Global EPDM Market was valued at US$ XX Bn in 2019 and expected to reach US$ $ XX Bn by 2027, at a CAGR of 10.54% during the forecast period.
The report includes the analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
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Ethylene Propylene Diene Monomer (EPDM) a type of synthetic rubber, is an elastomer characterized by a wide range of applications. EPDM has some unique characteristics, such as high weather resistance, heat resistance, and vibration absorption, which makes it suitable for different applications in the automotive industry.
It is widely used in automotive parts, such as hoses, weather-stripping, brake parts, windshield wipers, brake parts, windshield wipers, body sealing, tubing, radiator, belts, engine mounts, roofing membrane, weather-stripping, thermoplastic vulcanizates, and motor oil additive applications. Further, it is used in mechanical goods for under-hood applications.
One of the major drivers for this market is the growing demand for synthetic rubber in automotive industries and constructions. In addition, the increasing construction activities are likely to drive the EPDM market.
The fluctuation of the raw material prices is the main restraint in the EPDM market, which will influence the demand-supply situation.
Asia-Pacific is expected to remain the largest regional market till 2026 with high investments in applications such as automotive, plastic modification, and building & construction industry in India, China, Japan, Thailand, and South Korea.
North America has relatively mature economic conditions. Due to the environmental issues in Germany, many industries like automobiles and plastic choose to use innovative EPDM, which leads to further increase in the EPDM market in the European region.
The key companies profiled in Global Acrylic Esters Market Report are Carlisle Companies Incorporated, Dow Elastomers, Exxonmobil Chemical Company, JSR Corporation, Johns Manville Incorporated, Kumho Polychem Co. Ltd., Lanxess AG, Lion Copolymer Llc., Mitsui Chemicals Inc, OAO Nizhnekamskneftekhim, Petrochina Co. Ltd., SK Global Chemical Co. Ltd., Versalis (Polymer Europa Spa) and Sumitomo Chemical Co., Ltd.
The report covers the total market for EPDM has been analyzed based on the Porter's five forces model. The impact of the different market factors, such as drivers, restraints, and opportunities, challenges, key issues, SWOT analysis, and technology forecasting is also illustrated in the report. This gives an idea about the key drivers, such as high growth and demand in emerging economies countries.
Scope of the EPDM Market: Inquire before buying
Global EPDM Market, by Application
• Building & construction
• Tires and Tubes
• Wires & Cables
• Lubricant Additives
Global EPDM Market, by Region
• North America
• Middle East & Africa
• South America
Key Players Operating in EPDM Market:
• Carlisle Companies Incorporated
• Dow Elastomers
• Exxonmobil Chemical Company
• JSR Corporation
• Johns Manville Incorporated
• Kumho Polychem Co. Ltd.
• Lanxess AG
• Lion Copolymer Llc.
• Mitsui Chemicals Inc
• OAO Nizhnekamskneftekhim
• Firestone Building Products Company
• Petrochina Co. Ltd.
• SK Global Chemical Co. Ltd.
• Versalis (Polymer Europa Spa)
• Sumitomo Chemical Co., Ltd.
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