The exclusive COVID-19 impact analysis report by Axiom MRC provides a 360 degree analysis of micro and macro-economic factors on the Asia Pacific polyacrylate rubber market. In addition, complete analysis of changes on the Asia Pacific polyacrylate rubber market expenditure, economic and international policies on supply and demand side. The report also studies the impact of pandemic on Asia Pacific economies, international trade, business investments, GDP and marketing strategies of key players present in the market. In the Asia Pacific 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.
Asia Pacific polyacrylate rubber market is driven by increasing demand for various industries, such as power plants, chemical plants and manufacturing industries. 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. Owing to rise in the population, there is also rise in infrastructure and construction activities. Moreover, use in electronic equipment and for components in numerous equipment and industries is also on the increase. In the same way, polyacrylate rubber is also becoming popular in a variety of applications comprising coatings, textiles, seals and gaskets, adhesives, plastics, motor oils and lubricants, pipelines and other.
The Asia Pacific 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 Asia Pacific 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 Asia Pacific polyacrylate rubber market comprises of different market segment like Source Type, End Users, Application and Geography.
The source type studied in the Asia Pacific polyacrylate rubber market are ethyl acrylate, butyl acrylate, methoxyethyl acrylate, and ethoxy ethyl acrylate. Butyl acrylate is anticipated to witness growth with positive outcomes. Construction, automobile and adhesive are some of the major consumers of butyl acrylate accounting for majority of global demand for market. The better availability of products at different pricing range across the globe has certainly contributed in the growth of polyacrylate rubber market. Besides, butyl acrylate is also used in adhesive and as a polymeric plasticizer for harder resins. It can be specifically used to balance as such key properties as hardness and softness, tackiness, low temperature flexibility, strength and durability and among other features.
The Asia Pacific 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. With the special resistance to hot oil, automatic transmission and type A power steering fluids, the greatest use of polyacrylate is found in number of automotive manufactures where O-ring of this material are employed to seal component of automatic transmission and power steering system.
The Asia Pacific 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 chemical and material industry has increasing demand for polyacrylate rubber market as number of polyacrylate, any of number of synthetic resins are produced by polymerization of acrylic esters. Forming plastic material of notable clarity and flexibility under certain method, the polyacrylate are employed primarily in paints and other surface coating, in adhesives and in textile.
Geographically, the Asia Pacific polyacrylate rubber market is studied across the countries of the China, Japan, India, and Rest of Asia Pacific. The China dominates the Asia Pacific polyacrylate rubber market. China emerged as the dominant consumer in Asia Pacific polyacrylate rubber market. Rising production of polyacrylate rubber coupled with the increasing automotive industries, is the driving factors in China. Because of the regions thriving automotive sector, Asia Pacific, particularly China, is also likely to contribute considerably to the total market. Other key markets for this rubber in the region include Japan, South Korea, India and the ASEAN countries.
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 Asia Pacific polyacrylate rubber market comprises of different market segment like source type, end users, application and country. The source type studied in the Asia Pacific 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 Asia Pacific 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 Asia Pacific 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 Asia Pacific polyacrylate rubber market is studied across the countries of the US, Canada, and Mexico. The US dominates the Asia Pacific polyacrylate rubber market.
1) What are the drivers for Asia Pacific 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 Asia Pacific 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)?
China is expected to gain major market share during the forecast period (2022-2028).