Polyacrylate Rubber Market Share

APAC Market Forecasts

The Asia Pacific region is set to dominate the polyacrylate rubber market reaching a growth of 33% during the estimated period. The growth of this market can be attributed on account of expansion in the automotive industry in this region. According to the China Automobile Association, car production increased by 30% in 2018, and the number of new passenger car registrations increased by 23.14 million units. This growth is due to FDI policies that have favored China's automobile industry and attracted many established foreign brands to invest in the automobile industry. Major factors such as economic growth and continued high infrastructure spending are driving sales of heavy-duty trucks and commercial vehicles in the APAC region. This had a positive impact on the Asia Pacific polyacrylate rubber market.  This also affected demand and supply chains, limiting growth in 2020.

North American Market Statistics

The polyacrylate rubber market in the North America region is expected to grow significantly during the period between 2024-2036. The North America region is considered one of the key markets for polyacrylate rubber due to the increasing demand for materials for sealing and packaging applications in various end-use industries. The US polyacrylate rubber market is expected to offer significant opportunities due to strong growth in industries such as automotive, textiles, and paints and coatings due to its many applications in textiles, adhesives, and coatings. Increasing demand for industrial packaging and sealing applications is also another factor driving the growth of the North American market.