Polyacrylate Rubber Market Size & Share, by Source (Ethyl Acrylate, Butyl Acrylate, Methoxyethyl Acrylate, Ethoxy Ethyl Acrylate); Application (Gaskets, O-rings, Beltings, Adhesives, Shaft Seals, Plastics, Engine Oils & Lubricants, Piping); End Use Industries (Packaging, Automotive, Consumer Goods, Chemicals & Material) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 5601
  • Published Date: Feb 05, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

Polyacrylate Rubber Market size is anticipated to reach USD 86 Billion by the end of 2036, growing at a CAGR of 10% during the forecast period i.e., 2024-2036. In the year 2023, the industry size of polyacrylate rubber was over USD 3 Billion. The global market is primarily driven by the growth of the automotive industry and increasing demand for automobiles due to lifestyle changes. This acrylic rubber is primarily used in the automotive industry to add strength to seals and packages. The growing need for oil-resistant materials has also led to the introduction of these rubbers in vehicle seals. In 2022, global car sales increased to approximately 67.2 million cars, up from about 66.7 million in 2021.

Industrialization in several sectors for diverse uses has led to an increase in demand for rubber. As the world's urban population grows, rubber consumption is exploding. In the automotive industry, most of the artificial rubber is used. Its use in electronic devices and components for various devices and industries is also increasing.


Polyacrylate Rubber Market
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Polyacrylate Rubber Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

~10%

Base Year Market Size (2023)

~USD 3 billion

Forecast Year Market Size (2036)

~USD 86 billion

Regional Synopsis

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Polyacrylate Rubber Market: Growth Factor and Challenges

Market-Growth-Drivers

Growth Factors

  • Rising Demand in End User Industries - Industrialization has increased the demand for rubber in various industries and for various purposes. With the increase in population, the demand for rubber has increased tremendously. Artificial rubber is mainly used in the automotive field. Due to population growth, infrastructure, and construction activities are also increasing. Other areas are also seeing an increase in electronic devices and sealants across a variety of industries. As a result of industrialization for various uses in different industries, the consumption of rubber has increased. As urban populations around the world increase, rubber consumption is rapidly increasing. Its use in electronic devices and components for various devices and industries is also increasing.
  • Focus on Energy Efficiency - The demand for energy-efficient vehicles and machinery is on the rise, promoting the use of polyacrylate rubber for reducing frictional losses and improving overall efficiency.

Challenges

  • Shifting OEM Landscape - As OEMs look to develop alternative powertrain technologies, suppliers will provide an increasing portion of value-added content per vehicle. Additionally, OEMs need to ensure that their suppliers' production sites, especially in emerging markets, meet future market requirements and their own production plans.
  • Fluctuating Raw Material Prices is Set to Hinder the Polyacrylate Rubber Market Growth in the Upcoming Period
  • Limited Market Awareness is Poised to Hamper the Market Expansion During the Projected Period


Polyacrylate Rubber Segmentation

End Use Industries (Packaging, Automotive, Consumer Goods, Chemicals & Material)

Based on end user industries, the automotive segment is set to dominate the polyacrylate rubber market registering a growth of 40% by the end of 2036. Technological advances and new research and development initiatives are transforming the automotive industry. According to the World Automobile Manufacturers Association, automakers around the world spent more than USD 125 billion on research and development in 2018. Consumers around the world are divided on the benefits of improved vehicle connectivity, with Indian and Chinese consumers twice as likely to embrace the idea as German consumers. Around 80% of Indians believe that improved connectivity in vehicles would be beneficial. The global automotive sector has recovered as industrial activities resumed after being temporarily shut down due to the coronavirus disease (COVID-19). Therefore, the prosperity of the automotive industry is likely to propel the growth of the market.

