EPDM Rubber Market Size, Growth | Regional Analysis and Forecast to 2035 | ChemAnalyst

(MENAFN- ChemAnalysts) According to ChemAnalyst report, “Global Ethylene Propylene Diene Monomer (EPDM) Rubber Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Grade, Sales Channel, Regional Demand, Foreign Trade, Company Share, 2015-2035”, global EPDM rubber market has shown impressive growth and is anticipated to reach about 3000 thousand tonnes by 2035 at a CAGR of 4.31% during the forecast period. Increasing demand for automotive and building and construction coupled with demand growth for other application areas is expected to drive the demand for EPDM rubber for the forecast period. Moreover, increasing demand from electricals is also an influencing factor supporting demand rise for EPDM during the forecast period. Additionally, growth in the demand of electric vehicles is expected to push the demand further during the forecast period.

Read Full Report Here: chemanalyst.com/industry-report/epdm-rubber-market-585

Ethylene propylene diene monomer (EPDM) is a synthetic rubber which is made from ethylene, propylene and diene co-monomer which helps in sulphur vulcanization. It can be manufactured via two processes which are solution polymerization and suspension polymerization. EPDM has various properties like heat resistance, chemical resistance, light weight, durability etc. Due to these properties, EPDM finds application in several areas including automotive, building and construction, plastic modification, wires and cables, tires and tubes, and lubricant additives.

EPDM rubber is basically a thermoplastic elastomer which is used in applications requiring rubbery properties with light weight, high mechanical strength, and chemical resistance. EPDM rubber is majorly employed in the automotive and construction sectors. Hence, the expansion of these industries owing to industrialization is directly linked to the fluctuations in the demand of EPDM rubber in the forecast period. These sectors are anticipated to swell up the demand of EPDM in the upcoming years.

The global EPDM rubber market is segmented based on end-use, sales channel, and region. The major end use industries of the chemical compound based on its applications are Automotive, Building and Construction, Plastic Modification, Wires and Cables, Tubes & Hoses, Lubricant Additives, and Others. Automotive industry is dominating the EPDM rubber market globally. This industry held a market share of approximately 35% of the total demand in 2021

Regionally, Asia Pacific dominates the Global EPDM rubber market and holds the largest market share in 2021. Asia’s EPDM rubber market is anticipated to grow in the economies like China due to increasing demand of building and construction and furniture making.

“Global Ethylene Propylene Diene Monomer (EPDM) Rubber Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Grade, Sales Channel, Regional Demand, Foreign Trade, Company Share, 2015-2035”, the significant players functional in the Global EPDM market include are Arlanxeo (Lanxess AG - Saudi Aramco JV), Dow Chemical Company, Kumho Petrochemical Company, ExxonMobil Chemical Company, Lion Elastomers LLC (Chemtura), Mitsui Petrochemical Industries Ltd., Versalis SPA Eni (Polimeri Europa), Lotte Versalis Elastomers, Shanghai Sinopec Mitsui Elastomers Co., Ltd., Jilin Xingyun Chemical (PetroChina), and Sumitomo Chemical Co. Ltd. - Saudi Aramco JV.

“Being linked to the construction and automotive industry, the global EPDM rubber industry has shown a robust growth alongside growing population and changing consumer preference. China serves as the key growth region with sufficiently installed capacities for EPDM rubber. With new competitors emerging across the Asia Pacific EPDM rubber market, players anticipate that there will be sufficient supply demand gaps in future. At this, it is extremely important to keep an eye which region will grab the biggest market share in the upcoming years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm promoting ChemAnalyst.

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