Global Acrylic Rubber Market Drivers, Restraints, Potential Growth Opportunities, Product Size, Application Estimation, Vendor Competitive Landscape, Trends and Forecast 2018-2025
The global acrylic rubber market size accounted for $xx Million in 2017. It is estimated to reach $xx Million with a CAGR of xx% over the forecast period. Acrylic rubber chemically is known as alkyl acrylate copolymer (ACM), classified as synthetic rubber. Synthetic rubber is widely used as raw material in machinery that is prone to shocks and are heat resistant and require oil and make noise. Acrylic rubbers are mostly used in transmissions of automotive and pipes with the adhesives, O-rings, shaft seals, gaskets and belts. Acrylic rubber has the damping property, used in the damping mounts.
Growth in the production of automotives and increasing need for the products that have long life are the factors that drive the growth of global acrylic rubber market. Acrylic rubbers application in automotive seals is because of rising requirement for materials that are oil-resistant. Additionally, demand for consumption of low-fuel is increasing and rising temperature in a compartment of engine, contributes in the development of the acrylic rubber market, globally. Acrylic rubber affected by acids & bases and moisture, may hinder the growth of the global acrylic market in the coming years.
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Topographically, regions contributing in the development of global acrylic rubber market share are Europe (France, Italy, Russia, UK & Germany), South America (Columbia, Argentina & Brazil), Asia Pacific (Southeast Asia, India, Korea, China & Japan), North America (Mexico, Canada & USA) and Middle East & Africa (UAE, South Africa, Saudi Arabia, Egypt & Nigeria). Europe and North America are the regions that play a major role in the global acrylic rubber industry. The Asia Pacific is anticipated to develop the acrylic rubber market. The main reason for the growth of the acrylic rubber market in these regions is the automotive industry.
Key players involved in increasing the acrylic rubber market share across the globe are NOK, ZEON, Qinglong, Haiba, Jiujianshilong and many more. Jiujianshilong and Qinglong holds the largest shares in the global acrylic rubber industry.
Key Segments in the “Global Acrylic Rubber Market” are-
By Product market is segmented into: • Gaskets • O-rings • Beltings • Adhesives • Shaft seals
By Application market is segmented into: • Packaging • Automotive • Consumer Goods • Plastics
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