Acrylic elastomers is a type of synthetic rubber. These elastomers
are acrylic acid based polymers with acrylic acid alkyl ester as the primary
component. Major characteristics of Acrylic elastomers include heat resistance
and oil resistance. It can endure a temperature of 170?–180? under dry heat or
in oil. Acrylic elastomers also possesses good weather ability and ozone
resistance. Emulsion and suspension polymerization are the two methods used in
the manufacture of elastomers. Initially Acrylic elastomers were homopolymers,
either ethyl acrylate or methyl acrylate. These were primarily used for
vulcanized applications. Acrylic elastomers is largely used for oil seals and
packaging related to automobiles.
Acrylic Elastomers Market: Segmentation Overview
In terms
of type, the acrylic
elastomers market can be primarily bifurcated into acrylic co-monomer
elastomer (ACM) and Ethylene Acrylic Elastomers (AEM). ACM is the major segment
of the market. It is also the fastest growing segment of the acrylic elastomers
market. Low cost vis-à-vis AEM and high demand in Asia Pacific is boosting the
acrylic elastomers market. Based on end-use industry, the acrylic elastomers
market can be divided into automotive, construction, industrial, and others.
The automotive segment accounted for major share of the acrylic elastomers
market in 2017. Increase in usage of Acrylic elastomers to manufacture
under-the-hood automotive rubber components, such as O-rings, seals, gaskets,
and hoses, is expected to fuel the Acrylic elastomers market during the
forecast period.
Acrylic Elastomers Market: Overview
Advanced
properties of Acrylic elastomers vis-à-vis the conventional elastomers and
increase in usage of acrylic elastomers in turbocharged engines are the major
factors boosting the Acrylic Elastomers market. Acrylic elastomers possess high
thermal stability, chemical resistance, and tensile strength; low shrinkage;
and greater design flexibility. Therefore, they are preferred in various
end-use industries. High prices of AEM are prompting OEMs to opt for
thermoplastics. This is a key challenge facing the acrylic elastomers market.
Significant investment in the automotive industry in Asia Pacific and Latin
America is offering lucrative opportunities to the acrylic elastomers market.
Rise in demand for electric vehicles in China is a major factor restraining the
acrylic elastomers market in Asia Pacific. High cost of raw materials and
increase in cost of production are likely to adversely affect the global
acrylic elastomers market in the near future.
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Acrylic Elastomers Market: Regional Outlook
Based on
region, the Acrylic Elastomers market can be segmented into North America,
Latin America, Asia Pacific, Europe, and Middle East & Africa. Asia Pacific
is a rapidly growing region of the Acrylic Elastomers market in terms of value
and volume, led by the increase in production of automobiles in countries such
as India, China, and Indonesia. Rise in usage of acrylic elastomers to
manufacture under-the-hood automotive components is expected to drive the
acrylic elastomers market in Asia Pacific during the forecast period. North
America is also a key region of the acrylic elastomers market. Growth in the
automobile industry and expansion in application of paints and coatings in the
region are propelling the demand for acrylic elastomers. The market in the U.S.
and Mexico has been expanding owing to the increase in application of acrylic
elastomers in the countries. The market in Europe has been expanding
substantially owing to the presence of major players in the region.
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Acrylic Elastomers Market: Key Players
Key
players operating in the global acrylic elastomers market are BASF SE,
DowDuPont, The Dow Chemical Company, Zeon Corporation, NOK CORPORATION,
Trelleborg AB, DER-GOM, Denka Company Limited, CHENGDU DOWHON INDUSTRY CO.,
LTD, and Kuraray Co., Ltd.
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