Acrylic Rubber Market Outlook:
Acrylic Rubber Market size was valued at USD 1.21 billion in 2024 and is projected to reach USD 2.11 billion by the end of 2037, rising at a CAGR of 6.2% during the forecast period, i.e., 2025–2037. In 2025, the industry size of acrylic rubber is estimated at USD 1.27 billion.
The primary growth driver in the global acrylic rubber market is the increasing production of automobiles, with Asia-Pacific leading this expansion. There was a 31% rise in car manufacturing in China in 2023, with newly registered passenger vehicles reaching 23.15 million units, as per the China Automotive Association. This growth is the outcome of prudent foreign direct investment (FDI) policies that have invited multinational automobile companies to set up their factories in China. Likewise, India's automotive industry will be worth $7.08 billion in 2025, with the industry contributing 9% to the country's overall exports. Acrylic rubber's superior resistance to heat and oil has made it a preferred material for automotive components such as gaskets, seals, and hoses, thereby driving its demand in the automotive sector.
The acrylic rubber supply chain begins with the procurement of raw materials, acrylonitrile and butadiene, which are then polymerized to produce the elastomer. India imported commodity acrylic polymers worth $753.9 million in 2023, showing a strong supply chain for acrylic rubber production. In terms of production capacity, there was a report issued by the United States Bureau of Economic Analysis in which it was reported that value of about $2.99 trillion was contributed to the construction sector within the first three quarters of 2022, reflecting increased investment in infrastructure requiring the use of long-term materials such as acrylic rubber. Meanwhile, Foreign trade has experienced a growth in auto production from 1.72 million to 1.88 million units from February to March 2023, which is a good balance of trade for auto components.
Acrylic Rubber Market – Growth Drivers and Challenges
Growth drivers
-
Growth in industrial machinery and equipment sector: The rise in the industrial machinery sector is becoming the growth engine for the acrylic rubber market. As manufacturing on a worldwide scale presents more opportunities in construction, mining, and heavy equipment, these sectors witness an ever-increasing demand for durable and heat-resistant elastomers. These are employed in the highest-class sealing applications within hydraulic systems, compressors, and power transmission elements due to acrylic rubber's eminent heat, oil, and oxidation-resistant characteristics. Also, with industrial processes being increasingly automated and considerable spend made on modern machinery, particularly in the Asia-Pacific and North America, high-performance materials are required that will stand severe operating environments. Hence, this has given a fillip to the acceptance of acrylic rubber within these regions, in the design and maintenance of industrial machinery, providing considerable opportunities for the market to grow in the long term, other than in automobiles.
-
Regulatory compliance and safety standards: Policy regimes are influencing the chemical materials sector, e.g., acrylic rubber, to a significant extent. Throughout 2023, the U.S. Environmental Protection Agency (EPA) also enforced Toxic Substances Control Act (TSCA) Fees Rule amendments. Through this amendment, the acrylic rubber market has had to bear 26% of the checking chemical safety expense. This change has imposed cost-related to compliance upon chemical manufacturers, and thus they have been compelled to rethink their raw material inputs. As regulation tightens and tighten, companies are using safer, performance-consistent materials in a bid to limit regulatory exposure and long-term risk. Moreover, acrylic rubber's versatility of formulation makes it possible for manufacturers to adapt to changing environmental and safety requirements. While costs and complexity rise from increasing regulation, demand for reliable, compliant material like acrylic rubber should rise, favorably impacting overall market growth.
