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Ethylene Propylene Diene Monomer Global Market Report 2024 - By Size, Share, Growth, Demand, Drivers, Outlook By 2033
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all the necessary data for thriving in the Ethylene Propylene Diene Monomer industry. This report on Ethylene Propylene Diene Monomer market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The ethylene propylene diene monomer market size has grown strongly in recent years. It will grow from $4.16 billion in 2023 to $4.53 billion in 2024 at a compound annual growth rate (CAGR) of 8.8%. The growth in the historic period can be attributed to automotive industry growth, construction and infrastructure development, replacement of traditional materials, enhanced durability, and environmental regulations. The ethylene propylene diene monomer market size is expected to see strong growth in the next few years. It will grow to $6.39 billion in 2028 at a compound annual growth rate (CAGR) of 9.0%.
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Key Market Players:
The Dow Chemical Company, Exxon Mobil Corporation, Firestone Building Products Company LLC, Johns Manville Inc., KUMHO POLYCHEM.
Market Drivers:
According to the Ethylene Propylene Diene Monomer Market Report 2024 by The Business Research Company, the increasing construction industry is expected to drive the growth of the ethylene propylene diene monomer market forward. The construction industry refers to a wide range of activities related to the planning, design, development, construction, renovation, and maintenance of physical structures and infrastructure. Ethylene propylene diene monomer is a versatile material used in construction due to its ability to provide long-lasting protection against the elements and contribute to the structural integrity and energy efficiency of buildings.
More information about the Global Ethylene Propylene Diene Monomer Market Report -
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Market segments for Ethylene Propylene Diene Monomer include:
• By Manufacturing Process: Solution Polymerization Process, Slurry And Suspension Process, Gas-Phase Polymerization Process.
• By Sales Channel: Direct Sales, Indirect Sales
• By Application: Automotive, Building, And Construction, Manufacturing, Electrical And Electronics, Other Applications
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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