Polyacrylate Rubber Market Size

Polyacrylate Rubber Market size is anticipated to reach USD 86 Billion by the end of 2036, growing at a CAGR of 10% during the forecast period i.e., 2024-2036. In the year 2023, the industry size of polyacrylate rubber was over USD 3 Billion. The global market is primarily driven by the growth of the automotive industry and increasing demand for automobiles due to lifestyle changes. This acrylic rubber is primarily used in the automotive industry to add strength to seals and packages. The growing need for oil-resistant materials has also led to the introduction of these rubbers in vehicle seals. In 2022, global car sales increased to approximately 67.2 million cars, up from about 66.7 million in 2021.

Industrialization in several sectors for diverse uses has led to an increase in demand for rubber. As the world's urban population grows, rubber consumption is exploding. In the automotive industry, most of the artificial rubber is used. Its use in electronic devices and components for various devices and industries is also increasing.