Ethylene Propylene Diene Monomer (EPDM) Rubber Market - Global Size, Share, Trend Analysis, Opportunity and Forecast Report, 2019–2029, Segmented By Type (Solution Polymerization, Suspension Polymerization, Others); By Application (Automotive, Building and Construction, Tires and Tubes, Wires and Cables, and Lubricant Additives); By End User (Automotive, Aerospace and Defense, Consumer goods, Building and Construction, Others); By Region (North America, Europe, Asia Pacific (APAC), Latin America, Middle East and Africa (MEA))
Global Ethylene Propylene Diene Monomer (EPDM) Rubber Market Size to Cross USD 7.2 Billion by 2029
Global ethylene propylene diene monomer (EPDM) rubber market is flourishing owing to growing product demand, R&D investment growth, and the demand for bio-based products.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimates global ethylene propylene diene monomer (EPDM) rubber market size at USD 4.98 billion in 2022. During the forecast period between 2023 and 2029, BlueWeave expects global ethylene propylene diene monomer (EPDM) rubber market size to grow at a CAGR of 5.52% reaching a value of USD 7.22 billion by 2029. Major factors for the expansion of global EPDM rubber market include rising financial support for the automotive sector in emerging nations like China, India, and others. Throughout the forecast period, there is expected to be a significant rise in demand for ethylene propylene diene monomer (EPDM) rubber due to the rapid expansion of application sectors like automotive and building & construction. Rapid growth in the U.S. construction and automotive industries has resulted in a sharp increase in the demand for EPDM in the North American region. However, high cost associated with market is anticipated to restrain the overall market expansion.
Global Ethylene Propylene Diene Monomer (EPDM) Rubber Market – Overview
EPDM is also known as ethylene propylene diene monomer (M-class) rubber. To produce cross-linking sites that allow for vulcanization, ethylene, propylene, and a small amount of non-conjugated diene monomers (between 3 and 9 percent) are copolymerized. It is an elastic material with a wide variety of uses. The majority of applications for EPDM include electrical insulation, lamination, and gaskets. This is due to its high resistance to tearing, solvents, abrasives, and temperatures. It has excellent low- and high-temperature elasticity as well as good resistance to common dilute acids, ketones, and alkalis. It also exhibits good electrical insulating properties.
Opportunity: Expanding government spending
The demand for ethylene propylene diene monomer is expected to rise as a result of the projected increase in government spending on the healthcare industry (EPDM). Because they are waterproof, ethylene propylene diene monomer (EPDM) coatings are increasingly used on medical equipment. This is a significant factor that, over the forecast period, is expected to greatly expand the ethylene propylene diene monomer (EPDM) market's potential.
Challenge: High Market Prices
Global ethylene propylene diene monomer (EPDM) rubber market is expected to grow more slowly as a result of the process' high cost. Given the presence of other market alternatives, ownership is expensive. These are some of the key elements preventing the ethylene propylene diene monomer (EPDM) rubber market from expanding over the anticipated time frame. One of the main factors holding back market expansion is the rise in environmental concerns brought on by VOC emissions during EPDM manufacturing.
Impact of COVID-19 on Global Ethylene Propylene Diene Monomer (EPDM) Rubber Market
The COVID-19 pandemic had a detrimental impact on global market for ethylene propylene diene monomer (EPDM) rubber market. Due to the closure of manufacturing facilities, manufacturing companies are dealing with the disruption of the demand and product supply chains caused by the pandemic. In the post-pandemic era, expansion in the medical and healthcare industries is expected to support the global market for ethylene propylene diene monomer (EPDM) rubber, as it helps to improve the efficiency of the equipment. Therefore, coronavirus is significantly affecting the growth of the ethylene propylene diene monomer market (EPDM).
