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, and Rest of the World) - Global Forecast to 2022
[108 Pages Report] Acrylic Elastomers Market was valued at USD 608.0 million in 2016 and is projected to reach USD 983.9 million by 2022, at a CAGR of 8.7% during the forecast period. The base year considered for the study on the acrylic elastomers market is 2016 and the forecast period considered is between 2017 and 2022.
Objectives of the Study:
- To define, describe, and forecast the acrylic elastomers market based on type, end-use industry, and region
- To provide detailed information regarding key factors such as drivers, restraints, opportunities, and challenges influencing the growth of the acrylic elastomers market
- To strategically analyze micromarkets with respect to individual growth trends, future growth prospects, and contribution to the overall acrylic elastomers market
- To analyze opportunities in the acrylic elastomers market for stakeholders and provide detailed information on the competitive landscape of the market
- To strategically profile key players operating in the acrylic elastomers market and comprehensively analyze their market shares and core competencies
Both, top-down and bottom-up approaches were used to estimate and validate the size of the acrylic elastomers market and estimate the sizes of various other dependent submarkets. The research study involved the extensive use of secondary sources, directories, and databases, such as Hoovers, Bloomberg, Factiva, the Securities and Exchange Commission, the American Acrylic Association, and the World Health Organization, to identify and collect information useful for this technical, market-oriented, and commercial study of the acrylic elastomers market.
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Key players operating in the acrylic elastomers market include BASF SE (Germany), DowDuPont (US), Zeon Corporation (Japan), NOK Corporation (Japan), and Trelleborg AB (Sweden).
Key Target Audience:
- Manufacturers of Acrylic Elastomers
- Traders, Distributors, and Suppliers of Acrylic Elastomers
- Automotive OEMs
- Government & Regional Agencies and Research Organizations
- Investment Research Firms
This study answers several questions for various leading players across the value chain of acrylic elastomers, primarily which market segments to focus on, in the next two to five years for prioritizing their efforts and investments.
Scope of the Report:
This research report categorizes the acrylic elastomers market based on type, end-use industry, and region.
Acrylic Elastomers Market, by Type:
- ACM
- AEM
Acrylic Elastomers Market, by End-Use Industry:
- Automotive
- Construction
- Industrial
- Others (Wire & Cable and Paints & Coatings)
Acrylic Elastomers Market, by Region:
- North America
- APAC
- Europe
- RoW
The acrylic elastomers market has been further analyzed based on key countries in each of these regions.
Available Customizations:
With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report:
Regional Analysis:
- Country-level analysis of the acrylic elastomers market
Company Information:
- Detailed analysis and profiling of additional market players
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. The growth of the acrylic elastomers market can be attributed to the rising demand for acrylic elastomers from the automotive industry. Additionally, key automobile producers in APAC countries, especially in India, are focused on increasing their automotive manufacturing capacities, thereby driving the demand for acrylic elastomers. Superior properties of acrylic elastomers, such as excellent heat and oil resistance, have made them an ideal choice for under-the-hood automotive applications.
Based on type, the acrylic elastomers market has been segmented into Acrylic Co-monomer Elastomer (ACM) and Ethylene Acrylic Elastomer (AEM). The ACM segment accounted for a larger share of the acrylic elastomers market in 2017 as compared to the AEM segment. This large share can be attributed to the increasing demand for ACM in the APAC region.
Based on end-use industry, the acrylic elastomers market has been segmented into automotive, construction, industrial, and others. The automotive end-use industry segment accounted for the largest share of the acrylic elastomers market in 2017. The increasing use of acrylic elastomers to develop under-the-hood automotive components is projected to drive the demand for acrylic elastomers from the automotive industry. Additionally, increase in automobile production worldwide is influencing the growth of the automotive end-use industry segment of the acrylic elastomers market.
Based on region, the acrylic elastomers market has been segmented into APAC, North America, Europe, and RoW. The APAC region is expected to lead the acrylic elastomers market during the forecast period. The growth of the APAC acrylic elastomers market can be attributed to the rising demand for lightweight and high-powered automobiles, which incorporates acrylic elastomer components in engines. Established manufacturers of automobiles are focused on expanding their production capacities in the APAC region.
Key players operating in the acrylic elastomers market include BASF SE (Germany), DowDuPont (US), Zeon Corporation (Japan), NOK Corporation (Japan), and Trelleborg AB (Sweden). These leading players have adopted various growth strategies such as new product launches, acquisitions, mergers, expansions, partnerships, and joint ventures to strengthen their position in the acrylic elastomers market and widen their customer base. For instance, in April 2018, DowDuPont invested USD 100 million to expand the manufacturing capacity of Vamac acrylic elastomers, in addition to other products. This development strategy enabled the company to enhance its presence in the acrylic elastomers market.
