Ethylene Propylene Diene Monomer Market Size | Share, Analysis, Overview, Trends and Forecast to 2027
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 Size 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 size 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 size 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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