The global polyacrylate rubber market is expected to register a staggering double-digit CAGR of 9.3% by garnering a market value of US$ 18.7 billion by the end of 2033. The growth of the market can be attributed to:
The development of new and improved grades of polyacrylate rubber, which offer better performance and durability, is expected to drive the growth of the market. For instance, the development of high-temperature-resistant polyacrylate rubber is expected to create new opportunities for the market in various end-use industries.
The growing industrialization and urbanization in emerging economies, such as China, India, and Brazil, among others, are expected to create new opportunities for the polyacrylate rubber market. The increasing demand for automobiles, buildings, and infrastructure in these countries is expected to drive the demand for polyacrylate rubber in the coming years.
| Data Points | Key Statistics |
|---|---|
| Expected Market Value (2023) | US$ 7.68 billion |
| Projected Market Value (2033) | US$ 18.7 billion |
| Growth Rate (2023 to 2033) | 9.3% CAGR |
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The market growth in North America is primarily driven by the increasing demand for polyacrylate rubber in various end-use industries, such as automotive, construction, and aerospace, among others. The United States is the largest market for polyacrylate rubber in North America, owing to the presence of a large autry and growing construction activities in the country.
The automotive industry is a major end-user of polyacrylate rubber in North America. The region is home to several leading automobile manufacturers, such as General Motors, Ford, and Chrysler, among others, which use polyacrylate rubber in various automotive components, such as seals, gaskets, hoses, and belts, among others. The growing demand for fuel-efficient, lightweight vehicles in the region is expected to drive the growth of the polyacrylate rubber market in the coming years.
In addition, the region is witnessing increasing investments in research and development activities to develop new and improved grades of polyacrylate rubber with better performance and durability. This is expected to drive the growth of the polyacrylate rubber market in North America in the coming years.
The future of the polyacrylate rubber market is expected to be positive, with growth potential in various industries such as automotive, construction, and healthcare. Polyacrylate rubber is a synthetic rubber that exhibits excellent chemical resistance, heat resistance, and elasticity. It is widely used in the manufacturing of gaskets, seals, and O-rings.
The increasing demand for polyacrylate rubber from the automotive industry is expected to drive the market's growth in the coming years. Polyacrylate rubber is used in the manufacturing of automotive components such as gaskets, seals, and hoses. With the growing demand for lightweight and fuel-efficient vehicles, the demand for polyacrylate rubber is likely to increase.
Overall, the polyacrylate rubber market is expected to grow at a significant rate in the coming years, driven by the increasing demand from various end-use industries. However, factors such as volatile raw material prices and environmental concerns associated with synthetic rubbers may somewhat hinder the market’s growth.
Polyacrylate Rubber, also otherwise known as Acrylic Rubbers (ACM), are unsaturated polar rubbers that have a strong resistance to oxygen, ozone, and high temperatures, as well as an excellent swelling resistance in mineral oils. However the material also exhibits a high water absorption rate and poor hydrolysis resistance.
Polyacrylate Rubber is in higher demand than ever before, thanks to rising automobile manufacturing and the necessity for long-lasting & high performance components. The demand for this material is projected to grow significantly due to the rising demand for reduced fuel consumption and increased combustion temperature in the engine compartment.
Principal Consultant
Rubber consumption has increased as a result of industrialization in a variety of sectors for diverse uses. Rubber consumption is skyrocketing as the world's urban population grows. The majority of artificial rubber is utilized in the automobile industry. Usage in electronic equipment and for components in numerous equipment & industries is also on the increase.
In the same way, Polyacrylate Rubber is also becoming more popular in a variety of applications, including coatings, textiles, seals & gaskets, adhesives, plastics, motor oils and lubricants, pipelines, and others. Among them, Ethyl acrylate rubbers are increasingly preferred over other types of this rubber due to their better qualities, such as strong heat, oxygen, and ozone resistance.
Some of the other reasons boosting demand for Polyacrylate Rubber in the global market include increased automobile production and a growing preference for components with good performance in extreme working conditions.
Furthermore, increased demand from end-use sectors such as consumer products and plastics is likely to propel the market forward.
The global Polyacrylate Rubber market is primarily driven by the rising automotive industry and increasing vehicle demand due to the changing lifestyle. This acrylic rubber is primarily utilized in the automobile industry to lend strength to seals and packaging. The growing need for oil-resistant materials has also led to the introduction of these rubbers in vehicle seals.
Furthermore, the desire for low-fuel consumption is increasing, and the growing temperature in the engine compartment helps to increase the demand of the rubber in the automotive industry owing to its excellent high temperature operational performance. This rubber formulation is also used in vibration damping mounts because of its damping qualities.
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The North America region (USA and Canada) is estimated to be one of the major markets for Polyacrylate Rubber owing to the higher demand of the material from sealing and packaging applications in a variety of end-use industries.
Owing to its numerous applications in textiles, adhesives, and coatings, market for Polyacrylate Rubber is projected to offer significant opportunities in the USA due to the high growth of industries such as automotive, textiles and paints and coatings.
Increased purchases of heavy-duty trucks and commercial vehicles in the APAC region have been boosted by factors such as economic expansion and ongoing high levels of infrastructure expenditures. As a result, the market in the Asia Pacific area has benefited from the strong demand from automotive component manufacturers.
Because of the region's thriving automotive sector, Asia Pacific, particularly China, is also likely to contribute considerably to the total market. Other key markets for this rubber in the region include Japan, South Korea, India and the ASEAN countries.
Some of the leading manufacturers and suppliers include
To achieve technical advancements in the product formulation, market players are employing a variety of strategies and investing heavily in R&D. However, the rubber market is now being impacted by the COVID-19 epidemic, which has caused most industrial operations to be temporarily halted.
As a result, demand and the supply chain have been impacted, limiting growth in the year 2020. However recovery in the automotive sector starting in the first half of 2021 is expected to provide steady opportunities for the key players.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Polyacrylate Rubber Market
