Ethylene Propylene Diene Monomer (EPDM) Market 2020 - Global Trends, Statistics, Size, Share, Regional Analysis by Key Players - The Dow Chemical Company, Lanxess AG, Sumitomo Chemical Co., Ltd., Lion Elastomers, LLC

A recent report published by QMI on Ethylene Propylene Diene Monomer (EPDM) market is a detailed assessment of the most important market dynamics. After carrying out thorough research on the market of EPDM historical as well as current growth parameters, business expectations for growth are obtained with utmost precision. The study identifies specific and important factors affecting the market for Ethylene Propylene Diene Monomer during the forecast period. It can enable manufacturers of Ethylene Propylene Diene Monomer to change their production and marketing strategies in order to envisage maximum growth.

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Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1) The Dow Chemical Company
2) Lanxess AG
3) Sumitomo Chemical Co., Ltd.
4) Lion Elastomers, LLC
5) Mitsui Chemicals
6) Exxon Mobil Corporation

Increasing demand for synthetic rubber is expected to drive the growth of ethylene propylene diene monomer market during the forecast period. This has resulted some of the key developments by companies operating in the market to consolidate their market positions and look for further niche opportunities.

Understanding the chemistry and uses of Ethylene Propylene Diene Monomer (EPDM)

EPDM is a type of synthetic rubber that has the characteristics of high heat and oxidized chemical resistance. It is also resistant to various other substances such as mild acids, water, brake fluids, and others.

It is divided by application into construction & construction, electrical & electronics, automotive, wires & cables, plastics, lubricant additive, and others. The automotive segment is the largest segment, since EPDM is used in many automotive components in hydraulic brake systems, window spacers, belts, glass run channels. It is so heavily used, because it provides premium quality and non-reflective finish.

There has been increasing the use of EPDM as a lubricant additive as it helps increase the viscosity and perform according to the changing temperature and weather.

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Important Factors Impacting Market Growth:
o Increasing demand for synthetic rubber
o A rise in the construction activities

Regional segmentation and analysis to understand growth patterns

Based on region, the ethylene propylene diene monomer market has been segmented by North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, & Rest of the World. North America and Western Europe being some of major markets are also traditional suppliers of chemicals such as specialty chemicals, bulk chemicals, and so on. Major companies in this market are headquartered in North America and Western Europe. This region has been witnessing number of transitions in terms of productions of chemicals and respective applications by end-use industries. The preference towards bio-based feedstock has been instrumental in the development of the green alternatives in these regions.

The APAC region has been growing in this market as there are lower labor costs and also proximity to the supplies of the raw material. Asia Pacific and Middle East are expected to register substantial growth in ethylene propylene diene monomer market during the forecast period. This demand is with regards to the growth of major Applications such as building & construction, electrical & electronics, automotive, wires & cables, plastics, lubricant additive, and others.

Major countries in Asia Pacific region include China, South Korea, Japan, India, Australia, and So on. Eastern Europe has been largely dominated by Russia and Turkey with operations of major chemical giants in the region. Rest the World that includes South America and Africa has a strong potential for ethylene propylene diene monomer market. There has been increasing number of investments by global companies in these regions to strengthen their presence and tap the potential market. Major economies in these regions for ethylene propylene diene monomer market include Brazil, South Africa, Nigeria, Argentina, Colombia, and others.
Market Segmentation:

By Application:
o Building & Construction
o Electrical & Electronics
o Automotive
o Wires & Cables
o Plastics
o Lubricant Additive
o Others

By Region:

North America
o By Country (US, Canada, Mexico)
o By Application

Western Europe
o By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
o By Application

Eastern Europe
o By Country (Russia, Turkey, Rest of Eastern Europe)
o By Application

Asia Pacific
o By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
o By Application

Middle East
o By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
o By Application

Rest of the World
o By Region (South America, Africa)
o By Application

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This release was published on openPR.