DUBLIN--(BUSINESS WIRE)--The "Acrylic Elastomers Market by Type (Acrylic Co-monomer Elastomer/ACM & Ethylene Acrylic Elastomers/AEM), End-Use Industry (Automotive, Construction, Industrial), and Region (North America, APAC, Europe & Rest of the World) - Global Forecast to 2022" report has been added to ResearchAndMarkets.com's offering.
The acrylic elastomers market is projected to grow from USD 648.2 million in 2017 to USD 983.9 million by 2022, at a CAGR of 8.7% during the forecast period. Acrylic elastomers are used in various industries, such as automotive, construction, industrial, and others.
The growth of the acrylic elastomers market can be attributed to the superior properties of acrylic elastomers as compared to conventional elastomers, such as NBR, FKM, and EVA. Acrylic elastomers are widely used for under-the-hood automotive applications, such as O-rings, hoses, seals, and gaskets. They are also used for wire & cable insulation. Acrylic elastomers are affordable and exhibit good characteristics due to which they are increasingly demanded by the automotive industry. However, the rising demand for Electric Vehicles (EV) is acting as a restraint to the growth of the acrylic elastomers market.
The automotive end-use industry segment is projected to grow at the highest CAGR between 2017 and 2022, owing to the increased production of automobiles worldwide. The rising demand for automobiles across the globe has propelled several automobile producers to expand their manufacturing plants. Over the past 5 years, the automobile production in APAC has increased significantly, especially in China and India. Automobile producers in the APAC region are expanding their manufacturing capacities to cater to the rising demand for automobiles.
Key Topics Covered
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Macroeconomic Overview
7 Acrylic Elastomers Market, By Type
8 Acrylic Elastomers Market, By End-Use Industry
9 Acrylic Elastomers Market, By Region
10 Competitive Landscape
11 Company Profiles
- Zeon Corporation
- NOK Corporation
- BASF SE
- Trelleborg AB
- Kuraray Co. Ltd.
- Der-Gom SRL
- Changzhou Haiba Ltd.
- Chengdu Dowhon Industrial Co. Ltd.
- Denka Company Limited
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