Press release
Global Ethylene Propylene Diene Monomer (EPDM) Rubber Market Size, Status and Forecast 2022
Ethylene Propylene Diene Monomer (EPDM) Rubber Market
The consumption value of global Ethylene Propylene Diene Monomer (EPDM) Rubber market is USD 2501 million in 2016 and is expected to reach USD 3476 million by the end of 2023, growing at a Growth Rate of 5% between 2017 and 2023.
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Ethylene propylene diene monomer rubber provides excellent compatibility with hydraulic fluids that are fireproof, alkalis, cold and hot water and ketones and provides inadequate compatibility with most of the concentrated acids, halogenated solvents, kerosene, oils, aliphatic hydrocarbons, gasoline, and aromatic hydrocarbons. The major elements of the ethylene propylene diene monomer rubber are its excellent resistance to weather, heat and ozone. It also provides good resistance to steam and polar substances. It contains outstanding properties of electrical insulation. It provides considerable resistance to alkalis, ketones and acids that are ordinarily diluted. Ethylene Propylene Diene Monomer rubbers are extensively useful in speaker cone surrounds, O-rings, belts, garden and appliance hose, washers, solar panel heat collectors, and tubing. It is also utilized as a platform for resisting water in ubber mechanical goods, roof membranes, thermoplastic, cable-jointing, geomembranes, vulcanizates and plastic impact modification. Ethylene Propylene Diene Monomer granules that are colored are combined with binders of polyurethane and are then spayed onto concrete, wood, asphalt, interlocking brick, screenings etc. in order to develop a soft, non-slip and porous safety platform like pool decks or safety surfacing for playgrounds in order to reduce injuries.
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Increasing requirement of synthetic rubber in several industries is anticipated to boost the growth of the global ethylene propylene diene monomer rubbers market in the coming years. The global industry of synthetic rubber has noticed significant growth due to demand of ethylene propylene diene monomer membranes that are used for building with low-slopes. Growing renovation and construction applications along with increasing requirement for long-lasting synthetic rubbers is said to boost the growth of this market. Furthermore growing application of ethylene propylene diene monomer rubbers in the automotive industry for window seals, engine hose and doors is spurring the demand and leading to substantial growth of the market.
On the basis of end-use industries this market is segmented into building & construction, tires& tubes, wires &cables, automotive and adhesives. The key players that operate in the ethylene propylene diene monomer rubbers market are The Dow Chemical Company,Lion Copolymer,Firestone Building Products Company,KumhoPolychem Company and Mitsui Chemicals. Geographically, this market is segmented into Asia, Europe, North America and RoW.
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