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Table of Contents
1 Introduction (Page No. - 14)
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Years Considered for the Study
1.4 Currency
1.5 Unit Considered
1.6 Stakeholders
2 Research Methodology (Page No. - 17)
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Breakdown and Data Triangulation
2.4 Assumptions
2.4.1 Market Size
2.4.2 Annual Production
2.4.3 Growth Rate
2.5 Limitations
2.5.1 Developments and Products, By Key Players
2.5.2 Market Size (Value) of Acrylic Elastomers
2.5.3 Risk Factors
3 Executive Summary (Page No. - 24)
4 Premium Insights (Page No. - 27)
4.1 Significant Opportunities in the Acrylic Elastomers Market
4.2 Acrylic Elastomers Market, By End-Use Industry
4.3 Acrylic Elastomers Market in APAC, By Country and End-Use Industry
4.4 Acrylic Elastomers Market Size, By Type
5 Market Overview (Page No. - 29)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Advanced Properties of Acrylic Elastomers Compared to Conventional Elastomers
5.2.1.2 Increasing Usage of Acrylic Elastomers in Turbocharged Engines
5.2.2 Challenges
5.2.2.1 High Prices of Aem Prompting Oems to Opt for Thermoplastics
5.2.3 Opportunities
5.2.3.1 Huge Investment in Automotive Industry in APAC and South America
5.2.4 Restraints
5.2.4.1 Emerging Demand for Electric Vehicles in China
5.3 Porters Five Forces Analysis
5.3.1 Bargaining Power of Suppliers
5.3.2 Bargaining Power of Buyers
5.3.3 Threat of New Entrants
5.3.4 Threat of Substitutes
5.3.5 Intensity of Competitive Rivalry
6 Macroeconomic Overview (Page No. - 35)
6.1 Introduction
6.2 Trends and Forecast of GDP
6.3 Trends of Automotive Industry
6.4 Trends of Construction Industry
6.4.1 Construction Industry in North America
6.4.2 Construction Industry in Europe
6.4.3 Construction Industry in APAC
7 Acrylic Elastomers Market, By Type (Page No. - 40)
7.1 Introduction
7.2 Acrylic Co-Monomer Elastomers
7.3 Ethylene Acrylic Elastomers
8 Acrylic Elastomers Market, By End-Use Industry (Page No. - 44)
8.1 Introduction
8.2 Automotive
8.2.1 Hoses
8.2.2 Gaskets
8.2.3 Seals and O-Rings
8.2.4 Others
8.3 Construction
8.3.1 Floor Coating
8.3.2 Others
8.4 Industrial
8.4.1 Industrial Machinery
8.5 Others
9 Acrylic Elastomers Market, By Region (Page No. - 50)
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 APAC
9.3.1 China
9.3.2 Japan
9.3.3 India
9.3.4 South Korea
9.3.5 Rest of APAC
9.4 Europe
9.4.1 Germany
9.4.2 France
9.4.3 UK
9.4.4 Spain
9.4.5 Italy
9.4.6 Rest of Europe
9.5 RoW
9.5.1 Brazil
9.5.2 Others
10 Competitive Landscape (Page No. - 79)
10.1 Overview
10.2 Market Ranking
10.2.1 Dowdupont
10.2.2 Zeon Corporation
10.2.3 NOK Corporation
10.2.4 BASF SE
10.2.5 Trelleborg AB
10.3 Competitive Scenario
10.3.1 Expansions
10.3.2 New Product Launches
10.3.3 Mergers
11 Company Profile (Page No. - 83)
Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View
11.1 Dowdupont
11.2 Zeon Corporation
11.3 NOK Corporation
11.4 BASF SE
11.5 Trelleborg AB
11.6 Kuraray Co., Ltd.
11.7 Der-Gom SRL
11.8 Changzhou Haiba Ltd.
11.9 Chengdu Dowhon Industrial Co., Ltd.
11.10 Denka Company Limited
*Details Might Not Be Captured in Case of Unlisted Companies.
