Global Acrylic Ethylene Rubber (AEM) Market Outlook to 2027
Acrylic Ethylene Rubber or AEM is an ethylene-methyl acrylate polymer with small monomers containing carboxylic acid groups, making AEM resistant to heat, chemicals, ozone, and oil with oil excellent resistance to lubricating oils and greases. According to BlueQuark Research & Consulting, the global Acrylic Ethylene Rubber market is expected to witness a significant growth rate during the forecasted period. Factors like the increasing use of Acrylic Ethylene Rubber in the automotive industry as under the hood component where there is constant contact with oils and corrosive chemicals, which are expected to drive the demand of Acrylic Ethylene Rubber market in the forecasted period. Further, the usage of Acrylic Ethylene Rubber in the electronics and electrical industry for cable insulation and jacketing is expected to drive the global Acrylic Ethylene Rubber market in the forecasted period. Furthermore, the usage of Acrylic Ethylene Rubber in the industrial sector to handle burning fuels and corrosive chemicals is predicted to drive the global Acrylic Ethylene Rubber market. However, factors like substitutes and various raw material processes are anticipated to hinder the global market growth in the forecasted period.
Acrylic Ethylene Rubber manufactures components such as fuel injection systems, O-rings, seals, turbochargers, oil shifters, pistons, cable covers, coolant systems, etc. It is also worn in several end-use industries like automobile, electronics, electrical, and industrial.
The Automobile industry is the leading consumer of Acrylic Ethylene Rubber and is projected to propel the global Acrylic Ethylene Rubber market. The increasing population and rapid urbanization are some of the reasons behind the increased sales of vehicles, especially in countries like India and China. IBEF stated that automobile production in India grew at 2.36% CAGR between 2016 and 2020 until 26.36 million cars were produced in the country in 2020. The demand to handle oils hot and corrosive fluids in automobiles has made Acrylic Ethylene Rubber essential in the automobile sector due to its inert properties towards oils and corrosive chemicals. According to the International Organizations of Motor Vehicle Producers, 2021 saw about 21 million vehicles produced in the first three months, a 17% yearly increase. Since Acrylic Ethylene Rubber is worn for components common to electric and Conventional automobiles, its use in the automotive industry is predicted to increase significantly. Apart from this, higher consumption of acrylic elastomers in turbocharged engines, along with the extension of the automotive sector in developing countries, is significantly contributing to the increased growth of the global Acrylic Elastomers Market. Change in product demand and an increase in investments by the developing countries are awaited to create the potential for business enlargement as acrylic elastomers like advantages such as excellent heat and oil resistance have made their most preferred choice for under-the-hood automotive applications. Therefore increased application of acrylic elastomers in several end-user industries such as automobile and industrial sectors have positively influenced the growth of the Acrylic Ethylene Rubber market.
The Asia-Pacific region is awaited to be the leader in Acrylic Ethylene Rubber production, with most of the usage in China and India. Acrylic Ethylene Rubber has a huge scope of application in the automotive industry in under-the-hood applications, which has followed in a surge in demand from the region. Moreover, China is the extensive base for automobile production worldwide, with hundreds of automobiles produced daily. China not only satisfies its domestic demand but also caters to international demand. The China Association of Automobile Manufacturer (CAAM) reported that vehicle sales in China are predicted to hit about 27 million in 2021, up by 6.7 percent. Aside from the growing automobile industry in the region, countries such as Japan, China, and South Korea are among the most substantial electronic and electrical goods manufacturers, thus adding to the demand for Acrylic Ethylene Rubber (AEM) in the region worn for insulating components. The advanced properties of Acrylic elastomers in respect to the conventional elastomers and the rise in the use of acrylic elastomers in the turbocharged engine are the significant factors enhancing the Acrylic Elastomers market. Acrylic elastomers possess high chemical resistance, tensile strength, thermal stability, low shrinkage, and greater design flexibility. Therefore, they are preferred in several end-use industries. High prices of Acrylic Ethylene Rubber (AEM) are prompting original equipment manufacturers to opt for thermoplastics. This is a significant challenge facing the acrylic elastomers market. Further, with many industries approaching in the area, the need for Acrylic Ethylene Rubber is surging since it can transport corrosive chemicals without any devaluing. These factors have made the Asia Pacific a vital scope for the Acrylic Ethylene Rubber market.
