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Acrylic rubber or alkyl acrylate copolymer (ACM) has excellent resistance against oxidants and hot oils. It is a terpolymer or copolymer of ethyl acrylate and other acrylates. It consists of a small amount of a vulcanization-supporting monomer. It is acquired by completely originated emulsion suspension polymerization or by polymerization. Curing is performed by utilizing fatty acid soaps, peroxides, and diamines.
Business Research Insights states that the acrylic rubber market size was USD 882.4 million in 2020 and is expected to reach USD 1,521.3 million by 2026 at a CAGR of 8.0% during the forecast period. The increasing demand for these rubbers from the automotive, manufacturing, and industrial sectors is expected to bolster the market growth in the coming years. Also, the rising awareness regarding harmful emissions and increasing product availability are anticipated to propel growth.
Properties of Acrylic Rubber:
The major properties of these rubber are subjective to the ester groups' chemical structure and the comonomer’s constitution. ACM is not water-resistant, steam-resistant, and fuel-resistant. Some of the key properties of ACM are:
- High hot air, weather, and ozone resistance.
- Reasonable strength.
- Average rebound resilience.
- Truncated elasticity.
- Poor low-temperature performance.
- Moderate resistance to fuels.
- High resistance to mineral oils.
- Thermal stability from -30°C to +150°C up to +160°C for short periods.
Lack of Raw Material Supplies Amid Pandemic Hampered Industrial Growth
The outbreak of COVID-19 pandemic created a huge impact on industrial growth due to the global decline in the product demand. Several governments imposed stringent restrictions on transportation and raw material supplies as the national borders were closed. Disrupted supply chains and revised import/export policies hampered the companies' production rate and overall business performance. Furthermore, the closure of national borders affected the working cycle of employees and affected their performance due to the adoption of remote work culture.
The key players operating in this industry focus on implementing various business growth strategies. These strategies include partnering up with supporting organizations and globalizing their brand. Also, the companies focus on adopting recent technologies and following ongoing trends to improve their business performance by designing and developing new products. These strategies allow leading companies to enhance their product portfolio and propel growth.
Below Mentioned are the Profiles of 3 Leading Companies Operating in the Industry:
1. ZEON Corporation
ZEON Chemicals L.P. is a subsidiary owned by ZEON Corporation. The company was established on 12th April 1950. Its headquarters are located in Tokyo, Japan. ZEON is a leading specialty elastomer, polymers, and specialty chemicals company. The company majorly focuses on the manufacturing and deployment activities of these chemicals globally.
2. NOK Corporation
NOK Corporation was established in 1939 and is headquartered in Tokyo, Japan. The company offers various products to the global market such as seal products, industrial rubber/resin products, vibration & sound isolators, electronic products, industrial functional products & special products, functional membranes, and office automation equipment. The company operates in several business verticals to serve the global market.
3. Haiba Co. Ltd.
Haiba Co. Ltd. is headquartered in Taiwan, China. The company's vision is customer satisfaction through efficient and reliable services. Haiba provides chemicals to several industries for designing and developing desired products. The company provides its products and services globally to propel growth and globalize its brand.
High Adoption of Acrylic Rubber by Several Industries
Industrialization has resulted in rising demand for rubber in diverse industries for distinctive purposes. Artificial rubber is used in the automobile sector. Due to the upward thrust in the population, there may be an additional rise in infrastructure and production activities, resulting in an intense upward thrust in demand for rubber. Acrylic rubber is predominantly used for automobile packaging and seals to feature strength to automobile parts. In addition, because of its damp resistance property, acrylic rubber is applied in vibration damping mounts. It is also utilized in automobile hoses and transmissions. Moreover, the growing demand from end-user industries, including patron items and plastics, is likewise anticipated to stimulate the market.