Press release
Ethylene Propylene Diene Monomer Market: Versalis, Exxonmobil Chemical Company, SK Global Chemical Co. Ltd.
Global Market Insights
Construction, on the other hand is expected to help demand grow rapidly (over 6%) in terms of revenue by 2024. Increasing construction spending in BRIC nations is anticipated to propel ethylene propylene diene monomer market share for construction applications.
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Ethylene Propylene Diene Monomer Market size is expected to reach USD 4.28 billion by 2024; according to a new research report by Global Market Insights, Inc.Along with the above applications, increasing potential for polymer modification in the industrial sector will boost demand. Global personal & commercial automotive sales were approximately 90 million units in 2015.
It is also a key raw material used in plastic modification in thermoplastic olefins (TPO) and thermoplastic vulcanizates (TPV). Light-weight and increased strength characteristics of TPO make it attractive for automotive and construction sectors. This in turn helps the automotive industry to abide by various stringent government regulations aimed at reducing carbon emissions produced by vehicles.
Global production capacity has witnessed steady expansion by industry players, resulting in product oversupply, which may hinder ethylene propylene diene monomer market price trends. Petroleum based ethylene propylene diene monomer industry are required in production and therefore fluctuating crude oil prices may negatively impact industry growth. However, the development & commercialization of bio based ethylene propylene diene monomer market is anticipated to provide new industry growth opportunities in the near future.
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Electrical & electronics applications were valued at over USD 140 million in 2015. Excellent thermal and mechanical characteristics makes product desirable for electrical & electronics application. Lubricant additive applications are estimated to expand at over 4% CAGR from 2016 to 2024.
U.S. ethylene propylene diene monomer industry is set to reach USD 940 million by 2024. High customer spending on luxury vehicles is likely to boost regional industry growth. U.S. plastics applications were valued at over USD 60 million in 2015 and forecast to rise with over 4% CAGR. UK ethylene propylene diene monomer market size for construction application is estimated to reach USD 15 million with over 4% CAGR.
Asia Pacific was dominant regional market in 2015. Increasing construction activities along with growing automobile manufacturing units is anticipated to be key factor propelling regional ethylene propylene diene monomer market growth. Indian market is forecast to reach USD 130 million, with estimated gains at over 7% CAGR.
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Global ethylene propylene diene monomer market share is competitive. Major industry participants include Exxonmobil Chemical Company, SK Global Chemical Co., Petrochina Co. Ltd., Mitsui Chemicals Inc., and Versalis. Other notable market share contributors are DOW Elastomers, Lanxess AG, John Manville Inc., Carlisle Companies Inc., JSR Corporation, Lion Copolymer LLC, OAO Nizhnekamskneftekhim, Kumho Polychem Co. Ltd., and Sumitomo Chemical Co. Ltd.
The industry is witnessing consolidation. For example, ExxonMobil Chemical Company, Lanxess AG, Firestone Building Products Company, and Johns Manville are integrated forward.
Partial Chapter of the Table of Content:
Chapter 3. EPDM Industry Insights
3.1. Industry segmentation
3.2. Industry Size and forecast, 2013 - 2024
3.3. Industry ecosystem analysis
3.3.1. Distribution channels
3.3.1. Vendor matrix
3.4. Industry Impact forces
3.4.1. Growth drivers
3.4.1.1. Increasing EPDM application in automotive
3.4.1.2. Thermoplastic modification
3.4.2. Industry pitfalls & challenges
3.4.2.1. Oversupply
3.5. Growth potential analysis
3.5.1. Bio-based EPDM potential
3.6. Porter's analysis
3.7 Company market share analysis, 2015
3.8. PESTEL analysis
3.9 Pricing trend analysis
Chapter 4. EPDM Industry Application Insights
4.1. Global EPDM market share by application, 2015 & 2024
4.2. Construction
4.2.1. Market estimates and forecast, 2013 - 2024
4.2.2. Market estimates and forecast, by region, 2013 – 2024
4.3. Electronics & Electrical
4.3.1. Market estimates and forecast, 2013 - 2024
4.3.2. Market estimates and forecast, by region, 2013 - 2024
4.4. Plastics
4.4.1. Market estimates and forecast, 2013 - 2024
4.4.2. Market estimates and forecast, by region, 2013 – 2024
4.5. Automotive (excluding electrical)
4.5.1. Market estimates and forecast, 2013 - 2024
4.5.2. Market estimates and forecast, by region, 2013 – 2024
4.6. Lubricant Additive
4.6.1. Market estimates and forecast, 2013 - 2024
4.6.2. Market estimates and forecast, by region, 2013 – 2024
4.7. Others
4.7.1. Market estimates and forecast, 2013 - 2024
4.7.2. Market estimates and forecast, by region, 2013 – 2024
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1 888-689-0688
Email: sales@gminsights.com
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