Some of the global market's key players areDIC Corporation,Solvay SA,Toray Industries,Celanese Corporation,SK Chemicals.
In August 2021,BASF SEand SINOPEC announced expanding their Verbund site, a 50-50 joint venture operated by BASF-YPC Co. Ltd. In Nanjing, China.
In August 2021,Mitsubishi Chemicalsplanned to invest USD 915 Million to set up a plastics plant in the United States.
In March 2021,SK Chemicalsigned for a joint venture with the Chinese company Zhejiang Satellite to build a 40,000tonne/year ethylene acrylic acid plant in Lianyungang in Eastern China.
Global Acrylic Ethylene Rubber Market report provides deep insight into the Industrial market's current and future state across various regions. The study comprehensively analyses the Acrylic Ethylene Rubber market by segmenting based on the Type (20 wt% Comonomer, nine wt% Comonomer, five wt% Comonomer), End-User Industry (Automobile, Electronics, and Electrical, Industrial, Others), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The report examines the market drivers and restraints and the impact of Covid-19 on the market growth in detail. The study covers emerging market trends, developments, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with prominent companies and profiles, including their market shares and projects.
Acrylic Ethylene Rubber manufactures components such as fuel injection systems, O-rings, seals, turbochargers, oil shifters, pistons, cable covers, coolant systems, etc. It is also worn in several end-use industries like automobile, electronics, electrical, and industrial.
The Automobile industry is the leading consumer of Acrylic Ethylene Rubber and is projected to propel the global Acrylic Ethylene Rubber market. The increasing population and rapid urbanization are some of the reasons behind the increased sales of vehicles, especially in countries like India and China. IBEF stated that automobile production in India grew at 2.36% CAGR between 2016 and 2020 until 26.36 million cars were produced in the country in 2020. The demand to handle oils hot and corrosive fluids in automobiles has made Acrylic Ethylene Rubber essential in the automobile sector due to its inert properties towards oils and corrosive chemicals. According to the International Organizations of Motor Vehicle Producers, 2021 saw about 21 million vehicles produced in the first three months, a 17% yearly increase. Since Acrylic Ethylene Rubber is worn for components common to electric and Conventional automobiles, its use in the automotive industry is predicted to increase significantly. Apart from this, higher consumption of acrylic elastomers in turbocharged engines, along with the extension of the automotive sector in developing countries, is significantly contributing to the increased growth of the global Acrylic Elastomers Market. Change in product demand and an increase in investments by the developing countries are awaited to create the potential for business enlargement as acrylic elastomers like advantages such as excellent heat and oil resistance have made their most preferred choice for under-the-hood automotive applications. Therefore increased application of acrylic elastomers in several end-user industries such as automobile and industrial sectors have positively influenced the growth of the Acrylic Ethylene Rubber market.
The Asia-Pacific region is awaited to be the leader in Acrylic Ethylene Rubber production, with most of the usage in China and India. Acrylic Ethylene Rubber has a huge scope of application in the automotive industry in under-the-hood applications, which has followed in a surge in demand from the region. Moreover, China is the extensive base for automobile production worldwide, with hundreds of automobiles produced daily. China not only satisfies its domestic demand but also caters to international demand. The China Association of Automobile Manufacturer (CAAM) reported that vehicle sales in China are predicted to hit about 27 million in 2021, up by 6.7 percent. Aside from the growing automobile industry in the region, countries such as Japan, China, and South Korea are among the most substantial electronic and electrical goods manufacturers, thus adding to the demand for Acrylic Ethylene Rubber (AEM) in the region worn for insulating components. The advanced properties of Acrylic elastomers in respect to the conventional elastomers and the rise in the use of acrylic elastomers in the turbocharged engine are the significant factors enhancing the Acrylic Elastomers market. Acrylic elastomers possess high chemical resistance, tensile strength, thermal stability, low shrinkage, and greater design flexibility. Therefore, they are preferred in several end-use industries. High prices of Acrylic Ethylene Rubber (AEM) are prompting original equipment manufacturers to opt for thermoplastics. This is a significant challenge facing the acrylic elastomers market. Further, with many industries approaching in the area, the need for Acrylic Ethylene Rubber is surging since it can transport corrosive chemicals without any devaluing. These factors have made the Asia Pacific a vital scope for the Acrylic Ethylene Rubber market.
Some of the global market's key players areDIC Corporation,Solvay SA,Toray Industries,Celanese Corporation,SK Chemicals.
