Acrylic Rubber Market By Source (Ethyl Acrylate, Butyl Acrylate, Methoxyethyl Acrylate, Ethoxy Ethyl Acrylate), By Fabrication Process (Compression Molding, Transfer Molding, Injection Molding, Others) By Application (Coating, Textiles, Seals and Gaskets, Adhesives, Plastics, Engine Oils and Lubricants, Piping, Others) : Global Opportunity Analysis and Industry Forecast, 2024-2033
The acrylic rubber market was valued at $1.2 billion in 2023, and is projected to reach $2.1 billion by 2033, growing at a CAGR of 6.1% from 2024 to 2033.
Acrylic rubber is a synthetic, high-performance elastomer that exhibits resistance to heat and various chemicals such as oils, fuels, and acids, making it suitable for use in a myriad of applications. It can sustain temperature up to 160°C for a short duration and can also withstand ozone and UV radiations, which makes it ideal for use in environments where high temperatures and exposure to oil are prevalent.
increase in sales of automobiles drives the demand for acrylic rubber, which is widely used in seals, gaskets, and hoses due to its excellent heat and oil resistance. According to the estimates of Statista, around 75.3 million automobiles were sold in 2023, up from around 67.3 million units in 2022. Furthermore, surge in demand for high-performance elastomers that can withstand extreme conditions in sectors such as oil & gas, chemical processing, and power generation significantly contributes toward the growth of the acrylic rubber market. Moreover, expansion of the industries such as construction and aerospace, which require high-performance materials, boosts the growth of the global market. This is attributed to the fact that acrylic rubber exhibits remarkable resistance against a wide range of environmental factors, including temperature fluctuations, moisture exposure, and chemical exposure, making it highly suitable for construction and aerospace applications. However, increasing environmental concerns due to production and disposal of acrylic rubber coupled with challenges associated with its recycling notably hamper the growth of the market. In addition, high production costs and availability of cheaper alternatives act as the key deterrent factors of the market. On the contrary, ongoing R&D efforts to enhance the properties of acrylic rubber, such as improving its resistance to extreme temperatures and harsh chemicals, are expanding its application scope, thus offering new avenues for the growth of the market.
The global acrylic rubber market is segmented into source, fabrication process, application, and region. By source, the market is divided into ethyl acrylate, butyl acrylate, methoxyethyl acrylate, and ethoxy ethyl acrylate. Depending on fabrication process, it is segregated into compression molding, transfer molding, injection molding, and others. As per application, it is categorized into coating, textiles, seals & gaskets, adhesives, plastics, engine oils & lubricants, piping, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key FindingsBy source, the ethyl acrylate segment dominated the market in 2023, and is expected to continue the same trend by 2033.
Depending on fabrication process, the compression molding segment is expected to lead the market throughout the forecast period.
As per application, the engine oils & lubricants segment is anticipated to exhibit highest growth in the coming years.
Region wise, Asia-Pacific is expected to dominate the market during the forecast period.
Competition AnalysisCompetitive analysis and profiles of the major players in the global acrylic rubber market include ZEON CORPORATION, DuPont, Hi Tech Polymers, GBSA, Inc., RubberMill, Inc., CSL Silicones Inc., ZORGE, Kivi Markings, Hanna Rubber Company, and Tiger Rubber Company. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships to strengthen their foothold in the global market.
Key Market SegmentsBy SourceEthyl Acrylate
Butyl Acrylate
Methoxyethyl Acrylate
Ethoxy Ethyl Acrylate
By Fabrication ProcessCompression Molding
Transfer Molding
Injection Molding
Others
By ApplicationCoating
Textiles
Seals and Gaskets
Adhesives
Plastics
Engine Oils and Lubricants
Piping
Others
By RegionNorth America
U.S.
Canada
Mexico
Europe
France
Germany
Italy
Spain
UK
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Rest of Asia-Pacific
LAMEA
Brazil
South Africa
Saudi Arabia
Rest of LAMEA
Key Market Players
ZEON CORPORATION
DuPont
Hi Tech Polymers
GBSA, Inc.
RubberMill, Inc.
CSL Silicones Inc.
ZORGE
Kivi Markings
Hanna Rubber Company
Tiger Rubber Company