Acrylic Based Elastomers Market Revenue, Business Opportunity, Global Industry Forecast And Updated Key player by-2023

10/ott/2019 11:35:18 Tejas Amale Contatta l'autore

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Acrylic Based Elastomers Market - Overview:

Acrylic Elastomers are the Acrylic Acid based polymers, commonly known as plastics. Market Research Future (MRFR) has published a research report on the global acrylic based market that anticipates advancement for this market between 2016 and 2023. Analyzing the market structure, this report evaluates the future growth potential of the market. This is the strategy for the development of key players in the market and following the competitive developments in the market, such as current government regulatory requirements, joint ventures, new product developments, mergers and acquisitions, patents and technologies, research and developments.

The global acrylic based elastomers market is growing primarily due to the qualities of these elastomers. They have greater design flexibility, higher chemical resistance, high thermal stability, low shrinkage, and tensile strength. That is why their preference is increasing in end-use industries. Their demand is growing because of their increasing coatings and paints application.

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The global acrylic based elastomers market has been segmented on the basis of end use, form, and region. By end use, this market has been segmented into adhesives & sealants, automotive, construction, industrial, paint & coatings, paper & paperboard, plastic composite, textile, and other. The form-based segmentation of the market segments it into ethylene acrylate and polyacrylates.

The regional segmentation of the global acrylic based industries. Asia Pacific is the largest regional market for acrylic based elastomers. This is two to the large automotive base, economic development, and growing construction projects, in this region. Two of the largest automobile manufacturing base in this region, China is the major contributor to this region followed by India. Also, two to growing construction activities across the region, the regional demand for Acrylic-Based Elastomers increases.  

North America emerged as the second largest market, and is expected to hold its spot two to growth in the automobile industry. The emerging paints and coatings applications in this region have increased the demand for acrylic based elastomers. The United States of America (USA) and Mexico collectively drive the North American market because, in these countries, the application of acrylic elastomers is increasing. In Texas, DowDuPont Inc. is set to spend around $ 100 in the next two years to expand production of specialty plastic materials at its site in Orange, Texas. This investment aims to meet growing demand from the packaging and transportation markets. The firm's Sabine River Works plant in Orange employs 900 people. DuPont opened this plant in 1946.

Europe is the third largest market because of many key players in the industry based in Europe. The strongest economies in Europe that have the potential to be the ideal market for acrylic based elastomers are France, Germany, and the United Kingdom (UK). Latin America is not as big market as North America is two of a lack of technological advancement and lower for capita income, but it is a significant market. The strongest economies in Latin America are Argentina and Brazil which have the potential to be suitable markets. In the MEA region, the market is limited. The common factors of growth in a region are lack of awareness, lack of education, lack of technological development, and political instability.

Key Players

The key players in the Global Acrylic Based Elastomers Market - Arkema (France), BASF SE (Germany), Dow Chemical Company (USA), DuPont (USA), Eastman Chemical Company (USA), ExxonMobil Corporation (USA), and HB Fuller (USA).

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