Global Ethylene Propylene Diene Monomer Manufacturing Market to 2023| Carlisle Companies, DowDuPont, Exxon Mobil, Lanxess Aktiengesellschaft and Mitsui Chemicals

Albany, NY, 3rd October : Recent research and the current scenario as well as future market potential of "Ethylene Propylene Diene Monomer (EPDM) Manufacturing: Global Markets to 2023" globally.

Global EPDM market outlook is positive with growth potential for polymer modification. There is mounting pressure to implement sustainable eco-friendly manufacturing practices and improve the quality of EPDM products. At the same time, emerging market growth, increasing investments in the construction industry, rapid urbanization and rising population and increasing demand for automotives is contributing to the growth of the EPDM manufacturing.

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The EPDM market reached a value of nearly REDACTED in 2018 and is expected to grow at a compound annual growth rate (CAGR) of REDACTED to nearly REDACTED by 2023.

The EPDM market is relatively concentrated. Major players in the market are Carlisle Companies Inc., DowDuPont Inc., Exxon Mobil Corp., Lanxess Aktiengesellschaft and Mitsui Chemicals, Inc.

The automotive sector accounted for the largest share of the EPDM market in 2017 at REDACTED. The highest growth is also projected to come from polymer modification, which is forecasted to grow at a CAGR of REDACTED. Major factors driving the market included rapid urbanization in emerging markets leading to rapid population growth and low interest rates in many developed and developing countries encouraging investment. These factors along with rapid growth in in the electronics industry isincreasing the demand for EPDM electrical insulation products.

Asia-Pacific is the largest EPDM market, accounting for REDACTED of the global market. It was followed by North America and Western Europe region. Going forward, South America is expected to witness the fastest growth in the EPDM market, estimated at grow at a CAGR of REDACTED, followed by Asia-Pacific which is expected to grow at a CAGR of REDACTED.

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China is the largest market in terms of value and in the EPDM market. India and Brazil are forecasted to have the fastest growth, growing at a CAGR of REDACTED and REDACTED, respectively. The market is challenged by restraints such as rising trade protectionism and rise in oil prices.

Report Scope

This research report categorizes the EPDM market by type include automotive, construction, electrical and electronics, polymer modification, oil additive and others.

Report Includes:

- 97 data tables
- Country-specific data and analysis for USA, Brazil, UK, France, Italy, Spain, China, India, Japan, Australia and Russia
- An overview of global market and future demand growth of the EPDM (ethylene propylene diene monomer) industry
- Identification and evaluation of role of automation and robotics in the EPDM products industry
- Explanation of effect of rapid population growth and urbanization to the economic growth of the industry

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- Company profiles of the major players of the market, including Carlisle Companies Inc., DowDuPont Inc., Exxon Mobil Corp., Lanxess Aktiengesellschaft and Mitsui Chemicals, Inc.

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This release was published on openPR.