Ethylene Propylene Diene Monomer (EPDM) Market 2020 | Top Key Players - DOW Elastomers, Carlisle Companies Inc., Mitsui Chemicals Inc., SK Global Chemical Co. Ltd

Global manufacturing capacity has observed steady expansion in recent years, resulting in product supply. Global Market Insights, Inc., thereby suggests that the ethylene propylene diene monomer (EPDM) market size is expected to reach USD 4.28 billion by 2024. However, price of petroleum-based products depends on fluctuating oil prices. A factor that may hinder ethylene propylene diene monomer market growth.

The global ethylene propylene diene monomer (EPDM) market is estimated to foresee massive growth over the coming years due to its extensive use across the electronics, construction, and automotive sector. The market is slated to witness significant gains owing to the rising product demand across the Asia Pacific and North America.

This rise in demand could be given to some of the product’s extraordinary features like resistance to UV exposure, aging, ozone, weathering, and chemicals. EPDM is water and steam resistant and has a longer lifespan enabling cost saving due to lesser replacement of parts.

Increasing use of EPDM in the automotive sector

The automotive application segment dominated the EPDM industry in 2015, accounting for more than 40% of the entire market share. This growth can be attributed to the product’s heavy usage in developing automobile components like door seals, bumpers, and braking systems. Proliferating demand for vehicles and a broad range of applications of EPDM would ensure new growth strides in the market over 2024.

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Overarching traction across North America

Primarily led by the U.S., the North America ethylene propylene diene monomer (EPDM) market is estimated to observe significant growth over the coming years due to robust growth in the automotive sector. According to estimates, the U.S. EPDM industry is projected to reach $940 million through 2024. Heavy consumer spending on luxury vehicles is a prime factor augmenting market share in the region.

Key Point Of TOC:

Chapter 6. Company Profiles

6.1. DOW Elastomers
6.1.1. Business Overview
6.1.2. Financial Data
6.1.3. Product Landscape
6.1.4. Strategic Outlook

6.2. Carlisle Companies Inc.
6.2.1. Business Overview
6.2.2. Financial Data
6.2.3. Product Landscape
6.2.4. Strategic Outlook

6.3. Mitsui Chemicals Inc.
6.3.1. Business Overview
6.3.2. Financial Data
6.3.3. Product Landscape
6.4.4. Strategic Outlook

6.4. SK Global Chemical Co. Ltd.
6.4.1. Business Overview
6.4.2. Financial Data
6.4.3. Product Landscape
6.4.4. Strategic Outlook

6.5. Exxonmobil Chemical Company
6.5.1. Business Overview
6.5.2. Financial Data
6.5.3. Product Landscape
6.5.4. Strategic Outlook

6.6. Versalis (Polimeri Europa S.P.A.)
6.6.1. Business Overview
6.6.2. Financial Data
6.6.3. Product Landscape
Contine....

Along with this, the U.S. plastics application segment was valued at more than $60 million back in 2015 and is projected to record at a CAGR of more than 4% through 2024. EPDM is used in the plastic which in turn would increase its demand in the region.

Growing use of EPDM in the electrical & electronics sector

The electrical and electronics application segment was valued for more than $140 million in 2015, and is likely to foresee significant growth trends in the future owing to EPDM’s excellent mechanical and thermal features. EPDM sees massive application in the electronics sector.

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Major market players are increasingly putting their efforts to innovate new EPDM product and further business presence. Taking 2018 for instance, John Manville, a renowned top manufacturer of roofing products, launched a new EPDM membrane sheet having tape-to-tape technology. This product is designed to operate on a single-ply waterproofing membrane, and proven to accelerate installation by four times, further leading to lesser labor costs.

The competitive landscape of the ethylene propylene diene monomer (EPDM) industry is inclusive of players such as Sumitomo Chemical Co. Ltd., Kumho Polychem Co. Ltd., OAO Nizhnekamskneftekhim, Lion Copolymer LLC, JSR Corporation, Carlisle Companies Inc., John Manville Inc., DOW Elastomers, and Lanxess AG among others.

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