IMARC Group, a leading market research company, has recently releases report titled “Ethylene Propylene Diene Monomer (EPDM) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032”, Offers a comprehensive analysis of the industry, which comprises insights on the global ethylene propylene diene monomer market.
How Big is the Ethylene Propylene Diene Monomer (EPDM) Market?
The global ethylene propylene diene monomer market size reached US$ 5.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 7.2 Billion by 2032, exhibiting a growth rate (CAGR) of 4% during 2024-2032.
Industry Overview of Ethylene Propylene Diene Monomer (EPDM)
Ethylene propylene diene monomer (EPDM) is a synthetic monomer with a saturated polyethylene chain. It is a blend of three monomers such as ethylene, propylene, and diene, and is produced using suspension, solution polymerization, or gas-phase polymerization techniques. It is utilized in several applications, such as belts, roofing membranes, non-slip coatings, tubing, air ducts, plugs, window, and door seals, drain tubes, and trunk seals. It is also resistant to aging, oxidation, heat, chemicals, ozone, weathering, and ultraviolet (UV) rays. In addition, it provides superior tear strength, durability, flexibility, excellent noise reduction properties, and better bonding with metal. As a result, EPDM is widely adopted in the construction, electrical, automotive, manufacturing, and electronics sectors.
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/ethylene-propylene-diene-monomer-market/requestsample
What are the growth prospects and trends in the ethylene propylene diene monomer (EPDM) industry?
The market is primarily driven by the expanding automotive industry due to the increasing expenditure capacities and the growing population. EPDM is widely used in car parts, such as airbag covers and door and window seals. In addition, the rapid advancements in building and construction activities, including roofing solutions, podium decks, swimming pools, and basements due to their flexibility and eco-friendliness, are contributing to the market growth.
Moreover, various technological innovations, such as the introduction of bio-based EPDM to offer better adhesion on metal and oil resistance and temperature flexibility, represent another major growth-inducing factor. Besides this, the widespread adoption of EPDM in heating, ventilation, and air conditioning (HVAC) applications as it offers high electrical insulation and resistance against water and heat, is providing a positive thrust to the market growth.
Furthermore, rapid industrialization, extensive research and development (R&D) activities, and mergers and acquisitions (M&A) among key players are also creating a favorable market outlook.
Table of Contents
Leading Companies Operating in the Global Ethylene Propylene Diene Monomer (EPDM) Industry:
- Arlanxeo
- Carlisle Companies Incorporated
- Dow Inc.
- Exxon Mobil Corporation
- Firestone Building Products (Holcim Group)
- Jilin Xingyun Chemical Co. Ltd.
- Johns Manville (Berkshire Hathaway Inc.)
- Kumho Polychem (Kumho Petrochemical Co. Ltd)
- Lion Elastomers
- Mitsui Chemicals Inc.
- West American Rubber Company LLC.
Ethylene Propylene Diene Monomer (EPDM) Market Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Manufacturing Process:
- Solution Polymerization Process
- Slurry and Suspension Process
- Gas-Phase Polymerization Process
Breakup by Sales Channel:
- Direct Sales
- Indirect Sales
Breakup by Application:
- Automotive
- Building and Construction
- Manufacturing
- Electrical and Electronics
- Others
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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