In August 2021,BASF SEand SINOPEC announced expanding their Verbund site, a 50-50 joint venture operated by BASF-YPC Co. Ltd. In Nanjing, China.
In August 2021,Mitsubishi Chemicalsplanned to invest USD 915 Million to set up a plastics plant in the United States.
In March 2021,SK Chemicalsigned for a joint venture with the Chinese company Zhejiang Satellite to build a 40,000tonne/year ethylene acrylic acid plant in Lianyungang in Eastern China.
Global Acrylic Ethylene Rubber Market report provides deep insight into the Industrial market's current and future state across various regions. The study comprehensively analyses the Acrylic Ethylene Rubber market by segmenting based on the Type (20 wt% Comonomer, nine wt% Comonomer, five wt% Comonomer), End-User Industry (Automobile, Electronics, and Electrical, Industrial, Others), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The report examines the market drivers and restraints and the impact of Covid-19 on the market growth in detail. The study covers emerging market trends, developments, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with prominent companies and profiles, including their market shares and projects.
1. Executive Summary
2. Research Scope and Methodology
2.1 Aim & Objective of the study
2.2 Market Definition
2.3 Study Information
2.4 General Study Assumptions
2.5 Research Phases
3. Market Analysis
3.1 Introduction
3.2 Market Dynamics
3.2.1 Drivers
3.2.2 Restraints
3.3 Market Trends & Developments
3.4 Market Opportunities
3.5 Regulatory Policies
3.6 Analysis of Covid-19 Impact
4. Industry Analysis
4.1 Supply Chain Analysis
4.2 Porter's Five Forces Analysis
4.2.1 Competition in the Industry
4.2.2 Potential of New Entrants into the Industry
4.2.3 Bargaining Power of Suppliers
4.2.4 Bargaining Power of Consumers
4.2.5 Threat of substitute products
5. Market Segmentation & Forecast
5.1 By Type
5.1.1 20 wt % Comonomer
5.1.2 9 wt % Comonomer
5.1.3 5 wt % Comonomer
5.2 By End-user Industry
5.2.1 Automotive
5.2.2 Electrical and Electronics
5.2.3 Industrial
5.2.4 Others
6. Regional Market Analysis
6.1 North America
6.1.1 United States
6.1.2 Canada
6.1.3 Mexico
6.2 Europe
6.2.1 Germany
6.2.2 United Kingdom
6.2.3 Italy
6.2.4 France
6.2.5 Spain
6.2.6 Rest of Europe
6.3 Asia-Pacific
6.3.1 China
6.3.2 India
6.3.3 Japan
6.3.4 South Korea
6.3.5 Rest of Asia-Pacific
6.4 South America
6.4.1 Brazil
6.4.2 Argentina
6.4.3 Rest of South America
6.5 Middle East & Africa
6.5.1 South Africa
6.5.2 Saudi Arabia
6.5.3 Rest of Middle East & Africa
7. Key Company Profiles
7.1
DuPont de Nemours, Inc.
7.2
Synthos SA
7.3
Zeon Chemicals
7.4
NOK Corporation
7.5 Trelleborg AB
7.6
Hoffmann Group
7.7
Rado Gummi GmbH
7.8
Minnesota Rubber & Plastics
7.9
HEXPOL Compounding
7.10
The Harboro Rubber Co., Ltd.
