The report "Acrylic Elastomers Market by Type (Acrylic Co-monomer Elastomer/ACM & Ethylene Acrylic Elastomers/AEM), End-Use Industry (Automotive, Construction, Industrial), and Region (North America, APAC, Europe, and Rest of the World) - Global Forecast to 2022", The acrylic elastomers market is projected to grow from USD 648.2 million in 2017 to USD 983.9 million by 2022, at a CAGR of 8.7% during the forecast period. The growth of the acrylic elastomers market can be attributed to the rising demand for automobiles across the globe. Acrylic elastomers are used in the development of industrial seals, gaskets, and molded goods.

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Browse 72 market data Tables and 37 Figures spread through 108 Pages and in-depth TOC on "Acrylic Elastomers Market"

Based on type, the acrylic elastomers market has been segmented into Acrylic Co-monomer Elastomer (ACM) and Ethylene Acrylic Elastomer (AEM). The ACM segment accounted for a larger share of the acrylic elastomers market in 2017 as compared to the AEM segment. This large share can be attributed to the increasing demand for ACM in the APAC region.

Based on end-use industry, the acrylic elastomers market has been segmented into automotive, construction, industrial, and others. The automotive end-use industry segment accounted for the largest share of the acrylic elastomers market in 2017. The increasing use of acrylic elastomers to develop under-the-hood automotive components is projected to drive the demand for acrylic elastomers from the automotive industry. Additionally, increase in automobile production worldwide is influencing the growth of the automotive end-use industry segment of the acrylic elastomers market.

Based on region, the acrylic elastomers market has been segmented into APAC, North America, Europe, and RoW. The APAC region is expected to lead the acrylic elastomers market during the forecast period. The growth of the APAC acrylic elastomers market can be attributed to the rising demand for lightweight and high-powered automobiles, which incorporates acrylic elastomer components in engines. Established manufacturers of automobiles are focused on expanding their production capacities in the APAC region.

Key players operating in the acrylic elastomers market include BASF SE (Germany), DowDuPont (US), Zeon Corporation (Japan), NOK Corporation (Japan), and Trelleborg AB (Sweden).

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