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Ethylene Propylene Diene Monomer (EPDM) Market, by Regional Growth Factors, Trends & Analysis of Leading Players By 2024

Author : Rahul Varpe | Published Date : 2019-09-04 

Rising investment in the automotive sector along with a surge in demand for luxury cars will stimulate Ethylene Propylene Diene Monomer (EPDM) Market over the coming seven years. According to Global Market Insights, Inc., “Global ethylene propylene diene monomer (EPDM) market value worth USD 2.68 billion in 2015, will register an annual growth rate of more than 5% over the period of 2016-2024.”

Automotive sector accounted for more than 40% of worldwide EPDM market share in 2015 and is projected to register a notable growth rate over the coming timeframe. The growth can be attributed to the increasing manufacturing of automotive parts such as door seals, rear lamp gaskets, tire sidewalls, belt drives, braking systems, inner tire tubes, tire sidewalls, hoses, interior panels of the car and front & rear bumpers.

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The rise in the number of the construction and renovation activities across the globe will drive the industry size. Furthermore, rapidly expanding TPO sector  is projected to favorably impact EPDM market trends over the years to come.Automotive, construction, plastics, lubricant additives, and electrical & electronics are the primary application areas of EPDM industry. Electrical & electronics application worth USD 140 million in 2015, is anticipated to record a significant growth over the coming seven years, owing to the desirable mechanical and thermal properties of EPDM. Construction application will exhibit an annual growth rate of more than 5%, mainly driven by surging product demand across civil structures along with its ability to resist cold, air pollution, heat, and sunlight. In addition, the prominent use of EPDM for roofing will also influence the ethylene propylene diene monomer industry size noticeably.

Considering the regional landscape, Asia Pacific ethylene propylene diene monomer market will exhibit an annual growth rate of more than 6% over the period of 2016 to 2024. The escalating expenditure on infrastructure development to fulfill the mounting need of the exponentially growing population will augment the industry growth. India and China will be the major revenue contributors of the region. Additionally, rapidly expanding automotive sector across Indonesia will also positively influence APAC EPDM market size.

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North America EPDM industry worth USD 600 million in 2015, will register a considerable growth over the coming years. Surging renovation activities in the commercial and residential infrastructure will also fuel the demand for EPDM.  U.S. EPDM industry is projected to surpass a revenue of USD 940 million by 2024.

Europe ethylene propylene diene monomer (EPDM) market is predicted to record significant gains over the coming timeframe. The increasing demand for EPDM across the construction sector will stimulate the UK EPDM industry trends, which is predicted to exhibit a CAGR of more than 4% over the coming years of 2016 to 2024.

Partial Chapter of the Table of Content:

Chapter 3.    EPDM Industry Insights

3.1.    Industry segmentation

3.2.    Industry Size and forecast, 2013 - 2024

3.3.    Industry ecosystem analysis

3.3.1.    Distribution channels

3.3.1.    Vendor matrix

3.4.    Industry Impact forces

3.4.1.    Growth drivers

3.4.1.1. Increasing EPDM application in automotive

3.4.1.2. Thermoplastic modification

3.4.2.    Industry pitfalls & challenges

3.4.2.1. Oversupply

3.5.    Growth potential analysis

3.5.1.    Bio-based EPDM potential

3.6.    Porter's analysis

3.7    Company market share analysis, 2015

3.8.    PESTEL analysis

3.9    Pricing trend analysis

Chapter 4.    EPDM Industry Application Insights

4.1.    Global EPDM market share by application, 2015 & 2024

4.2.    Construction

4.2.1.    Market estimates and forecast, 2013 - 2024

4.2.2.    Market estimates and forecast, by region, 2013 – 2024

4.3.    Electronics & Electrical

4.3.1.    Market estimates and forecast, 2013 - 2024

4.3.2.    Market estimates and forecast, by region, 2013 - 2024

4.4.    Plastics

4.4.1.    Market estimates and forecast, 2013 - 2024

4.4.2.    Market estimates and forecast, by region, 2013 – 2024

4.5.    Automotive (excluding electrical)

4.5.1.    Market estimates and forecast, 2013 - 2024

4.5.2.    Market estimates and forecast, by region, 2013 – 2024

4.6.    Lubricant Additive

4.6.1.    Market estimates and forecast, 2013 - 2024

4.6.2.    Market estimates and forecast, by region, 2013 – 2024

4.7.    Others

4.7.1.    Market estimates and forecast, 2013 - 2024

4.7.2.    Market estimates and forecast, by region, 2013 – 2024

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Key industry players include ExxonMobil Chemical, PetroChina Company Limited, Mitsui Chemicals Inc., VERSALIS SPA, and SK Global Chemical Co. Ltd., Sumitomo Chemical Co. Ltd., Carlisle Companies Inc., John Manville Inc., OAO Nizhnekamskneftekhim, DOW Elastomers, Lion Copolymer, LLC, Kumho Polychem Co. Ltd., JSR Corporation, and Lanxess AG.

Read More:

Ethylene Propylene Diene Monomer (EPDM) Market Statistics: 2019-2024 Global Share Report

https://medium.com/@dipm97286/2-important-trends-that-will-drive-polyvinyl-butyral-pvb-market-da7ef6a2e7e0

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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