* List of companies is not exhaustive
8. Competitive Landscape
8.1 List of Notable Players in the Market
8.2 M&A, JV, and Agreements
8.3 Market Share Analysis
8.4 Strategies of Key Players
9. Conclusions and Recommendations
2. Research Scope and Methodology
2.1 Aim & Objective of the study
2.2 Market Definition
2.3 Study Information
2.4 General Study Assumptions
2.5 Research Phases
3. Market Analysis
3.1 Introduction
3.2 Market Dynamics
3.2.1 Drivers
3.2.2 Restraints
3.3 Market Trends & Developments
3.4 Market Opportunities
3.5 Regulatory Policies
3.6 Analysis of Covid-19 Impact
4. Industry Analysis
4.1 Supply Chain Analysis
4.2 Porter's Five Forces Analysis
4.2.1 Competition in the Industry
4.2.2 Potential of New Entrants into the Industry
4.2.3 Bargaining Power of Suppliers
4.2.4 Bargaining Power of Consumers
4.2.5 Threat of substitute products
5. Market Segmentation & Forecast
5.1 By Type
5.1.1 20 wt % Comonomer
5.1.2 9 wt % Comonomer
5.1.3 5 wt % Comonomer
5.2 By End-user Industry
5.2.1 Automotive
5.2.2 Electrical and Electronics
5.2.3 Industrial
5.2.4 Others
6. Regional Market Analysis
6.1 North America
6.1.1 United States
6.1.2 Canada
6.1.3 Mexico
6.2 Europe
6.2.1 Germany
6.2.2 United Kingdom
6.2.3 Italy
6.2.4 France
6.2.5 Spain
6.2.6 Rest of Europe
6.3 Asia-Pacific
6.3.1 China
6.3.2 India
6.3.3 Japan
6.3.4 South Korea
6.3.5 Rest of Asia-Pacific
6.4 South America
6.4.1 Brazil
6.4.2 Argentina
6.4.3 Rest of South America
6.5 Middle East & Africa
6.5.1 South Africa
6.5.2 Saudi Arabia
6.5.3 Rest of Middle East & Africa
7. Key Company Profiles
7.1
DuPont de Nemours, Inc.
7.2
Synthos SA
7.3
Zeon Chemicals
7.4
NOK Corporation
7.5 Trelleborg AB
7.6
Hoffmann Group
7.7
Rado Gummi GmbH
7.8
Minnesota Rubber & Plastics
7.9
HEXPOL Compounding
7.10
The Harboro Rubber Co., Ltd.
* List of companies is not exhaustive
8. Competitive Landscape
8.1 List of Notable Players in the Market
8.2 M&A, JV, and Agreements
8.3 Market Share Analysis
8.4 Strategies of Key Players
9. Conclusions and Recommendations
LIST OF TABLES
Global Acrylic Ethylene Rubber (AEM) Market Size, Market Growth & Market Forecast Revenue (in million), 2017-2027
North America Acrylic Ethylene Rubber (AEM) Market Size, Market Growth & Market Forecast Revenue (in million), 2017-2027
United States Acrylic Ethylene Rubber (AEM) Market Size, Market Growth & Market Forecast Revenue (in million), 2017-2027
Canada Acrylic Ethylene Rubber (AEM) Market Size, Market Growth & Market Forecast Revenue (in million), 2017-2027
Mexico Acrylic Ethylene Rubber (AEM) Market Size, Market Growth & Market Forecast Revenue (in million), 2017-2027
Europe Acrylic Ethylene Rubber (AEM) Market Size, Market Growth & Market Forecast Revenue (in million), 2017-2027
United Kingdom Acrylic Ethylene Rubber (AEM) Market Size, Market Growth & Market Forecast Revenue (in million), 2017-2027
Germany Acrylic Ethylene Rubber (AEM) Market Size, Market Growth & Market Forecast Revenue (in million), 2017-2027
Italy Acrylic Ethylene Rubber (AEM) Market Size, Market Growth & Market Forecast Revenue (in million), 2017-2027
France Acrylic Ethylene Rubber (AEM) Market Size, Market Growth & Market Forecast Revenue (in million), 2017-2027
Other Supporting Charts
Rest of Europe Acrylic Ethylene Rubber (AEM) Market Size, Market Growth & Market Forecast Revenue (in million), 2017-2027
South America Acrylic Ethylene Rubber (AEM) Market Size, Market Growth & Market Forecast Revenue (in million), 2017-2027
Brazil Acrylic Ethylene Rubber (AEM) Market Size, Market Growth & Market Forecast Revenue (in million), 2017-2027
Argentina Acrylic Ethylene Rubber (AEM) Market Size, Market Growth & Market Forecast Revenue (in million), 2017-2027
Rest of South America Acrylic Ethylene Rubber (AEM) Market Size, Market Growth & Market Forecast Revenue (in million), 2017-2027
Asia-Pacific Acrylic Ethylene Rubber (AEM) Market Size, Market Growth & Market Forecast Revenue (in million), 2017-2027
China Acrylic Ethylene Rubber (AEM) Market Size, Market Growth & Market Forecast Revenue (in million), 2017-2027