Global Ethylene Propylene Diene Monomer (EPDM) Rubber Market – By End User
Global ethylene diene monomer (EPDM) rubber market is segmented by end-user into Automotive, Aerospace and Defense, Consumer Goods, Building and Construction, and Others. EPDM is a high-density synthetic rubber with properties that make it superior to natural and synthetic alternatives for automotive applications. Furthermore, due to its flexibility, resiliency, and excellent weather resistance, EPDM is the most commonly used material in the automotive industry. It's used in weather stripping, seals, sealant, wire and cable harnesses, and vehicle brake systems.
Competitive Landscape
Global ethylene diene monomer (EPDM) rubber market is fiercely competitive, with DuPont, Exxon Mobil Corporation, Lanxess, Mitsui Chemicals, Inc, Sumitomo chemical co. Ltd, SK geo centric Co., Ltd., China Petrochemical Corporation, Johns Manville., Berkshire Hathaway Inc., JSR Corporation, KUMHO POLYCHEM, Lion Elastomers, PJSC "Nizhnekamskneftekhim’’, American Rubber, Rotadyne Tools Pvt. Ltd., American Urethane, Argonics, Inc., Griffith Rubber Mills, and HINDUSTAN RUBBER INDUSTRIES. companies use various strategies, including increasing investments in their R&D activities, mergers, and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in the global ethylene diene monomer (EPDM) market.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of Global Ethylene Diene Monomer (EPDM) Rubber Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Global Ethylene Diene Monomer (EPDM) Rubber Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
- 1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
- 2. Executive Summary
- 3. Global Ethylene Propylene Diene Monomer (EPDM) Rubber Market Insights
- 3.1. Industry Value Chain Analysis
- 3.1.1. DROC Analysis
- 3.1.2. Growth Drivers
- 3.1.2.1. Growing Use of EPDM Polymer in Blended Products
- 3.1.2.2. Growing Demand of Ethylene Propylene Diene Monomer (EPDM) In Construction Sector
- 3.1.3. Restraints
- 3.1.3.1. High Cost Associated with Market
- 3.1.4. Opportunities
- 3.1.4.1. Increasing Government Investments
- 3.1.4.2. Development of Environment Friendly Technology for Production
- 3.1.5. Challenges
- 3.1.5.1. Difficulty in Recycling of EPDM
- 3.2. Technological Advancement/Recent Developments
- 3.3. Regulatory Framework
- 3.4. Porter’s Five Forces Analysis
- 3.4.1. Bargaining Power of Suppliers
- 3.4.2. Bargaining Power of Buyers
- 3.4.3. Threat of New Entrants
- 3.4.4. Threat of Substitutes
- 3.4.5. Intensity of Rivalry
- 4. Global Ethylene Propylene Diene Monomer (EPDM) Rubber Market Overview
- 4.1. Market Size & Forecast, 2019–2029
- 4.1.1. By Value (USD Million)
- 4.2. Market Share & Forecast
- 4.2.1. By Type
- 4.2.1.1. Solution Polymerization
- 4.2.1.2. Suspension Polymerization
- 4.2.1.3. Others
- 4.2.2. By Application
