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Top Trends Transforming the Ethylene Propylene Diene Monomer Market Landscape in 2025: Innovative Products Driving The Ethylene Propylene Diene Monomer (EPDM) Market
Ethylene Propylene Diene Monomer
What Will the Ethylene Propylene Diene Monomer Industry Market Size Be by 2025?
The market size of ethylene propylene diene monomer has seen robust growth lately. Its expansion is expected to continue, rising from $4.5 billion in 2024 to $4.87 billion in 2025, achieving an 8.4% compound annual growth rate (CAGR). The substantial growth during the historical period is due to elements like the surge in the automotive industry, developments in construction and infrastructure, the substitution of conventional materials, improved durability, and environmental regulations.
What's the Long-Term Growth Forecast for the Ethylene Propylene Diene Monomer Market Size Through 2029?
The market size for ethylene propylene diene monomer is projected to experience significant growth in the coming years, expanding to $7.1 billion by 2029 with a compound annual growth rate (CAGR) of 9.9%. This anticipated growth during the forecast period can be credited to factors such as automotive electrification, the installation of solar energy structures, infrastructure renovation, robust roofing, and the requirements for low volatile organic compounds (VOC). The prevalent trends during this forecast period include electric vehicle (EV) sealing, the utilization of 3D printing, cutting-edge sealing technology, and customized EPDM compounds.
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What Are the Key Growth Drivers Fueling the Ethylene Propylene Diene Monomer Market Expansion?
The escalating need for vehicles with no emissions is fuelling the expansion of the ethylene propylene diene monomer market. Non-emitting vehicles, which release no hazardous gases or pollutants, offer numerous benefits like reduced upkeep expenses, negligible running costs, and zero exhaust emissions. Ethylene propylene diene monomer is used in these eco-friendly vehicles due to its ability to reduce noise and adhere easily to metal, creating an effective protective layer against the elements, the terrain, and engine tremors. The International Energy Agency (IEA) report states that electric vehicle sales hit 3 million units in 2020, a rise of 40% compared to the previous year. The sales are expected to skyrocket to 300 million units by the year 2030. Consequently, the burgeoning demand for non-emitting vehicles is propelling the growth of the ethylene propylene diene monomer market.
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What Are the Key Trends Driving Ethylene Propylene Diene Monomer Market Growth?
Key players in the Ethylene Propylene Diene Monomer market, such as Dow, are targeting innovation by formulating new products like elastomeric substances that intensify both performance and sustainability across several sectors including the automotive and construction industries. In July 2024, this US-based chemical corporation made headlines with the unveiling of its eco-friendly product, NORDELTM REN Ethylene Propylene Diene Terpolymers (EPDM), at the 2024 German Rubber Conference (DKT). The prime objective of this product is to promote sustainability across various sectors such as automotive, infrastructure, and consumer applications. To lower carbon footprint, NORDELTM REN EPDM makes use of industrial bio waste as raw materials, hence it does not compete for resources of land or food production. The ISCC PLUS certified mass balance system is used in producing this product, thereby ensuring a traceable source of bio-based materials.
How Is the Ethylene Propylene Diene Monomer Market Segmented?
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 Companies Are Leading the Charge in Ethylene Propylene Diene Monomer Market Innovation?
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
Which Regions Are Leading the Global Ethylene Propylene Diene Monomer Market in Revenue?
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.
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