Ethylene Propylene Diene Monomer(EPDM) Market Size, Share & Industry Analysis By Application (Automotive, Building & Construction, Wires & Cables, Rubber, Lubriucant Additives, Other) and Regional Forecast, 2024-2032
KEY INDUSTRY INSIGHTS
Ethylene Propylene Diene Monomer (EPDM) is a type of synthetic monomer having saturated chain of polyethylene type. It is made by cross-linking propylene, ethylene, and a diene comonomer. EPDM is compatible to fireproof Hydraulic fluids, alkalis, water and ketones. It exhibits exceptional resistance to heat, electricity, steam, ozone and climatic conditions. It is available in various range of molecular weight which can be achieved by varying the levels of constituent content.
Rising demand from automotive sector for hoses, sealing, mechanical goods, brake parts, wipers, windshields and other application is driving the market. Additionally, use of EPDM as lubricant additive, roofing material and waterproofing is boosting the market. Most of the EPDM manufacturers are partnering with automotive producers in order to produce noise reduced cars.
Key Market Driver -
Increasing automotive industry shall drive the EPDM market.
Key Market Restraint -
Rising environmental concerns may hinder the market growth.
However, the rising environmental concerns regarding the emissions of VOC’s during the manufacturing process of EPDM is likely to hinder the market growth.
Market Segmentation:
Based on application, the market is segmented into automotive, wires & cables, rubber, building & construction, lubricant additives and others. From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Key Players Covered:
The global EPDM market share is fragmented and competitive with a number of global & regional players operating. Some of the key players includes ExxonMobil, Mitsui Chemicals, Lanxess, PetroChina, The Dow Company and Others.
Key Insights
- New Advancements in Production Technologies
- Key Trends in the Ethylene Propylene Diene Monomer (EPDM) market
- New Product Launches, Expansions, Key Players
- Ranking of Key Players in the Market
Regional Analysis:
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The market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is the largest market for EPDM attributed to the large number of manufacturers present in the region. Additionally, lower cost of labour and easy availability of raw material is expected to drive the market. Europe is estimated to be the second-largest market for EPDM due to the rising automotive sector. North America is expected to show moderate growth accredited to the rising construction sector. Latin America and Middle East & Africa is estimated to show slow growth due to the lack of disclosure to benefits of EPDM.
Segmentation
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Ethylene Propylene Diene Monomer (EPDM) Industry Developments
- In May 2018, Mitsui strengthened its sales efforts to boost the sales of the heat-resistant EPDM rubber.
- In July 2015, ExxonMobil developed a new approach to formulate Vistalon EPDM compounds for automotive applications. The technology is alleged to reduce the density of sponge and optimize sealing & ozone resistance.
- Ongoing
- 2023
- 2019-2022
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