Acrylic Elastomers Market Forecast and Outlook (2024-2031)


Posted September 3, 2024 by anithayadav

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 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

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Elastomeric Membrane Market
Elastomer Coated Fabrics Market
Elastomeric Sealants Market

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Tags acrylic elastomers market , acrylic elastomers market forecast , acrylic elastomers market outlook
Last Updated September 3, 2024