Top Companies in Acrylic Elastomers Market by Size, Share, Historical and Future Data & CAGR | Report by Vantage Market Research
Acrylic Elastomers Market is projected to reach a value of USD 1.8 Billion by 2028 at a CAGR of 8.8% over the forecast period.
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The Global Acrylic Elastomers Market is valued at USD 1.1 Billion in 2021 and is projected to reach a value of USD 1.8 Billion by 2028 at a CAGR of 8.8% over the forecast period. The market for acrylic elastomers has risen steadily in recent years and is anticipated to do so during the coming years. Acryl elastomers are expected to be used more frequently in the automotive industry for the different components found under the hood of cars.
The increased demand for acrylic elastomers from the automobile industry is responsible for the market's expansion. In addition, the need is being driven by an increase in the use of acrylic elastomer to create under-the-hood vehicle components.
The market is anticipated to produce profitable chances due to increased investment in the automotive industry and technological improvement. The automotive industry prefers acrylic elastomers because of their superior thermal stability, chemical resistance, tensile strength, reduced shrinkage, and increased design freedom. Additionally, the Asia-Pacific region currently holds a dominant position in the acrylic elastomers market due to the region's expanding automotive industry and growing use of the material to create automotive components for the undercarriage. Furthermore, rising economies like China and India and the development of industries will support the region's market growth. On the other hand, North America will continue to have profitable growth during the forecast period due to the rapid speed of technological development in the region.
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The Acrylic Elastomers market is dominated by worldwide established players such as Kuraray Co. Ltd. (Japan), Zeon Corporation (Japan), BASF SE (Germany), NOK Corporation (Japan), Dow (US), DuPont (US), DER-GOM SRL (Italy), Changzou Haiba Ltd. (China), Exxon Mobil Corporation (US), Eastman Chemical Company (US), ARKEMA (France), H.B. Fuller Company (US), Seal & Design Inc. (US), Paromak (Turkey), Air Products and Chemicals Inc. (US), Nippon Shokubai Co. Ltd. (Japan), Momentive (US), Mitsubishi Chemical Holdings Corporation (Japan), Celanese Corporation (US), LG Chem (South Korea), Denka Company Limited (Japan), and Trelleborg AG (Sweden) among others. These players in the acrylic elastomers market use vital strategies such as technology releases, acquisitions, and R&D efforts.
Let’s Look at the Top Companies That are Taking the Acrylic Elastomers Market by Storm
- Kuraray Company Ltd. (Japan)
Kuraray Co. Ltd. produces chemical and synthetic fibers. The business offers non-woven fabrics, fine chemicals, special resin, synthetic leather, and other products used as clothing and industrial materials. Kuraray also manufactures pharmaceutical and healthcare items like dental goods and dialyzers. The company focuses on making things that are good for the environment.
- Zeon Corporation (Japan)
The Zeon Corporation manufactures resins, synthetic rubbers, and synthetic latex. The company's goods are utilized as materials for electronic components, tyres, and other auto parts. The business is international.
- BASF SE (Germany)
A chemical firm is BASF SE. The company's six business segments are comprised of chemicals, plastics, performance products, practical solutions, agricultural solutions, and oil and gas. In addition to providing various system solutions and services, BASF supplies goods for the chemical, automotive, construction, agriculture, oil, plastics, electrical, electronics, furniture, and paper industries.
- DER-GOM SRL (Italy)
The Company Der-gom S.R.L. produces rubber goods. The business sells rubberized fabrics, industrial rubber products, and other rubber goods. Der-gom services the automotive, electronics, appliances, marine, footwear, industrial, and defense industries.
- Exxon Mobil Corporation (US)
The Exxon Mobil Corporation runs companies in petrochemicals and petroleum. The business conducts operations for coal, minerals, electric power generation, oil & gas exploration, and production. Additionally, Exxon Mobil produces and sells chemicals, lubricants, and fuels. Exxon Mobil provides services to clients globally.
- Eastman Chemical Corporation (US)
Eastman Chemical Company is an international manufacturer of chemicals, textiles, and plastics. Coatings, adhesives, specialty polymers, inks, fibers, performance chemicals and intermediates, performance polymers, and specialty plastics are the products the company produces.
- ARKEMA (France)
ARKEMA produces and sells a variety of chemicals. The business produces performance goods such as acrylics, polymethyl methacrylate (PMMA), hydrogen peroxide, technical polymers, specialty chemicals, and useful additives in addition to industrial chemicals.
- B. Fuller Company (US)
The H.B. Fuller Company produces and sells specialty chemical products such as coatings, paints, adhesives, and sealants worldwide. North America, Europe, Latin America, the Asia-Pacific region, India, the Middle East, and Africa are among the nations where the company sells its goods.
- Seal and Design, Inc. (US)
Gaskets and seals are made and sold by Seal & Design Inc. The business sells molded rubber goods, seals, orings, and die-cut gaskets. In the United States, Seal & Design provides services to the automotive, hydraulics, medical, military, aerospace, and aerospace industries.
- Air Products and Chemicals Inc. (US)
Air Products and Chemicals Inc. manufactures performance materials, equipment, and industrial atmospheric and specialty gases. The company sells resins, specialty surfactants and amines, polyurethane, nitrogen, argon, and helium, as well as oxygen, nitrogen, argon, and helium. Products from Air Products and Chemicals are utilized in the semiconductor, beverage, and health industries.
- Nippon Shokubai Co. Ltd. (Japan)
Nippon Shokubai Co. Ltd. produces and markets fine and basic chemicals, synthetic resins, and catalysts. Super absorbent polymers, acrylic acid, and automotive catalysts are among the company's products. Nippon Shokubai exports goods to Singapore, the US, and Germany.
- Celanese Company (US)
The Celanese Corporation produces sophisticated materials and chemicals on a global scale. The company sells synthetic polymers, vinyl emulsion, acetyl, and acetate, among other things. Celanese operations serve worldwide customers.
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