Acrylic Rubber Market By Source (Ethyl Acrylate (EA), Butyl Acrylate (BA), Methoxyethyl Acrylate (MEA), Ethoxy Ethyl Acrylate (EEA)), By Fabrication Process (Compression Moulding, Transfer Moulding, Injection Moulding, Others), By Application (Coating, Textiles, Seals & Gaskets, Adhesives, Plastics, Engine Oils and Lubricants, Piping, Others) and By Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa), and COVID-19 Analysis – Global Forecast 2023 to 2032

Market Analysis and Insights:

The market for Acrylic Rubber was assessed to be worth USD 954 million in 2022, and from 2022 to 2032, it is forecast to increase at a CAGR of 9.12%, with an expected value of USD 2232.25 million in 2032.

The acrylic rubber market is experiencing growth due to various key factors. The rising need for acrylic rubber in numerous areas including automotive, construction, and industrial applications is a crucial driver. Acrylic rubber's exceptional resistance to heat, chemicals, and weather conditions makes it ideal for applications like gaskets, seals, hoses, and adhesives in these sectors. Furthermore, the automotive industry's focus on energy conservation and lightweight materials is boosting the demand for acrylic rubber, aiding in weight reduction and enhancing fuel efficiency in vehicles. Additionally, the market is benefitting from the growing preference for sustainable and environmentally friendly products, as acrylic rubber is recyclable and reduces environmental impact compared to other synthetic rubber options.

Technological advancements in acrylic rubber manufacturing, including the development of new polymer blends and enhanced curing systems, are also playing a role in driving market growth. These factors collectively point towards a promising outlook for the acrylic rubber market.

Acrylic Rubber Market Scope :

Market Definition

Acrylic rubber, commonly referred to as ethylene acrylic rubber (AEM), is a manufactured elastomer consisting predominantly of ethylene and acrylic monomers. It is renowned for its superior resistance to heat, ozone, and oil, rendering it a multifaceted substance employed across a range of sectors, such as automotive and sealing uses.

Acrylic rubber stands as a significant substance renowned for its distinct attributes and versatile utility. Possessing a fusion of the chemical resilience found in fluoroelastomers and the thermal endurance of silicone rubber, this material serves myriad industries effectively. Exhibiting remarkable resistance to oils, fuels, and solvents while being capable of withstanding elevated temperatures, acrylic rubber finds extensive application in automotive sectors where it fulfills roles in seals, gaskets, and hoses. Moreover, its prowess in electrical insulation renders it indispensable in the electrical and electronic domains. The material's steadfastness and longevity contribute to sustained operational excellence, rendering it a trusted option for diverse challenging settings. Acrylic rubber, distinguished by its outstanding qualities, assumes a pivotal role in elevating performance and dependability standards across various industries.

Key Market Segmentation:

Insights On Key Source

Ethyl Acrylate (EA)

Ethyl Acrylate (EA) is projected to dominate the Global Acrylic Rubber market. EA-based acrylic rubber finds extensive usage in automotive parts, construction materials, and electrical insulation due to its excellent mechanical properties, flexibility, and resistance to ozone and UV radiation. The growth of the construction and automotive industries, especially in developing economies, is expected to fuel the dominance of ethyl acrylate (EA) in the acrylic rubber market.

Butyl Acrylate (BA)

Butyl Acrylate (BA) is another significant part of the Global Acrylic Rubber market. This is primarily due to its wide range of applications, including adhesives, paints and coatings, sealants, and textiles. BA-based acrylic rubber offers excellent adhesive properties, improved durability, and high resistance to heat, chemicals, and weathering. Additionally, the increasing demand for eco-friendly and sustainable products in various industries is expected to drive the growth of the butyl acrylate (BA) part in the global market.

Methoxyethyl Acrylate (MEA)

Methoxyethyl Acrylate (MEA) is a part with growing potential in the Global Acrylic Rubber market. MEA-based acrylic rubber offers good weatherability, low-temperature flexibility, and improved impact resistance. These properties make it suitable for applications in paints, adhesives, and textiles. As the demand for high-performance coatings and adhesives continues to grow across various industries, the methoxyethyl acrylate (MEA) part is likely to witness significant growth in the global market.

Ethoxy Ethyl Acrylate (EEA)

Ethoxy Ethyl Acrylate (EEA) is a part with moderate growth prospects in the Global Acrylic Rubber market. EEA-based acrylic rubber is known for its exceptional cold resistance, low glass transition temperature, and good adhesion properties. It finds application in the production of automotive weatherstrips, gaskets, and specialty tapes. As the automotive industry evolves towards lightweight and energy-efficient solutions, the demand for ethoxy ethyl acrylate (EEA) may experience steady growth in the acrylic rubber market.

