[108 Pages Report] The Acrylic Elastomers Market is projected to grow from USD 648.2 million in 2017 to USD 983.9 million by 2022, at a CAGR of 8.7% during the forecast period. Acrylic elastomers are derivatives of acrylic acid and are manufactured by emulsion and suspension polymerization methods. These elastomers possess heat and oil resistance properties and are majorly used in the automotive industry to manufacture hoses, gaskets, seals, and O-rings. Acrylic elastomers are of 2 types, namely, Acrylic Co-Monomer Elastomers (ACM) commonly known as polyacrylates and Ethylene Acrylic Elastomers (AEM).

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Key companies have adopted various inorganic and organic growth strategies, such as new product launches, mergers, and expansions, to strengthen their foothold in the acrylic elastomers market. BASF SE (Germany), DowDuPont (US), Zeon Corporation (Japan), NOK Corporation (Japan), and Trelleborg AB (Sweden) are some of the leading players operating in the acrylic elastomers market.

The automotive end-use industry segment is projected to lead the Acrylic Elastomers Market during the forecast period.

 The automotive end-use industry segment accounted for the largest share of the Acrylic Elastomers Market in 2017. The growth of the automotive end-use industry segment can be attributed to the increasing use of acrylic elastomers to manufacture under-the-hood automotive rubber components, such as O-rings, seals, gaskets, and hoses. Acrylic elastomers are increasingly used in the automotive industry due to its affordable cost and excellent heat and oil resistance properties.

The ACM is the largest and the fastest-growing type segment of the Acrylic Elastomers Market.

 The ACM type segment of the Acrylic Elastomers Market is projected to grow at a high CAGR between 2017 and 2022. The growth of the ACM segment can be attributed to its low-cost as compared to AEM and its high demand in the Asia Pacific region.

 APAC is the fastest-growing regional segment of the Acrylic Elastomers Market.

 The APAC region is the fastest-growing market for acrylic elastomers. The growth of the APAC Acrylic Elastomers Market can be attributed to the increased production of automobiles in countries, such as India, China, and Indonesia. Additionally, the increasing use of acrylic elastomers to manufacture under-the-hood automotive components is expected to drive the growth of the APAC Acrylic Elastomers Market during the forecast period.

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