EPDM 2019-2025 Global Market Survey Industry Key Players Lanxess, ExxonMobil, DOW, SK Chemical

2019-11-05 08:20:03

(MENAFN- iCrowdNewsWire) Nov 5, 2019

Summary

Wiseguyreports.Com Adds ' EPDM 2019-2025 Global Market Survey Industry Key Players Lanxess, ExxonMobil, DOW, SK Chemical " To Its Research Database

EPDM Market Poised to Gain High Revenue in Nearby Future

Description: -

Ethylene propylene diene monomer or EPDM or is a synthetic rubber of high density. Its durability is exceptionally high. Hence, EPDM is marked as a highly suitable material for electrical insulation, gaskets, and lamination. EPDM has high resistance towards solvents, tearing, abrasives, and temperatures. EPDM also have a smooth surface. It has excellent elasticity at all temperatures. These benefits of EPDM make the material popular across different verticals. It is used in industries, such as plastic, wires & cables building & construction, automotive, tires & tubes, and in lubricant additives. The report on the worldwide market of EPDM states multiple factors that can govern the market dynamics.

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The automotive industry is the eminent consumer of EPDM. It is used in the fabrication of belts, windshield wipers, brake parts, radiator, engine mounts, body sealing, motor oil additive applications, glass-run channel, tubing, weather-stripping, roofing membrane, and thermoplastic vulcanisates. The synthetic rubber due to its strong resistance towards heat, fluids, ozone, and oxidized chemicals forms an excellent building and construction materials. The rise in constructional activities is boosting the adoption of EPDM, which can add a fillip to the market expansion. In addition, the improved viability of the availability of raw materials for the production of this synthetic rubber is likely to benefit its worldwide market.

Environmental concerns are rising due to its deteriorating condition. The carbon footprint by the transportation and automotive industries is high. Hence, to check environmental degradation, automakers are incorporating renewable sources for gaining better sustainability of end products. This is expected to induce growth to the market in the years to come. Moreover, the feasibility of production and increase in number of EPDM manufacturers are expected to encourage the market growth.

The major manufacturers covered in this report

Lanxess
ExxonMobil
DOW
SK Chemical
JSR/Kumho
Sumitomo
Lion Elastomers
MITSUI
PJSC Nizhnekamskneftekhim
SABIC
Eni (Polimeri Europa)
SSME
Jilin Xingyun Chemical

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Segmental Analysis

The global EPDM market by type, is segmented into suspension polymerization and solution polymerization. The market by application, is studied under automotive industry, wires & cables, building and construction, and other segments. The automotive segment is estimated to garner a substantial segment of the global market. EPDM is used in wire & cable harnesses, hydraulic brake systems, glass run channel, radiators, tubing, window spacers, weather stripping & seals, belts, door and window, and trunk seals of automobiles. Hence, the surge in use of the product in the ever-expanding automobile industry is expected to escalate the growth of EPDM market.

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Regional Outlook

The Asia Pacific EPDM market to gain the title for the rapidly proliferating market globally. EPDM is extensively in the manufacturing of interiors of automobile. The rapid growth of the automobiles industry in strong economies, such as Japan, China, India, Thailand, and South Korea is expected to push the EPDM market in Asia Pacific region further in the coming years. In the plastic manufacturing industry, EPDM acts as substitute for thermoplastic olefins (TPO) and of thermoplastic vulcanisates (TPV). Modern technologies that are exercised in the manufacturing of plastics can spur the growth of EPDM market. Certain companies in Europe, focus on the production of innovative EPDM that uses materials, which curb negative impact on the environment.

Major Key Points in Table of Content:

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