Press release
Growth Potential in Ethylene Propylene Diene Monomer Market Unveiled: Market Size and Key Drivers
Ethylene Propylene Diene Monomer Market
The ethylene propylene diene monomer (EPDM) market has witnessed robust growth, surging from $4.16 billion in 2023 to an estimated $4.53 billion in 2024, manifesting an impressive Compound Annual Growth Rate (CAGR) of 8.8%. Anticipated to continue this trajectory, the market is poised to reach $6.39 billion by 2028, sustaining a strong CAGR of 9.0%.
Driving Factors:
1. Accelerated Growth Through Zero-Emission Vehicles Demand:
The ethylene propylene diene monomer market is experiencing a significant boost, fueled by the escalating demand for zero-emission vehicles. As the automotive industry shifts towards eco-friendly solutions, EPDM proves integral for its noise reduction capabilities and weather-resistant properties, aligning perfectly with the requirements of zero-emission vehicles. The International Energy Agency (IEA) projects a remarkable increase in electric car sales, reaching 300 million units by 2030, further propelling the demand for ethylene propylene diene monomer.
2. Construction Industry Spurs Market Expansion:
The burgeoning construction industry emerges as a prime catalyst for the ethylene propylene diene monomer market's growth. EPDM's versatility plays a pivotal role in providing enduring protection against the elements, enhancing structural integrity, and contributing to the energy efficiency of buildings. With the construction sector witnessing substantial growth, as evidenced by an 8% increase in the overall value of construction in the US between 2020 and 2021, the demand for ethylene propylene diene monomer is expected to soar.
Explore the Global Ethylene Propylene Diene Monomer Market with a Detailed Sample Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=7295&type=smp
Key Players:
Major players shaping the ethylene propylene diene monomer market landscape include The Dow Chemical Company, Exxon Mobil Corporation, Firestone Building Products Company LLC, and Carlisle Companies Inc. These industry leaders contribute significantly to market innovations and advancements.
Trends:
1. Innovative Products Reshaping the Market:
Product innovation takes center stage as a key trend in the ethylene propylene diene monomer market. Major players focus on creating innovative products to meet industry demands, responding to technological advancements, membrane research, and evolving contractor requirements. Notably, InterApp's launch of an EPDM liner for rubber-lined butterfly valves exemplifies the industry's commitment to delivering high-performance solutions.
2. Capacity Expansion to Meet Growing Demand:
In response to surging demand in automotive, construction, and other sectors, major companies are strategically expanding their production capacities. Arlanxeo's 15% increase in EPDM production capacity at its Changzhou plant in China, aimed at meeting growing industry demands, showcases the commitment of key players to cater to market needs.
Regional Insights:
Asia-Pacific stands as the largest region in the ethylene propylene diene monomer market in 2023, closely followed by North America. The comprehensive market coverage spans Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
Segmentation:
The ethylene propylene diene monomer market covered in this report is segmented -
1) By Manufacturing Process: Solution Polymerization Process, Slurry And Suspension Process, Gas-Phase Polymerization Process
2) By Sales Channel: Direct Sales, Indirect Sales
3) By Application: Automotive, Building, And Construction, Manufacturing, Electrical And Electronics, Other Applications
Access the Complete Report for In-Depth Analysis:
https://www.thebusinessresearchcompany.com/report/ethylene-propylene-diene-monomer-global-market-report
Ethylene Propylene Diene Monomer Global Market Report 2024 from TBRC covers the following information:
Market size date for the forecast period: Historical and Future
Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.
The Ethylene Propylene Diene Monomer Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on ethylene propylene diene monomer market size, ethylene propylene diene monomer market drivers and trends, ethylene propylene diene monomer market major players, ethylene propylene diene monomer market competitors' revenues, ethylene propylene diene monomer market positioning, and ethylene propylene diene monomer market growth across geographies. The ethylene propylene diene monomer market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
Browse Through More Similar Reports By The Business Research Company:
Chemical As A Service Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/chemical-as-a-service-global-market-report
Chemicals Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/chemicals-global-market-report
Chlor-Alkali Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/chlor-alkali-global-market-report
."Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model "
"Want To Know More About The Business Research Company?
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.
Global Market Model - World's Most Comprehensive Database
The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps"
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Growth Potential in Ethylene Propylene Diene Monomer Market Unveiled: Market Size and Key Drivers here
News-ID: 3365590 • Views: …
More Releases from The Business research company
Aerospace and Industrial Ignition Systems and Aircraft Ignition System Industry …
Get 30% off global market reports with code ONLINE30 and keep ahead of tariffs, macro trends, and worldwide economic developments.
