Axiom MRC has updated all it's market research reports with the Economic Impact Analysis of COVID19 Pandemic on the market. Our team of analyst are following Comprehensive Three Dimensional (3D) Research Methodology along with large number primary interviews with key industry participants to bring insightful market reports to meet the current market requirements.
The exclusive COVID-19 impact analysis report by Axiom MRC provides a 360 degree analysis of micro and macro-economic factors on the North America polyacrylate rubber market. In addition, complete analysis of changes on the North America polyacrylate rubber market expenditure, economic and international policies on supply and demand side. The report also studies the impact of pandemic on North America economies, international trade, business investments, GDP and marketing strategies of key players present in the market. In the North America polyacrylate rubber market was more or less affected due to COVID-19. The market has specifically witnessed the declining sales in 2020 mainly due to impact of COVID-19. The supply was disrupted due to lockdown which was imposed by various government and labor shortage in these industries due to travel restrictions which has affected the polyacrylate rubber market. However, post pandemic and in 2021, the market has specifically witnessed the recovery.
North America polyacrylate rubber market is driven by increasing demand for automation in end-use sectors, such as power plants, chemical plants and manufacturing industries. The U.S. EPA’s Air, Climate, and Energy research program has developed a research initiative to survey both O3 and NO2 low-cost sensors. As a part of the research program, the U.S. EPA works in collaboration with developers to evaluate the characteristics of such sensors. Favorable government regulations to maintain the quality of food have increased the adoption of dry bulk measurement sensors in the food processing industry. The U.S. brought Food Safety Modernization Act (FSMA) into law in 2011, which aims at ensuring the safe supply and preventing contamination of the food. The act has authorized the Food and Drug Administration (FDA) to regulate the process through which the food is grown and stored. It also establishes a mandated inspection frequency based on the risk involved in food facilities and requires certain food testing to be carried out by accredited laboratories to meet high-quality standards.
The North America polyacrylate rubber market is expected to witness increasing new growth opportunities for market with growing demand from automotive industry. Polyacrylate rubber is in higher demand than ever before, owing to rising automobile manufacturing and the necessity for long-lasting and high-performance components. The demand for long-lasting and high-performance components. The demand for this material is projected to boost significantly owing to the growing demand for reduced fuel consumption and increased combustion temperature in the engine compartment.
The disadvantages of acrylic rubber comprise low resistance to moisture, acids, and bases. These limitations restrict the use of acrylic rubber in some applications, thereby hampering the demand for the product. The other disadvantages of polyacrylic rubber comprises not applicable to brake fluid, no low temperature resistance, not suitable for phosphate esters and automotive transmission system and power system seals.
The major growth challenge for the market is availability of substitutes. Natural rubber is also a type of elastomer, an organic compound and an isoprene polymer derived directly from nature. As of 2019, 13,804 million tons of natural rubber were produced across the region, and exports expects that number to increase. Compared to the long, randomized polymer chain in synthetic elastomers, natural rubber consists of loosely joined, tangled isoprene monomers that can be pulled apart and altered but will still revert to their original shape when the force is removed. Natural rubber is softer than synthetic rubber and other elastomers, making it better for things such as anti-vibration components, springs and bearings, adhesive materials, automotive parts and medical tubing etc.
The report provides in-depth analysis of North America polyacrylate rubber market, market size, and compound annual growth rate (CAGR) for the forecast period of 2022-2028, considering 2021 as the base year. With increasing demand for various polyacrylate rubber in various applications has led the increasing demand for market and is expected to witness the growth at a specific CAGR from 2022-2028.
The North America polyacrylate rubber market comprises of different market segment like Source Type, End Users, Application and Country.
The source type studied in the North America polyacrylate rubber market are ethyl acrylate, butyl acrylate, methoxyethyl acrylate, and ethoxy ethyl acrylate. Butyl acrylate is anticipated to witness growth with positive outcomes. The butyl acrylate mostly offers number of properties like mechanical strength, flexibility, durability, moisture resistance, UV resistance, crosslinking sites, and can be copolymerized with other acrylates. It is mostly used as a raw material for various application. Butyl acrylate also polymerized with other monomers to acquire the required hardness toughness, low temperature properties such as durability, flexibility and strength. Likewise, methoxyethyl acrylate, ethoxy ethyl acrylate, and others are contributing healthy growth in the market.