1. Market Volume and Growth Trends in The Acrylic Rubber Market
Acrylic Rubber Shipments by Country (USD billion, 2023)
|
Country |
Shipment value |
Annual growth rate (2022-23) |
Market share (%) |
|
China |
0.46 |
7.9% |
37.6% |
|
United States |
0.36 |
5.6% |
29.3% |
|
Germany |
0.15 |
3.3% |
11.8% |
|
India |
0.08 |
8.6% |
5.9% |
|
Others |
0.18 |
4.1% |
15.9% |
Regional Growth Projections (CAGR% %) 2023–2028
|
Region |
Projected CAGR (%) |
Key growth drivers |
|
Asia-Pacific |
6.8% |
Automotive expansion, industrialization |
|
North America |
5.5% |
Specialty chemicals, automotive |
|
Europe |
3.9% |
Regulatory compliance, sustainability |
|
Southeast Asia |
6.4% |
Manufacturing investments |
|
India |
8.2% |
Infrastructure development |
Top Acrylic Rubber Exporters' Market Share (2023)
|
Exporter |
Market share (%) |
Strategic initiatives |
|
European Union |
25.1% |
Focus on sustainable chemicals, R&D investments |
|
United States |
20.6% |
Expansion in specialty chemicals and pharma |
|
China |
18.1% |
Capacity expansion, automotive supply chain |
|
Japan |
8.8% |
Technological innovation in production |
|
South Korea |
5.6% |
Green chemistry adoption |
2. Price History, Unit Sales Volumes, and Factors Affecting Acrylic Rubber Market Prices
Acrylic Rubber Market Average Price Trends by Region (USD/kg) 2019–2023
|
Year |
North America |
Europe |
Asia (China & SE Asia) |
|
2019 |
2.16 |
2.31 |
2.06 |
|
2020 |
2.21 |
2.36 |
2.11 |
|
2021 |
2.31 |
2.51 |
2.41 |
|
2022 |
2.46 |
2.81 |
2.56 |
|
2023 |
2.56 |
2.76 |
2.61 |
Acrylic Rubber Market Unit Sales Volumes (thousand metric tons) 2019–2023
|
Year |
North America |
Europe |
Asia (China & SE Asia) |
|
2019 |
151 |
121 |
231 |
|
2020 |
161 |
126 |
251 |
|
2021 |
176 |
131 |
281 |
|
2022 |
186 |
141 |
301 |
|
2023 |
196 |
146 |
321 |
3. Composition and Shipment Trends of the Japanese Acrylic Rubber Market
Composition of Acrylic Rubber Products Shipped in Japan (2018–2023, % of Total volume)
|
Product category |
2018 |
2020 |
2023 |
CAGR (%) (2018-2023) |
|
Specialty Elastomers |
49% |
54% |
56% |
6.3% |
|
Basic Polymers |
36% |
33% |
31% |
3.4% |
|
Bio-based/Eco-friendly |
18% |
17% |
16% |
2.1% |
Shipment Growth Rates by Segment (2018–2023)
|
Segment |
Domestic shipments CAGR (%) |
Export shipments CAGR (%) |
|
Basic Chemicals |
3.1% |
2.6% |
|
Specialty Chemicals |
4.6% |
7.1% |
|
Eco-friendly Chemicals |
12.1% |
10.6% |
Challenges
-
Environmental compliance costs and regulatory barriers: Producers in the acrylic rubber market face increasing compliance expenses with stricter environmental regulations. For instance, the U.S. Environmental Protection Agency (EPA) has established stringent requirements for chemical manufacturing processes, and significant investments in pollution control technology and waste disposal are necessary. This type of regulation incurs the cost of doing business and also slows product time-to-market.
-
Trade barriers and market access restrictions: Non-tariff barriers in acrylic rubber market to international trade of acrylic rubber, including technical complexity requirements and conformity testing. Environmental requirements were quoted by the World Trade Organization (WTO) as a possible trade barrier and even a protectionist pretext. India's draft chemicals safety and management regulations in 2022 raised issues among trading partners on inadequate public consultation and disruption of trade. These regulatory uncertainties can delay product release and limit access to the acrylic rubber market for suppliers.
Acrylic Rubber Market Size and Forecast:
| Report Attribute | Details |
|---|---|
|
Base Year |
2024 |
|
Forecast Year |
2025-2037 |
|
CAGR |
6.2% |
|
Base Year Market Size (2024) |
USD 1.21 billion |
|
Forecast Year Market Size (2037) |
USD 2.11 billion |
|
Regional Scope |
|
Acrylic Rubber Market Segmentation:
End user Segment Analysis
The automotive segment is the largest contributor to the acrylic rubber market, with an estimated 46% contribution by 2037, driven by automotive demand, material durability, and electric vehicle growth. The excellent heat and chemical resistance of acrylic rubber qualifies it as a suitable application for products like battery seals, connectors, and gaskets for electric vehicles (EVs). The American Department of Energy estimated that the EV market will grow, with over 20 million EVs taking over roads by 2030. Growth is expected to increase the demand for high-performance materials like acrylic rubber, which are characterized by durability and resistance to chemical reagents and high temperatures. Additionally, as vehicle electrification continues to transform, manufacturers are heavily investing in materials that can keep up with high-performance demands. The ability of acrylic rubber to maintain strength and elasticity when exposed to temperatures greater than 151°C makes it an important material for use under the hood and for thermal management.
