Ethylene Propylene Diene Monomer (EPDM) Market: Current Analysis and Forecast (2022-2028)

Report Description

Global Ethylene Propylene Diene Monomer Market is expected to grow at a significant rate of around 8% during the forecast period. 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. Furthermore, EPDM could be used under extreme conditions such as 200 degrees C without air & chemical resistance and used for HVAC (Heating, Ventilation, and Air Condition), and other industrial applications. Thus, the growing focus and investment of key stakeholders in the research and development of technologically advanced EPDM-based products is further expected to support market growth.

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. are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report

“Amongst manufacturing process, solution polymerization category to witness higher growth during the forecast period”

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.

“Amongst application, the automotive segment to hold a significant CAGR in the market in 2020”

Based on application, the market is bifurcated into building & construction, automotive, plastic modification, military & defense, wire & cable, lubricant additive, and others. Among these, the automotive segment to hold a significant CAGR in the market in 2020. This is mainly due 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. Additionally, the EPDM-based material has superior barriers against the road surface, engine vibration, and weather elements like UV radiation, acid rain, and atmospheric pollution, and is anticipated to promote market expansion in the future.

“Asia-Pacific to hold a significant share in the market”

In 2020, Asia-Pacific held a significant share of the Global Ethylene Propylene Diene Monomer Market. This is primarily due to the region’s rapid industrialization and expanding automotive, consumer goods, electronic & electrical, and medical sectors. Also, the ongoing infrastructural projects and increasing disposable income of the individual are expected to support market growth in the coming time. Additionally, in the manufacturing sector, EPDM has been employed as a replacement for thermoplastic olefins and thermoplastic vulcanizate. Additionally, the market for EPDM is driven by the lower cost of the raw material combined with the lower cost of production linked to the reduced labor cost. Furthermore, the market is anticipated to be driven in the future by expanding R&D activities, rising investment, and technological investment along with new product launches and mergers & acquisitions among the leading players. For instance, in March 2022, ARLANXEO group based in China announced to increase in its production capacity by 15% annually.

Reasons to buy this report:

• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
• The report presents a quick review of overall industry performance at one glance.
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.

Customization Options:

The Global Ethylene Propylene Diene Monomer Market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

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Research Methodology

Research Methodology for the Ethylene propylene diene monomer market Analysis (2022-2028)

Analyzing the historical market, estimating the current market, and forecasting the future market of the Global Ethylene Propylene Diene Monomer Market were the three major steps undertaken to create and analyze the adoption of ethylene propylene diene monomers in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the Global Ethylene Propylene Diene Monomer Market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the ethylene propylene diene monomer market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the ethylene propylene diene monomer market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as manufacturing process and application. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the Ethylene propylene diene monomer market. Further, we conducted factor analysis using dependent and independent variables such as manufacturing process and applications of ethylene propylene diene monomers. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the ethylene propylene diene monomer market sector across the globe.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the Global Ethylene Propylene Diene Monomer Market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

• The industry’s market size, in terms of revenue (USD) and the adoption rate of the ethylene propylene diene monomer market across the major markets domestically
• All percentage shares, splits, and breakdowns of market segments and sub-segments
• Key players in the Global Ethylene Propylene Diene Monomer Market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Market Engineering

The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the Global Ethylene Propylene Diene Monomer Market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of manufacturing process and application in the Global Ethylene Propylene Diene Monomer Market.

The main objective of the Global Ethylene Propylene Diene Monomer Market Study

The current & future market trends of the Global Ethylene Propylene Diene Monomer Market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:

• Analyze the current and forecast market size of the ethylene propylene diene monomer market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
• Segments in the study include areas of manufacturing process and application.
• Define and analysis of the regulatory framework for the ethylene propylene diene monomer
• Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
• Analyze the current and forecast market size of the ethylene propylene diene monomer market for the major region.
• Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World.
• Company profiles of the ethylene propylene diene monomer market and the growth strategies adopted by the market players to sustain in the fast-growing market
• Deep dive regional level analysis of the industry

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