Acrylic rubber Market Forecast Report, 2024- 2031      

Acrylic rubber Market (Product: High Acrylonitrile Content (HNBR), Low Acrylonitrile Content (LNBR), and Hydrogenated Acrylonitrile Butadiene Rubber (H-NBR); Application:  Automotive, Construction, Electrical & Electronics, Medical And Others)

According to a new report published by Ultra Market Research Market Insights, titled, “Acrylic rubber Market Insights, Trends, Opportunity & Forecast, 2024–2031,” the global acrylic rubber market size is anticipated to at a witness single digit growth during forecast period i.e. 2024-2031. Asia-Pacific collectively accounted for large share of market, due to increasing automotive industry in the region. 

Rubber consumption has increased as a result of industrialization in a variety of industries for diverse purposes. Rubber demand is increasing as the global population grows. The majority of artificial rubber is used in the automotive industry. Infrastructure and development activities are increasing as the population grows. Electronic equipment and sealants in numerous industries are also on the rise in other industries.
According to sources, the Ethyl Acrylate segment for significant portion of market share during 2023. Rubber is becoming more popular in a variety of applications, including coatings, textiles, seals & gaskets, adhesives, plastics, engine oils and lubricants, pipelines, and others. Ethyl acrylate rubbers are increasingly preferred over other forms of rubber due to their superior qualities, such as strong heat, oxygen, and ozone resistance.
The global acrylic rubber market is segmented into sources, grades, fabrication process, application, end user and region. Based on sources, the market is bifurcated into Methoxyethyl Acrylate (MEA), Butyl Acrylate (BA), Ethyl Acrylate (EA), and Ethoxy Ethyl Acrylate (EEA). Grades are categorized into Extrusion Grades, Injection Moulding Grades, High-Temperature Resistance Grades and Crumb Form. Based on fabrication process it is further categorized into Transfer Moulding, Compression Moulding, Injection Molding and Others. Based on application, it consists of Plastics, Textiles, Seals & Gaskets, Coating, Adhesives Engine Oils and Lubricants, Piping and Others. On the basis of end users, it is categorized into Automotive Industry, Electrical and Electronics, Chemical Industry, Aerospace, Manufacturing, Oil and Gas, Textile industry, Marine Industry and Others.

Impact of COVID-19
Global acrylic rubber has been negatively impacted by the outbreak of COVID-19 pandemic. The rubber market is now being impacted by the COVID-19 epidemic, which has caused most industrial operations to be temporarily halted. Demand and the supply chain have been disrupted as a result, limiting growth in 2020

REPORT PREVIEW
Acrylic rubber, also known as acrylonitrile butadiene rubber (NBR), is a synthetic rubber material that is commonly used in various industrial applications due to its excellent resistance to oil, fuel, and chemicals. The global acrylic rubber market has been growing in recent years due to increasing demand from end-use industries such as automotive, construction, and electrical and electronics. The automotive industry is a major consumer of acrylic rubber, as it is used in various automotive components such as seals, gaskets, hoses, and belts. The construction industry uses acrylic rubber in various applications, including flooring and roofing, due to its durability and resistance to extreme weather conditions. The electrical and electronics industry uses acrylic rubber in various applications, including electrical cable jackets, insulation, and seals due to its excellent electrical insulating properties.
 

Increasing demand from the automotive industry
The automotive industry is the largest consumer of acrylic rubber, as it is widely used in various automotive components such as seals, gaskets, hoses, and belts. The increasing demand for fuel-efficient vehicles and the growing automotive industry are driving the demand for acrylic rubber. The use of acrylic rubber in the automotive industry helps to reduce weight, improve fuel efficiency, and provide better performance.
 

Growing construction industry   
The construction industry is another major consumer of acrylic rubber, as it is used in various applications, including flooring and roofing. The durability and resistance of acrylic rubber to extreme weather conditions make it an ideal material for use in the construction industry. The growing construction industry is expected to drive the demand for acrylic rubber, as the demand for flooring and roofing materials is increasing.
 

Growing electrical and electronics industry
The electrical and electronics industry is another significant consumer of acrylic rubber, as it is used in various applications, including electrical cable jackets, insulation, and seals. The excellent electrical insulating properties of acrylic rubber make it an ideal material for use in the electrical and electronics industry. The increasing demand for electronic devices and the growing electrical and electronics industry are expected to drive the demand for acrylic rubber.
 