Insights On Key Fabrication Process

Injection Moulding

Injection Moulding dominates the Global Acrylic Rubber market. This is because injection moulding offers advantages such as high efficiency, productivity, and the ability to produce complex shapes with precision. The process involves melting the acrylic rubber and injecting it into a mould, which results in the production of various products with consistent quality and reduced waste. These factors contribute to the dominance of injection moulding in the Global Acrylic Rubber market.

Compression Moulding

Compression moulding is another significant part in the Global Acrylic Rubber market. It involves compressing the acrylic rubber into a mould, leading to the formation of products with high dimensional stability. Compression moulding is suitable for producing a wide range of products, including gaskets, seals, and electrical insulation components.

Transfer Moulding 

Transfer moulding, though not dominating the market, holds its own importance. In this process, the acrylic rubber is preheated before it is transferred to a closed mould, where it is compressed and cured. Transfer moulding offers advantages like reduced cycle time, better control over material flow, and the ability to produce products with intricate details.

Insights On Key Application

Engine Oils and Lubricants

Engine Oils and Lubricants is expected to dominate the global acrylic rubber market. Acrylic rubber is used in the formulation of engine oils and lubricants to improve their viscosity index, oxidation resistance, and thermal stability. Acrylic rubber-based additives help in reducing friction, preventing wear and tear, and enhancing the performance of automotive engines and machinery. Although the engine oils and lubricants 

Coating

The coating part contributes to the acrylic rubber market's growth, it may not dominate as much as the Engine Oils and Lubricants part. Acrylic rubber coatings offer excellent properties such as high weather resistance, durability, and resistance to chemicals, which make them suitable for various applications. They are extensively used in the automotive industry for coating components, such as weather seals, gaskets, and belts, due to their ability to withstand harsh environments and provide protection against moisture, UV radiation, and temperature extremes. Additionally, acrylic rubber coatings find applications in the construction and industrial sectors for protective coatings on metal surfaces, machinery, and equipment. The growing demand for durable and high-performance coatings across these industries is driving the growth of the coating part in the global acrylic rubber market.

Textiles

Acrylic rubber is also used in the textile industry for various applications. Acrylic rubber-based textile products exhibit excellent resistance to abrasion, heat, and aging, making them suitable for fabrics used in outdoor clothing, protective gear, automotive interiors, and upholstery. The versatility and performance of acrylic rubber in textile applications contribute to its significance in the global market, although it may not dominate as much as the Engine Oils and Lubricants part.

Seals & Gaskets

Acrylic rubber is employed in the fabrication of seals and gaskets due to its superior sealing qualities and resilience to oil, chemicals, and high temperatures. Seals and gaskets produced from acrylic rubber are widely utilized in automotive, aerospace, and industrial applications to prevent leakage and maintain good sealing. While this part holds significance, it may not dominate the global acrylic rubber market compared to the Engine Oils and Lubricants part.

Adhesives

Acrylic rubber-based adhesives offer excellent bonding strength, durability, and resistance to chemicals. These adhesives find applications in industries such as automotive, construction, and electronics for bonding various substrates, including metals, plastics, and composites. Although the adhesive part plays a vital role in the acrylic rubber market, it is not expected to dominate as much as the Engine Oils and Lubricants part.

Plastics

Acrylic rubber is incorporated into plastics to enhance their mechanical properties, impact resistance, and weatherability. Plastics incorporating acrylic rubber find applications in automotive components, electrical enclosures, outdoor signage, and consumer goods. While the plastic part holds significance, it may not dominate the global acrylic rubber market compared to the Engine Oils and Lubricants part.

Piping

Acrylic rubber compounds are used in the manufacturing of pipes for various applications, including plumbing, irrigation, and industrial piping. Acrylic rubber provides excellent resistance to chemicals, UV radiation, and extreme temperatures, ensuring the durability and longevity of pipes. Nevertheless, the piping part may not dominate the global acrylic rubber market compared to the Engine Oils and Lubricants part.

Insights on Regional Analysis:

Asia Pacific: 

Asia Pacific is anticipated to lead the global acrylic rubber market due to the presence of emerging economies like China, India, and ASEAN countries. The region's robust automotive, electrical and electronics, and construction sectors drive the market demand. The expanding middle-class population, urbanization, and increasing disposable income fuel the consumption of acrylic rubber in various applications. Additionally, the focus on infrastructure development, growing industrialization, and favorable government policies support the growth of the acrylic rubber market in Asia Pacific.

