Global EPDM Rubber Market Size, Share & Trends Analysis Report by Product (Compressor Grommet, Electrical Insulation & Stinger Covers, Belts, Seals and Others) By Type (Solution Polymerization, Suspension Polymerization), By Industry Vehicle (Automotive,

Global EPDM Rubber Market Size, Share & Trends Analysis Report by Product (Compressor Grommet, Electrical Insulation & Stinger Covers, Belts, Seals and Others) By Type (Solution Polymerization, Suspension Polymerization), By Industry Vehicle (Automotive, Building & Construction, Chemical and Others) Region and forecast till 2027.



Global EPDM Rubber Market

The global EPDM market is expected to increase at a CAGR of 5.9%, from USD 3.6 billion in 2022 to USD 4.8 billion in 2027. Increasing EPDM usage in automotive and construction & buildings is expected to drive EPDM demand during the forecast period. The EPDM market can benefit from the growth potential of rising economies in the Asia-Pacific region.

Drivers: Steady recovery of automotive sector in Asia

In China, even though the automotive sector declined initially due to COVID-19 pandemic, according to the China Association of Automobile manufacturer, vehicle production in the subsequent month increased for the same period in 2019. The demand for new-energy-vehicles (Electric vehicles & hybrid vehicles) increased in the market. The automotive sales for 2020, 2019, and 2018 were around 25.28 million units, 25.76 million units, and 28.04 million units. In the second half of 2020, automotive sales surpassed the 2017-2018 level. The automotive industry in Asia is expected to recover by 2022 with steady improvement in the Chinese automotive industry.

Restraints: Decline in Production in the Rubber Industry

Decline in production in the rubber industry is expected to hamper the growth of global EPDM rubber market over the forecast period. Furthermore, alarming increase in concerns regarding the emission of VOCs during the production of EPDM rubber is one of the significant limitations for the development of the global EPDM rubber market.

Impact of COVID-19

In 2020, the spread of coronavirus (COVID-19) in major global economies caused nationwide lockdowns which had an impact on several industries. Construction & automotive were among the most affected industries during the COVID-19 pandemic. This had an impact on the demand of EPDM rubber for the first half of 2020. The demand for EPDM rubber fell during the COVID-19 pandemic from the automotive and construction segment.

Segmentation By Product:

By Product the market is segmented into Compressor Grommet, Electrical Insulation & Stinger Covers, Belts, Seals and Others. Electrical Insulation & Stinger Covers is expected to boost during the market Forecast period.

Segmentation By Type:

Based On the type the market is segmented into Solution Polymerization and Suspension Polymerization. During the projected period, the solution polymerization process is expected to be the largest and fastest expanding segment of EPDM. Today's polymerization and catalyst technologies enable polymers to be designed to fulfil specific and demanding application and processing requirements.

Segmentation By Industry Vehicle:

Based on the Industry Vehicle the market is segmented into Automotive, Building & Construction, Chemical and Others. During the projected period, the EPDM market's Automotive segment is expected to be the largest Industry Vehicle segment. Global car production climbed by 3% in 2021 compared to the previous year, according to the Organisation Internationale des Constructeurs d'Automobiles (OICA). The market, on the other hand, is likely to grow in the near future as people's living standards rise and new technologies emerge.

Segmentation by Region

Based on region, the NGS services market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. EPDM's largest and fastest-growing market is Asia Pacific, followed by North America and Europe. The rising demand for EPDM in the Asia Pacific EPDM market can be ascribed to the region's different end-use industries. Construction & building, automobile, plastic modifications, tyres & tubes, wire & cables, lubricant additives, and others are among the primary end consumers of EPDM in Asia Pacific. The revival of the automobile sector in China, India, and Southeast Asian countries is driving the market in this area. Automobile manufacturers from around the world are establishing production plants in APAC countries in order to expand their market presence in the region. China is the world's largest importer of EPDM and an important market for automobiles.

Competitive Landscape:

The leading players in the Global EPDM Rubber market includes Lanxess, ExxonMobil,SABIC,JSR,Kumho,Lion Elastomers, SK Chemical,Eni, Nizhnekamskneftekhim and Lennox International, Inc.

Industrial Development:

On July 2015, ExxonMobil provides new route to EPDM seal compounds. The company has developed a novel approach for formulating its Vistalon EPDM compounds for automotive sponge weatherseals. The company produces a compound that can help to reduce the density of the sponge profile, while optimizing key properties like blong term ozone resistance and sealing.

On October 2021, Lion Elastomers will be expanding the emulsion-based facility in Port Neches to manufacture NBR Rubber. This new undertaking will position the company to support the domestic demand and provide security of supply for nitrile rubber.

On september 2021, SK chemicals’ Sustainability Report won a gold prize at the US ‘LACP Vision Awards’. LACP Vision Awards have been awarded since 2002 by the League of American Communications Professionals (LACP), a global PR and marketing research organization.

Market taxonomy

Based on product

• Compressor Grommet
• Electrical Insulation & Stinger Covers
• Belts
• Seals
• Others

• Solution Polymerization
• Suspension Polymerization

• Automotive
• Building & Construction
• Chemical
• Others

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