12 Appendix (Page No. - 101)
12.1 Insights From Industry Experts
12.2 Discussion Guide
12.3 Knowledge Store: Marketsandmarkets Subscription Portal
12.4 Introducing RT: Real-Time Market Intelligence
12.5 Related Reports
12.6 Author Details
List of Tables (72 Tables)
Table 1 Trends and Forecast of GDP, 20162022 (USD Billion)
Table 2 Automotive Production, Million Unit (20112016)
Table 3 Contribution of Construction Industry to the GDP of North America, 20142016 (USD Billion)
Table 4 Contribution of Construction Industry to the GDP of Europe, 20142016 (USD Billion)
Table 5 Contribution of Construction Industry to the GDP of APAC, 20142016 (USD Billion)
Table 6 Acrylic Elastomers Market Size, By Type, 20152022 (Ton)
Table 7 Acrylic Elastomers Market Size, By Type, 20152022 (USD Million)
Table 8 Acrylic Elastomers Market Size, By End-Use Industry, 20152022 (Ton)
Table 9 Acrylic Elastomers Market Size, By End-Use Industry, 20152022 (USD Million)
Table 10 Acrylic Elastomers Market Size in Automotive, By Region, 20152022 (Ton)
Table 11 Acrylic Elastomers Market Size in Automotive, By Region, 20152022 (USD Million)
Table 12 Acrylic Elastomers Market Size in Construction, By Region, 20152022 (Ton)
Table 13 Acrylic Elastomers Market Size in Construction, By Region, 20152022 (USD Million)
Table 14 Acrylic Elastomers Market Size in Industrial, By Region, 20152022 (Ton)
Table 15 Acrylic Elastomers Market Size in Industrial, By Region, 20152022 (USD Million)
Table 16 Acrylic Elastomers Market Size, By Region, 20152022 (Ton)
Table 17 Acrylic Elastomers Market Size, By Region, 20152022 (USD Million)
Table 18 Acrylic Elastomers Market Size, By End-Use Industry, 20152022 (Ton)
Table 19 Acrylic Elastomers Market Size, By End-Use Industry, 20152022 (USD Million)
Table 20 Acrylic Elastomers Market Size, By Type, 20152022 (Ton)
Table 21 Acrylic Elastomers Market Size, By Type, 20152022 (USD Million)
Table 22 North America: Market Size, By Country, 20152022 (Ton)
Table 23 North America: Market Size, By Region, 20152022 (USD Million)
Table 24 North America: Market Size, By End-Use Industry, 20152022 (Ton)
Table 25 North America: Market Size, By End-Use Industry, 20152022 (USD Million)
Table 26 US: Market Size, By End-Use Industry, 20152022 (Ton)
Table 27 US: Market Size, By End-Use Industry, 20152022 (USD Million)
Table 28 Canada: Market Size, By End-Use Industry, 20152022 (Ton)
Table 29 Canada: Market Size, By End-Use Industry, 20152022 (USD Million)
Table 30 Mexico: Market Size, By End-Use Industry, 20152022 (Ton)
Table 31 Mexico: Market Size, By End-Use Industry, 20152022 (USD Million)
Table 32 APAC: Market Size, By Country, 20152022 (Ton)
Table 33 APAC: Market Size, By Country, 2015-2022 (USD Million)
Table 34 APAC: Market Size, By End-Use Industry, 20152022 (Ton)
Table 35 APAC: Market Size, By End-Use Industry, 20152022 (USD Million)
Table 36 China: Market Size, By End-Use Industry, 20152022 (Ton)
Table 37 China: Market Size, By End-Use Industry, 20152022 (USD Million)
Table 38 Japan: Market Size, By End-Use Industry, 20152022 (Ton)
Table 39 Japan: Market Size, By End-Use Industry, 20152022 (USD Million)
Table 40 India: Market Size, By End-Use Industry, 20152022 (Ton)
Table 41 India: Market Size, By End-Use Industry, 20152022 (USD Million)
Table 42 South Korea: Market Size, By End-Use Industry, 20152022 (Ton)
Table 43 South Korea: Market Size, By End-Use Industry, 20152022 (USD Million)
Table 44 Rest of APAC: Acrylic Elastomers Market Size, By End-Use Industry, 20152022 (Ton)
Table 45 Rest of APAC: Acrylic Elastomers Market Size, By End-Use Industry, 20152022 (USD Million)
Table 46 Europe: Market Size, By Country, 20152022 (Ton)
Table 47 Europe: Market Size, By Country, 20152022 (USD Million)
Table 48 Europe: Market Size, By End-Use Industry, 20152022 (Ton)
