DUBLIN--(BUSINESS WIRE)--The "Asia Pacific Acrylic Elastomers Market - Companies Profiles, Size, Share, Growth, Trends and Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
Asia-Pacific acrylic elastomers market is growing with a healthy CAGR in the forecast period 2018 to 2025.
Increased use of acrylic elastomers in automobile industry, advanced properties of acrylic elastomers as compared to conventional elastomers and increasing applications of acrylic elastomers in various industries has increased the growth of market.
On the other hand fluctuating price of raw materials, high prices of AEM prompting OEMs to opt for thermoplastics and regulatory issues is hampering the growth of market.
The Asia-Pacific acrylic elastomers market is segmented based on type into two notable segments as ethylene acrylic elastomers (AEM) and acrylic co-monomer elastomers/polyacrylic (ACM). In 2018, ethylene acrylic elastomers (AEM) market will dominate the market with 53.1% shares by 2025.
The Asia-Pacific acrylic elastomers market is segmented based on derivative type into four notable segments; ethyl acrylate, butyl acrylate, methyl acrylate and ethyhexyl acrylate. In 2018, ethyl acrylate market will dominate the market and will consume around USD 321.74 Million by 2025, and growing at the highest CAGR of 10% in the forecast period 2018 to 2025.
The Asia-Pacific acrylic elastomers market is segmented based on end-user into four notable segments; automotive, construction, industrial machinery, paints & coatings, adhesives & sealants, textiles and others.
Market Dynamics
Drivers
- Increased Use of Acrylic Elastomers in Automobile Industry
- Advanced Properties of Acrylic Elastomers as Compared to Conventional Elastomers
- Increasing Applications of Acrylic Elastomers in Various Industries
Restraints
- Fluctuating Price of Raw Materials
- Regulatory Issues
Opportunities
- Huge Investment in Automotive Industry
- Commercialization of Bio-Based Acrylic Acid
- Increasing Demand from Emerging Economies
Challenge
- Rising Demand for Electric Vehicles
Companies Profiled
- DowDuPont
- Zeon Corporation
- NOK Corporation
- BASF SE
- Trelleborg AB
- Kuraray Co. Ltd.
- Der-Gom SRL
- Changzhou Haiba Ltd.
- Chengdu Dowhon Industrial Co. Ltd.
- Seal & Design Inc.
- Paroma
For more information about this report visit https://www.researchandmarkets.com/research/cw5cxv/the_asia_pacific?w=4
