The global EPDM (Ethylene Propylene Diene Monomer) market size was worth around USD 4.71 Billion in 2023 and is predicted to grow to around USD 7.75 Billion by 2032 with a compound annual growth rate (CAGR) of roughly 5.70% between 2024 and 2032.
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Growth Factors in the EPDM (Ethylene Propylene Diene Monomer) Market
The global EPDM (Ethylene Propylene Diene Monomer) market is anticipated to experience significant development in the future as a result of the thriving automotive industry in numerous regions worldwide. EPDM (Ethylene Propylene Diene Monomer) is a synthetic rubber that is versatile and can be employed in a variety of applications. Ethylene, propylene, and a diene comonomer are the components of EPDM. It is compatible with polar substances, including heated and cold water, ketones, alkalis, and fireproof hydraulic fluids. EPDM is frequently employed in the production of window seals, door seals, trunk seals, and hood seals in automobiles. EPDM is highly resistant to solvents, abrasives, extreme temperatures, and shredding. EPDM is capable of being completed to a particularly smooth surface and possesses exceptional elasticity at temperatures that are both extremely high and low.
EPDM is employed in a variety of industries, including automotive, lubricant additives, wires and cables, plastic modification, tires and tubing, and building and construction. The global EPDM (Ethylene Propylene Diene Monomer) market is anticipated to be further stimulated by the rising domestic consumption of EPDM in China and the increasing use of EPDM for plastic modification applications over the forecast time period. The global EPDM (Ethylene Propylene Diene Monomer) market is expected to experience new growth opportunities in the coming years as a result of the increasing demand for EPDM from the Asia Pacific region.
An analysis of Porter’s Five Forces model and a competitive landscape have been incorporated into this report to provide users with a comprehensive understanding of the EPDM (Ethylene Propylene Diene Monomer) market. The research includes a market attractiveness analysis, which evaluates the market size, growth rate, and general attractiveness of all segments.
An analysis of company market share is provided in the report to provide a more comprehensive understanding of the primary market participants. Furthermore, the report addresses the market’s critical strategic developments, such as acquisitions and mergers, new product launches, agreements, partnerships, collaborations and joint ventures, research and development, and regional expansion of major market participants on a global and regional scale.
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The Global EPDM (Ethylene Propylene Diene Monomer) Market is segmented based on product, application and region
Global EPDM (Ethylene Propylene Diene Monomer) Market: Product Segment Analysis
● Solution Polymerization EPDM
● Suspension Polymerization EPDM
Global EPDM (Ethylene Propylene Diene Monomer) Market: Application Segment Analysis
● Automotive Industry
● Building & Construction
● Wires & Cables
● Electrical & Electronics
● Lubricant Additives
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The Global EPDM (Ethylene Propylene Diene Monomer) market profiles key players such as:
● ExxonMobil Chemical
● PetroChina
● SK Global Chemical
● Mitsui Chemicals
● Carlisle Companies
● Dow Elastomers
● John Manville
● JSR Corporation
● Lanxess
● Kumho Polychem
The historical and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa is included in the regional segment.
Over the forecast period, the Asia Pacific region is anticipated to maintain a significant portion of the global EPDM (Ethylene Propylene Diene Monomer) market. The Asia Pacific EPDM (Ethylene Propylene Diene Monomer) market is anticipated to be driven by China. This market is being significantly stimulated by the region’s thriving automotive industry. India and Malaysia are anticipated to be the primary countries that contribute to the expansion of this market.
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