The North America polyacrylate rubber market finds its major application in gaskets & seals, O-rings, beltings, adhesives, plastics, engine oils and lubricants, piping, and others (coatings, textiles). The O-rings is expected to hold second position in application market. The driving factor for the growth of o rings are these are mostly designed to be seated in a groove and compressed during the assembly between two or more parts creating a seal at the interface. And o- rings are primarily used for sealing. Also, O-ring seal is used to prevent the loss of fluid or gas. Likewise, beltings, adhesives, plastics, engine oils and lubricants, piping and others (coatings, textiles) is expected to contribute healthy growth in the market during the estimated time period (2022-2028).
The North America polyacrylate rubber market finds its major end user in automotive industries, chemicals & materials industries, packaging industries, consumer goods industries. The chemicals & materials followed by packaging, and consumer goods are likely to witness driving demand for market during the forecast period. The wide range of source type available in market and increasing requirement in these end users is expected to contribute healthy growth for the market during the projection period (2022-2028).
Geographically, the North America polyacrylate rubber market is studied across the countries of the US, Canada, and Mexico. The US dominates the North America polyacrylate rubber market. The automotive industry is one of the end users of polyacrylate rubber market, in United States. The United States has one of the largest automotive markets in the world. In 2018, U.S. light vehicle sales reached 17.2 million units, the fourth straight year in which sales reached or surpassed 17 million units. Overall, the United States is the world’s second-largest market for vehicle sales and production. Polyacrylate rubber compounds have been used for a number of years for manufacturing oil seals used in current high performance automotive engines.
The competitive landscape analysis of polyacrylate rubber market is certainly based range of market players operating in the material and equipment market with increasing demand for production of polyacrylate rubber. Besides, number of market players offered wide range of products for different application in various geographic locations. The market has major competitive analysis based on new product launches as well as other developments.
The key players studied in market are Ames rubber manufacturing., Dupont De Nemours Inc, HI- tech polymer, Elder Rubber., GBSA, Dowell Rubber Technology, Co. Inc, Specialty Tapes industry., Zeon Corporation, Vanderbit Chemicals LLC, Unimatec Chemicals, among others.
August 2018: Zeon announced to establish a new subsidiary in Thailand for Acrylic Rubber manufacture and sale. The Thailand operation joins Zeon’s existing Acrylic Rubber manufacturing capabilities in Japan and USA.
Acrylic rubber are unsaturated polar rubbers that display very good swelling resistance in non-polar oils and also in oils that contain sulfur substances. As they do not have unsaturated bond, they have good oxygen, heat, and ozone resistance. This specialty rubber is resistant to ozone and has very low permeability to gases. The North America polyacrylate rubber market comprises of different market segment like source type, end users, application and country. The source type studied in the North America polyacrylate rubber market are ethyl acrylate, butyl acrylate, methoxyethyl acrylate, and ethoxy ethyl acrylate. Butyl acrylate is anticipated to witness growth with positive outcomes. The North America polyacrylate rubber market finds its major application in gaskets & seals, O-rings, beltings, adhesives, plastics, engine oils and lubricants, piping, and others (coatings, textiles). The O-rings is expected to hold second position in application market. The North America polyacrylate rubber market finds its major end user in automotive industries, chemicals & materials industries, packaging industries, consumer goods industries. The chemicals & materials followed by packaging, and consumer goods are likely to witness driving demand for market during the forecast period. Geographically, the North America polyacrylate rubber market is studied across the countries of the US, Canada, and Mexico. The US dominates the North America polyacrylate rubber market.
1) What are the drivers for North America polyacrylate rubber market?
The key driving factors of the market are increasing demand for various end use industries, and surging adoption in automotive industry.
2) Which is the leading application segment for North America polyacrylate rubber market?
Gaskets & Seals has accounted the major market share, and is expected to witness the growth at highest pace during the forecast period.
3) Which country is gaining majority of market share during the forecast period (2022-2028)?
United States is expected to gain major market share during the forecast period (2022-2028).
