Pune, India -- (SBWIRE) -- 10/09/2018 -- Regional Analysis:
Asia Pacific is the largest market globally for Acrylic Based Elastomers. As of 2016, the region occupied majority global market shares both in terms of value and volume. This is due to large automotive base, growing construction projects, and economic development in this region. Moreover, China is the major contributor in this region followed by India, owing to the largest automobile manufacturing base. Also, growing construction activities across the region will have positive impact on regional demand of Acrylic Based Elastomers. North America emerged as second largest market for Acrylic Based Elastomers. Growth in automobile industry along with emerging paints and coatings applications in this region have upraised demand for acrylic based elastomers. U.S. and Mexico collectively drives North American market owing to increasing application of acrylic elastomers. Europe stands third in Global Acrylic Based Elastomers Market. European market growth highly credible to presence of major market players such as BASE SE and Arkema S.A. in this region.
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Segmentation:
The Global Acrylic Based Elastomers Market is majorly segmented on the basis of form, end use and region. Market segmentation based on forms of acrylic elastomers includes polyacrylates and ethylene acrylate. Based on end use market has been segmented into automotive, paint and coatings, construction, industrial, textile, plastic composite, adhesives & sealants, paper & paperboard and other.
Geographically, global market has been segmented into North America, APAC, Europe, Latin America, and Middle East & Africa.
Key Players:
Key players of the Global Acrylic Based Elastomers are DuPont (U.S.), BASF SE (Germany), Dow Chemical Company (U.S.), H.B. Fuller (U.S.), Eastman Chemical Company (U.S.), ExxonMobil Corporation (U.S.), ARKEMA (France), and others.
The report about Global Acrylic Based Elastomers MARKET by Market Research Future comprises of extensive primary research along with detail analysis of qualitative as well as quantitative aspects by various industry experts and key opinion leaders to gain a deeper insight of the market and industry performance. The report gives a clear picture of the current market scenario which includes past and estimated future market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report further provides detail information about strategies used by top key players in the industry. It also gives a broad study about different market segments and regions.
Industry/ Innovation/ Related News:
March 2011 –DuPont and Evonik signed a license agreement for accessing Evonik's patented multi-shot 2K molding technology for nylon 6, 6 and nylon 6. The technology enables primeless adhesion of elastomer to plastic, eliminating the adhesives or solvents and pre-treatment processes. The proposed agreement likely to complement technology utilization of both company. As per the industry experts, this agreement likely to result into greater automation along with enhanced quality control.
July 2017- Arkema announced to expand its bio-based thermoplastic elastomers (TPEs) production to double its original capacity with investment of €300 million over the next five years. The expansion is focused on Arkema's amino 11-based Pebax RNew TPEs.
July 2017- Dow Elastomers announced to expands its products and facilities with three new Nordel products and two new production facilities. According to company experts, the new extra-fast-cure (XFC) Nordel grades will enable auto parts manufacturers and brand owners to make higher-performing weatherstrip parts along with satisfying consumer demand for lighter weight, safety and aesthetics. The new grades are Nordel 6555 OE for manufacturing of sponge weatherstrip ,Nordel 6565 XFC EPDM for manufacturing of dense/microdense weatherstrip, and Nordel 6530 XFC for manufacturing of corner injection molds. The Nordel XFC grades are extremely high-quality, low-gel polymers that provide the optimum balance of surface sealing, part strength and improved elastic and compressive properties. With the new XFC grades and advanced molecular catalyst technology, Dow now has as broad a portfolio as possible, serving multiple markets across the globe. According to company experts, the XFC grades is likely to deliver high-end surface finish by providing overall improvement in surface quality; Meet requirements to dampen vibrations, isolate road noise and prevent wear, improve fuel efficiency by reducing weatherstrip weight by up to 15 percent.
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