This ethylene propylene diene monomer (EPDM) market report analyzes the competitive development such as expansions, agreements, new product launches and acquisition of the market. It strategically profiles the key players and comprehensively analyze their growth strategies. This ethylene propylene diene monomer (EPDM) market report identify the significant trends and factors driving or inhibiting the market growth. It defines, describe and forecast the market by type, product, application and region. It analyzes the opportunities in the market for stakeholders by identifying the high growth segments.
This ethylene propylene diene monomer (EPDM) market report includes different market forecast related to market size, production, revenue, consumption, CAGR, gross margin, price and other key factors. This ethylene propylene diene monomer (EPDM) market research report is prepared with use of industry best primary and secondary research methodologies and tools. The growing demand for the market in well-established and developing regions, the increasing penetration of the end user industries and the latest technological developments are all together driving growth of the market.
Data Bridge Market Research analyses that the ethylene propylene diene monomer (EPDM) market is expected to undergo a CAGR of 5.60% during the forecast period. This indicates that the market value, which was USD 4.40 billion in 2021, would rocket up to USD 6.80 billion by 2029.
Definition
Ethylene diene monomer is a copolymer of ethylene, propylene, and a small quantity of non-conjugated diene monomers that offer cross-linking sites for vulcanization. It is an elastomer which is characterized by an extensive range of applications. Furthermore, EPDM is highly suitable for application in gaskets, electrical insulation and lamination. This material is high resistance to tearing, solvents, temperatures and abrasives. It has excellent elasticity at high and low temperatures and has good resistance to common ketones, diluted acids, and alkaline and superb electrical insulating properties.
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Key Growth Drivers:
- Several industrial applications
The market scope of ethylene propylene diene monomer (EPDM) is continuously increasing with the evolving end-users industries such as healthcare, automotive, electronics and other. Moreover, ethylene propylene diene monomer (EPDM)s have several industrial applications such as industrial and energy, medical, microelectronics, cutting tools, waterproof covering and others which are expected to drive the growth of the ethylene propylene diene monomer (EPDM) market during the forecast period.
- Growing demand of ethylene propylene diene monomer (EPDM) in construction sector
Ethylene propylene monomer rubber is very demanding because it is extremely resilient to puncture or penetration, unaffected by UV light ozone, acid rain, or atmospheric pollution. It is unlike most bituminous materials, as it does not crack, degrade, or turn brittle after long periods of exposure to harsh weather. Installation of EPDM on roofs has proven its longevity in temperate zones, Artic conditions, and tropical climates. Thus, EPDM coatings deliver long lasting waterproof roofs.
Furthermore, highly volatile prices of natural rubber is a major factor for shifting the attention of consumers toward synthetic rubber such as EPDM which acts as a major driving factor for the growth of EPDM (Ethylene Propylene Diene Monomer) market, also they are extensively used in the civil engineering sector in applications such as expansion joints, mounting structures, bridge bearings, pipe couplings among others, are also some major factors which are expected to drive the growth of the market swiftly.
The report emphasizes the participation of key entities, notably:
- DuPont (U.S.)
- Exxon Mobil Corporation (U.S.)
- Lanxess (Germany)
- Mitsui Chemicals, Inc (Japan)
- Sumitomo chemical co. Ltd (japan)
- SK geo centric Co., Ltd. (South Korea)
- china petrochemical corporation (China)
- Johns Manville. (U.S.)
- Berkshire Hathaway Inc.(U.S.)
- JSR Corporation (Japan)
- KUMHO POLYCHEM (South Korea)
- Lion Elastomers (U.S)
- PJSC "Nizhnekamskneftekhim’’ (Russia)
- American Rubber (U.S.)
- Rotadyne Tools Pvt. Ltd. (India)
- American Urethane, (U.S.)
- Argonics, Inc. (U.S.)
- Griffith Rubber Mills (U.S.)
- HINDUSTAN RUBBER INDUSTRIES (India)
Major Points in the Report
- Understanding the entirety of the ethylene propylene diene monomer (EPDM) marketlandscape thoroughly.
- Exploring the leading entities in this sector, delving into their range of products and core approaches.
- Examining the prominent geographical areas where ethylene propylene diene monomer (EPDM) marketdemonstrates significant growth.
- Keeping abreast of the latest shifts and advancements within the industry.
- Identifying specific areas or markets with high potential and promising expansion opportunities.
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Key Market Segmentation
By Application (Automotive, Building and Construction, Tires and Tubes, Wires and Cables, Lubricant Additives), Type (Solution Polymerization, Suspension Polymerization), End User (Automotive, Aerospace and Defence, Consumer goods, Building and Construction, Medical, Electronic and Electrical)
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