Ethylene Propylene Diene Monomer (EPDM) Market - Industry Size, Share, Growth & Forecast 2028 | UnivDatos

 

Ethylene Propylene Diene Monomer (EPDM) is a synthetic material obtained from natural gas and thermal cracking petroleum products such as naphtha. EPDM is widely used in low-slope buildings, automotive applications, and construction applications due to their longer durability and superior resistance to environmental factors such as UV, ozone, and other weather condition. In recent times, the EPDM witnessed significant demand due to its increasing demand from the automotive industry, manufacturing & construction industry attributed to its lower cost, higher moldability, and longer durability. Also, the EPDM could be used as an alternative to silicon rubber and could also be incorporated in the hose, O-ring, accumulator bladder, diaphragms, and connectors for wire & cables among many other applications on the account of their higher resistance towards tearing, abrasive, solvent, and temperature.

The Ethylene Propylene Diene Monomer (EPDM) Market is expected to grow at a steady rate of around 8% during the forecast period (2022-2028) owing to the increasing adoption of Ethylene Propylene Diene Monomer (EPDM) in the automotive industries as well as electrical industries for insulation along with non-slip coating for deck and playground. Major companies in the market are focusing to provide Ethylene Propylene Diene Monomers (EPDM)s with technologically advanced features along with product launches, collaboration, and mergers & acquisitions. For instance, in April 2021 Versalis launched a new product for food packaging that is made up of 75% of post-consumer polystyrene. 

𝐓𝐨 𝐆𝐞𝐭 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐟𝐮𝐥 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡, 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐏𝐃𝐅 𝐂𝐨𝐩𝐲 - https://univdatos.com/get-a-free-sample-form-php/?product_id=31683&utm_source=linkedin&utm_medium=himan

According to UnivDatos Market Insights (UMI)’ research report “Global Ethylene Propylene Diene Monomer (EPDM) Market”, the market is expected to witness robust growth during the forecast period (2022-2028). This is mainly due to the growing demand for automotive vehicles along with the increasing use of electronic products.

Based on application, the market is segmented into building & construction, automotive, plastic modification, military & defense, wire & cable, lubricant additive, and others. The automotive industry is expected to witness significant CAGR during the forecast period owing to the increasing automotive vehicle sale coupled with the adoption of EPDM-based products in the vehicle such as rear lamp gaskets, tire sidewalls, front & rear bumper, and inner tire tubes among others. Also, the EPDM-based material has excellent barriers against the road surface, engine vibration, and resistance against the weather such as UV light, acid rain, as well as atmospheric pollution and is expected to support the market growth in the coming time.

Based on the manufacturing process, the market is segmented into solution polymerization process, slurry/suspension process, and gas phase polymerization. The solution polymerization segment is expected to witness significant growth during the forecast period due to the higher concentration and lower required amount for the optimized performance. Additionally, solution polymerization is used to manufacture both crystalline and amorphous polymer grades and is expected to support market growth.

𝐓𝐨 𝐆𝐞𝐭 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐟𝐮𝐥 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡, 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐏𝐃𝐅 𝐂𝐨𝐩𝐲 - https://univdatos.com/get-a-free-sample-form-php/?product_id=31683&utm_source=linkedin&utm_medium=himan

APAC to witness extensive growth

For a better understanding of the market adoption of the Ethylene Propylene Diene Monomer (EPDM) industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. APAC is anticipated to grow at a substantial CAGR during the forecast period. This is mainly due to the rapid industrialization and growing automotive industries along with the electronic & electrical industry, consumer goods industry, and medical sector in the region. Also, the ongoing infrastructural projects and increasing disposable income of the individual are expected to support market growth in the coming time. Furthermore, EPDM has also been used as a substitute for thermoplastic olefins and thermoplastic vulcanizate in the manufacturing industry. Also, the lower cost of the raw material coupled with the lower cost of production associated with the lower labor cost propels the market for the EPDM. Moreover, the growing research & development activities, increasing investment, and technological investment are expected to derive the market in the coming time. For instance, in March 2022, Arlanxeo a Netherland-based firm announced to increase in its production capacity by 15% for its EPDM plant based in Changzhou, China.

According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the Ethylene Propylene Diene Monomer (EPDM) market are DowDuPont Inc., Exxon Mobil Corporation, Lion Elastomers, Johns Manville, SK Global Chemical Co. Ltd, Lanxess AG, Mitsui Chemical Inc., PetroChina Company Limited, Kumho Polychem, and Versalis S.p.A.

“Global Ethylene Propylene Diene Monomer (EPDM) Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors’ capabilities on different parameters. This will help companies in the formulation of go-to-market strategies and identifying the blue ocean for its offerings.      

Market Segmentation:

1.      By Manufacturing Process (Polymerization Process, Slurry/Suspension Process, and Gas Phase Polymerization)

2.      By Application (Building & Construction, Automotive, Plastic Modification, Military & Defense, Wire & Cable, Lubricant Additive, and Others)

3.      By Region (North America, Europe, Asia-Pacific, Rest of the World)

4.      By Company (DowDuPont Inc., Exxon Mobil Corporation, Lion Elastomers, Johns Manville, SK Global Chemical Co. Ltd, Lanxess AG, Mitsui Chemical Inc., PetroChina Company Limited, Kumho Polychem, and Versalis S.p.A.)

Key questions answered in the study:

1.      What are the current and future trends of the global Ethylene Propylene Diene Monomer (EPDM) industry?

2.      How the industry has been evolving in terms of manufacturing process and application?

3.      How the competition has been shaping across the countries followed by their comparative factorial indexing?

4.      What are the key growth drivers and challenges for the global Ethylene Propylene Diene Monomer (EPDM) industry?

5.      What is the customer orientation, purchase behavior, and expectations from the global Ethylene Propylene Diene Monomer (EPDM) suppliers across various region and countries?