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Global Ethylene Propylene Diene Monomer (EPDM) Market – Industry Trends and Forecast to 2029

Chemical and Materials

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Global Ethylene Propylene Diene Monomer (EPDM) Market – Industry Trends and Forecast to 2029

  • Chemical and Materials
  • Upcoming Report
  • Sep 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Ethylene Propylene Diene Monomer (EPDM) Market – Industry Trends and Forecast to 2029

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period 2021–2029
Diagram Market Size (Base Year) USD 4.40 USD Billion
Diagram Market Size (Forecast Year) USD 6.80 USD Billion
Diagram CAGR %

Major Markets Players

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Global Ethylene Propylene Diene Monomer (EPDM) Market, 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) – Industry Trends and Forecast to 2029.

Ethylene Propylene Diene Monomer (EPDM) Market

Ethylene Propylene Diene Monomer (EPDM) Market Analysis and Size

The global ethylene propylene diene monomer (EPDM) market has developed considerably during the last few years due to new innovation and technological advancement to produce new products. The market is anticipated to continue mounting at a healthy rate in upcoming years. The “automotive “is the highest growing end user segment of the market because it provides a non-reflective and premium quality finish product. Furthermore, advancements in the healthcare sector and the rising demand for lightweight and durable components are expected to propel the healthcare sector to adopt ethylene diene monomer (EPDM). 

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.  In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Ethylene Propylene Diene Monomer (EPDM) Market Scope and Segmentation

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2014 - 2019)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

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)

Countries Covered

U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America

Market Players Covered

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)

Market Opportunities

  • Growth and expansion of automotive, construction and healthcare sector
  • Several industrial applications
  • Rising research and development activities

Market 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.

Global Ethylene Propylene Diene Monomer (EPDM) Market Dynamics

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. 

Opportunities

  • Growing government investments

The rising government spending on healthcare sector is expected to increase the production of medical device which will increase the demand of the ethylene propylene diene monomer (EPDM). Ethylene propylene diene monomer (EPDM) coatings are progressively used on the medical equipment due to their waterproof nature. This is one of the major factor which is expected to create immense opportunity for ethylene propylene diene monomer (EPDM) market over the forecast period.

Restraints/Challenges

  • High cost associated with market

The process involves high amount of expenditure which is expected to hamper the growth of the ethylene propylene diene monomer (EPDM) market. There is a high cost of ownership with the availability of the other alternatives in the market. These are some of the major factors which are restraining the growth of the ethylene propylene diene monomer (EPDM) market during the above mentioned forecast period.

Furthermore, growing environmental concerns due to the emission of VOCs during the manufacture of EPDM is also one of the major restrictions for the market growth. 

This ethylene propylene diene monomer (EPDM) market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the ethylene propylene diene monomer (EPDM) market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

COVID-19 Impact on Ethylene Propylene Diene Monomer (EPDM) Market

The outbreak of the COVID-19 pandemic has declined the growth of the ethylene propylene diene monomer (EPDM) market globally. During the pandemic, manufacturing companies are dealing with the disrupted demand and supply chains of product due to the shutdown of manufacturing facilities during this pandemic. In the post pandemic era, growth in the medical and healthcare segment is expected to reinforce global market for ethylene propylene diene monomer (EPDM), as it helps to improving the efficiency of instruments. Thus, coronavirus is leaving a major impact on the growth of the ethylene propylene diene monomer (EPDM) market.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Development

  • On March 24, 2022, Arlanxeo, a synthetic rubber company based on Netherland has announced an expansion in annual production capacity by 15% at its EPDM plant in China. This operational efficiency program includes manufacture of several grades of Keltan-branded EPDM materials which has produced at the 160 kilo tons per annum plant. These products are used in component parts for ultra-high voltage, 5G construction, charging pile and ‘big data’ centers in new infrastructure areas.
  • On July 8, 2022, Versalis has announced plans for industrial development to trade unions. In the rubberindustry, Versalis is probable to launch new grades of EPDM from its plant in Ferrara and is confirming a project in Ravenna to upsurge manufacture of high-added-value thermoplastic elastomers for the automotive industries.

 Global Ethylene Propylene Diene Monomer (EPDM) Market Scope

The ethylene propylene diene monomer (EPDM) market is segmented on the basis of application, type and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

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

Ethylene Propylene Diene Monomer (EPDM) Market Regional Analysis/Insights

The ethylene propylene diene monomer (EPDM) market is analysed and market size insights and trends are provided by country, application, type and end user as referenced above.

The countries covered in the ethylene propylene diene monomer (EPDM) market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia Pacific dominates the ethylene propylene diene monomer (EPDM) market in terms of market share and revenue due to the increased population which is leading to the increased infrastructure spending, also growing automotive sector, mainly in Indonesia among others.

North America will continue to project the highest growth rate during the forecast period of 2022-2029 due to rapid growth of rubber, plastics and automotive industries and high demand for lubricant additives in the U.S. and Canada.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Ethylene Propylene Diene Monomer (EPDM) Market Share Analysis

The ethylene propylene diene monomer (EPDM) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to ethylene propylene diene monomer (EPDM) market.

Some of the major players operating in the ethylene propylene diene monomer (EPDM) market are:

  • 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)


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FREQUENTLY ASK QUESTIONS

The ethylene propylene diene monomer (EPDM) market value is expected USD 6.80 billion by 2029.
The ethylene propylene diene monomer (EPDM) market is projected to grow at a CAGR of 5.60% during the forecast period of 2022-2029.
On the basis of application, the Ethylene Propylene Diene Monomer (EPDM) Market is segmented into Automotive, Building and Construction, Tires and Tubes, Wires and Cables, Lubricant Additives.
The major players operating in the Ethylene Propylene Diene Monomer (EPDM) Market are 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).
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