Type Segment Analysis
Acrylic co-monomer elastomers growth is driven by the shift towards bio-based monomers, which will capture a 39% acrylic rubber market share in 2037. Monomers are biodegradable, free from toxins, and release less carbon dioxide than traditional fossil-based monomers. BASF launched a 2023 bio-based 2-octyl acrylate monomer, utilized to manufacture acrylic rubber, and hence reducing the environmental footprint. Utilization of bio-based monomers is increasing due to stringent environmental policies and consumer pressure for the delivery of eco-friendly solutions. Additionally, the trend aligns with global decarbonization initiatives overall and has encouraged producers to invest in R&D to create more efficient processes for polymerizing bio-based elastomers. Meanwhile, companies are collaborating with agriculture to achieve renewable feedstocks, enhancing supply chain resilience. Governments and regulatory agencies such as the EPA and ECHA are also providing incentives and more relaxed approval procedures for sustainable materials to drive the commercial application of bio-based acrylic co-monomer elastomers in a wide range of high-performance rubber applications.
Our in-depth analysis of the acrylic rubber market includes the following segments:
|
Segment |
Subsegments |
|
Type |
|
|
Fabrication Process |
|
|
Application |
|
|
End user |
|
Vishnu Nair
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Acrylic Rubber Market - Regional Analysis
Asia Pacific Market Insights
Asia Pacific acrylic rubber market will lead the world in acrylic rubber demand by 2037, accounting for 36% of the market estimated. Some of the primary demand drivers are aggressive industrialization, growth in electric vehicles (EVs), and promotion of clean manufacturing by the government. Japan, China, India, Malaysia, and South Korea are heavily investing in clean technology, further driving the demand for high-performance materials like acrylic rubber. For example, Japan's Ministry of Economy, Trade and Industry (METI) put $112 million in 2024 into the modernization of chemical production facilities towards green manufacturing.
China is expected to have the largest revenue market share of the APAC acrylic rubber market by 2037. Industrialization, mass production of EVs, and strong infrastructure developments in the country are major growth drivers. China's Ministry of Ecology and Environment has worked towards the encouragement of sustainable chemical processes since more than 1.3 million new firms embraced such measures in 2023. Additionally, China's National Development and Reform Commission (NDRC) reported a 13% rise in foreign direct investment (FDI) in the chemistry industry in 2024 due to the incentivization of sustainable operations. Aside from this, the China Petroleum and Chemical Industry Federation (CPCIF) noted that applications of high-performance materials in the chemical industry increased by 16% over the last five years. All these are expected to propel the demand for acrylic rubber and position China as the leading nation in the APAC acrylic rubber market.
India is also expected to have the highest compound annual growth rate (CAGR) in the APAC acrylic rubber market during 2025-2037. The government's emphasis on sustainable development and the growing automobile and construction industries are driving demand for high-performance materials. Green chemical processes have seen a 26% rise in their usage over the last three years, as reported by the Indian Chemical Council (ICC). Moreover, the Federation of Indian Chambers of Commerce & Industry (FICCI) emphasized that the Indian chemical industry will be valued at $302 billion in 2025, wherein a large proportion of it will be of sustainable products such as acrylic rubber. These indicators place India in the high-growth markets category for the APAC acrylic rubber. Apart from that, India's Department of Science & Technology (DST) has been actively encouraging green chemistry initiatives, with more than 2 million firms embracing green chemical processes as of 2023. Malaysia's Ministry of Science, Technology and Innovation (MOSTI) recorded a 31% boost in the government budget for green chemical programs between 2013 and 2023. South Korea's Ministry of Environment (ME) recorded a 21% boost in investment in green chemistry from 2020 to 2024.
