Ethylene Propylene Diene Monomer Market Share | by Derivative, Application, and End Use: Global Opportunity Analysis and Industry Forecast
Market Highlights
Ethylene propylene diene monomer elastomers continue to be one of the
most commonly used and fastest growing synthetic rubbers. Improvement of
quality and durability in ethylene propylene diene monomer design and
performance has resulted in wide usage in automotive weather-stripping and
seals, roofing membrane, electrical insulation glass-run channel, radiator,
appliance hose, tubing, belts, roofing membrane, rubber mechanical goods,
plastic impact modification, thermoplastic vulcanizates and other applications.
Ethylene propylene diene monomer are valuable for their excellent resistance to
heat, oxidation, ozone and weather aging due to their stable, saturated polymer
backbone structure.
Regional analysis:
The global Ethylene
Propylene Diene Monomer Market Share is classified on the basis of
variegated geographic segmentation which involves regions such as America,
Europe, Asia-Pacific, Middle East and Africa. Out of all, Asia Pacific ethylene
propylene diene monomer market is largest market owing to robust industry
growth of application industry in China, Japan, India Thailand and South Korea.
Asia Pacific ethylene propylene diene monomer market size is likely to witness
highest gains over the forecast period. Positive stance on end-use industries
such as automotive, building & construction, plastics industry, and others
in countries like China & India is predict to drive demand. Above all China
is major dominating country owing to large scale production of end user
industries such as automotive industry and building & construction
industry.
The North American ethylene propylene diene Monomer market is
expressively increasing their end-use industries. North America is expected to
hold the market with its increasing demand for ethylene propylene diene monomer
in various applications, such as weather-seal, thermoplastic vulcanizes,
tubing, lubricant additive and others. The North American markets is predicted
to show a rising growth in the forecasted period. Investments and development
is a key strategy of this ethylene propylene diene Monomer market some
manufacturing companies, associations, and end-product manufacturers give high
investments for advancements and developments of ethylene propylene diene
monomer to fulfill the new technology demand required from different end-user
industries applications.
North America is one of the second largest region, both in terms of
volume and value, followed by Europe. In Europe region Germany accounts for the
highest share of the ethylene propylene diene monomer market. Some market
restrains such as emerging competition from replacements in the automotive,
building & construction industry, On the other hand, environmental concerns
in Europe may hamper the market for the forecasted period. Latin America is
expected to witness noteworthy growth owing to increasing automotive industry,
especially in Brazil.
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Global Ethylene Propylene Diene Monomer Key Players
Key players of the global ethylene propylene diene monomer market share
are: Exxon Mobil Corporation (US), The Dow Chemical Company (US), Mitsui
Chemicals, Inc. (Japan), LANXESS AG (Germany), Firestone Building Products
Company (US), Sumitomo Chemical Co. Ltd. (Japan), Kumho Polychem Co., Ltd
(South Korea), Johns Manville. (US), Carlisle Companies (US), Lion Elastomers
(US), and Others.
Segmentation
The global ethylene propylene diene monomer market share is majorly
segmented on the basis of application, end users and region. Based on
application of EPDM the market is segmented into roofing membrane, electrical
insulation, weather-seal, thermoplastic vulcanizes, tubing, lubricant additive,
and other applications. Based on end user the market segmented into automotive,
building & construction, plastics industry and others and based on region market
is segmented into North America, Europe, APAC, Latin America, and Middle East
& Africa.
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