Global Ethylene Propylene Diene Monomer (EPDM) Market, By Application (Building & Construction, Elec

Published Date: | Report Code : CH1958359

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Increasing demand for synthetic rubber is expected to drive the growth of ethylene propylene diene monomer market during the forecast period. This has resulted some of the key developments by companies operating in the market to consolidate their market positions and look for further niche opportunities.

EPDM is a type of synthetic rubber that has the characteristics of high heat and oxidized chemical resistance. It is also resistant to various other substances such as mild acids, water, brake fluids, and others.

Segment Analysis:

Based on the application, it is divided into building & construction, electrical & electronics, automotive, wires & cables, plastics, lubricant additive, and others. The automotive segment is the largest segment as EPDM is being used in hydraulic brake systems, window spacers, belts, glass run channels among many other automotive components. It is being used so heavily, as it provides premium quality and non-reflective finish.

There has been increasing the use of EPDM as a lubricant additive as it helps increase the viscosity and perform according to the changing temperature and weather.

The APAC region has been growing in this market as there are lower labor costs and also proximity to the supplies of the raw material.

Key Factors Impacting Market Growth:

  • Increasing demand for synthetic rubber

  • A rise in the construction activities

Regional Analysis:

On the basis of the region, the ethylene propylene diene monomer market has been segmented by North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, & Rest of the World. North America and Western Europe being some of major markets are also traditional suppliers of chemicals such as specialty chemicals, bulk chemicals, and so on. Major companies in this market are headquartered in North America and Western Europe. This region has been witnessing number of transitions in terms of productions of chemicals and respective applications by end-use industries. The preference towards bio-based feedstock has been instrumental in the development of the green alternatives in these regions. Moreover, regulatory authorities have imposed strict guidelines with regards environmental concerns and potential health hazards due to exposures. This has been more instrumental in the Western Europe region competitively. Some of the major economies in these regions include US, Germany, UK, France, Canada, Italy, Spain, and so on.

Asia Pacific and Middle East are expected to register substantial growth in ethylene propylene diene monomer market during the forecast period. This demand is with regards to the growth of major Applications such as building & construction, electrical & electronics, automotive, wires & cables, plastics, lubricant additive, and others. Major countries in Asia Pacific region include China, South Korea, Japan, India, Australia, and So on. Middle East includes UAE, Saudi Arabia, Iran, Israel, Egypt, and so on. Eastern Europe has been largely dominated by Russia and Turkey with operations of major chemical giants in the region. Rest the World that includes South America and Africa has a strong potential for ethylene propylene diene monomer market. There has been increasing number of investments by global companies in these regions to strengthen their presence and tap the potential market. Major economies in these regions for ethylene propylene diene monomer market include Brazil, South Africa, Nigeria, Argentina, Colombia, and others.

Companies Covered: The Dow Chemical Company, Lanxess AG, Sumitomo Chemical Co., Ltd., Lion Elastomers, LLC, Mitsui Chemicals, and Exxon Mobil Corporation

Market Segmentation:

By Application:

  • Building & Construction

  • Electrical & Electronics

  • Automotive

  • Wires & Cables

  • Plastics

  • Lubricant Additive

  • Others

By Region:

  • North America

    • By Country (US, Canada, Mexico)

    • By Application

  • Western Europe

    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)

    • By Application

  • Eastern Europe

    • By Country (Russia, Turkey, Rest of Eastern Europe)

    • By Application

  • Asia Pacific

    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)

    • By Application

  • Middle East

    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)

    • By Application

  • Rest of the World

    • By Region (South America, Africa)

    • By Application

Reasons to Buy This Report:

  • Market size estimation of the global ethylene propylene diene monomer (EPDM) market on a regional and global basis

  • The unique research design for market size estimation and forecast

  • Profiling of major companies operating in the market with key developments

  • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

  • By Segment

  • By Sub-segment

  • By Region/Country

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