Overview

Ethylene Propylene Diene Monomer (EPDM) Market Introduction

EPDM market to value over USD 7.4 billion by 2027 end and register a CAGR of over 6.1% from 2020 to 2027.

The market is essentially influenced by increasing demand for bio-based products and R&D investments in the field. High demand for ethylene propylene diene monomer (EPDM), is due to developing end-use industries like automotive and construction, and the growth of these industries is also propelling the market growth. Increasing expenditure on construction and infrastructure development by federal governments due to the growing population along with rapid urbanization and industrialization in developing economies will also support market growth.

Thus, growing construction activities, particularly in China and India, are expected to augment the market due to employment in infrastructure and construction applications. However, EPDM is expected to witness the maximum demand from the automotive application segment on account of their non-reflective and premium-quality finish. EPDM can also be used in electrical cable joints and roofing membranes as it does not pollute the runoff rainwater, thereby improving the efficiency of rainwater harvesting. All these factors together are creating lucrative growth opportunities for the global market.

Significant highlights

●     The Asia Pacific was the dominant regional market and is anticipated to expand further at the highest CAGR during the forecast period

●     China is among the fastest-growing countries in the market on account of the availability of potential growth opportunities for the manufacturers

●     Rapidly expanding automotive sector in China is also contributing to the growth of the global EPDM market

●     Extensive R&D activities for the development of bio-based products have led to the creation of several improved grades, which is expected to create lucrative growth opportunities for the EPDM market in the near future

Major market firms are:

LANXESS AG, ExxonMobil Chemical Company, Kumho Polychem, Mitsui Chemicals, The Dow Chemical Company, and Lion Copolymer LLC held a major market share. These firms adopt various strategies to expand their market and grow their business.

In 2015, Lanxess started production of EPDM at its new plant at Changzhou in the Jiangsu province of China. The new plant, with 160,000 tons of annual production capacity, is located in Changzhou Yangtze Riverside Industrial Park. The plant produces ten premium grades of EPDM, tailored to the requirements of customers in Asia, especially China.

Ethylene Propylene Diene Monomer (EPDM) Market Segmentation:

By Application

●     Automotive

●     Wires & Cables

●     Plastic Modifications

●     Lubricant Additives

●     Tires & Tubes

●     Building & Construction

●     Others

By Region

●      Europe

●      North America

●      APAC

●      Latin America

●      Rest of World

Competitive Landscape:

●      Tier 1 players- established companies in the market with a major market share

●      Tier 2 players

●      Emerging players which are growing rapidly

●      New Entrants 

FutureWise Takeaways

●      Growth prospects

●      SWOT analysis

●      Key trends

●      Key data points affecting market growth

Objectives of the Study:

●     To provide an exhaustive analysis on the global EPDM market by application and by region

●      To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)

●      To evaluate and forecast micro-markets and the overall market

●      To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America, and the rest of the world

●      To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions

●      Profiling of companies to evaluate their market shares, strategies, financials and core competencies

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