- 4.2.2.1. Automotive
- 4.2.2.2. Building and Construction
- 4.2.2.3. Tires and Tubes
- 4.2.2.4. Wires and Cables
- 4.2.2.5. Lubricant Additives
- 4.2.3. By End User
- 4.2.3.1. Automotive
- 4.2.3.2. Aerospace and Defence
- 4.2.3.3. Consumer goods
- 4.2.3.4. Building and Construction
- 4.2.3.5. Others
- 4.2.4. By Region
- 4.2.4.1. North America
- 4.2.4.2. Europe
- 4.2.4.3. Asia Pacific (APAC)
- 4.2.4.4. Latin America (LATAM)
- 4.2.4.5. Middle East and Africa (MEA)
- 5. North America Ethylene Propylene Diene Monomer (EPDM) Rubber Market
- 5.1. Market Size & Forecast, 2019–2029
- 5.1.1. By Value (USD Million)
- 5.2. Market Share & Forecast
- 5.2.1. By Type
- 5.2.2. By Application
- 5.2.3. By End User
- 5.2.4. By Country
- 5.2.4.1. US
- 5.2.4.1.1. By Type
- 5.2.4.1.2. By Application
- 5.2.4.1.3. By End User
- 5.2.4.2. Canada
- 5.2.4.2.1. By Type
- 5.2.4.2.2. By Application
- 5.2.4.2.3. By End User
- 6. Europe Ethylene Propylene Diene Monomer (EPDM) Rubber Market
- 6.1. Market Size & Forecast, 2019–2029
- 6.1.1. By Value (USD Million)
- 6.2. Market Share & Forecast
- 6.2.1. By Type
- 6.2.2. By Application
- 6.2.3. By End User
- 6.2.4. By Country
- 6.2.4.1. Germany
- 6.2.4.1.1. By Type
- 6.2.4.1.2. By Application
- 6.2.4.1.3. By End User
- 6.2.4.2. UK
- 6.2.4.2.1. By Type
- 6.2.4.2.2. By Application
- 6.2.4.2.3. By End User
- 6.2.4.3. Italy
- 6.2.4.3.1. By Type
- 6.2.4.3.2. By Application
- 6.2.4.3.3. By End User
- 6.2.4.4. France
- 6.2.4.4.1. By Type
- 6.2.4.4.2. By Application
- 6.2.4.4.3. By End User
- 6.2.4.5. Spain
- 6.2.4.5.1. By Type
- 6.2.4.5.2. By Application
- 6.2.4.5.3. By End User
- 6.2.4.6. The Netherlands
- 6.2.4.6.1. By Type
- 6.2.4.6.2. By Application
- 6.2.4.6.3. By End User
- 6.2.4.7. Rest of Europe
- 6.2.4.7.1. By Type
- 6.2.4.7.2. By Application
- 6.2.4.7.3. By End User
- 7. Asia Pacific Ethylene Propylene Diene Monomer (EPDM) Rubber Market
- 7.1. Market Size & Forecast, 2019–2029
- 7.1.1. By Value (USD Million)
- 7.2. Market Share & Forecast
- 7.2.1. By Type
- 7.2.2. By Application
- 7.2.3. By End User
- 7.2.4. By Country
- 7.2.4.1. China
- 7.2.4.1.1. By Type
- 7.2.4.1.2. By Application
- 7.2.4.1.3. By End User
- 7.2.4.2. India
- 7.2.4.2.1. By Type
- 7.2.4.2.2. By Application
- 7.2.4.2.3. By End User
- 7.2.4.3. Japan
- 7.2.4.3.1. By Type
- 7.2.4.3.2. By Application
- 7.2.4.3.3. By End User
- 7.2.4.4. South Korea
- 7.2.4.4.1. By Type
- 7.2.4.4.2. By Application
- 7.2.4.4.3. By End User
- 7.2.4.5. Australia & New Zealand
- 7.2.4.5.1. By Type
- 7.2.4.5.2. By Application
- 7.2.4.5.3. By End User
- 7.2.4.6. Indonesia
- 7.2.4.6.1. By Type
- 7.2.4.6.2. By Application
- 7.2.4.6.3. By End User
- 7.2.4.7. Malaysia
- 7.2.4.7.1. By Type
- 7.2.4.7.2. By Application
- 7.2.4.7.3. By End User
- 7.2.4.8. Singapore
- 7.2.4.8.1. By Type
- 7.2.4.8.2. By Application
- 7.2.4.8.3. By End User
