Press release
Ethylene Propylene Diene Monomer Market Demand, Global Key Players, Application, Growth and Analysis - 2031
Ethylene propylene diene monomer can be used in different temperature changes and contain substantial mechanical strength. These properties make this monomer an ideal rubber for application in different end-use segments. Some inert chemical properties that provide resistance in different weathers are also favoring the growth avenues in the ethylene propylene diene monomer (EPDM) market.
As per the research report by Transparency Market Research, the ethylene propylene diene monomer (EPDM) market is estimated to reach a CAGR of ~6 % and gain a valuation of US$ 6.2 Bn. during the forecast period from 2019 to 2027.
๐๐๐ญ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ: https://www.transparencymarketresearch.com/ethylene-propylene-diene-monomer-rubber.html
Rising Application ofย Ethylene Propylene Diene Monomer (EPDM) in Automotive Industry Anticipated to Drive Growth Avenues in Global Market
Ethylene propylene diene monomer contains certain unique properties. These properties have been predicted to increase their demand in automotive, industrial, and building & construction applications. Based on volume among other industries, the automotive industry is the major consumer in the ethylene propylene diene monomer (EPDM) market.
The products from the ethylene propylene diene monomer (EPDM) market have been used at an increased rate in the automotive industry that serves as a significant growth driver. In addition to this, EPDM has also been used as the prominent raw material along with aluminum, steel, and some other synthetic rubbers to produce different automotive components.
Ethylene propylene diene monomer has been used commonly for the manufacturing of interior car panels, door seals, belt drives, braking systems, front as well as rear bumpers, inner tire tubes, tire sidewalls, hoses, and rear-lamp gaskets. Thus, based on this extensive application, the market has been predicted to experience innumerable demand opportunities in the years to come.
๐๐ฆ๐ฆ๐๐๐ข๐๐ญ๐ ๐๐๐ฅ๐ข๐ฏ๐๐ซ๐ฒ ๐๐ฏ๐๐ข๐ฅ๐๐๐ฅ๐ | ๐๐ฎ๐ฒ ๐ญ๐ก๐ข๐ฌ ๐๐ซ๐๐ฆ๐ข๐ฎ๐ฆ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ - https://www.transparencymarketresearch.com/checkout.php?rep_id=1285<ype=S
In recent years, there has been a noteworthy increase in the use of plastic in different end-use industries. So, ethylene propylene diene monomer has been used commonly for the modification of plastic. EPDM has been employed in the process to modify polymer for olefinic thermoplastic elastomers, for example, thermoplastic olefin (TPO) and some other thermoplastic elastomers, for example, thermoplastic vulcanizates (TPVs). Thus, based on these rising applications, the ethylene propylene diene monomer (EPDM) market is likely to grow at a significant speed in the forthcoming years.
The key players serving in the ethylene propylene diene monomer (EPDM) market are Lanxess AG, Mitsui Chemicals Inc., Exxon Mobil Corporation, Lion Elastomers, DowDuPont Inc., Johns Manville, Sumitomo Chemical Co. Ltd., and Versalis S.p.A.
๐๐๐ญ ๐๐๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ซ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐๐ง๐ ๐๐ฎ๐ฌ๐ข๐ง๐๐ฌ๐ฌ ๐๐ง๐ญ๐๐ฅ๐ฅ๐ข๐ ๐๐ง๐๐: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1285
Asia Pacific Projected to Hold a Dominance With Growing Products Demand inย Ethylene Propylene Diene Monomer (EPDM) Market
The ethylene propylene diene monomer (EPDM) market has been segmented into North America, the Middle East & Africa, Asia Pacific, Latin America, and Europe based on its regional presence. Among these geographical areas, the Asia Pacific region has been predicted to hold a dominating position in the market. The market dominance is expected on the back of the rising demand for these products for different applications along with various end-user industries. In addition to this, there has been a noticeable increase in the count of domestic producers along with growing production capacities of regional manufacturers that are likely to propel market growth in the region.
Moreover, there has been a subsequent growth in the automotive and rubber industries in the Asia Pacific region that further bolsters expansion opportunities in the ethylene propylene diene monomer (EPDM) market. Various countries, for example, Indonesia, Thailand, and India have been projected to hold a leading position regarding product consumption in the regional market during the forecast period.
๐๐ฅ๐ข๐๐ค ๐ ๐จ๐ซ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ: https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=1285
The global ethylene propylene diene monomer (EPDM) market is divided into:
Global Ethylene Propylene Diene Monomer (EPDM) Market, by Application ย
Building & Construction
Electrical Insulation
Automotive
Plastic
Lubricant Additives
Others
๐๐ซ๐๐ง๐๐ข๐ง๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ:
Hot Melt Adhesives Market - https://www.digitaljournal.com/pr/hot-melt-adhesives-market-growing-demand-and-huge-future-opportunities-by-2031
Thermoplastic Elastomers Market - https://www.digitaljournal.com/pr/thermoplastic-elastomers-market-industry-improvement-status-and-outlook-by-2031
About Us Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
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โข ๐๐ง๐ข๐ญ๐๐ ๐๐ญ๐๐ญ๐๐ฌ: 2149 USD/MT (Commercial Grade)
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