New York, March, 2022: Axiom Market Research & Consulting™ added a report on global polyacrylate rubber market which includes study on application, end use across various countries of key regions across the globe. The global polyacrylate rubber market was projected to grow at a CAGR of 6.67% for the forecast period 2022 to 2028. The global market is estimated and forecasted in terms of revenue (USD Million) generated by the polyacrylate rubber market.  

The factors such as increased in demand for rubber in various industries and growing demand from automotive industry has helped market to grow in the world. Industrialization has led to the increase in demand for rubber in various industries for various purposes. Owing to rise in population there is an extreme rise in demand for rubber. Artificial rubber is mostly used in the automotive sector.

The report analyses the global polyacrylate rubber industry based on source type, application, end use and geography. Several applications of the industry are segmented into gaskets & seals, O-rings, beltings, adhesives, plastics, engine oils and lubricants, piping, and others (coatings, textiles). The major end use of Polyacrylate rubber is in automotive industries, chemicals & materials industries, packaging industries, consumer goods industries, and other end user. The global Polyacrylate rubber market is studied across various key countries of regions such as, North America, Europe, Asia Pacific and Rest of the World.

The gaskets & seals application segment is expected to dominate the polyacrylate rubber market during the forecast period

The factor contributing in the market growth are the polyacrylate rubber ideally acts as connection between two component or flanges that have flat surfaces while the seals are used between the engine parts, pumps and shafts that rotate. These are used wherever a union or flange is required to prevent leaking. 

In 2021, automotive industry end user accounted for the major market share

Automotive industry is one of the key industries which has emerging demand for various products and material. Different off-road vehicle often need rubber that can often high temperature and high-pressure seals working under aggressive fluids also preventing the dirt and corrosive gases. For example, Datwyler Sealing Solution USA Inc. has specifically engineered O-rings, seals, and other automotive molded rubber products into component and system in the automotive rubber industry.  

Asia Pacific dominated Polyacrylate rubber market in 2021 and is expected to witness the fastest growth in upcoming years

Asia Pacific is expected to witness the fastest growth in upcoming years. Rising automotive industry and increasing vehicle demand due to the changing lifestyle. This acrylic rubber is primarily utilized in the automobile industry to lend strength to seals and packaging. Due to the damping properties of acrylic rubber, it is utilized in vibration damping mounts. Acrylic rubber is also used in automotive transmissions and hoses. Furthermore, the rising demand from end-use industries such as consumer goods and plastics is also expected to stimulate the growth of the polyacrylate rubber market.

Key Players: 

The key competitor of the market includes Ames rubber manufacturing. (United States), Dupont De Nemours Inc (United States), HI- tech polymer (India), Elder Rubber. (United States), GBSA (United States), Dowell Rubber Technology, Co. Inc (China), Specialty Tapes industry. (India), Zeon Corporation (Japan), Vanderbit Chemicals LLC (United States), Unimatec Chemicals (Japan), among others.

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