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Ethylene Propylene Diene Monomer (EPDM) Market is expected to register a CAGR of 5.29% through the forecast period, 2018-2023| Dominant Players - CARLISLE COMPANIES INC., LANXESS AG, SUMITOMO CHEMICAL CO., LTD., VERSALIS S.P.A., amongst others.

01-28-2019 07:30 PM CET | Industry, Real Estate & Construction

Press release from: Market Prognosis

Market Analysis:

Asia-Pacific to Dominate the Market
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.

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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. The automotive industry is growing at a rapid pace in the Asia-Pacific region. Automotive is the largest end-user industry, accounting for more than 40% share in the global EPDM market. 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.

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Market Segments:
EPDM Market is segmented by:
1. Manufacturing Process: Solution Polymerization Process, Slurry/Suspension Process, Gas-phase Polymerization Process
2. Application: Automotive, Building and Construction, Plastic Modification, Electrical and Electronics, Lubricant Additive, Wires and Cables, Tires and Tubes
3. Geography: North America, South America, Europe, Asia Pacific, Middle East & Africa

Key Developments in the Market
• November 2017: The new official football of the World Cup 2018 is expected to contain Keltan Eco a bio-based ethylene-propylene-diene monomer (EPDM) rubber made by ARLANXEO, one of the world’s leading suppliers of synthetic rubber.
• March 2017: Sumitomo Chemical neared completion of its Saudi EPDM plant, which is scaled at 75,000 metric ton in annual production.

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About Market Prognosis
We at Market Prognosis believe in giving a crystal clear view of market dynamics for achieving success in today's complex and competitive marketplace through our quantitative & qualitative research methods.
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