Global Acrylic Rubber Market (Automobiles & Vehicles - Auto Insurance)

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Item ID 1076150 in Category: Automobiles & Vehicles - Auto Insurance

Global Acrylic Rubber Market

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Global Acrylic Rubber Market was valued at USD xx Mn in 2019 and is expected to reach USD xx Mn by 2027 at a CAGR of 8.1 % over the forecast period 2020-2027.

Global Acrylic Rubber Market

The report covers an in-depth analysis of COVID 19 pandemic impact on Global Acrylic Rubber Market by region and on the key players’ revenue affected till July 2020 and expected short term and long-term impact on the market.

Acrylic Rubber Market overview

Acrylic rubber is a special type of rubber that has special properties as it is excellent resistance to oxidation and oil. It is also known as alkyl acrylate copolymer (ACM) and regional or trade name is HyTemp. The maximum sporadic is 180 degrees celsius and the working temperature limit is 150 degrees Celsius. Besides, it is free from any kind of saturation but also it has magnetic and electrical properties. It has several advantages such as low permeability to gases and resistance to ozone. The rising applications and expansion of automotive are the driving factors that are driving the acrylic rubber market. Expansion and merger of the major key players are increasing the growth of the acrylic rubber market.

Acrylic Rubber Market Dynamics

Expansion of automotive industries, various innovation and technology in the chemical and automobile sectors rising the demand of the acrylic market. Rapid industrialization and smart cities have a positive impact on the acrylic rubber market. The acrylic rubber is majorly used in the automotive industries. The automobile application such as shaft steel, gaskets, adhesive, O-rings, and belting are majorly used in the automotive industries. Thus, manufacturers and key players are investing more in the acrylic rubber market. Besides, it is also used in damping mounts as it has damping properties. The various technological promotional activities and government initiatives to provide subsidiaries are playing a major role in increasing the Acrylic Rubber market worldwide. The manufacturers are more focusing on cost-effective and quality assurance products that can improve profitability. The companies are adding the new product line with process improvement and equipment upgrades.

Target Nation: All Nations
Target City : pune
Last Update : 23 October 2020 9:38 AM
Number of Views: 153
Item  Owner  : aarti
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