Ethylene Propylene Diene Monomer (EPDM) Market is Predicted to See Lucrative Gains over 2020-2025, Key Regions Dominated the Regional Landscape | PetroChina Co. Ltd, ExxonMobil Chemical Company, Mitsui Chemicals Inc., SK Global Chemical Co. Ltd., Carlisle

Global Ethylene Propylene Diene Monomer (EPDM) market would thus note a steady growth over the forecast period of 2020 - 2025. The robust CAGR (Compound Annual Rate Growth) will chart an upward growth curve and create lucrative growth opportunities in the global Ethylene Propylene Diene Monomer (EPDM) market. In, turn, this will lead to improvement in market worth.

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Global Ethylene Propylene Diene Monomer (EPDM) Market: Notable Development
Global Ethylene Propylene Diene Monomer (EPDM) market is set to witness growth and a number of notable developments are paving the way for the same. The competitive landscape is also duly impacted by these developments. A deep dive can be had a published report by Adroit Market Research.

The global Ethylene Propylene Diene Monomer (EPDM) market is highly consolidated. And, key players in the global Ethylene Propylene Diene Monomer (EPDM) market are PetroChina Co. Ltd (China), ExxonMobil Chemical Company (U.S.), Mitsui Chemicals Inc. (Japan), SK Global Chemical Co. Ltd (South Korea), Carlisle Companies Inc. (U.S.), John Manville Inc. (U.S.), DoW Elastomers (U.S.), Lanxess AG (Germany), JSR Corporation (Japan) and Kumho Polychem Co. Ltd (South Korea).

Global Ethylene Propylene Diene Monomer (EPDM) Market: Key trends and driver
The growth is fueled by the higher demand for elastomers, rising end-use industry, growing expansion and acquisition activities and rising development strategies. Some other vital factors bolstering the global market are rising demand for EPDM in building and construction, automotive, molded goods, lubricant additives and plastic modification applications. EPDM's main use is in low slope roofing in refurbished as well as new buildings. With the thorough development of bio-based EPDM by organizations such as Lanxess will offer immense opportunities for market growth. Volatile price of raw material has become one of the major restraint for growing Ethylene Propylene Diene Monomer (EPDM) Market.

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Global Ethylene Propylene Diene Monomer (EPDM) Market: Regional Analysis
Its spectrum wider, automotive industry has started growing its roots in countries such as Mexico, Indonesia and Slovakia along with already well-established automotive manufacturers such as U.S., Japan, Germany and China. Due to the expansion of automotive industry, these countries will contribute to the positive growth of epdm rubber industry. Aside from these countries, Asia-Pacific was the largest regional EPDM rubber market in year 2013, it will continue its dominance over the coming next six years with major development witnessed in India, Taiwan, Malaysia, South Korea and China. The market in these countries is characterized by available abundant raw material owing to the strong base of petrochemical manufacturing facilities. Europe and North America are comparatively stronger and mature economies that are anticipated to witness stagnant growth rates over the upcoming years.

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