Table 49 Europe: Market Size, By End-Use Industry, 20152022 (USD Million)
Table 50 Germany: Market Size, By End-Use Industry, 20152022 (Ton)
Table 51 Germany: Market Size, By End-Use Industry, 20152022 (USD Million)
Table 52 France: Acrylic Elastomers Market Size, By End-Use Industry, 20152022 (Ton)
Table 53 France: Acrylic Elastomers Market Size, By End-Use Industry, 20152022 (USD Million)
Table 54 UK: Market Size, By End-Use Industry, 20152022 (Ton)
Table 55 UK: Market Size, By End-Use Industry, 20152022 (USD Million)
Table 56 Spain: Market Size, By End-Use Industry, 20152022 (Ton)
Table 57 Spain: Market Size, By End-Use Industry, 20152022 (USD Million)
Table 58 Italy: Market Size, By End-Use Industry, 20152022 (Ton)
Table 59 Italy: Market Size, By End-Use Industry, 20152022 (USD Million)
Table 60 Rest of Europe: Acrylic Elastomers Market Size, By End-Use Industry, 20152022 (Ton)
Table 61 Rest of Europe: Acrylic Elastomers Market Size, By End-Use Industry, 20152022 (USD Million)
Table 62 RoW: Market Size, By Country, 20152022 (Ton)
Table 63 RoW: Market Size, By Country, 20152022 (USD Million)
Table 64 RoW: Market Size, By End-Use Industry, 20152022 (Ton)
Table 65 RoW: Market Size, By End-Use Industry, 20152022 (USD Million)
Table 66 Brazil: Market Size, By End-Use Industry, 20152022 (Ton)
Table 67 Brazil: Market Size, By Application, 20152022 (USD Million)
Table 68 Others: Market Size, By End-Use Industry, 20152022 (Ton)
Table 69 Others: Market Size, By Application, 20152022 (USD Million)
Table 70 Expansions, 20152017
Table 71 New Product Launches, 20152017
Table 72 Mergers, 20152017
List of Figures (37 Figures)
Figure 1 Acrylic Elastomers Market Segmentation
Figure 2 Acrylic Elastomers Market: Research Design
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Data Triangulation
Figure 6 ACM Expected to Register Higher CAGR During Forecast Period
Figure 7 Automotive Industry Dominates Acrylic Elastomers Market, By Value
Figure 8 Acrylic Elastomers Market Size, By Country, 2016 (USD Million)
Figure 9 Acrylic Elastomers Market Share (Value), By Region, 2016
Figure 10 Automotive Industry to Drive Acrylic Elastomers Market, 2017 vs 2022
Figure 11 Automotive to Be the Fastest-Growing End-Use Industry
Figure 12 China to Be the Largest Market for Acrylic Elastomers in APAC
Figure 13 ACM to Be the Larger Segment
Figure 14 Factors Governing the Acrylic Elastomers Market
Figure 15 Porters Five Force Analysis: Acrylic Elastomers Market
Figure 16 Trends and Forecast of GDP, 20172022 (USD Billion)
Figure 17 Automotive Production in Key Countries, Million Unit (2015 vs 2016)
Figure 18 ACM to Account for the Larger Share of Acrylic Elastomers Market
Figure 19 Automotive to Be the Largest End-Use Industry of Acrylic Elastomers
Figure 20 India, Mexico, and Spain Emerging as Hotspots in the Global Acrylic Elastomers Market, 20172022
Figure 21 North America Snapshot: US Accounted for Largest Market Share in 2016
Figure 22 Automotive Industry to Drive Acrylic Elastomers Market Between 2017 and 2022
Figure 23 Automotive Industry to Lead Acrylic Elastomers Market in RoW
Figure 24 Companies Majorly Adopted the Strategy of Expansions Between 2015 and 2017
Figure 25 Market Ranking of Key Players in 2016
Figure 26 Dowdupont: Company Snapshot
Figure 27 Dowdupont: SWOT Analysis
Figure 28 Zeon Corporation: Company Snapshot
Figure 29 Zeon Corporation: SWOT Analysis
Figure 30 NOK Corporation: Company Snapshot
Figure 31 NOK Corporation: SWOT Analysis
Figure 32 BASF SE: Company Snapshot
Figure 33 BASF SE: SWOT Analysis
Figure 34 Trelleborg AB: Company Snapshot
Figure 35 Trelleborg AB: SWOT Analysis
Figure 36 Kuraray Co., Ltd.: Company Snapshot
Figure 37 Denka Company Limited: Company Snapshot
Growth opportunities and latent adjacency in Acrylic Elastomers Market