openPR Logo
Press release

Ethylene Propylene Diene Monomer Market: Future Demand and Growth Analysis with forecast 2024

Ethylene Propylene Diene Monomer Market: Future Demand

The global ethylene propylene diene monomer (EPDM) market is marked by an extremely high level of consolidation, with the top six companies accounting for over 80% of the market in 2015, states TMR in a recent report. These top six companies, including ExxonMobil Chemical Company, Kumho Polychem, LANXESS AG, Mitsui Chemicals, Lion Copolymer LLC, and The Dow Chemical Company, are the key determinants of the overall development of the market presently.

Browse Market Research Report: http://www.transparencymarketresearch.com/ethylene-propylene-diene-monomer-rubber.html

However, a large number of local vendors are venturing in the global EPDM market, a trend which is expected to intensify the competition substantially in the market in the next few years. This trend is also expected to bring down the level of consolidation, leading to the development of sustainable growth prospects for new entrants as well. Mergers and acquisitions are likely to have a major impact on the overall dynamics of the market and companies are expected to increase their focus on emerging markets with promising growth opportunities.

Rising Demand for EPDM from Automotive Industry Key Driving Force

The automotive industry is the most prominent consumer of EPDM, accounting for a share of over 40% in the overall consumption of EPDM in the global market in 2015. The automotive industry has seen significant expansion in the past few years, especially across developing economies such as Asia Pacific and Latin America. Developed regions such as North America and Europe have also witnessed sustainable growth in the automotive industry post the economic downturn of 2008. In the next few years as well, the automotive industry will exhibit favorable growth in the global market and present vast growth opportunities for the EPDM market.

The sector of thermoplastic modification is also expected to present promising growth opportunities for the global EPDM market in the next few years. The vast rise in the global demand for thermoplastic olefins (TPO) and thermoplastic vulcanizates (TPV) across industries such as construction, packaging, medical devices, and consumer goods will help fortify the projected trend.

Get TOC Of This Report @ http://www.transparencymarketresearch.com/report-toc/1285

Oversupply of EPDM Owing to Consistent Capacity Additions to Intensify Price Pressure

The global EPDM market has witnessed a prominent shift in its demand-supply dynamics in the past few years. In 2010, the global demand for EPDM outstripped the global supply. However, the situation has almost reversed in the past few years. Owing to substantial capacity additions by major vendors such as LANXESS, Mitsui Chemicals, Kumho Polychem, and ExxonMobil Chemical Company post the recent economic depression, the market presently struggles with the oversupply of EPDM.

This factor is expected to expedite the competition in the market, adding to the price pressures of existing manufacturers. As a result, the growth prospects of the market are expected to be hampered to a certain extent in the next few years.

Get accurate market forecast and analysis on the Ethylene Propylene Diene Monomer market. Request a sample to stay abreast on the key trends impacting this market @ http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1285

Emerging Economies to Present Most Promising Growth Prospects

The global EPDM market is expected to expand at a healthy pace of 5.4% over the period between 2016 and 2024. The market, which had a valuation of US$2.63 bn in 2015, is expected to rise to US$4.20 bn by 2024. From a geographical perspective, emerging economies such as Asia Pacific and Latin America are expected to lead to the most lucrative growth opportunities for the global EPDM market in the next few years. Asia Pacific, which accounted for the dominant share of over 40% in the overall global EPDM consumption in 2015, is expected to remain the dominant regional market over 2016 to 2024 as well.

