Press release
Ethylene Propylene Diene Monomer (EPDM) Market to Reach USD 6.53 Billion by 2032, Growing at 10.54% CAGR
Ethylene Propylene Diene Monomer (EPDM) Market
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♦ Key Highlights:
Market Size & CAGR: USD 2.92 Billion in 2024; CAGR of 10.54% from 2025 to 2032.
Leading Application: Automotive components including hoses, weather-stripping, and gaskets.
Largest Regional Market: Asia-Pacific, driven by high automotive and construction investments.
Key Drivers: Growth in automotive, construction, and building sectors; demand for durable synthetic rubber.
Restraints: Fluctuating raw material prices impacting production costs.
Top Companies: Carlisle Companies Incorporated, Dow Elastomers, ExxonMobil Chemical Company, JSR Corporation, Lanxess AG, Mitsui Chemicals Inc., Sumitomo Chemical Co., Ltd.
♦ Market Outlook
EPDM, a synthetic rubber, is prized for its weather resistance, heat tolerance, and vibration absorption. Its applications span automotive, construction, tire production, wires & cables, and lubricant additives. Rising construction activities and automotive manufacturing in emerging economies are expected to sustain market growth.
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♦ Regional Insights
Asia-Pacific remains the largest regional market, with China, India, Japan, and South Korea leading demand. Europe's market growth is influenced by environmental regulations encouraging innovative EPDM applications, while North America maintains steady demand with mature automotive sectors.
♦ Key Players & Competitive Landscape
Major companies shaping the EPDM market include Carlisle Companies, Dow Elastomers, ExxonMobil Chemical, JSR Corporation, Johns Manville, Lanxess AG, Mitsui Chemicals, PetroChina, and Sumitomo Chemical, focusing on product innovation and capacity expansion.
♦ Quote
"EPDM continues to emerge as a critical material in automotive and construction sectors. With increasing urbanization and infrastructure projects, the global market is poised for strong, sustained growth over the next decade," said an industry analyst at Maximize Market Research.
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About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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