How Will the Aerospace and Industrial Ignition Systems and Aircraft Ignition System Market Grow by 2025 in Terms of Size and Growth?
The market size for aerospace and industrial ignition systems, including aircraft ignition systems, has seen significant growth recently. The market is projected to increase from $2.62 billion in 2024 to…
Global Total Containment Vessel Market Size, Share, and Forecast Analysis 2025-2 …
Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.
What Are the Total Containment Vessel Market Size Forecast for 2025?
In recent times, the containment vessel market's overall size has experienced significant expansion. Anticipated to rise from $0.9 billion in 2024 to $0.96 billion in 2025, the market boasts a compound annual growth rate (CAGR) of 6.8%. The upswing…
RDX, HMX, And C-4 Market Analysis: $20.79 Billion by 2029 With a CAGR of 6%
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.
RDX, HMX, And C-4 Market Value Projection: How Much Will the Market Size by 2025?
The market size of rdx, hmx and c-4 has experienced robust growth in the past few years. The market, which is valued at $15.6 billion in 2024, is anticipated to reach $16.47 billion in 2025, reflecting…
Inertial Navigation Systems Market Growth to be Driven by Emerging Trends | $15. …
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.
What is the Projected Market Size of the Inertial Navigation Systems Industry?
The market size for inertial navigation systems has witnessed significant expansion in the past few years. The market value is anticipated to increase from $11.74 billion in 2024 to $12.43 billion in 2025, registering a compound annual growth rate…
More Releases for Ethylene
[Latest] Ethylene Oxide And Ethylene Glycol Market Future Outlook: Importance an …
Ethylene Oxide and Ethylene Glycol Market: Outlook & Investment Analysis
Q1: What is the current outlook of the Ethylene Oxide and Ethylene Glycol market?
The global Ethylene Oxide and Ethylene Glycol market is experiencing moderate growth due to rising demand from the automotive, packaging, and textile industries. Ethylene Glycol, widely used in antifreeze formulations and polyester fiber production, is gaining traction in Asia-Pacific due to the expanding manufacturing sector. Ethylene Oxide, used…
Ethylene Tetrafluoroethylene
The Ethylene Tetrafluoroethylene (ETFE) Market is witnessing strong growth driven by rising demand in aerospace, construction, solar, and electronics applications due to its lightweight, durable, chemical-resistant, and UV-resistant properties.
Ethylene Tetrafluoroethylene Market is positioned for robust growth, and shifting market dynamics reshaping the competitive landscape. DataM Intelligence's new report provides data-driven insights, SWOT analysis, and marketing-ready intelligence for businesses seeking to improve market penetration and campaign ROI.
Get your exclusive sample report…
Ethylene Oxide and Ethylene Glycol Market: A Guide to Understanding the Process
The Ethylene Oxide and Ethylene Glycol Market size is estimated to be approximately USD 35.4 billion in 2024 and is projected to reach around USD 58.9 billion by 2033, growing at a CAGR of about 6.0% during the period from 2025 to 2033.
Ethylene Oxide and Ethylene Glycol Market Overview
The Ethylene Oxide and Ethylene Glycol Market is witnessing steady growth driven by increasing demand from end-use industries such as automotive,…
Ethylene Oxide and Ethylene Glycol Market 2024 Driving Factors Forecast Research …
The global ethylene oxide and ethylene glycol market is anticipated to grow at a considerable CAGR of 5.1% during the forecast period (2024-2031). Ethylene glycol's versatility in industries such as automotive, textile, packaging, and construction fuels demand, especially in emerging economies. Its crucial role in polyester fiber production, coupled with its use as an antifreeze agent in automobiles, amplifies market expansion. Technological advancements and research investments contribute to enhanced product quality and…
Ethylene Oxide Market
Introduction
Ethylene oxide (EO) is a versatile chemical used widely across industries. As an organic compound, ethylene oxide plays a crucial role in the production of other chemicals, such as ethylene glycol, which is a key ingredient in products like antifreeze and polyester. Due to its reactivity, it is involved in numerous chemical processes, contributing significantly to the modern industrial economy. Its importance can be seen in various applications such as…
Ethylene Dimerization Market: Transforming Ethylene into Valuable Hydrocarbons
Report Summary:
Coherent Industry Insights presents encyclopedic research of the Ethylene Dimerization Market with holistic insights into significant variables and features driving the future growth of the market. The Ethylene Dimerization Market was studied for the projected year 2023-2030 as well as the historical period 2017-2022. The research study provides complete qualitative and quantitative analysis to help shareholders obtain a thorough grasp of the Ethylene Dimerization Market and its crucial dynamics.
In…