- 7.2.4.9. Philippines
- 7.2.4.9.1. By Type
- 7.2.4.9.2. By Application
- 7.2.4.9.3. By End User
- 7.2.4.10. Vietnam
- 7.2.4.10.1. By Type
- 7.2.4.10.2. By Application
- 7.2.4.10.3. By End User
- 7.2.4.11. Rest of APAC
- 7.2.4.11.1. By Type
- 7.2.4.11.2. By Application
- 7.2.4.11.3. By End User
- 8. Latin America Ethylene Propylene Diene Monomer (EPDM) Rubber Market
- 8.1. Market Size & Forecast, 2019–2029
- 8.1.1. By Value (USD Million)
- 8.2. Market Share & Forecast
- 8.2.1. By Type
- 8.2.2. By Application
- 8.2.3. By End User
- 8.2.4. By Country
- 8.2.4.1. Brazil
- 8.2.4.1.1. By Type
- 8.2.4.1.2. By Application
- 8.2.4.1.3. By End User
- 8.2.4.2. Mexico
- 8.2.4.2.1. By Type
- 8.2.4.2.2. By Application
- 8.2.4.2.3. By End User
- 8.2.4.3. Argentina
- 8.2.4.3.1. By Type
- 8.2.4.3.2. By Application
- 8.2.4.3.3. By End User
- 8.2.4.4. Peru
- 8.2.4.4.1. By Type
- 8.2.4.4.2. By Application
- 8.2.4.4.3. By End User
- 8.2.4.5. Rest of LATAM
- 8.2.4.5.1. By Type
- 8.2.4.5.2. By Application
- 8.2.4.5.3. By End User
- 9. Middle East & Africa Ethylene Propylene Diene Monomer (EPDM) Rubber Market
- 9.1. Market Size & Forecast, 2019–2029
- 9.1.1. By Value (USD Million)
- 9.2. Market Share & Forecast
- 9.2.1. By Type
- 9.2.2. By Application
- 9.2.3. By End User
- 9.2.4. By Country
- 9.2.4.1. Saudi Arabia
- 9.2.4.1.1. By Type
- 9.2.4.1.2. By Application
- 9.2.4.1.3. By End User
- 9.2.4.2. UAE
- 9.2.4.2.1. By Type
- 9.2.4.2.2. By Application
- 9.2.4.2.3. By End User
- 9.2.4.3. Qatar
- 9.2.4.3.1. By Type
- 9.2.4.3.2. By Application
- 9.2.4.3.3. By End User
- 9.2.4.4. Kuwait
- 9.2.4.4.1. By Type
- 9.2.4.4.2. By Application
- 9.2.4.4.3. By End User
- 9.2.4.5. South Africa
- 9.2.4.5.1. By Type
- 9.2.4.5.2. By Application
- 9.2.4.5.3. By End User
- 9.2.4.6. Nigeria
- 9.2.4.6.1. By Type
- 9.2.4.6.2. By Application
- 9.2.4.6.3. By End User
- 9.2.4.7. Algeria
- 9.2.4.7.1. By Type
- 9.2.4.7.2. By Application
- 9.2.4.7.3. By End User
- 9.2.4.8. Rest of MEA
- 9.2.4.8.1. By Type
- 9.2.4.8.2. By Application
- 9.2.4.8.3. By End User
- 10. Competitive Landscape
- 10.1. List of Key Players and Their Offerings
- 10.2. Global Ethylene Propylene Diene Monomer (EPDM) Rubber Company Market Share Analysis, 2022
- 10.3. Competitive Benchmarking, By Operating Parameters
- 10.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
- 11. Impact of Covid-19 on Global Ethylene Propylene Diene Monomer (EPDM) Rubber Market
- 12. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
- 12.1. DuPont
- 12.2. Exxon Mobil Corporation
- 12.3. Lanxess
- 12.4. Mitsui Chemicals, Inc
- 12.5. Sumitomo chemical co. Ltd
- 12.6. SK geo centric Co., Ltd.
- 12.7. china petrochemical corporation
- 12.8. Johns Manville.
- 12.9. Berkshire Hathaway Inc.
- 12.10. JSR Corporation
- 12.11. KUMHO POLYCHEM
- 12.12. Lion Elastomers
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