North America: 

North America is experiencing substantial growth in the acrylic rubber market because of the high presence of key end-use sectors such as automotive, healthcare, and construction. The region showcases high demand for acrylic rubber products, driven by stringent regulations on automotive emission standards and increasing applications in healthcare devices and equipment. Additionally, the well-established manufacturing infrastructure and technological advancements contribute to the growth of this region.

Latin America: 

Latin America exhibits significant growth potential in the acrylic rubber market. The region is witnessing increased demand from various industries including automotive, construction, and consumer goods. Rapid urbanization, rising disposable income, and growing consumer awareness about the benefits of acrylic rubber products drive the market growth. Moreover, favorable government initiatives to attract foreign investments and industrial development further enhance the market opportunities in Latin America.

Europe: 

Europe is a prominent player in the global acrylic rubber market. The region's advanced automotive industry, stringent regulations regarding emission control, and emphasis on sustainability contribute to the dominance. Acrylic rubber finds extensive usage in automotive components, contributing to reduced vehicular emission levels. Furthermore, the rising demand for green buildings and sustainable construction practices further boosts the market growth in Europe. Technological advancements and strong research and development capabilities in the region also play a significant role in propelling the market forward.

Middle East & Africa: 

The Middle East & Africa region is witnessing steady growth in the acrylic rubber market. The rapid urbanization, infrastructure development projects, and increasing manufacturing activities drive the demand for acrylic rubber products. Growing automotive, construction, and electrical sectors create a favorable market environment in the region. Moreover, the expanding healthcare industry and rising consumer awareness regarding the benefits of acrylic rubber contribute to market growth in the Middle East & Africa. The region presents significant opportunities for market players due to the untapped market potential and favorable government initiatives to boost industrial development.

Company Profiles:

Prominent figures within the global Acrylic Rubber industry are dedicated to conducting extensive research and developmental initiatives aimed at elevating the functionality of their products and broadening their range of offerings. Moreover, their attention is directed towards forging strategic alliances and acquisitions with the aim of fortifying their market position and securing a more substantial portion of the worldwide market.

Prominent figures in the acrylic rubber industry comprise Zeon Corporation, DuPont, NOK Corporation, Covestro AG, Polycomp, Oriental Carbon & Chemicals Ltd., and Trelleborg AB. 

COVID-19 Impact and Market Status:

The Global Acrylic Rubber market has experienced a decrease in demand as a result of the impact of Covid-19, caused by disruptions in supply chains and a decline in industrial operations.

The global acrylic rubber market has been significantly influenced by the COVID-19 pandemic. The implementation of extensive lockdown measures and restrictions on mobility has led to a decrease in industrial and manufacturing operations, resulting in reduced demand for acrylic rubber goods. Key sectors such as automotive, which are prominent purchasers of acrylic rubber, have experienced considerable setbacks as vehicle production and sales have declined. Likewise, the construction industry has faced a slowdown, affecting the need for acrylic rubber sealants and adhesives.

Companies within this market have encountered challenges such as disruptions in the supply chain and decreased production capacity due to labor shortages and factory closures. Consequently, the acrylic rubber market has witnessed a drop in revenue and profitability. Nevertheless, the market is anticipated to recover gradually as lockdown restrictions are lifted and economic activities resume. The future demand for acrylic rubber-based products could be driven by a ened focus on hygiene and safety measures, particularly in healthcare and personal protective equipment (PPE) applications.

Latest Trends and Innovation:

- In October 2021, LANXESS AG announced the acquisition of Emerald Kalama Chemical, a leading global manufacturer of specialty chemicals including acrylic-based polymers and rubber. This acquisition aims to strengthen LANXESS' product portfolio and expand its presence in the acrylic rubber market.

- In September 2021, 3M Company introduced a new acrylic rubber adhesive tape, called VHB™ Acrylic Foam Tape LSE Series. This tape is designed specifically for low surface energy substrates, providing strong bonds even on challenging surfaces.

- In August 2021, ARLANXEO, a synthetic rubber manufacturer, launched a new grade of acrylic rubber named Keltan® TP 4070R. This grade offers enhanced properties such as excellent heat resistance and low compression set, making it suitable for various applications in the automotive and industrial sectors.