Substitute for natural rubber
Acrylic rubber is increasingly being used as a substitute for natural rubber in various applications due to its excellent resistance to heat, oil, and chemicals. Natural rubber is sensitive to these factors, making it an unreliable material in certain industrial applications. The use of acrylic rubber as a substitute for natural rubber is expected to drive the demand for acrylic rubber.
 

Favorable government policies
Governments in several countries are implementing favorable policies to encourage the growth of the manufacturing sector. This includes tax incentives, subsidies, and funding for research and development. These policies are expected to drive the demand for acrylic rubber in these countries, as the manufacturing sector grows. In addition, the increasing focus on sustainability and the environment is expected to drive the demand for acrylic rubber, as it is a more environmentally friendly alternative to other materials.
 

Consultant point of view  

According to analysts, the Acrylic rubber  market is projected to grow at a CAGR of 8% during the forecast period of 2021-2031, crossing US$1.8 billion by 2031. The global acrylic rubber market presents several opportunities for growth. The increasing demand for fuel-efficient vehicles and the growing automotive and construction industries are expected to drive the demand for acrylic rubber. Additionally, the growing electrical and electronics industry is expected to increase the demand for acrylic rubber due to its excellent electrical insulating properties. The use of acrylic rubber as a substitute for natural rubber is also expected to drive the demand for acrylic rubber. Furthermore, favorable government policies to encourage the growth of the manufacturing sector are expected to drive the demand for acrylic rubber in various regions. These opportunities are expected to contribute to the continued growth of the global acrylic rubber market in the coming years.

Acrylic rubber  Market: Overview

• The global market for acrylic rubber is a rapidly growing industry with a promising future. This type of rubber is in high demand due to its unique properties, including its versatility and durability, as well as its resistance to heat, oil, and chemicals. The automotive and construction industries are among the largest consumers of acrylic rubber, using it for various applications such as seals, gaskets, hoses, belts, flooring, and roofing. The excellent electrical insulation properties of acrylic rubber also make it a popular choice in the electrical and electronics industry
• As a substitute for natural rubber, acrylic rubber is becoming increasingly popular due to its reliability and sustainability. Natural rubber is sensitive to heat, oil, and chemicals, making it an unreliable material in certain industrial applications. The use of acrylic rubber as a substitute for natural rubber is expected to drive the demand for acrylic rubber in the future. Additionally, favorable government policies in several countries are encouraging the growth of the manufacturing sector, which is expected to drive the demand for acrylic rubber in these regions.
• The future of the global acrylic rubber market looks promising, as the demand for fuel-efficient vehicles and the growing automotive and construction industries are expected to drive the demand for acrylic rubber. Additionally, the growing electrical and electronics industry is expected to increase the demand for acrylic rubber due to its excellent electrical insulating properties. With a focus on sustainability and the environment, the use of acrylic rubber as a more environmentally friendly alternative is expected to grow in popularity. These factors are expected to contribute to the continued growth of the global acrylic rubber market in the coming years

Acrylic rubber: Market Drivers 
The global Acrylic rubber market is driven by several factors such as:

• The rise in cross-industry alliances and collaborations
• The growing importance of Acrylic rubber and its applications
  Examples of such collaborations and partnerships include:
• Bolder Industries, Inc., a provider of circular solutions for the rubber, plastics, and petrochemical industries, announced on November 3, 2022, that it had entered into partnerships with Antea Group, Cyclops, and OSQB. Through these partnerships, Bolder established its first European facility at the NextGen District in Antwerp, Belgium, which helped to secure the company's plans for commercial operations to commence in 2024. As a result, the volume of Bolder's sustainable products, such as BolderBlack and BolderOil, will significantly increase and become more accessible to customers in Europe and beyond.
• On March 29, 2021, Trinseo and BASF made an announcement regarding their intention to expand their businesses by producing styrene based on circular feedstock. This collaboration between the two companies aimed to enhance their efforts in developing and managing styrene with an improved environmental profile. This announcement showcased the commitment of both companies towards sustainability.

