Global Acrylic Rubber Market: Overview
Acrylic rubber, also known by its chemical name alkyl acrylate copolymer (ACM), is classified is a synthetic rubber and is under specialty rubbers. Synthetic rubber is largely used as a raw material in components that make noise, are susceptible to shocks and require oil and heat resistance.
Acrylic rubber are unsaturated polar rubbers that display very good swelling resistance in non-polar oils and also in oils that contain sulfur substances. As they do not have unsaturated bonds, they have good oxygen, heat, and ozone resistance. This specialty rubber is resistant to ozone and has very low permeability to gases.
Initially developed for the footwear industry in 1970, the rubber industry has been witnessing growth due to several other industries. Currently, the automotive industry exhibits an excessive demand for specialty rubber for the manufacture of automotive accessories. With the ever-increasing growth of the automotive market, the demand for synthetic rubber has been on the rise. Rubber parts that are used in automotive account for only 5% of the complete weight of automotive and are mainly used for automotive performance.
The report analyzes the global acrylic rubber market in a ground-up manner, which includes detailed insights into market indicators, technological developments, geographical landscape and vendor landscape. The report is compiled after an extensive research phase, which includes data collection from trade journals, paid databases, white papers, and presentations.
This publication is a veritable collection of facts and factoids that offers a quantitative and qualitative assessment of the current state of the market and where it is headed.
Global Acrylic Rubber Market: Trends and Opportunities
The booming automotive industry that displays a substantial demand for acrylic rubber is acting as the primary factor driving the global acrylic rubber market. Acrylic rubber is predominantly used for automotive seal and packaging to add strength to automotive parts. Due to the damping properties of acrylic rubber, it is utilized in vibration damping mounts. Acrylic rubber is also used in automotive transmissions and hoses. Furthermore, the rising demand from end-use industries such as consumer goods and plastics is also expected to stimulate the growth of the acrylic rubber market.
However, the market is expected to witness a decline due to some of the disadvantages of acrylic rubber, which includes low resistance to moisture, acids, and bases. These limitations restrict the use of acrylic rubber in some applications, thereby hampering the demand for the product.
Global Acrylic Rubber Market: Regional Outlook
North America, Asia Pacific, Europe, and Rest of the World are the major regional segments into which the global acrylic rubber market is divided. Asia Pacific, particularly China is expected to contribute significantly to the overall market due to the flourishing automotive industry in the region. North America and Europe are also expected to contribute significantly to the growth of the acrylic rubber market due to the rising demand for acrylic rubber from several end-use industries for sealing and packaging applications.
Global Acrylic Rubber Market: Competitive Landscape
Some of the companies that have a significant presence in the global acrylic rubber market include Hi-Tech Polymers, Ames Rubber Manufacturing, DuPont, Elder Rubber Company, GBSA, CANADA SILICONE INC., Kivi Markings, Specialty Tapes Manufacturing, REDCO, Plexipave, Sreeji Trading Company, Harboro Rubber, Rubber Mill, Apcotex Industries Ltd., Anabond Limted, Tiger Rubber Company, ZORGE, Hanna Rubber Company, Synthos SA, Vanderbit Chemicals LLC, Devcon, Fostek Corporation, INEOS Nitriles Company, PAR Group, and Jet Rubber Company.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.