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Ethylene Propylene (EPDM) Market 2024 | Market Size, Industry Trends, Share, Market Analysis, Key Drivers, Top Major Players And Forecast To 2033
Ethylene Propylene (EPDM) Market
The Business Research Company's Ethylene Propylene (EPDM) Global Market Report 2024 identifies increasing demand for construction activities as the major driver for the Ethylene Propylene (EPDM) market's growth in the forecast period. Construction refers to the activity of putting together various elements to create a structure for a specific location using a detailed design and plan. Ethylene-propylene diene monomer (EPDM) rubber is highly useful in construction activities due to its versatile properties, such as roofing membranes, waterproofing systems, weather stripping, and vibration isolation.
The ethylene propylene (epdm) market size has grown rapidly in recent years. It will grow from $6.74 billion in 2023 to $7.47 billion in 2024 at a compound annual growth rate (CAGR) of 10.8%. The growth in the historic period can be attributed to automotive industry, construction and building materials, electrical and electronics, consumer goods. The ethylene propylene (epdm) market size is expected to see strong growth in the next few years. It will grow to $10.8 billion in 2028 at a compound annual growth rate (CAGR) of 9.7%.
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Major competitors in the Ethylene Propylene (EPDM) market are Dow Chemical Company, Exxon Mobil Corporation, Johns Manville Inc., Kumho Polychem Co. Ltd., Lanxess AG, Lion Elastomers LLC.
A key trend in the Ethylene Propylene (EPDM) market includes developing innovative technology. Major companies operating in the ethylene propylene market are focusing on developing innovative technology, such as Stelora, to preserve an upper hand in the market. Stelora is a new category of synthetic polymers that can be utilized for a variety of technologically sophisticated applications that high-temperature polymers are being utilized for. For instance, in May 2023, Borealis AG, an Austria-based chemicals company, launched Stelora, a brand-new engineering polymer class that sets performance and sustainability standards. This technology is a new line of environmentally friendly engineering polymers that replaces traditional engineering polymers while providing significantly improved strength, durability, and heat resistance. It is intended to improve the performance of current solutions by bridging the thermal performance gap between high-temperature PPS, PTFE, and PEEK films and PP capacitor films.
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The Ethylene Propylene (EPDM) market is segmented -
• By Product Type: Solution Polymerization, Suspension Polymerization
• By Application: Automotive, Building & Construction, Plastic Modification, Lubricant Additive, Wires & Cables, Tires & Tubes
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Ethylene Propylene (EPDM) market.
The Business Research Company's "Global Ethylene Propylene (EPDM) Market Report 2024" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Ethylene Propylene (EPDM) Market Include:
1. Executive Summary
2. Ethylene Propylene (EPDM) Market Characteristics
3. Ethylene Propylene (EPDM) Market Trends And Strategies
4. Ethylene Propylene (EPDM) Market - Macro Economic Scenario
5. Global Ethylene Propylene (EPDM) Market Size and Growth
……………………………………..
31. Global Ethylene Propylene (EPDM) Market Competitive Benchmarking
32. Global Ethylene Propylene (EPDM) Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Ethylene Propylene (EPDM) Market
34. Ethylene Propylene (EPDM) Market Future Outlook and Potential Analysis
35. Appendix
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