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Pulished Date February, 2021
ID: 11041
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EPDM (Ethylene Propylene Diene Monomer) Market Segmented By Application (Automotive, Building & Construction, Tires and Tubes, Wires and Cables and Lubricant Additives) and Region - Industry Forecast of 2021 to 2026

Pulished: February, 2021
ID: 11041
Pages: 175

EPDM (Ethylene Propylene Diene Monomer) Market Size and Growth:

The globalEPDM (Ethylene Propylene Diene Monomer) market is predicted to reach a value of USD 7.6 billion by the end of the year 2026, registering a CAGR of 5.8% between 2021 and 2026.

EPDM is a high-densityartificial rubber that is very durable in its nature. It is primarily suitable for use in electrical insulation, gaskets and laminate. It has great resistance to tearing, solvents, abrasives and temperatures. EPDM can be finished on a particularly smooth surface. It has excellent elasticity at low and high temperature. It has high electrical insulation features and great resistance to common dilute acids, ketones and alkalis.The escalating use of EPDM in plastic modification applications, the increase in domestic consumption in China and the continuous expansion activities undertaken by companies are key factors in the expansion of the worldwide EPDM market.

EPDM (Ethylene Propylene Diene Monomer) Market Trends:

The expansion of the automotive industry, coupled with an ever-expanding range of applications in the field, is predicted to drive EPDM market expansion over the forecast period. Worldwide production of commercial and personal vehicles was more than 220 billion units and 680 billion units respectively in 2021. Rapid motor vehicle sales in the coming years are expected to complement business growth. Additionally, rising per capita spending driving consumers to shift to functional and luxurious cars is another driving force for ethylene propylene diene monomer market.

Recent Developments in the EPDM (Ethylene Propylene Diene Monomer) Market:

Indian companies are investing in synthetic rubber, taking advantage of recently added capacity of around 270,000 tonnes per year.

Platts will launch weekly synthetic rubber price assessments. Platts, one of the world's leading providers of information on energy, petrochemicals and metals and a leading source of benchmark valuations, announced the launch of four weekly physical market price reviews for Styrene Butadiene Rubber (SBR), a rubber synthetic essential for manufacturing. tire and footwear, and other products.

EPDM (Ethylene Propylene Diene Monomer) Market Drivers:

One of the main drivers of the global EPDM market is the growing call for synthetic rubber in automotive industries and construction. Additionally, escalated construction activity is likely to boost the EPDM market. The market for ethylene propylene diene monomers is supposed to grow during the outlook period due to the escalating use of EPDM for plastics modification applications along with escalatingcall for elastomers. Additionally, EPDM is rapidly replacing polyvinyl chloride (PVC) and other thermoplastics in the automotive and construction industries because of the rising focus on high-value and environmentally friendly products. This factor is further driving the expansion of the EPDM market. The main expansion engine of the studied market is the expansion of the construction sector worldwide, mainly in developing countries. As the construction business continues to develop, the utilization of EPDM in these applications is also likely to continue to escalate. Initially, renewable materials were employed to replace technical products; however, they have resulted in insufficient performance in rubber applications. However, as end-use industries focus on reducing their carbon footprint, particularly in the transportation and automotive sectors, major manufacturers are incorporating the use of renewable sources to increase the durability of end products.

EPDM (Ethylene Propylene Diene Monomer) Market Restraints:

Although the EPDM market is developing at a significant expansion rate, few factors are hampering the expansion of the business on a worldwide scale. The growing environmental concern about VOC emissions during EPDM production is one of the main constraints to this industryexpansion.

Opportunities in the EPDM (Ethylene Propylene Diene Monomer) Market:

Bio-based EPDM development is likely to present substantial expansion opportunities for the major players involved in the EPDM (Ethylene Propylene Diene Monomers) market during the conjecture period. The worldwideEODM market is estimate  to experience high expansion during the projection period.

EPDM (Ethylene Propylene Diene Monomer) Market Segmentation:

By application:

  • Automotive
  • Building & Construction
  • Tires & Tubes
  • Wires & Cables
  • Lubricant Additives

The lubricant additive segment is calculated to be the fastest growing application segment in the EPDM market between 2021 and 2026, as it is a must-have feature of all machines ranging from applications that allow handling of very small parts that move very heavy masses. EPDM is employed as a viscosity improver (VI) in lubricants. Its propensity to absorb oil makes it advantageous for use in applications that improve oil viscosity. The automotive industry is the fastest growing end-use industry segment in the worldwide EPDM market. The consumption of EPDM in the automotive industry is mainly due to its high resistance to heat and weathering and its vibration absorption properties.

EPDM (Ethylene Propylene Diene Monomer) Market Regional Analysis:

The EPDM (Ethylene Propylene Diene Monomer) Market Report includes the segmentation of below regions:

  • North America 
  • Europe 
  • Asia Pacific
  • Latin America 
  • Middle East & Africa 

Asia-Pacific is presently the biggest industry for EPDM, holdingclose to forty percent of the worldwideindustry size, in value and volume, in 2020. Among all countries, China leads the market in 2021, closely followed by U.S. It is the quickest developing market in the world and is predicted to overtake China and Japan in the EPDM market in the coming years. Along with the escalatingcall for EPDM in the Asia-Pacific region, international EPDM manufacturing companies find it reasonable to manufacture EPDM products in the Asia-Pacific region compared to others due to the cost of labor. The Asia-Pacific is foreseen to continue to expand due to strong call for products from key sectors such as automotive, construction and construction, and power and electricity.

