EPDM Market | Key players operating in the market include ARLANXEO, DOW Inc., Exxon Mobil Corp, JSR Corporation, Versalis S.p. A.

According to recent market research "EPDM Market by application (Automotive, Building & Construction, Plastic Modification, Tires & Tubes, Wires & Cables and Lubricant Additives), Region (North America, Europe, Asia Pacific, Middle East & Africa and South America) - Global Forecast to 2026", The global EPDM market size is estimated to be USD 2.5 billion in 2021 and is projected to reach USD 3.6 billion by 2026, at a CAGR of 7.2% between 2021 and 2026. Automotive is the major application segment for EPDM. The recovery of automotive sector in the APAC region is driving the EPDM market during the forecast period. Moreover, the development of eco-friendly technologies for production of EPDM and growing demand for electric & hybrid vehicles are new opportunities in EPDM market.

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EPDM rubber account for significant portion of rubber parts that are utilized in automotive vehicle. In the automotive industry, EPDM is used in hoses, gaskets, body sealing, weather stripping, brake parts, windshield wipers, and other under-hood applications. The automobile production is in decline phase since 2018. The production further dipped in 2020 due to COVID-19 pandemic. However, the market is expected to grow in the near future with the rise in the living standard of people and the development of new technologies.

APAC accounted for the largest share of the EPDM market in 2020, followed by North America and Europe. The market in this region is driven by the recovery of the automotive sector in China, India, and Southeast Asian countries. Global automobile manufacturers are investing in APAC countries in establish their production plants to enhance their market presence in the region. China is the significant market for automobile and the largest importer of EPDM in the world. The focus towards the development of New Energy Vehicles (NEVs) to reduce carbon footprint will drive the automotive industry in China which will further enhance the demand of EPDM during the forecast period.

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The global EPDM market size is estimated to be USD 2.5 billion in 2021 and is projected to reach USD 3.6 billion by 2026, at a CAGR of 7.2% between 2021 and 2026. The recovery of automotive sector in the APAC region is driving the EPDM market during the forecast period.

Ethylene propylene diene monomer or EPDM is a copolymer of ethylene, propylene, and non-conjugated diene monomers. It is a saturated elastomer that provides resistance against polar solvents. The major catalysts used in the production of EPDM are Ziegler–Natta catalysts or Metallocene catalysts. The major processes used in the manufacturing of EPDM are slurry, gas-phase, and solution. Solution polymerization process is usually used in the commercial production of EPDM. EPDM rubber provides resistance against heat, aging, UV, and ozone. However, EPDM shows poor resistance against hydrocarbon fuel and solvent.

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Exxon Mobil Corporation is engaged in the energy and chemical manufacturing business. Its headquartered in Texas, US. The company operates through four segments; Upstream, Downstream, Chemical, and Corporate & Financing. The business operations are also divided into the following brands: ExxonMobil Chemical, Exxon, Mobil, Esso, and XTO. The company provides EPDM rubber under ExxonMobil Chemical and is provided under the grade name Vistalon. The application of EPDM includes automotive, building & construction, and other industrial applications. The company’s manufacturing plants are present in North America, Europe, the Middle East, and Asia Pacific. EPDM manufacturing plants of the company are present in the US, France, and Saudi Arabia.

ARLANXEO is a synthetic rubber manufacturer and was formed by a joint venture between LANXESS (Germany) and Saudi Aramco (Saudi Arabia) in 2016. In 2018, Saudi Aramco acquired the remaining share from LANXESS, and ARLANXEO became a wholly-owned subsidiary of Saudi Aramco. Its headquartered in the Hague, Netherlands. The company provides elastomer for various end-use applications such as automotive, oil & gas, building & construction, consumer goods, and pharmaceutical. The company has more than 11 production sites and nine research & development centers in Asia, Europe, South America, and North America. The company provides EPDM under the brand name Keltan.

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