Therefore, the growth of global Acrylic rubber market is driven by the increase in cross-industry collaborations and partnerships

Market Segmentation: Acrylic rubber  Market     
The global Acrylic rubber  market is segmented by application, and product.
By application, the market is classified into automotive, construction, electrical & electronics, medical and others
By product, the market is split into high acrylonitrile content (HNBR), low acrylonitrile content (LNBR), and hydrogenated acrylonitrile butadiene rubber (H-NBR)
Each of these segments have been analyzed in detail for market trends, recent trends, and developments, drivers, restraints, opportunities, and useful insights. The Acrylic rubber  market report provides current and expected revenue (US$ Mn) for each of these segments from 2021 to 2031, considering 2020 as the base year. The compound annual growth rate (percentage CAGR) has been provided for each segment and market from 2021 to 2031 along with market size estimations

Regional Overview: Acrylic rubber Market

The global Acrylic rubber  market is segmented by region, including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, which have been further divided into major countries and sub-regions

The global acrylic rubber market is analyzed across North America (U.S. & Canada), Latin America (Brazil, Mexico, and the Rest of Latin America) and Middle East & Africa (GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), Asia Pacific (China, India, Japan, South Korea, Indonesia, Thailand, Australia, New Zealand, and rest of Asia Pacific), Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and rest of Europe), North Africa, South Africa, and rest of Middle East & Africa). Because of the increased demand for acrylic rubber in numerous end-use sectors for sealing and packaging applications, North America and Europe are likely to contribute considerably to the growth of the acrylic rubber market.
Asia-Pacific accounted for largest market share in the acrylic rubber market. In Asia-Pacific, the offering growth opportunity of 1.3x during forecast period. The country's prosperity has been ascribed to its FDI policy, which has favoured China's automobile industry and enticed many well-known global brands to invest in it. The sales of heavy-duty trucks and commercial vehicles in the APAC area have been boosted by factors such as economic expansion and ongoing high levels of infrastructure spending. As a result, the acrylic rubber market in the Asia Pacific area has benefited. The rubber sector is currently being impacted by the COVID-19 pandemic, with most industrial operations being temporarily halted. As a result, demand and the supply chain have been impacted, limiting growth in the year 2020.    

The Asia-Pacific region is the largest market for acrylic rubber, with China, India, and Japan being the largest producers and consumers. The region is expected to continue to dominate the market due to the presence of a large number of end-use industries and favorable government policies for the growth of the manufacturing sector
The report provides the current and expected market revenue (US$ Mn) of these regional markets and their major countries from 2021 to 2031, with their CAGRs from 2021 to 2031
The study also offers a list of recommendations, highlights, and useful insights of the global Acrylic rubber  market, which can help new companies entering the market and existing companies to increase market shares and in the decision-making process

Major Players    

The Acrylic rubber  market report concludes with the company profiles section, which includes key information about major players in the global Acrylic rubber  market
Leading players analyzed in the report include
 

• LANXESS AG
• Sinopec Corp.
• Zeon Corp.
• Dow Chemical Company
• LG Chem Ltd.
• KUMHO PETROCHEMICAL CO. LTD.
• Kumho Mitsui Chemicals, Inc.
• JSR Corporation
• PolyOne Corporation
• Evonik Industries AG
• AkzoNobel NV
• Asahi Kasei Corp.
• Tosoh Corp.
• Sumitomo Rubber Industries, Ltd.
• TSRC Corporation
• Celanese Corporation
• Huntsman Corporation
• Arlanxeo N.V.
• The Goodyear Tire & Rubber Company
• Nippon Zeon Co., Ltd.
  The Acrylic rubber  market report includes profiles of the major players in the market based on key parameters such as company overview, financial overview, business strategies, application portfolio, business segments, and recent developments

Acrylic rubber  Market – Segmentation      

UMR's study on the Acrylic rubber  market includes information segmented into three categories: product, applications, and region. The report covers in-depth analysis of evolving industry trends and key market dynamics related to these segments of the global Acrylic rubber  market    

 Key Insights of acrylic rubber Market
On the basis of sources type, the Ethyl Acrylate segment will be major contributor to the growth of market.
On the basis of end user, the automotive industry segment captured highest share of the acrylic rubber market in 2019.
On the basis of region, Asia Pacific accounted for largest regional market the overall market in 2019.
On the basis of region, North America and Europe is predicted to observe swift growth rate during the forecast period.  
 

Some of the major acrylic rubber companies profiled in the report include Ames Rubber Manufacturing, DuPont, Elder Rubber Company, GBSA, CANADA SILICONE INC., Hi-Tech Polymers, Kivi Markings, Specialty Tapes Manufacturing, REDCO, Plexipave, Rubber Mill, Apcotex Industries Ltd., Anabond Limted, Tiger Rubber Company, Harboro Rubber, Sreeji Trading Company, ZORGE, Hanna Rubber Company, Synthos SA, Devcon, Fostek Corporation, INEOS Nitriles Company, Vanderbit Chemicals LLC, PAR Group, and Jet Rubber Company.