EPDM Rubber Market Research Study including Growth Factors, Types and Application to 2032

The global EPDM rubber market was valued at 4.43 Million Tonnes in 2021 and is expected to reach over 7.35 Million Tonnes by 2030, poised to grow at a compound annual growth rate (CAGR) of 6.2% from 2021 to 2030.

EPDM stands for Ethylene Propylene Diene Monomer and is a type of synthetic rubber commonly used outdoors for roof, window and door seals. EPDM membranes are hermetic and weather resistant and can be used in a variety of applications such as glass protection. EPDM's waterproof and all-weather resistance make it an ideal material for vehicle sealing. These include door seals, window seals, trunk seals and hood seals. EPDM is used in windshield wiper blades due to its durability and abrasion resistance. Moreover, EPDM is used in industrial respirators such as face masks as it reacts poorly with many industrial chemicals and low-intensity gases. Due to its low electrical conductivity, EPDM is also suitable as an insulating material for electrical components. EPDM is used to manufacture a variety of hoses, gaskets, belts, membranes, grommets and geomembranes made from EPDM.

The use of ethylene propylene in various industries contributes to the growth of the ethylene propylene EPDM rubber market. In the automotive industry, EPDM products bond well with metals by providing a well-built barrier to the environment. Due to its stable saturated polymer backbone structure, EPDM has properties such as heat resistance, abrasion resistance, oil swell resistance, flame resistance, oxidation, ozone and weather resistance. Companies such as BRP Manufacturing supply EPDM for the automotive industry, including cabin pressurized assemblies, interior panels and striker panel blinds. Therefore, the use of EPDM in various industries has contributed to the growth of the EPDM rubber market.

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EPDM is used as a fat consistency improver and its affinity for oil assimilation makes it worth using in oil consistency improvement applications. The automotive industry is a major consumer of EPDM rubber. The use of EPDM in automobiles is primarily due to its high temperature, weather resistance, and vibration damping properties. Due to these properties, EPDM is also used in various applications such as hoses, under-hood mechanical parts, body fasteners, climate strips, belts, engine mounts, brake parts, wipers.

However, emissions of volatile organic compounds (VOCs) during the production of EPDM cause environmental pollution that challenges the growth of the EPDM rubber market. VOCs are made up of a variety of chemicals and are harmful to human health as well as the environment by releasing particulate matter into the atmosphere, leading to the formation of smog and reduced visibility. For example, the Hong Kong government has introduced various regulations to avoid harmful emissions of VOCs. Products that exceed normal VOC emissions are not allowed in the country. Therefore, increasing VOC emissions from EPDM production will limit the market growth.

Moreover, increasing demand for EPDM rubber made from bio-based raw materials is a major trend driving the growth of the EPDM market. Renewable EPDM rubber uses raw materials such as sugar and glycerine to replace traditional raw materials such as isoprene and butadiene in synthetic rubber production, reducing greenhouse gas emissions and achieving sustainability. For example, the Dutch company Keltan manufactured his KELTAN ECO., the first commercial bio-based raw material, based on renewable raw materials. Therefore, renewable EPDM rubber is expected to increase the share of EPDM market.

In 2020, the spread of COVID-19 across major economies around the world led to nationwide lockdowns that affected multiple industries. The construction and automotive industries are among the industries most affected by the pandemic. This impacted the demand for EPDM rubber in the first half of 2020. Demand for EPDM rubber from the automotive and construction segments has declined during the pandemic.

Application Insights

Based on application, automotive was the largest application segment that held 38.6% value share in 2021. EPDM is widely used in the automotive industry due to its valuable sealing and noise reduction properties. EPDM bonds quickly to metal and forms a strong barrier against weather, environment, road and engine vibrations. EPDM is also UV resistant and waterproof. EPDM manufacturing is one of the fastest growing segments of the synthetic rubber market and the first choice for automotive and industrial applications. EPDM is used in automotive and industrial hose products because of its thermal and oxidative stability and chemical resistance to polar organic and aqueous inorganic fluids.

Regional Insights

In terms of value, Asia-Pacific dominated the global EPDM rubber market, with a large share of 40.3% in 2021, expected to grow to 43.6% by 2031. Expansion of the automotive industry in growing economies such as China and India is expected to propel the global EPDM rubber market. The Asia-Pacific region, especially in countries such as India and China, is expected to see high demand growth of 9.5% annually. The automotive industry is driving demand for EPDM, followed by cable and wire insulation, moulded parts, and industrial rubber hoses. Such user industries are very important for industrial and economic growth patterns in all regions.

Key Companies Insights

The global EPDM rubber market is highly consolidated with a few large players holding a majority of shares. Most companies invest heavily in extensive research and development activities, primarily to create environmentally friendly products. Product portfolio expansion and mergers and acquisitions are key strategies pursued by major players. Lanxess AG, Exxon Mobil Corporation, Mitsui Chemicals Inc., DowDuPont Inc., is a major player in the EPDM rubber market. For instance, in 2019, Engineered Polymer Solutions, Inc. (EPS) introduces EPS 2252, a high solids acrylic emulsion. EPS 2252 offers excellent adhesion to new and mature EPDM, metals, black roofs, and other substrates. This acrylic emulsion also enables the design of primers and basecoats with VOCs below 50 g/L.

Some of the key players operating in the global EPDM rubber market include:

· ARLANXEO

· Dow

· Elevate

· Exxon Mobil Corporation.

· Jilin Xingyun Chemical Co.,Ltd.

· Johns Manville

· KUMHO POLYCHEM

· Lion Elastomers

· Mitsui Chemicals, Inc.

· PetroChina Company Limited

· SK Global Co., Ltd.

· Versalis S.p.A

· Other Players

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Segments

By Manufacturing Process

· Solution Polymerization Process

· Slurry/Suspension Process

· Gas-phase Polymerization Process

By Product Type

· Compressor Grommet

· Electrical Insulation & Stinger Covers

· Belts

· seals

· Others

By Application

· Building and Construction

· Electrical Insulation

· Automotive

· Plastics

· Lubricant Additives

· Others

Key Points:
Define, describe and forecast EPDM Rubber product market by type, application, end user and region.
Provide enterprise external environment analysis and PEST analysis.
Provide strategies for company to deal with the impact of COVID-19.
Provide market dynamic analysis, including market driving factors, market development constraints.
Provide market entry strategy analysis for new players or players who are ready to enter the market, including market segment definition, client analysis, distribution model, product messaging and positioning, and price strategy analysis.
Keep up with international market trends and provide analysis of the impact of the COVID-19 epidemic on major regions of the world.
Analyze the market opportunities of stakeholders and provide market leaders with details of the competitive landscape.

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