Ethylene Propylene Diene Monomer (EPDM) Market is Expected to Reach USD 6.80 Bn By 2029

Ethylene Propylene Diene Monomer (EPDM) Market has developed considerably during the last few years due to new innovation and technological advancement to produce new products. The market is anticipated to continue mounting at a healthy rate in upcoming years. The "automotive "is the highest growing end user segment of the market because it provides a non-reflective and premium quality finish product. Furthermore, advancements in the healthcare sector and the rising demand for lightweight and durable components are expected to propel the healthcare sector to adopt ethylene diene monomer (EPDM).

Data Bridge Market Research analyses that the Ethylene Propylene Diene Monomer (EPDM) Market is expected to undergo a CAGR of 5.60% during the forecast period. This indicates that the market value, which was USD 4.40 billion in 2021, would rocket up to USD 6.80 billion by 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Recent Development

On March 24, 2022, Arlanxeo, a synthetic rubber company based on Netherland has announced an expansion in annual production capacity by 15% at its EPDM plant in China. This operational efficiency program includes manufacture of several grades of Keltan-branded EPDM materials which has produced at the 160 kilo tons per annum plant. These products are used in component parts for ultra-high voltage, 5G construction, charging pile and 'big data' centers in new infrastructure areas.

On July 8, 2022, Versalis has announced plans for industrial development to trade unions. In the rubberindustry, Versalis is probable to launch new grades of EPDM from its plant in Ferrara and is confirming a project in Ravenna to upsurge manufacture of high-added-value thermoplastic elastomers for the automotive industries.

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Market Definition

Ethylene diene monomer is a copolymer of ethylene, propylene, and a small quantity of non-conjugated diene monomers that offer cross-linking sites for vulcanization. It is an elastomer which is characterized by an extensive range of applications. Furthermore, EPDM is highly suitable for application in gaskets, electrical insulation and lamination. This material is high resistance to tearing, solvents, temperatures and abrasives. It has excellent elasticity at high and low temperatures and has good resistance to common , diluted acids, and alkaline and superb electrical insulating properties.

Some of the Major Players Operating in the Ethylene Propylene Diene Monomer (EPDM) Market Are:

DuPont (U.S.)
Exxon Mobil Corporation (U.S.)
Lanxess (Germany)
Mitsui Chemicals, Inc (Japan)
Sumitomo chemical co. Ltd (japan)
SK geo centric Co., Ltd. (South Korea)
china petrochemical corporation (China)
Johns Manville. (U.S.)
Berkshire Hathaway Inc.(U.S.)
JSR Corporation (Japan)
KUMHO POLYCHEM (South Korea)
Lion Elastomers (U.S)
PJSC "Nizhnekamskneftekhim'' (Russia)
American Rubber (U.S.)
Rotadyne Tools Pvt. Ltd. (India)
American Urethane, (U.S.)
Argonics, Inc. (U.S.)
Griffith Rubber Mills (U.S.)
HINDUSTAN RUBBER INDUSTRIES (India)

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The Study Is Segmented By Following:

The ethylene propylene diene monomer (EPDM) market is segmented on the basis of application, type and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Application

Automotive
Building and Construction
Tires and Tubes
Wires and Cables
Lubricant Additives

Type

Solution Polymerization
Suspension Polymerization

End User

Automotive
Aerospace and Defence
Consumer goods
Building and Construction
Medical
Electronic and Electrical

The report provides insights on the following pointers:

1. Market Penetration: Comprehensive information on the product portfolios of the top players in the Ethylene Propylene Diene Monomer (EPDM) market.

2. Development/Innovation: Detailed insights on the upcoming technologies, R&D activities, and product launches in the market.

3. Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market.

4. Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies.

5. Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Ethylene Propylene Diene Monomer (EPDM) market.

Research Methodology: Global Ethylene Propylene Diene Monomer (EPDM) Market

Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or can drop down your inquiry.

The key research methodology used by the DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Expert Analysis, Import/Export Analysis, Pricing Analysis, Production Consumption Analysis, Climate Chain Scenario, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Global Ethylene Propylene Diene Monomer (EPDM) Market Dynamics

Drivers

Several industrial applications
The market scope of ethylene propylene diene monomer (EPDM) is continuously increasing with the evolving end-users industries such as healthcare, automotive, electronics and other. Moreover, ethylene propylene diene monomer (EPDM)s have several industrial applications such as industrial and energy, medical, microelectronics, cutting tools, waterproof covering and others which are expected to drive the growth of the ethylene propylene diene monomer (EPDM) market during the forecast period.

Growing demand of ethylene propylene diene monomer (EPDM) in construction sector
Ethylene propylene monomer rubber is very demanding because it is extremely resilient to puncture or penetration, unaffected by UV light ozone, acid rain, or atmospheric pollution. It is unlike most bituminous materials, as it does not degrade, or turn brittle after long periods of exposure to harsh weather. Installation of EPDM on roofs has proven its longevity in temperate zones, Artic conditions, and tropical climates. Thus, EPDM coatings deliver long lasting waterproof roofs.

Furthermore, highly volatile prices of natural rubber is a major factor for shifting the attention of consumers toward synthetic rubber such as EPDM which acts as a major driving factor for the growth of EPDM (Ethylene Propylene Diene Monomer) market, also they are extensively used in the civil engineering sector in applications such as expansion joints, mounting structures, bridge bearings, pipe couplings among others, are also some major factors which are expected to drive the growth of the market swiftly.

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Opportunities

Growing government investments
The rising government spending on healthcare sector is expected to increase the production of medical device which will increase the demand of the ethylene propylene diene monomer (EPDM). Ethylene propylene diene monomer (EPDM) coatings are progressively used on the medical equipment due to their waterproof nature. This is one of the major factor which is expected to create immense opportunity for ethylene propylene diene monomer (EPDM) market over the forecast period.

Restraints/Challenges

High cost associated with market
The process involves high amount of expenditure which is expected to hamper the growth of the ethylene propylene diene monomer (EPDM) market. There is a high cost of ownership with the availability of the other alternatives in the market. These are some of the major factors which are restraining the growth of the ethylene propylene diene monomer (EPDM) market during the above mentioned forecast period.

Furthermore, growing environmental concerns due to the emission of VOCs during the manufacture of EPDM is also one of the major restrictions for the market growth.

This ethylene propylene diene monomer (EPDM) market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the ethylene propylene diene monomer (EPDM) market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

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