Author: Vikas Kumar
12 January 2023
Ethylene Propylene Diene Monomer (EPDM) is a synthetic material obtained from natural gas and thermal cracking petroleum products such as naphtha. Due to its exceptional resilience to environmental elements like UV, ozone, and other weather conditions, EPDM is frequently utilized in low-slope structures, automotive uses, and construction applications. Also, owing to its cheaper cost, greater moldability, and longer durability, EPDM has recently experienced rapid demand from the manufacturing, construction, and automotive industries attributed to its better resistance to tearing, abrasion, solvent, and temperature. Additionally, EPDM can be used in place of silicon rubber in a variety of applications, including hoses, O-rings, accumulator bladders, diaphragms, and connections for wires and cables.
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.
For a detailed analysis of the Global Ethylene Propylene Diene Monomer (EPDM) Market browse through – https://univdatos.com/report/ethylene-propylene-diene-monomer-market/
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.
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.
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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.
Some of the major players operating in the market include 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 Segmentation
Market Insight, by Manufacturing Process
Market Insight, by Application
Market Insight, by Region
Top Company Profiles
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