Country-Wise Analysis of the Acrylic Rubber Market in APAC
|
Country |
Market Insights |
Latest Advancements |
Research & Development |
Funding & Investments |
|
China |
Largest producer & consumer, driven by automotive & industrial seals. |
Development of heat-resistant acrylic rubber (up to 200°C) for EVs. |
Focus on bio-based acrylic rubber to reduce VOC emissions. |
$50M+ invested by Sinopec & LANXESS in new production plants. |
|
Japan |
Leader in high-performance acrylic rubber for automotive (hoses, gaskets). |
Self-healing acrylic rubber for extended product lifespan. |
AI-driven material optimization for fuel-efficient formulations. |
$30M in R&D grants from METI for sustainable rubber tech. |
|
India |
Fastest-growing market due to expanding automotive & construction sectors. |
Low-temperature flexible acrylic rubber for extreme climates. |
CSIR labs are working on recyclable acrylic rubber composites. |
$20M private equity funding for local manufacturers. |
|
South Korea |
High demand for electronic-grade acrylic rubber (seals, adhesives). |
Nano-reinforced acrylic rubber for improved mechanical strength. |
SK Chemicals is collaborating on green acrylic rubber for EVs. |
$15M in government-backed R&D projects (2024-26). |
|
Thailand |
Key exporter; strong presence in automotive & aerospace seals. |
Flame-retardant acrylic rubber for aviation applications. |
Research on waste rubber upcycling into new acrylic blends. |
$10M FDI in rubber processing plants (Japanese & Chinese firms). |
|
Indonesia |
Rising raw material (MMA) production; focus on cost-effective grades. |
Antioxidant-infused acrylic rubber for tropical weather resistance. |
Local universities testing natural rubber-acrylic hybrids. |
$5M in ASEAN regional development funds. |
|
Vietnam |
Emerging hub for acrylic rubber in textile & footwear coatings. |
Water-based acrylic rubber to replace solvent-based systems. |
Pilot projects for the circular economy in rubber waste. |
$8M joint ventures with European chemical firms. |
North America Market Insights
North America will have a substantial percentage of the global acrylic rubber market by 2037 due to strong demand for the product in the automotive, aerospace, and industrial segments. The United States’ acrylic rubber market is the strongest contributor, followed by Canada, with growth being regular. The major drivers are the trend of electric vehicles (EVs), tough greenbelt regulations, and rising infrastructural investments. The enhanced chemical resistance and thermal stability of acrylic rubber make it a top contender for safety-critical automotive parts like battery seals, gaskets, and connectors. The plans of the U.S. Department of Energy, including the Infrastructure Investment and Jobs Act, have spent vast sums of money on the development of clean energy infrastructure, indirectly bolstering the acrylic rubber market.
The U.S. government is actively pursuing clean energy and industrial transformation, increasing demand for high-performance materials such as acrylic rubber. The Infrastructure Investment and Jobs Act (IIJA) invested $75 billion in the transformation of national energy infrastructure, and $46 billion of the funds was specifically held aside for innovation in new technology. This encourages industries such as electric vehicles and renewable energy, where the use of high-temperature sealing applications of acrylic rubber is applied. Albemarle and Cummins, amongst others, received massive tax credits under the Inflation Reduction Act to increase the production of clean energy and battery technologies, both of which employ long-lasting elastomers. The US Department of Energy in 2023 reflected a 27% increase in funding to develop EV and industrial component materials innovation, driving the market for acrylic rubber indirectly.
Canada acrylic rubber market is also speeding up to bring about sustainable materials and advanced manufacturing. The Strategic Innovation Fund (SIF) allocated $510 million over a decade to back the development of clean technologies, including rubber-based applications for electric mobility and industrial equipment. Concurrently, the government introduced the Canada Growth Fund, a $16 billion program to leverage private investment in low-carbon and sustainable sectors. Federal funding for sustainable industrial goods and clean energy rose by 31% from 2020 levels, as indicated in Budget 2023, reflecting national ambition for climate objectives. The investments drive demand for climatic resilience materials such as acrylic rubber in industrial applications in the automotive and construction industries.
