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Ethylene Propylene Diene Monomer Market Share, Growth, Trends and Forecast to 2024

Author : Rahul Varpe | Published Date : 2019-11-07 

The growth can be accredited to continuous manufacturing of automotive parts such as rear lamp gaskets, belt drives, door seals, tire sidewalls, tire sidewalls, braking systems, inner tire tubes, and interior panels of the car. EDM industry size from the construction sector is projected to increase over 6% in terms of revenue by 2024. The material has the ability to resist cold, heat, air pollution, and sunlight due to which it has gained enormous acceptance in construction sector.

Rising construction activities in BRIC nations along with surging product demand across civil structures are the major factors which help drive industry trends. The accelerating investments in infrastructure development by manufacturers to fulfill the rising need for industrial goods from a growing population will augment EPDM industry size.

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Surge in the number of construction and building revamp activities across the world will drive ethylene propylene diene monomer (EPDM) market size. Increasing investments in the automotive sector along with proliferating demand for luxury vehicles will push the industry growth. Reports estimate that in 2015, automotive sector had dominated the application base and constituted more than 40% of the global EPDM market share.

These polymers are extensively used in thermoplastic vulcanizates (TPV) and thermoplastic olefins (TPO). Lightweight and improved strength characteristics make TPO the most favorable choice for construction and automotive applications. This, in turn, aids the automotive sector to abide by several stringent government policies aimed at lowering carbon emissions produced by vehicles, reinforcing EPDM market outlook.

Reports estimate that electrical and electronics applications contributed over USD 140 million towards EPDM industry size in 2015 owing to outstanding properties such as weather and moisture resistance which makes the product desirable to use. These materials also perform efficiently well in high temperatures and high voltages and are often the material of choice for power cables and electrical appliances.

In terms of the regional landscape, Asia Pacific ethylene propylene diene monomer market is expected to gain substantial proceeds over an estimated timeline and India EPDM market is projected to reach USD 130 million, with a steady 7% CAGR between 2016-2024. With the rising expansion of urbanization and industrialization in the region, China and India could be the major revenue contributors toward the industry growth.

Reports estimate that U.S. EPDM market will be valued at over USD 940 million by 2024 owing to the increasing renovation activities in the residential and commercial infrastructure. Consistent investment by customers toward high-end luxury vehicles coupled with novel advancements in the automotive sector will favor ethylene propylene diene monomer market forecast considerably.

The high demand for reliable, affordable, and lightweight vehicle models and growing consumer preferences toward more comfort and aesthetics designs will propel industry size from automotive sector. In addition, implementation of stringent policies of government towards environmental regulation has encouraged the adoption of sustainable products in the region.

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

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The rising efforts by the industry players to gain dominance across several geographies will further accelerate EPDM industry trends. Key market players include SK Global Chemical Co., Exxonmobil Chemical Company, Mitsui Chemicals Inc., Petrochina Co. Ltd., Versalis, among others. Growing preferences of manufacturers for sustainable EPDM products will open new opportunities for the market in the coming years.

 

 

 

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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