031, growing with a CAGR of 7.9% during the forecast period 2024-2031.

Acrylic elastomers are synthetic rubber-like materials primarily composed of acrylic monomers, such as ethyl acrylate or butyl acrylate. They are known for their excellent heat resistance, flexibility at low temperatures, chemical resistance, and good resistance to ozone, weathering, and UV radiation. These elastomers maintain their properties over a wide range of temperatures and harsh conditions, making them ideal for various applications, including automotive seals, gaskets, hoses, industrial machinery, and electrical components. Their ability to perform reliably in extreme environments has made them a preferred choice in industries that require durable and long-lasting materials.

Acrylic Elastomers Market Overview

The global acrylic elastomers market reached US$ 949.14 million in 2022 and is expected to reach US$ 1,404.08 million by 2031, growing with a CAGR of 7.9% during the forecast period 2024-2031.

Acrylic elastomers are primarily made from acrylic monomers and offer a unique combination of properties, including excellent heat resistance, flexibility at low temperatures, chemical resistance, and strong resistance to ozone and weathering. The global acrylic elastomers market has experienced significant growth, driven by rising demand from key end-use industries such as automotive, industrial machinery, oil and gas, and electrical and electronics.

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Acrylic Elastomers Market Dynamics

Environmental regulations and sustainability initiatives are key factors driving the adoption of acrylic elastomers across various industries. Acrylic elastomers are favored for their low environmental impact and compliance with strict environmental standards. As governments around the world place greater emphasis on sustainability and green practices, there is a growing preference for acrylic elastomers over traditional elastomers that may pose environmental risks.

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Acrylic Elastomers Market Is Segmented

By Type:  Acrylic Co-monomer Elastomer, Ethylene Acrylic Elastomers

By End-User:  Automotive, Construction, Industrial, Others

By Region:  North America, South America, Europe, Asia Pacific, Middle East, and Africa

Acrylic Elastomers Market Competitive Players

·         Arkema S.A.

·         BASF SE

·         Der-Gom SRL

·         DowDuPont Inc.

·         Hitachi Chemical Co., Ltd.

·         Mitsubishi Chemical Holdings Corporation

·         Momentive Specialty Chemicals Inc.

·         Nippon Shokubai Co. Ltd.

·         NOK Corporation

·         Zeon Corporation

Related Reports

Elastomeric Membrane Market

Elastomer Coated Fabrics Market

Elastomeric Sealants Market

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