Increasing demand for ethylene propylene diene monomer in plastic modification application is driving the market.
Market Size – USD 4.19 Billion in 2018, Market Growth – CAGR of 6.9%, Market Trends – Rising domestic consumption in China.
The global Ethylene Propylene Diene Monomer Market is forecast to reach USD 7.69 Billion by 2027, according to a new report by Reports and Data. Ethylene propylene diene monomer is a copolymer of propylene, ethylene, and a small amount of non-conjugated diene monomers which provide cross-linking sites for vulcanization.
EPDM elastomers have excellent ozone/weathering, heat, and aging resistance. These copolymers exhibit perfect electrical insulation, compression set, and low-temperature properties, but only decent physical strength properties. They have very good resistance to chemicals as well. EDPMs are not compatible with mineral and synthetic di-ester lubricants and hydrocarbon fuels and solvents. They also have poor flame resistance.
EPDM rubber is considered to be the most commonly used rubber for the manufacturing of sheets. The demand for EPDM rubber has increased in construction, automotive, and mechanical goods applications. Its inherent features make it suitable for application in gaskets, lamination, and electrical insulation. Catalyst technologies and polymerization used in today’s day to day applications provide the ability to design EDPM rubber to meet the demanding processing and application needs
Furthermore, the report is furnished with the latest impact of the COVID-19 pandemic on the market. The pandemic has affected every segment of the market, along with bringing disruption in the supply chain, demands & trends, and financial difficulties. The report covers the initial and future assessment of the COVID-19 impact on the market.
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The report covers the market dynamics analysis, company profiles, production and manufacturing capacity, product specifications, product value, and key players. The report also offers an insight into the growth prospects during the forecast period. The Ethylene Propylene Diene Monomer (EPDM) Market report also offers detailed data on the key market players to impart a deeper understanding of the competitive landscape. The report focuses on the key market elements to ensure the readers gain a competitive advantage and maximum benefit of the market data to assist them in achieving substantial growth and an advantageous position in the global market.
Key findings of the report:
Car seals make noise due to movement of the door against the car body, which results in friction between the mating surface, like painted sheet metal or glass, and the EPDM rubber. This noise can be diminished using special coatings generally applied at the time of production of the weather seal. These coatings can also improve the chemical resistance of EPDM rubber.
EPDM elastomers in aerospace & defense are used to manufacture bladders of tanks and lightweight diaphragms. They have fine chemical stability and provides excellent resistance to fuels. They are used to develop landing strut seals, aircraft wing seals, cable blocks, and hatch seals. They have design versatility and are durable in nature.
The most widely-used method of producing ethylene propylene diene monomer at present is solution polymerization, in which copolymerization of ethylene, propylene, and a third monomer, 2-ethylidene-5-norbornene (ENB) or dicyclopentadiene (DCPD), takes place in an inert solvent (cyclohexane, n-hexane, and nefras, among others).
The growth of the market in North America is accredited to the region’s developing automotive sector. Automotive manufacturers in the U.S. are making continuous investments, which is likely to drive the market during the forecast period. The growing demand for EPDM for various automotive applications is due to the shifting demand towards high-performance materials.
Key participants include Exxon Mobil Corporation, SABIC, LANXESS AG, The Dow Chemical Company, Carlisle Companies Inc., SK Global Chemical Co. Ltd., JSR Corporation, Lion Elastomers, Firestone Building Products Company, and Mitsui Chemicals Inc., among others.
In April 2015, Lanxess’s new plant in China started the production of EPDM. The plant has an annual production capacity of 160,000 tons yearly. The facility produces ten premium grades of EPDM customized to the requirement of the customers in Asia Pacific.
Read more at: https://www.reportsanddata.com/report-detail/ethylene-propylene-diene-monomer-epdm-market
For the purpose of this study, the global Ethylene Propylene Diene Monomer (EPDM) market has been segmented on the basis of disease type, application, distribution channel, and region:
Type Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2016-2027)
Solution Polymerization
Suspension Polymerization
Application Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2016-2027)
Seals and Gaskets
Tires and Tubes
Weather-Stripping
Wire & Cable
Electric Insulation
Roofing Membranes
Oil Additives
Radiators
End-User Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2016-2027)
Automotive
Aerospace and Defense
Consumer goods
Building and Construction
Medical
Electronic and Electrical
By Region (Revenue, USD Million; 2017-2027)
North America
- U.S.
- Canada
Europe
- Germany
- U.K.
- France
- BENELUX
- Rest of Europe
Asia Pacific
- China
- Japan
- South Korea
- Rest of Asia Pacific
Latin America
- Brazil
- Rest of Latin America
Middle East & Africa
- Saudi Arabia
- U.A.E.
- Rest of Middle East & Africa
Table Of Contents:
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2018-2027
Chapter 3. Indicative Metrics
Chapter 4. Ethylene Propylene Diene Monomer Market Segmentation & Impact Analysis
4.1. Ethylene Propylene Diene Monomer Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Increasing demand in elastomers
4.2.2.2. Growing usage as a substitute for PVC in automotive
4.2.3. Market restraints analysis
4.2.3.1. Environmental concerns
4.3. Technological Insights
4.4. Regulatory Framework
4.5. ETOP Analysis
4.6. Porter’s Five Forces Analysis
4.7. Competitive Metric Space Analysis
4.8. Price trend Analysis
Continued…
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