 In recent years, the manufacturing industry in the Asia-Pacific region has attracted significant investment from large multinationals. Northeast Asian companies are primarily focused on driving their economies to expand into key sectors of raw material extraction, manufacturing and services. Thus, the governments of the region have transformed rural industries into well-equipped world-class manufacturing facilities by implementing protectionism, financial investments, and regulatory support. Furthermore, low labor costs and proximity to raw material suppliers are more attractive to investors. China, Indonesia, South Korea, India, and Taiwan are predicted to drive the Asia-Pacific EPDM market during the forecast period. Worldwide, China is one of the largest producers and consumers of EPDM.

Impact of COVID-19 on EPDM (Ethylene Propylene Diene Monomer) Market:

The coronavirus pandemic has had a major impact on businesses around the world and consequently on the rubber industries. Almost all sectors around the world have reported a drop in call as containment measures went into effect, limiting economic activities and affecting livelihoods. COVID-19 has impacted the rubber industry in various ways. On the one hand, there was an interruption in the supply of raw materials. On the other hand, a delay in agricultural operations and latex collection further exacerbated the problem. Due to the disruption of worldwide economic activities and restrictions on imports, essential inputs such as carbon black and rubber chemicals were in short supply. The delay in agricultural activities has also created liquidity and working capital problems for a sector dominated by MSMEs that do not necessarily have solid business continuity plans. They depend on regular cash flow to meet working capital needs and pay wages. The volatility of worldwide markets has further weakened the industry's outlook.

EPDM (Ethylene Propylene Diene Monomer) Market Key Players:

Major companies in the global EPDM market are

 

 

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Scope of the report                

                1.3 Study Assumptions                 

                1.4 Base Currency, Base Year and Forecast Periods                          

2. Research Methodology                                           

                2.1 Analysis Design                         

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling      

                                2.2.4 Expert Validation  

                2.3 Study Timeline                          

3. Report Overview                                        

                3.1 Executive Summary                

                3.2 Key Inferencees                       

4. Market Dynamics                                       

                4.1 Impact Analysis                         

                                4.1.1 Drivers      

                                4.1.2 Restaints  

                                4.1.3 Opportunities        

                4.2 Regulatory Environment                       

                4.3 Technology Timeline & Recent Trends                            

5. Competitor Benchmarking Analysis                                    

                5.1 Key Player Benchmarking                     

                                5.1.1 Market share analysis        

                                5.1.2 Products/Service  

                                5.1.3 Regional Presence               

                5.2 Mergers & Acquistion Landscape                      

                5.3 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

                6.1 EPDM (Ethylene Propylene Diene Monomer) Market, By Application                              

                                6.1.1 Automotive            

                                6.1.2 Building & Construction     

                                6.1.3 Tires & Tubes         

                                6.1.4 Wires & Cables      

                                6.1.5 Lubricant Additives              

                                6.1.6 Market Size Estimations & Forecasts (2021-2026)   

                                6.1.7 Y-o-Y Growth Rate Analysis             

                                6.1.8 Market Attractiveness Index          

7. Geographical Landscape                                         

                7.1 Global Identity Governance and Administration Market, by Region                  

                7.2 North America - Market Analysis (2018 - 2024)                            

                                7.2.1 By Country              

                                                7.2.1.1 USA

                                                7.2.1.2 Canada

                                7.2.2 By Application        

                7.3 Europe                         

                                7.3.1 By Country              

                                                7.3.1.1 UK

                                                7.3.1.2 France

                                                7.3.1.3 Germany

                                                7.3.1.4 Spain

                                                7.3.1.5 Italy

                                                7.3.1.6 Rest of Europe

                                7.3.2 By Application        

                7.4 Asia Pacific                  

                                7.4.1 By Country              

                                                7.4.1.1 China

                                                7.4.1.2 India

                                                7.4.1.3 Japan

                                                7.4.1.4 South Korea

                                                7.4.1.5 South East Asia

                                                7.4.1.6 Australia & NZ

                                                7.4.1.7 Rest of Asia-Pacific

                                7.4.2 By Application        

                7.5 Latin America                             

                                7.5.1 By Country              

                                                7.5.1.1 Brazil

                                                7.5.1.2 Argentina

                                                7.5.1.3 Mexico

                                                7.5.1.4 Rest of Latin America

                                7.5.2 By Application        

                7.6 Middle East and Africa                           

                                7.6.1 By Country              

                                                7.6.1.1 Middle East

                                                7.6.1.2 Africa

                                7.6.2 By Application        

8. Key Player Analysis                                    

                8.1 ExxonMobil Chemical Company                        

                                8.1.1 Business Description           

                                8.1.2 Products/Service  

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis       

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2 Mitsui Chemicals Inc                               

                8.3 PetroChina Co. Ltd                  

                8.4 JSR Corporation                        

                8.5 Lanxess AG                 

                8.6 SK Global Chemical Co. Ltd                   

                8.7 Carlisle Companies Inc                           

                8.8 DoW Elastomers                       

                8.9 John Manville Inc                     

                8.10 Kumho Polychem Co. Ltd                   

9. Market Outlook & Investment Opportunities                                

Appendix                                           

                List of Tables                     

                List of Figures                   

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global EPDM (Ethylene Propylene Diene Monomer) Market By Region, From 2021-2026 ( USD Billion )
  2. Global EPDM (Ethylene Propylene Diene Monomer) Market By Application, From 2021-2026 ( USD Billion )
  3. Global Automotive Market By Region, From 2021-2026 ( USD Billion )
  4. Global Building & Construction Market By Region, From 2021-2026 ( USD Billion )
  5. Global Tires & Tubes Market By Region, From 2021-2026 ( USD Billion )
  6. Global Wires & Cables Market By Region, From 2021-2026 ( USD Billion )
  7. Global Lubricant Additives Market By Region, From 2021-2026 ( USD Billion )

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