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Growing Demand For Zero-Emission Vehicles Accelerates The Ethylene Propylene Diene Monomer (EPDM) Market Driver: Leading Transformation in the Ethylene Propylene Diene Monomer Market in 2025
Ethylene Propylene Diene Monomer Market Size
The rise in the demand for vehicles that do not produce harmful emissions is propelling the ethylene propylene diene monomer market forward. The idea behind zero-emission vehicles is their ability to not release any harmful pollutants, combined with benefits like low upkeep and operating costs, and no tailpipe emissions. Ethylene propylene diene monomer's role in these vehicles is pertinent due to its ability to reduce noise and firmly adhere to metal, creating a sturdy shield against weather conditions, road surfaces and engine vibrations. The International Energy Agency (IEA) report stated that in 2020, the sales of electric cars escalated to 3 million units, marking a 40% rise from the previous year, and it is projected to skyrocket to 300 million units by 2030. Consequently, the demand surge for zero-emission vehicles is fuelling the ethylene propylene diene monomer market.
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What Is the projected market size and growth rate for the ethylene propylene diene monomer market?
The market size for ethylene propylene diene monomer has significantly expanded in the previous years. The rise is expected from $4.5 billion in 2024 to $4.87 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 8.4%. The past growth pattern can be linked to factors such as the growth of the automotive sector, development of construction and infrastructure, substitution of conventional materials, improved durability, and environmental regulations.
In the coming years, the market size for ethylene propylene diene monomer is predicted to experience substantial growth. It is anticipated to expand to $7.1 billion in 2029, with a compound annual growth rate (CAGR) of 9.9%. Factors contributing to this growth during the forecast period include automotive electrification, installations of solar energy, infrastructure renewal, durable roofing, and the need for low voc levels. Top trends during this period comprise of electric vehicle (ev) sealing, applications in 3D printing, sophisticated sealing technology, as well as tailored epdm compounds.
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What new trends are reshaping the ethylene propylene diene monomer market and its opportunities?
Leading firms in the Ethylene Propylene Diene Monomer market are concentrating their efforts on producing innovative goods like elastomeric materials to improve productivity and sustainability across different fields such as automotive and construction. For example, in July 2024, Dow, an American chemical corporation, unveiled its bio-based NORDELTM REN Ethylene Propylene Diene Terpolymers (EPDM) at the 2024 German Rubber Conference (DKT). This novel product is designed to foster sustainability in several sectors, like automotive, infrastructure, and consumer usage. By making use of bio residues from other industries as raw materials, it aims to offer a greener option that doesn't compete for land or food resources. The product is manufactured using an ISCC PLUS verified mass balance system to ensure bio-based material traceability.
What major market segments define the scope and growth of the ethylene propylene diene monomer market?
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
Subsegments:
1) By Solution Polymerization Process: Cold Polymerization, Hot Polymerization
2) By Slurry and Suspension Process: Slurry Polymerization, Suspension Polymerization
3) By Gas-Phase Polymerization Process: Gas-Phase Polymerization with Catalysts, Gas-Phase Polymerization Without Catalysts
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Which region dominates the ethylene propylene diene monomer market?
Asia-Pacific was the largest region in the ethylene propylene diene monomer market in 2024. North America was the second-largest region in the ethylene propylene diene monomer market. The regions covered in the ethylene propylene diene monomer market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Which key market leaders are driving the ethylene propylene diene monomer industry growth?
Major companies operating in the ethylene propylene diene monomer market include The Dow Chemical Company, Exxon Mobil Corporation, Firestone Building Products Company LLC, Johns Manville Inc., KUMHO POLYCHEM, The Goodyear Tire & Rubber Company, Carlisle Companies Inc., PetroChina, Versalis S.p.A., Sumitomo Chemical, JSR Corporation, Nizhnekamskneftekhim, Polimeri Europa, Jilin Xingyun Chemical, Lion Elastomers, Eni Versalis, Arlanxeo, Mitsubishi Chemical Corporation, Zhejiang Cenway New Materials, Formosa Plastics Corporation, SABIC, TSRC Corporation
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What Is Covered In The Ethylene Propylene Diene Monomer Global Market Report?
•Market Size Forecast: Examine the ethylene propylene diene monomer market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the ethylene propylene diene monomer market for a structured understanding.
•Key Players Overview: Analyze major players in the ethylene propylene diene monomer market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the ethylene propylene diene monomer market.
•Segment Contributions: Evaluate how different segments drive overall growth in the ethylene propylene diene monomer market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the ethylene propylene diene monomer market.
•Industry Challenges: Identify potential risks and obstacles affecting the ethylene propylene diene monomer market.
•Competitive Landscape: Review strategic developments in the ethylene propylene diene monomer market, including expansions, agreements, and new product launches.
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