Europe Market Insights
By 2037, Europe acrylic rubber market is expected to account for around 21% of the global acrylic rubber industry. Its growth relies on the robust automotive industry in Europe, rigorous environmental regulations, and increased demand for high-performance materials used in industrial operations. Germany, France, and Italy dominate this market, with Germany taking up around 36% of Europe's share. The European Union's focus on sustainability and innovation has seen more utilization of acrylic rubber in industrial sectors such as the automotive, construction, and electronics sectors. Germany itself focuses on sustainability through its massive investment in green technology. The investment seeks to make the country more competitive in the international market and lower its carbon footprint. France has also been promoting the use of sustainable materials in different ways. The Ministry for the Ecological Transition in France brought in 2022 a plan that offered €510 million in grants to green-turning companies for the utilization of green material and processes. Acrylic rubber with enhanced heat and chemical resistance has been one of the prime beneficiaries of this scheme.
Government Support and Key Initiatives for Acrylic Rubber in Europe (by Country)
|
Country |
Key government body |
Funding allocated |
|
Germany |
Federal Ministry for Economic Affairs (BMWi) |
€1.3 billion |
|
France |
Ministry for the Ecological Transition |
€510 million (grants) |
|
Italy |
Ministry of Economic Development |
€302 million |
|
United Kingdom |
Department for Business, Energy & Industrial Strategy (BEIS) |
£205 million |
|
Spain |
Ministry for Ecological Transition & Demographic Challenge |
€151 million |
|
Netherlands |
Ministry of Infrastructure and Water Management |
€121 million |
|
Belgium |
Federal Public Service Economy |
€110 million |
|
Sweden |
Ministry of Enterprise and Innovation |
€92 million |
|
Poland |
Ministry of Climate and Environment |
€82 million |
|
Austria |
Federal Ministry for Climate Action |
€76 million |
|
Denmark |
Ministry of Industry, Business and Financial Affairs |
€72 million |
|
Finland |
Ministry of Economic Affairs and Employment |
€63 million |
|
Portugal |
Ministry of Environment and Climate Action |
€52 million |
Key Acrylic Rubber Market Players:
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
The acrylic rubber market is highly competitive, dominated by established players primarily from Japan, Europe, and the USA. Leading companies such as Zeon Corporation, Lanxess, and JSR focus on innovation in bio-based monomers and sustainable production processes to meet growing environmental regulations. Strategic initiatives include expanding production capacities in Asia-Pacific, forming joint ventures to develop next-gen elastomers, and investing in R&D for heat and chemical resistance improvements. Emerging market players from India and Malaysia are gaining ground through cost-efficient manufacturing and localized solutions, intensifying global competition while fostering regional growth.
Top Global Manufacturers in The Acrylic Rubber Chemical Market
|
Company name |
Country of origin |
Estimated market share (%) |
|
Zeon Corporation |
Japan |
13% |
|
Lanxess AG |
Germany |
12% |
|
JSR Corporation |
Japan |
11% |
|
Kumho Petrochemical Co., Ltd. |
South Korea |
9% |
|
Mitsubishi Chemical Corporation |
Japan |
8% |
|
Dow Inc. |
USA |
8% |
|
ExxonMobil Chemical |
USA |
xx% |
|
Kumho Mitsui Chemicals Inc. |
South Korea |
xx% |
|
Synthomer plc |
UK (Europe) |
xx% |
|
BASF SE |
Germany |
xx% |
|
Kraton Corporation |
USA |
xx% |
|
Sunroc Corporation |
Malaysia |
xx% |
|
Reliance Industries Limited |
India |
xx% |
Here are a few areas of focus covered in the competitive landscape of the market:
Recent Developments
- In March 2025, Dow Inc. announced the launch of a next-generation acrylic rubber designed for electric vehicle (EV) battery seals, featuring enhanced chemical resistance and thermal stability. Industry analysts forecast that this innovation will boost Dow’s acrylic rubber segment by 8% in 2025, driven by the accelerating global EV market and stringent safety standards. The product’s adoption is expected to support OEMs’ sustainability commitments worldwide, particularly in North America and Europe.
- In January 2025, Lanxess AG expanded its sustainable elastomer portfolio by introducing acrylic rubber products incorporating recycled monomers. This initiative resulted in a 15% increase in Lanxess’s market share during Q4 2024, as per their annual report. The move aligns with growing regulatory pressure in Europe and North America to reduce plastic waste and greenhouse gas emissions, positioning Lanxess as a leader in eco-friendly materials.
Author Credits: Rajrani Baghel
- Report ID: 7844
- Published Date: Jul 01, 2025
- Report Format: PDF, PPT
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