Ethylene Propylene (EPDM) Market Report 2024 Growth Analysis, Key Players, Overview, Trends And Forecast 2033

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Ethylene Propylene (EPDM) Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $10.8 billion In 2028 At A CAGR Of 9.7% :

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%. The growth in the forecast period can be attributed to renewable energy infrastructure, automotive electrification, green and sustainable materials, oil and gas sector. Major trends in the forecast period include bio-based epdm, high-performance formulations, recycled epdm, flexible electronics and conductive applications.

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Ethylene Propylene (EPDM) Market Major Segments
The ethylene propylene (epdm) market covered in this report is segmented -
1) By Product Type: Solution Polymerization, Suspension Polymerization
2) By Application: Automotive, Building & Construction, Plastic Modification, Lubricant Additive, Wires & Cables, Tires & Tubes

Key Driver - Versatile Applications Of Ethylene-Propylene Driving Market Expansion

The use of ethylene propylene across various industries contributes to the growth of the ethylene-propylene market. In the automotive industry, EPDM products bond well with metals by providing a well-built barrier against the environment. EPDM possesses properties such as heat resistance, abrasion resistance, oil swell resistance, flame retardance, oxidation, ozone, and weather aging due to its stable, saturated polymer backbone structure. Companies such as BRP manufacturing are providing EPDM for the automotive industry that includes under-the-hood, cabin pressure-equalizing assemblies, interior trim, and striker plate blinds. Thus, the usage of EPDM in different industries is contributing to the EPDM market's growth.

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Prominent Trend - Introduction Of High-Performance And Sustainable Engineering Polymers

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.

Ethylene Propylene (EPDM) Market Players
Major companies operating in the ethylene propylene (EPDM) market include Dow Chemical Company, Exxon Mobil Corporation, Johns Manville Inc., Kumho Polychem Co. Ltd., Lanxess AG, Lion Elastomers LLC, Mitsui Chemicals Inc., SK Global Chemical Co. Ltd., Sumitomo Chemical Co. Ltd., Versalis SpA, JSR Corporation, Saudi Arabia's Basic Industries Corporation, SSME, Jilin Xingyun Chemical Co. Ltd., Lion Copolymer Holdings LLC, PetroChina Company Limited, Nizhnekamskneftekhim PJSC, BASF SE, China Petroleum and Chemical Corporation, Avient Corporation, Carlisle Companies Inc., Rubber Engineering & Development Company (REDCO), Firestone Building Products Company LLC, Warco Biltrite, Arlanxeo, Trelleborg Group, Freudenberg Sealing Technologies Limited, Parker Hannifin Corporation, James Walker & Co., ERIKS NV, Kemipex Chemicals Trading LLC, Kismet Rubber Products Corp, Carlisle SynTec Systems, Carlisle SynTec, GenFlex Roofing Systems LLC

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Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the ethylene-propylene market in 2023. Middle East was the second-largest region in the global ethylene-propylene market. The regions covered in the ethylene propylene (EPDM) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Ethylene Propylene (EPDM) Market Report Structure
3. Ethylene Propylene (EPDM) Market Trends And Strategies
4. Ethylene Propylene (EPDM) Market - Macro Economic Scenario
5. Ethylene Propylene (EPDM) Market Size And Growth
…..
27. Ethylene Propylene (EPDM) Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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