EPDM (Ethylene Propylene Diene Monomer) Market By Application (Automotive, Building & Construction, Tires & Tubes, Wires & Cables, Lubricant Additives, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2026

Global EPDM (Ethylene Propylene Diene Monomer) market expected to generate around USD 9.87 billion by 2026, at a CAGR of around 5.4% between 2019 and 2026. The global EPDM (Ethylene Propylene Diene Monomer) market is expected to witness substantial growth in the future, owing to the flourishing automotive industry in several regions across the globe.

30-Jul-2019 | Number of pages: 110 | Report Code: ZMR-4512 | Report Format : | Status : Published

Analysis

The global EPDM (Ethylene Propylene Diene Monomer) market is expected to witness substantial growth in the future, owing to the flourishing automotive industry in several regions across the globe. EPDM (Ethylene Propylene Diene Monomer) is a type of synthetic rubber that can be used in a wide range of applications. EPDM is made from ethylene, propylene and a diene comonomer and is compatible with polar substances, such as fireproof hydraulic fluids, hot and cold water, ketones, and alkalis. EPDM is commonly used in vehicles for making window seals, door seals, trunk seals, and hood seals. EPDM has a high resistance to solvents, tearing, extreme temperatures, and abrasives. EPDM can be finished to a particularly smooth surface along with having excellent elasticity at extremely high and low temperatures. EPDM is used in various industries like building and construction, tires and tubes, plastic modification, automotive, lubricant additives, and wires and cables. The increasing use of EPDM for plastic modification applications and rising domestic consumption of EPDM in China is expected to further drive the global EPDM (Ethylene Propylene Diene Monomer) market over the forecast time period. The growing EPDM demand from the Asia Pacific is likely to provide new growth opportunities for the global EPDM (Ethylene Propylene Diene Monomer) market in the upcoming years.

The global EPDM (Ethylene Propylene Diene Monomer) market is fragmented based on application into automotive, building and construction, tires and tubes, wires and cables, lubricant additives, and others. The automotive segment is expected to grow at the highest rate, owing to the wide EPDM usage in the automotive industry. EPDM in the automotive industry is used for manufacturing radiator, brake parts, wipers, glass-run channel, body sealing, engine mounts, and roofing membrane along with making vehicle glazing systems, moisture barriers, O-rings, valves, and pumps. This wide range of EPDM applications in the automotive segment is expected to drive this segment over the forecast time period. The lubricant additive is another segment that is expected to grow rapidly in the future, owing to EPDM’s propensity to absorb oil, making it advantageous to be used in oil viscosity improving applications.

The Asia Pacific region is expected to hold a major share in the EPDM (Ethylene Propylene Diene Monomer) market globally over the forecast time period. China is expected to drive the Asia Pacific EPDM (Ethylene Propylene Diene Monomer) market. The region’s flourishing automotive industry is majorly boosting this market. India and Malaysia are expected to be the major countries that will contribute to this market’s growth.

Some key players operating in the global EPDM (Ethylene Propylene Diene Monomer) market are ExxonMobil Chemical, PetroChina, SK Global Chemical, Mitsui Chemicals, Carlisle Companies, Dow Elastomers, John Manville, JSR Corporation, Lanxess, and Kumho Polychem.


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