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 United States polyacrylate rubber market. In addition, complete analysis of changes on the United States polyacrylate rubber market expenditure, economic and international policies on supply and demand side. The report also studies the impact of pandemic on United States economies, international trade, business investments, GDP and marketing strategies of key players present in the market. In the United States 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.
United States polyacrylate rubber market is driven by increasing demand for automation in end-use sectors, such as power plants, chemical plants and manufacturing industries. United States polyacrylate rubber market is driven by increasing demand for automation in end-use sectors, such as power plants, chemical plants and manufacturing industries. 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 United States 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 United States 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 United States polyacrylate rubber market comprises of different market segment like source type, end users and application.
The source type studied in the United States 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 United States 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 United States 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).
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 United States polyacrylate rubber market comprises of different market segment like source type, end users, application and geography. The source type studied in the United States 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 United States 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 United States 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.
1) What are the drivers for United States 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 United States 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.