About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Contact Us

Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com/

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Ethylene Propylene Diene Monomer Market: Future Demand and Growth Analysis with forecast 2024 here

News-ID: 714562 • Views: 104

More Releases from Transparency Market Research

Wind Turbine Operations and Maintenance Market Demand and Growth Analysis with F …
Overview TMR’s report on the Wind Turbine Operations and Maintenance Market is an all-important tool for stakeholders in their pursuit to discover avenues for innovation, and further undertake strategic planning for the launch of products and services. Our research report on the Wind Turbine Operations and Maintenance Market serves as a valuable guide for stakeholders. The report deep dives into demand drivers, challenges, and opportunities that are likely to influence the Wind
Petroleum Coke Market Shares, Strategies and Opportunities 2020
Overview TMR’s report on the Petroleum Coke Market is an all-important tool for stakeholders in their pursuit to discover avenues for innovation, and further undertake strategic planning for the launch of products and services. Our research report on the Petroleum Coke Market serves as a valuable guide for stakeholders. The report deep dives into demand drivers, challenges, and opportunities that are likely to influence the Petroleum Coke Market over the forecast period.
Bunker Fuel Market Segmentation and Forecast Analysis up to 2020
Overview TMR’s report on the Bunker Fuel Market is an all-important tool for stakeholders in their pursuit to discover avenues for innovation, and further undertake strategic planning for the launch of products and services. Our research report on the Bunker Fuel Market serves as a valuable guide for stakeholders. The report deep dives into demand drivers, challenges, and opportunities that are likely to influence the Bunker Fuel Market over the forecast period.
Concentrated Solar Power Market Detailed Analysis and Forecast up to 2020
Overview TMR’s report on the Concentrated Solar Power Market is an all-important tool for stakeholders in their pursuit to discover avenues for innovation, and further undertake strategic planning for the launch of products and services. Our research report on the Concentrated Solar Power Market serves as a valuable guide for stakeholders. The report deep dives into demand drivers, challenges, and opportunities that are likely to influence the Concentrated Solar Power Market over

All 5 Releases


More Releases for EPDM

Ethylene-Propylene-Diene Monomer (EPDM) Market Insights, Forecast to 2025
Global Ethylene-Propylene-Diene Monomer (EPDM) market size will increase to Million US$ by 2025, from Million US$ in 2017, at a CAGR of during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Ethylene-Propylene-Diene Monomer (EPDM). This report researches the worldwide Ethylene-Propylene-Diene Monomer (EPDM) market size (value, capacity, production and consumption) in key
EPDM Sealing Strip Market Report 2018: Segmentation by Product (AAA EPDM Sealing …
Global EPDM Sealing Strip market research report provides company profile for Hutchinson, SaarGummi, Tokai Kogyo, Hokusay, KISO, Guihang Hongyang, Shenya Sealing, Cooper, Henniges, Toyoda Gosei, Meteor, Nishikawa and Others. This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to
Ethylene Propylene Diene Monomer (EPDM) Market Technology Trends in Future
MarketResearchReports.Biz adds “Global Ethylene Propylene Diene Monomer (EPDM) Market Share, Size, Trends and Forecast Market Research Report” reports to its database. This report provides a strategic analysis of the Ethylene Propylene Diene Monomer (EPDM) and the growth estimates for the forecasted period. Ethylene propylene diene monomer (EPDM) is a high-density rubber that is very durable. EPDM has some characteristics that make it especially suitable for gaskets, electrical insulation and lamination. EPDM
EPDM Market to Witness Comprehensive Growth By 2020
EPDM or Ethylene Propylene Diene Monomer is a high-density synthetic rubber and is very durable in nature. EPDM is mainly suitable for use in electrical insulation, gaskets and for lamination. It has high resistance to tearing, solvents, abrasives and temperatures. EPDM can be finished to a particularly smooth surface. It has excellent elasticity at low and high temperatures. It has superb electrical insulating properties and good resistance to ordinary diluted acids,
2017-2021 Research “EPDM” Global Market
"Global EPDM Market 2017-2021" The Report covers current Industries Trends, Worldwide Analysis, Global Forecast, Review, Share, Size, Growth, Effect. . . Description- '
EPDM Elastomer Sales Market
EPDM Elastomer Sales Market global EPDM Elastomer market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022. Read Detailed Market Report @ https://www.reportsandmarkets.com/reports/global-epdm-elastomer-sales-market-report-2017-1622994 Geographically, this report split global into several key Regions, with sales (K MT), revenue (Million USD), market share and growth rate of EPDM Elastomer for