India Acrylic Ethylene Rubber (AEM) Market Size, Market Growth & Market Forecast Revenue (in million), 2017-2027
Japan Acrylic Ethylene Rubber (AEM) Market Size, Market Growth & Market Forecast Revenue (in million), 2017-2027
South Korea Acrylic Ethylene Rubber (AEM) Market Size, Market Growth & Market Forecast Revenue (in million), 2017-2027
Rest of Asia-Pacific Acrylic Ethylene Rubber (AEM) Market Size, Market Growth & Market Forecast Revenue (in million), 2017-2027
Middle East & Africa Acrylic Ethylene Rubber (AEM) Market Size, Market Growth & Market Forecast Revenue (in million), 2017-2027
Saudi Arabia Acrylic Ethylene Rubber (AEM) Market Size, Market Growth & Market Forecast Revenue (in million), 2017-2027
South Africa Acrylic Ethylene Rubber (AEM) Market Size, Market Growth & Market Forecast Revenue (in million), 2017-2027
Rest of Middle-East & Africa Acrylic Ethylene Rubber (AEM) Market Size, Market Growth & Market Forecast Revenue (in million), 2017-2027
Global Acrylic Ethylene Rubber (AEM) Market Size, Market Growth & Market Forecast Revenue (in million), 2017-2027
North America Acrylic Ethylene Rubber (AEM) Market Size, Market Growth & Market Forecast Revenue (in million), 2017-2027
United States Acrylic Ethylene Rubber (AEM) Market Size, Market Growth & Market Forecast Revenue (in million), 2017-2027
Canada Acrylic Ethylene Rubber (AEM) Market Size, Market Growth & Market Forecast Revenue (in million), 2017-2027
Mexico Acrylic Ethylene Rubber (AEM) Market Size, Market Growth & Market Forecast Revenue (in million), 2017-2027
Europe Acrylic Ethylene Rubber (AEM) Market Size, Market Growth & Market Forecast Revenue (in million), 2017-2027
United Kingdom Acrylic Ethylene Rubber (AEM) Market Size, Market Growth & Market Forecast Revenue (in million), 2017-2027
Germany Acrylic Ethylene Rubber (AEM) Market Size, Market Growth & Market Forecast Revenue (in million), 2017-2027
Italy Acrylic Ethylene Rubber (AEM) Market Size, Market Growth & Market Forecast Revenue (in million), 2017-2027
France Acrylic Ethylene Rubber (AEM) Market Size, Market Growth & Market Forecast Revenue (in million), 2017-2027
Other Supporting Charts
Rest of Europe Acrylic Ethylene Rubber (AEM) Market Size, Market Growth & Market Forecast Revenue (in million), 2017-2027
South America Acrylic Ethylene Rubber (AEM) Market Size, Market Growth & Market Forecast Revenue (in million), 2017-2027
Brazil Acrylic Ethylene Rubber (AEM) Market Size, Market Growth & Market Forecast Revenue (in million), 2017-2027
Argentina Acrylic Ethylene Rubber (AEM) Market Size, Market Growth & Market Forecast Revenue (in million), 2017-2027
Rest of South America Acrylic Ethylene Rubber (AEM) Market Size, Market Growth & Market Forecast Revenue (in million), 2017-2027
Asia-Pacific Acrylic Ethylene Rubber (AEM) Market Size, Market Growth & Market Forecast Revenue (in million), 2017-2027
China Acrylic Ethylene Rubber (AEM) Market Size, Market Growth & Market Forecast Revenue (in million), 2017-2027
India Acrylic Ethylene Rubber (AEM) Market Size, Market Growth & Market Forecast Revenue (in million), 2017-2027
Japan Acrylic Ethylene Rubber (AEM) Market Size, Market Growth & Market Forecast Revenue (in million), 2017-2027
South Korea Acrylic Ethylene Rubber (AEM) Market Size, Market Growth & Market Forecast Revenue (in million), 2017-2027
Rest of Asia-Pacific Acrylic Ethylene Rubber (AEM) Market Size, Market Growth & Market Forecast Revenue (in million), 2017-2027
Middle East & Africa Acrylic Ethylene Rubber (AEM) Market Size, Market Growth & Market Forecast Revenue (in million), 2017-2027
Saudi Arabia Acrylic Ethylene Rubber (AEM) Market Size, Market Growth & Market Forecast Revenue (in million), 2017-2027
South Africa Acrylic Ethylene Rubber (AEM) Market Size, Market Growth & Market Forecast Revenue (in million), 2017-2027
Rest of Middle-East & Africa Acrylic Ethylene Rubber (AEM) Market Size, Market Growth & Market Forecast Revenue (in million), 2017-2027
