The “Ethylene Propylene Diene Monomer (EPDM) Market“ Report provides comprehensive information on the top of market owners, their annual transactions, the stability of their actions and the strategies used to attract the activity. Ethylene Propylene Diene Monomer (EPDM) Market report also highlights some of the rules and regulations that have been established by the governing bodies of some countries that can stimulate and restrict commercial activities in certain parts of the world. The information includes the company profile, annual turnover, the types of products and services they provide, income generation, which provide direction to businesses to take important steps.
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Ethylene Propylene Diene Monomer (EPDM) Market study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
The global ethylene propylene diene monomer (EPDM) market is expected to register a CAGR of 5.29% through the forecast period, 2018-2023. Asia-Pacific dominated the global EPDM market, and is also expected to register the fastest CAGR through the forecast period.
Accelerating Automotive Production in Asia-Pacific and Parts of Europe
The properties of EPDM, such as high weather resistance, heat resistance, and vibration absorption, make it suitable for different applications in the automotive industry. EPDM, which is a synthetic rubber, is widely used in automotive parts, such as hoses, body sealing, weather-stripping, engine mounts, belts, brake parts, and windshield wipers. It is also used in mechanical goods for under-hood applications. According to International Organization of Motor Vehicle Manufacturers (OICA), the production of automobiles has increased from 90 billion units in 2015 to almost 95 billion units in 2016, and the surge is expected to continue though the forecast period as well. The automotive industry is growing at a rapid pace in the Asia-Pacific region. China, India, and Indonesia are some of the major countries in the production of cars and commercial vehicles. Europe, France, Czech Republic, Italy, Spain, and Sweden have seen good growth in the automotive production, which in turn, are expected to increase the consumption of EPDM.
Automotive is the largest end-user industry, accounting for more than 40% share in the global EPDM market.
Slurry/Suspension Process â the Fastest-growing Manufacturing Process Segment
Slurry/Suspension process is a modification over the bulk polymerization and it diminishes the use of solvents and solvent handling equipment, which makes it a more efficient process for manufacturing EPDM. However, solution polymerization process too is widely used, due to its versatility in making a wide range of polymers, and are hence is still the most popular choice in the EPDM manufacturing process.
Asia-Pacific to Dominate the Market Growth through 2023
Asia-Pacific is the fastest-growing market for EPDM, due to the growth of the automobile industry in India, China, Japan, Thailand, and South Korea. China dominates the Asia-Pacific EPDM market, owing to its huge production base of automotive, electronics, and plastics. North America has relatively mature economic conditions. Due to the environmental issues in Germany, many industries like automobile and plastic choose to use innovative EPDM, which leads to further increase in the demand for the EPDM market in the European region.
Key Developments in the Market
â¢ November 2017: The new official football of the World Cup 2018 is expected to contain Keltan Eco a bio-based ethylene-propylene-diene monomer (EPDM) rubber made by ARLANXEO, one of the worldâs leading suppliers of synthetic rubber.
â¢ November 2017: Eni SpA. announced the launch of Lotte Versalis Elastomers- a new integrated industrial complex for the production of elastomers in Yeosu, South Korea. Lotte Versalis Elastomers is a 50:50 joint venture between Versalis (Eni) and Lotte Chemical. The industrial complex has a nameplate capacity of 200,000 metric ton per year of EPDM, s-SBR, and BR elastomers.
â¢ March 2017: Sumitomo Chemical neared completion of its Saudi EPDM plant, which is scaled at 75,000 metric ton in annual production
Major Players: CARLISLE COMPANIES INC., EXXONMOBIL CORPORATION, KUMHO POLYCHEM CO., LTD., LANXESS AG, SUMITOMO CHEMICAL CO., LTD., VERSALIS S.P.A., amongst others.
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Ethylene Propylene Diene Monomer (EPDM) Market Analyse according to leading players, Competitive landscape, geographical regions, top manufacturers, types, and applications forecast over a period of 2019 to 2024. Geographically, this report is divided into many key Regions, with production, consumption, revenue (million USD), market share and rate of Ethylene Propylene Diene Monomer (EPDM) Market 2019 in these regions, from 2018 to 2024 (forecast), covering: North America, China, Europe, Japan, Southeast Asia, India.
The Objectives of this report are:
- To define, describe, and analyze the Ethylene Propylene Diene Monomer (EPDM) market on the basis of product type, application, and region
- To forecast and analyze the size of the Ethylene Propylene Diene Monomer (EPDM) market (in terms of value) in six key regions, namely, Asia Pacific, Western Europe, Central & Eastern Europe, North America, the Middle East & Africa, and South America
- To forecast and analyze the Ethylene Propylene Diene Monomer (EPDM) market at country-level in each region
- To strategically analyze each submarket with respect to individual growth trends and its contribution to the Ethylene Propylene Diene Monomer (EPDM) market
- To analyze opportunities in the Ethylene Propylene Diene Monomer (EPDM) market for stakeholders by identifying high-growth segments of the market
Key Questions Answered in Ethylene Propylene Diene Monomer (EPDM) market report:
- What will the market size be in 2024 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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Ethylene Propylene Diene Monomer (EPDM) Market Report Provides Comprehensive Analysis as Following:
Market segments and sub-segments
Market size & shares
Market trends and dynamics
Market Drivers and Opportunities
Market Analysis and Segmentation
Supply and demand
Technological inventions in Ethylene Propylene Diene Monomer (EPDM) trade
Marketing Channel Development Trend
Ethylene Propylene Diene Monomer (EPDM) Market Positioning
Distributors/Traders List enclosed in Positioning Ethylene Propylene Diene Monomer (EPDM) Market
Ethylene Propylene Diene Monomer (EPDM) Market report provides you a visible, one-stop breakdown of the leading product, submarkets and market leaders revenue forecasts till 2024. In conclusion, Ethylene Propylene Diene Monomer (EPDM) Market 2019 report presents the descriptive analysis of the Ethylene Propylene Diene Monomer (EPDM) Market Major Key-players, Types, Application and Forecast Period knowledge which is able to function a profitable guide for all the Ethylene Propylene Diene Monomer (EPDM) Market competitors.
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