Ethylene Propylene Diene Monomer (EPDM) Market Forecasts to 2028 – Global Analysis By Raw Material (Additions, Admixture), Design Mix (Combination, Powder, Viscosity Agent), and By Geography
According to Stratistics MRC, the Global Ethylene Propylene Diene Monomer (EPDM) Market is accounted for $2.33 billion in 2020 and is expected to reach $4.71 billion by 2028 growing at a CAGR of 9.2% during the forecast period. The rising call for synthetic rubber in automotive industries and construction is driving the market growth. However, rising environmental concern about volatile organic compounds (VOC) emissions during EPDM production is hampering the growth of the market.
The ethylene propylene diene monomer (EPDM) is a specialty rubber with exclusive performance properties. EPDM elastomers have outstanding ozone and UV resistance and unique weather ability. This high-density synthetic rubber is mainly used in outdoor applications such as waterproofing, geomembranes, and rubber roofing. The automotive industry uses EPDM on a huge scale for typical applications comprising o-rings and gaskets, window & door seals, and radiator & heater hoses.
Based on the application, the lubricant additives segment is going to have lucrative growth during the forecast period. As it is a needed feature of all machines ranging from applications that permit handling of very small parts that move very heavy masses. EPDM is working as a viscosity improver (VI) in lubricants. Its tendency to absorb oil makes it beneficial for use in applications that advance oil viscosity.
By geography, Asia Pacific is going to have high growth during the forecast period, due to the rising population has increased infrastructure spending, motivating the EPDM market in the province, particularly in China and India. Moreover, increasing the automotive industry, mostly in Indonesia, will further propel market growth.
Some of the key players profiled in the Ethylene Propylene Diene Monomer (EPDM) Market include ARLANXEO, Dow, ExxonMobil Corporation, Firestone Building Products Company LLC, Jilin Xingyun Chemical Co. Ltd , Johns Manville, Kumho Polychem, Lion Elastomers, Mitsui Chemicals Inc., PetroChina Company Limited, SK global chemical Co. Ltd, Sumitomo Chemical Co. Ltd, Versalis SpA.
Estimated Market Size in 2020:
USD 2.33 billion
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
USD 4.71 billion
Tables, Graphs & Figures
Product, Manufacturing Process, Application, End User, and Region
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
• Ordinary EPDM
• Modified EPDM
Manufacturing Processes Covered:
• Gas-Phase Polymerization Process
• Slurry/Suspension Process
• Solution Polymerization Process
• Polymer Modification
• Roofing Membranes
• Lubricant Additives
• Heating, Ventilation, and Air Conditioning (HVAC)
• Water System O-Rings and Hoses
• Tubing, Grommets, and Belts
• Electrical Insulations and Stinger Cover
End User Covered:
• Building & Construction
• Consumer Goods
• Electrical & Electronics
• Molded Goods
• Plastic Modification
• Tires & Tubes
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global Ethylene Propylene Diene Monomer (EPDM)Market is majorly driven by the growing automotive industry and increasing per capita spending results in drifting consumer focus towards functional as well as luxurious cars.
The solution polymerization process segment is growing at a highest CAGR owing to versatility in making a wide range of polymers, and is still the most popular choice in the EPDM manufacturing process.
North America market is growing at a highest CAGR due to the factor such as high per capita customers spending along with increasing renovation activities in residential and commercial buildings.
Asia Pacific market is growing at a highest CAGR owing to huge production base of automotive, electronics, and plastics.
Key players in Ethylene Propylene Diene Monomer (EPDM) Market include ARLANXEO, Dow, ExxonMobil Corporation, Firestone Building Products Company LLC, Jilin Xingyun Chemical Co. Ltd, Johns Manville, KumhoPolychem, Lion Elastomers, Mitsui Chemicals Inc, PetroChina Company Limited, SK global chemical Co. Ltd, Sumitomo Chemical Co. Ltd, VersalisSpA.
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