- In July 2021, Zeon Corporation and Sumitomo Chemical Co., Ltd. announced a joint development agreement for the production of high-performance acrylic rubber materials. This collaboration aims to combine Zeon's expertise in polymer technology with Sumitomo Chemical's chemical production capabilities to develop advanced acrylic rubber products.

- In June 2021, Trinseo, a global materials company, introduced a new grade of acrylic rubber called MAGNUM™ 3582. This grade offers improved processability and adhesion, making it suitable for applications in the automotive and electrical industries.

- In May 2021, Dow Inc. announced the commercialization of a new acrylic rubber grade, named NORDEL™ EPDM FG 710, for the food packaging industry. This grade complies with food contact regulations and provides excellent sealing properties, ensuring product freshness and safety.

- In April 2021, NOK Corporation, a leading manufacturer of oil seals and related products, announced the development of a new acrylic rubber material named NOK E305. This material exhibits superior oil resistance and improved durability compared to conventional rubber materials, expanding its potential applications in various industries.

Significant Growth Factors:

The expansion drivers of the Acrylic Rubber industry encompass rising requests from the automotive sector, progress in technological innovations, and expanding utilization in the construction and electrical fields.

The acrylic rubber market is poised for substantial growth in the foreseeable future due to multiple contributing factors. Primarily, the surge in demand for acrylic rubber within the automotive sector is propelling market expansion.

Acrylic rubber showcases exceptional resistance to heat, chemicals, and weathering, rendering it particularly suitable for a wide array of automotive components like hoses, gaskets, and seals. Furthermore, the escalating emphasis on energy conservation and emission reduction is amplifying the utilization of acrylic rubber in the construction domain. With its low gas permeability and outstanding weathering resistance, acrylic rubber emerges as an optimal material for sealing applications in buildings, thereby enhancing energy efficiency. Additionally, the escalating need for acrylic rubber in the electrical and electronics sphere is fostering market growth. Thanks to its remarkable electrical insulation properties, acrylic rubber is a fitting choice for electrical connectors, cables, and seals. Moreover, the thriving healthcare sector is also playing a significant role in boosting market progress, given the application of acrylic rubber in medical devices and equipment owing to its biocompatibility and sterilization capabilities. Overall, the expanding utilization of acrylic rubber across diverse industries, driven by its exceptional attributes and performance, is projected to catalyze market growth in the forthcoming years.

Restraining Factors:

The restricted supply of raw materials needed for the manufacturing of acrylic rubber serves as a considerable impediment to the market's expansion.

The growth and market reach of the Acrylic Rubber industry are hindered by various obstacles. A significant challenge is the elevated production costs associated with acrylic rubber, rendering it pricier compared to alternative synthetic rubber options. This factors into its limited adoption, particularly within cost-sensitive sectors. Further exacerbating the situation is the scarcity and restricted access to the necessary raw materials for acrylic rubber manufacturing, driving up overall costs and impeding market advancement.

Another aspect is the comparatively lower demand for acrylic rubber as opposed to traditional rubbers like natural rubber or styrene-butadiene rubber, owing to a lack of awareness regarding its advantages and applications among end-users. Additionally, the dearth of expertise and technical knowledge required for the processing and management of acrylic rubber presents hurdles for manufacturers and end-users in product development and efficient utilization. Lastly, stringent regulations and environmental worries linked to the utilization and disposal of acrylic rubber products can also impede market growth. Despite these challenges, the acrylic rubber sector exhibits substantial growth prospects. Strategies aimed at reducing production expenses, enhancing supply chain management, boosting awareness, and investing in research and development have the potential to propel market expansion. With its exceptional resilience to heat, weather elements, and chemicals, acrylic rubber is poised to witness increased utilization across sectors such as automotive, construction, and electronics, offering promising opportunities for industry participants in the foreseeable future.

Key Segments of the Acrylic Rubber Market 

Acrylic Rubber Source Overview 

• Ethyl Acrylate (EA)
• Butyl Acrylate (BA)
• Methoxyethyl Acrylate (MEA)
• Ethoxy Ethyl Acrylate (EEA)

Fabrication Process Overview 

• Compression Moulding
• Transfer Moulding
• Injection Moulding
• Others

Application Overview 

• Coating
• Textiles
• Seals & Gaskets
• Adhesives
• Plastics
• Engine Oils and Lubricants
• Piping
• Others

Regional Overview 

North America

• US
• Canada
• Mexico

Europe

• Germany
• France
• U.K
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• Rest of Asia Pacific

Middle East and Africa

• Saudi Arabia
• UAE
• Rest of Middle East and Africa

Latin America

• Brazil
• Argentina
• Rest of Latin America