Source (Ethyl Acrylate, Butyl Acrylate, Methoxyethyl Acrylate, Ethoxy Ethyl Acrylate)

In terms of sources, the ethyl acrylate segment in the polyacrylate rubber market is anticipated to hold the largest revenue share of 40% during the time period between 2024-2036. This growth is primarily due to the increasing demand for rubber in various applications such as coatings, textiles, seals, adhesives, plastics, engine oils lubricants, and piping. Due to its excellent properties such as good heat resistance, oxygen resistance, and ozone resistance, ethyl acrylate rubber is increasingly preferred over other types of rubber. This is predicted to boost the segment growth during the period between 2024 – 2036.

Our in-depth analysis of the global polyacrylate rubber market includes the following segments:

     Source

  • Ethyl Acrylate
  • Butyl Acrylate
  •  Methoxyethyl Acrylate
  •  Ethoxy Ethyl Acrylate

     Application

  • Gaskets
  • O-rings
  • Beltings
  • Adhesives
  • Shaft Seals
  • Plastics
  • Engine Oils & Lubricants
  • Piping

     End Use Industries

  • Packaging
  • Automotive
  • Consumer Goods
  •  Chemicals & Material

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Polyacrylate Rubber Industry - Regional Synopsis

APAC Market Forecasts

The Asia Pacific region is set to dominate the polyacrylate rubber market reaching a growth of 33% during the estimated period. The growth of this market can be attributed on account of expansion in the automotive industry in this region. According to the China Automobile Association, car production increased by 30% in 2018, and the number of new passenger car registrations increased by 23.14 million units. This growth is due to FDI policies that have favored China's automobile industry and attracted many established foreign brands to invest in the automobile industry. Major factors such as economic growth and continued high infrastructure spending are driving sales of heavy-duty trucks and commercial vehicles in the APAC region. This had a positive impact on the Asia Pacific polyacrylate rubber market.  This also affected demand and supply chains, limiting growth in 2020.

North American Market Statistics

The polyacrylate rubber market in the North America region is expected to grow significantly during the period between 2024-2036. The North America region is considered one of the key markets for polyacrylate rubber due to the increasing demand for materials for sealing and packaging applications in various end-use industries. The US polyacrylate rubber market is expected to offer significant opportunities due to strong growth in industries such as automotive, textiles, and paints and coatings due to its many applications in textiles, adhesives, and coatings. Increasing demand for industrial packaging and sealing applications is also another factor driving the growth of the North American market.

Research Nester
Polyacrylate Rubber Market Size
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Companies Dominating the Polyacrylate Rubber Landscape

top-features-companies
    • Dupont
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Jet Rubber Inc.
    • Continental AG
    • Zhongce Rubber Group
    • Cheng Shin Rubber Industry Co.
    • CANADA SILICONE INC.
    • Lummus Technology
    • Specialty Tapes Manufacturing
    • REDCO
    • Sreeji Trading Company

In-the-news

In The News

  • Trinseo acquired the assets of Latex Binder and its Rheinmünster location in Germany. This acquisition will accelerate growth through an expanded product portfolio in adhesives and architectural applications.
  • Lummus Technology, a global provider of process technology and value-based energy solutions, has signed an agreement with Air Liquide Engineering  to license and commercialize its ester-grade acrylic acid technology and light and heavy acrylate process technology. They announced that it has signed a contract with And Construction.  This addition expands Lummus' portfolio of propylene production and derivative products, offering customers more choice between upstream and downstream operations.

Author Credits:  Smruti Ranjan, Rajrani Baghel


  • Report ID: 5601
  • Published Date: Feb 05, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The growing demand in automotive sector and increasing demand in end user industry are some of the major factors anticipated to drive the growth of the polyacrylate rubber market.

The market is anticipated to attain a CAGR of ~10% over the forecast period, i.e., 2024-2036.

The major players in the market are of Continental AG, Zhongce Rubber Group, Cheng Shin Rubber Industry Co., CANADA SILICONE INC., Lummus Technology, Specialty Tapes Manufacturing, REDCO, Sreeji Trading Company, and others.

The automotive segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in Asia Pacific is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
Polyacrylate Rubber Market Report Scope
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