Dowdupont , Zeon Corporation , BASF SE , NOK Corporation Dominating the Market for Global Acrylic Elastomers Market in 2017

Global Acrylic Elastomers Market is expected to register a significant CAGR in the forecast period 2018 to 2025. The new market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.

Global acrylic elastomers market2

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The global acrylic elastomers market highly concentrated to a few big players and rest to local players who cater to domestic markets only. Acrylic Elastomers market is dominated by Dowdupont accounting for a highest market share in 2017, followed by Zeon Corporation, BASF SE , Nikon Corporation, NOK Corporation and others.

DOWDUPONT:  

Incorporated in 2017 and headquartered in Minland, U.S. DowDuPont is engaged in offering agriculture, materials science and specialty products. The major business segments of the company are packaging & specialty plastics, industrial intermediates & infrastructure, performance materials & coatings, agriculture, electronics & imaging, safety & construction, nutrition & biosciences, transportation & advanced polymers. The acrylic elastomers products are offered in the transportation & advanced polymers business segment. The segment delivers broad range of polymer-based high-performance materials such as elastomers, thermoplastic and thermoset polymers. These products are used in various industries such as healthcare, automobile and others. The company is leading provider of high-performance engineering resins, elastomers, adhesives, lubricants and parts to engineers and designers that are used in automobile, electronics and medical industry.

The company has its geographic presence in Africa, Asia-Pacific, Europe, Middle East and America. The various subsidiaries of the company are Dow Corning (U.S.), Dow Agrosciences (U.S.), Mycogen Seeds (U.S.), Northwest Plant Breeding Company (U.S.) and others.

Recent Development

  • In June 2018, DowDuPont (U.S.) showcased its product under the brand name Vamac Ethylene Acrylic Elastomers at Deutsche Kautschuk-Tagung (DKT) conference held in Nuremberg. In this conference the company showed the need of the solutions for easy processing for component manufacturers. They are used to enhance safety, durability and sustainability for vehicles and buildings.

ZEON CORPORATION

 Founded in 1950 and headquartered in Tokyo, Japan. Zeon Corporation is engaged in manufacturing of the elastomers, specialty materials, and other businesses. The various product categories of the company are transportation, electronics and telecommunications, civil engineering, architecture, housing, lifestyle products and industrial applications. The three major business segment of the company are elastomers business, specialty materials business, and others. The acrylic elastomers products are offered in elastomers business segment which is further segmented into rubber, latex and chemicals. These products are used in various applications such as logistics material, modifiers, industrial chemicals, agriculture, fisheries, mining, chemicals and others. The acrylic elastomers are majorly used in transportation industry.

The company has its geographic presence in Europe, Japan, America and Asia. The various subsidiaries of the company are Tohpe Corporation (Japan), Zeon India Private Limited, Zeon (Shanghai) Co., Ltd., Zeon Chemicals (Thailand) Co., Ltd, Zeon Asia Malaysia Sdn. Bhd., Zeon Kasei Mexico S.A. de C.V. among others.

Recent Development

  • In September 2017, ZEON CORPORATION (Japan) opened its Asia Technical Support Laboratory (ATSL) in the Singapore Science Park. This is company’s fourth technical support base which will respond to the demands of costumers for product testing and propose optimal compositions.

BASF SE

Incorporated in 1865 and headquartered in Ludwigshafen, Germany. BASF SE is focused on manufacturing chemicals, plastics, performance products and crop protection products. The company has five major business segments namely Chemicals, Performance Products, Functional Materials & Solutions, Agricultural Solutions and Oil & Gas. The acrylic elastomers are offered in the performance products business segment of the company. The performance products segment provides various products such as dispersions and pigments, care chemicals, nutrition, and performance chemicals, which are majorly used in pharmaceuticals, personal care products, and cosmetics, as well as hygiene and household products and various others.

The company is active in Europe, North America, Asia Pacific, South America, Africa and Middle East. The various subsidiaries of the company are Wintershall (Germany), Cognis (Germany), BASF Japan, BASF Coatings (Germany), Engelhard (U.S.) among others.

Recent Development

  • In March 2018, BASF SE (Germany) had increased price of polymer dispersions in MIDDLE EAST & AFRICA region by 80 Euros per metric tons. The increase in price was carried out due to continued increase of raw material costs and general expenses.