Global Ethylene Propylene Diene Monomer (EPDM) Market - Segmented by Application and Geography - Growth, Trends and Forecasts (2018 - 2023)

Target Audience of "Ethylene Propylene Diene Monomer (EPDM) Market" Report 2018: Manufacturer / Potential Investors, Traders, Distributors, Wholesalers, Retailers, Importers and Exporters, Association and government bodies.

Ethylene Propylene Diene Monomer (EPDM) Market Report provides key statistics on the market status of the Ethylene Propylene Diene Monomer (EPDM) Manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the Ethylene Propylene Diene Monomer (EPDM) Industry.

The global ethylene propylene diene monomer (EPDM) market is expected to register a CAGR of 5.29% through the forecast period, 2018-2023. Asia-Pacific dominated the global EPDM market and is also expected to register the fastest CAGR through the forecast period.

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Accelerating Automotive Production in Asia-Pacific and Parts of Europe

The properties of EPDM, such as high weather resistance, heat resistance, and vibration absorption, make it suitable for different applications in the automotive industry. EPDM, which is a synthetic rubber, is widely used in automotive parts, such as hoses, body sealing, weather-stripping, engine mounts, belts, brake parts, and windshield wipers. It is also used in mechanical goods for under-hood applications. According to International Organization of Motor Vehicle Manufacturers (OICA), the production of automobiles has increased from 90 billion units in 2015 to almost 95 billion units in 2016, and the surge is expected to continue through the forecast period as well. The automotive industry is growing at a rapid pace in the Asia-Pacific region. China, India, and Indonesia are some of the major countries in the production of cars and commercial vehicles. Europe, France, Czech Republic, Italy, Spain, and Sweden have seen good growth in automotive production, which in turn, are expected to increase the consumption of EPDM.
Automotive is the largest end-user industry, accounting for more than 40% share in the global EPDM market.

Slurry/Suspension Process – the Fastest-growing Manufacturing Process Segment

Slurry/Suspension process is a modification over the bulk polymerization and it diminishes the use of solvents and solvent handling equipment, which makes it a more efficient process for manufacturing EPDM. However, solution polymerization process too is widely used, due to its versatility in making a wide range of polymers, and are hence is still the most popular choice in the EPDM manufacturing process.

Asia-Pacific to Dominate the Market Growth through 2023

Asia-Pacific is the fastest-growing market for EPDM, due to the growth of the automobile industry in India, China, Japan, Thailand, and South Korea. China dominates the Asia-Pacific EPDM market, owing to its huge production base of automotive, electronics, and plastics. North America has relatively mature economic conditions. Due to the environmental issues in Germany, many industries like automobile and plastic choose to use innovative EPDM, which leads to further increase in the demand for the EPDM market in the European region.

Major companies covered in this Report:

Carlisle Companies Inc.
DoW Elastomers
ExxonMobil Corporation
Firestone Building Products Company
LLC
Johns Manville
Inc.
JSR Corporation
Kumho Polychem Co.
Ltd.
Lanxess AG
Lion Elastomers
LLC
Mitsui Chemicals
OAO Nizhnekamskneftekhim
PetroChina Co. Ltd.
SK Global Chemical Co. Ltd.
Sumitomo Chemical Co.
Ltd.
Versalis S.p.A.

REASONS TO PURCHASE THIS REPORT

Analyzing various perspectives of the market with the help of Porter’s five forces analysis
Identify the manufacturing process and application are expected to dominate the market
Know about the regions that are expected to witness the fastest growth during the forecast period
Identify the latest developments, market shares, and strategies employed by the major market players
3 months of analyst support, along with the Market Estimate sheet (in excel).

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Finally, the feasibility of new investment projects is assessed, and overall research conclusions are offered. In this KEYWORD Market analysis, traders and distributors analysis is given along with contact details. For material and suppliers also, contact details are given. New investment feasibility analysis is included in the report.

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