The global acrylic elastomer market is valued at US$903.67 million in 2025 and is expected to grow at a compound annual growth rate of 7.21% to reach a market size of US$1,280.527 million in 2030.
Acrylic elastomer is a kind of synthetic rubber that is utilized in adhesives, car components, and shaft seals. In the auto industry and other sectors, acrylic elastomers are mostly utilized as adhesives and for sealing molded flexible components. The extensive range of industries that use these elastomers is bolstered by their resilience to heat, oil, and ozone. ACM and AEM are the two primary forms of acrylic elastomers, which vary in terms of the type of elastomer material they include. Mainly, suspension or emulsion polymerization is used to create acrylic elastomers. It has several uses in the industrial sector due to its heat, oil, and moisture resilience.
The market for acrylic elastomers is rising due to the improvements and innovations in the automobile industry. The automobile industry's use of high-pressure turbocharging and exhaust gas circulation technologies is creating opportunities for the acrylic elastomer market to expand. Since acrylic elastomers are widely utilized in gear shafts, turbo engines, and automotive hoses in the automotive industry, their market value is rising in tandem with advancements in the automotive business. The global market for acrylic elastomers is expanding due to increased industrial sector investments made by economically stable and emerging nations.
Acrylic elastomers are becoming more popular in automotive, industrial, and electronics applications because they comply with environmental regulations and are renowned for their strength and low ecological impact. They will likely become more in demand as regulatory pressure increases internationally, especially in businesses that need high-performance, eco-friendly materials.
There are several uses for acrylic elastomers in the automobile industry. Important automotive applications such as automotive hoses, gear shafts, gaskets, and connectors are developed with the support and help of acrylic elastomers. Further, in 2022, according to the International Energy Agency, the global sales of electric buses and heavy-duty trucks were estimated to be 66,000 and 60,000, respectively. These two segments comprised about 4.5% of total bus sales and 1.2% of total truck sales.
Further, World Trade Organisation (WTO) data indicates that the automobile sector holds a significant market share. The worldwide market demand for acrylic elastomers is being driven by technological advancements and the automotive industry's industrial applications. Acrylic elastomers are becoming necessary in the automobile sector due to technological advancements, such as exhaust gas circulation and high-pressure turbocharging systems.
Moreover, the oil-resistant, water-resistant, and fire-resistant properties showcased by acrylic elastomers result in the wide use and application of acrylic elastomers in the automotive field. The body and interior metal parts of automobiles are also painted and coated with acrylic elastomers, as they resist corrosion and wear and tear. Acrylic elastomers are used to paint and cover metallic parts and connections in automobiles. Therefore, the advancements in electric cars are also driving this market’s growth. Comprehensively, the growth of the automotive field is fuelling the global acrylic elastomers market expansion.
Geographically, the Asia Pacific region is anticipated to show tremendous growth signs in the acrylic elastomer market. The enormous developments showcased by the automobile and industrial sectors of Asia Pacific countries are contributing to this market growth.
Moreover, based on the yearly sales and manufacturing output, China is the largest automotive market in the world. By 2025, it is predicted that 35 million automobiles will be produced in the nation. Data from the Ministry of Industry and Information Technology indicates that in 2021, sales of nearly 26 million vehicles, including 21.48 million passenger vehicles, rose by 7.1% above 2020 levels.
Nonetheless, the North American region is also anticipated to grow significantly in the acrylic elastomers market due to developments in the automotive and industrial sectors. For instance, as of August 2024, manufacturing output moved up to 0.9% as compared to the previous year.
| Report Metric | Details |
|---|---|
| Study Period | 2021 to 2031 |
| Historical Data | 2021 to 2024 |
| Base Year | 2025 |
| Forecast Period | 2026 – 2031 |
| Report Metric | Details |
| Acrylic Elastomer Market Size in 2025 | US$903.67 million |
| Acrylic Elastomer Market Size in 2030 | US$1,280.527 million |
| Growth Rate | CAGR of 4.58% |
| Study Period | 2020 to 2030 |
| Historical Data | 2020 to 2023 |
| Base Year | 2024 |
| Forecast Period | 2025 – 2030 |
| Forecast Unit (Value) | USD Million |
| Segmentation |
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| Geographical Segmentation | North America, South America, Europe, Middle East and Africa, Asia Pacific |
| List of Major Companies in the Acrylic Elastomer Market | |
| Customization Scope | Free report customization with purchase |