Ethylene Propylene Diene Monomer (EPDM) Market -by Application (Automotive, Building & construction, Tires and Tubes, Wires & Cables, and Lubricant Additives,) and Regional analysis - Trends & Forecast to 2024

Introduction

Ethylene propylene diene monomer also abbreviated as EPDM is a high density rubber, generally synthetic, and is highly durable in nature. EPDM is crucially suitable for its use in gaskets, electrical insulation and lamination applications. EPDM has relatively high resistance to solvents, tearing, temperatures and abrasions. EPDM can be easily finished to a smooth surface as per the requirement and has excellent elasticity, especially at high and low temperatures. It has good resistance to ordinary diluted ketones, acids and alkaline and possess excellent electrical insulating properties. EPDM is widely deployed in several end-use industries such as plastic modification, building & construction, automotive, tires & tubes, lubricant additives, and wires & cables among others. The global automotive industry is a key consumers of EPDM across the globe. EDPM is mainly used in the manufacturing of windshield wipers, brake parts, glass run channel, radiator, tubing, body sealing, weather stripping, belts, roofing membrane, engine mounts, thermoplastic vulcanizates and motor oil additive applications in automotive industry. EPDM is also used in the manufacturing of moisture barriers, vehicle glazing systems, valves, pumps and o-rings among others.

Market Dynamics

EPDM is widely used as an alternative for thermoplastic olefins and thermoplastic vulcanizates in the plastic manufacturing industry. Increasing upgrades in technology of manufacturing of plastic modification further aids in the growth of EPDM market. Key innovations by established key players in the global EPDM market leads to an increase in the demand for EPDM. In addition, increasing demand for synthetic rubber in several end use industries is anticipated to fuel the growth of ethylene propylene diene monomer market over the forecast period. The global synthetic rubber industry has come across a rapid surge in the demand for EPDM membranes especially for roofing applications in low sloped buildings. Rising construction activities as well as increasing number of renovation activities across the globe coupled with rising demand for more durable and reliable synthetic rubbers is projected to boost the growth of the EPDM market over the forecast period.

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Market Classification and Overview

The Global EPDM Market can be segmented on the basis of applications and geography. On the basis of applications, the global EPDM market can be segmented into wires & cables, building & construction, plastic modification, automotive, lubricant additive, and tires & tubes. On the basis of region, the global EPDM market can be segmented into North America, Latin America, Europe, Middle East & Africa and Asia-Pacific (APAC). The demand in APAC is expected to be the major driving factor for the growth of the global EPDM market. China is projected to be the leading market for EPDM owing to the growing industrial production in the region. Other emerging economies such as Brazil, Russia, Poland, Indonesia, New Zealand, Argentina and India are expected to significantly contribute to the growth of EPDM market over the forecast period.

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Report Coverage

Market Ethylene Propylene Diene Monomer (EPDM) Market
Analysis Period 2014 – 2024
Historic Data 2014 – 2015
Base Year 2016
Forecast Data 2017 – 2024
Market Stratification Application, Geography
Regional Scope North America, Europe, Asia-Pacific, Latin America, Middle East and Africa (MEA)
Report Coverage Market Trends, Drivers, Restraints, Porter's Five Forces Analysis, Competitive Analysis, Player Profiling, Value Chain Analysis

Market Participants

The leading players involved in the manufacture and supply of EPDM include Dow Chemical Company, Carlisle Companies Incorporated, JSR Corporation, ExxonMobil Chemical Company, Kumho Polychem Co. Ltd., Johns Manville Incorporated, Lion Copolymer LLC., Lanxess AG, PJSC Nizhnekamskneftekhim, Mitsui Chemicals Inc, SK Global Chemical Co. Ltd., PetroChina Co. Ltd., Sumitomo Chemical Co., Ltd. and Versalis (Polymer Europa Spa) among others.

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Market Segmentation

Market By Application

Wires & cables

Building & construction

Plastic modification

Automotive

Lubricant additive

Tires & tubes

Others

Market By Geography

North America

o US

o Canada

o Mexico

Europe

o UK

o Germany

o France

o Rest of Europe

Asia-Pacific

o China

o Japan

o India

o Australia

o Rest of Asia-Pacific

Latin America

o Brazil

o Rest of Latin America

Middle East and Africa (MEA)

o South Africa

o Saudi Arabia

o Rest of MEA

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