Ethylene Propylene Diene Monomer Market Growth, Report 2023-2028

IMARC Group, a leading market research company, has recently releases report titled “Ethylene Propylene Diene Monomer Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global ethylene propylene diene monomer market growth, share, size, trends, and forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

How big is the ethylene propylene diene monomer market?

The global ethylene propylene diene monomer (EPDM) market size reached US$ 4.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 6.4 Billion by 2028, exhibiting a growth rate (CAGR) of 4.5% during 2023-2028.

What is ethylene propylene diene monomer?

Ethylene-propylene-diene monomer (EPDM) refers to a copolymer of ethylene, propylene, and a limited amount of non-conjugated diene monomers, which provide cross-linking sites for vulcanization. It has excellent heat, ozone, weathering, and aging resistance, along with enhanced electrical insulation, compression set, and low-temperature properties. It is blended with other polymers to produce car bumpers, fender extensions, and rub strips. It is also utilized in the automotive industry to manufacture radiator and heater hoses, window and door seals, O-rings and gaskets, accumulator bladders, wire and cable connectors and insulators, diaphragms, and weather stripping.

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What are the growth prospects and trends in the ethylene propylene diene monomer industry?

At present, the increasing demand for EPDM, as it offers resistance from abrasion, tear, impact, and ultraviolet (UV) rays, represents one of the significant factors supporting the growth of the market.

Besides this, the rising utilization of EPDM in the manufacturing process of interior panels, rear lamp gaskets, hoses, sidewalls, inner tubes, front and rear bumpers, brake systems, door seals, and other vehicular components is propelling the growth of the market. In addition, the growing installation of EPDM on roofs of apartments and buildings for waterproofing the surface is offering a favorable market outlook.

Apart from this, the increasing construction of various residential and commercial infrastructures is supporting the growth of the market.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Manufacturing Process:

  • Solution Polymerization Process
  • Slurry and Suspension Process
  • Gas-Phase Polymerization Process

Breakup by Sales Channel:

  • Direct Sales
  • Indirect Sales

Breakup by Application:

  • Automotive
  • Building and Construction
  • Manufacturing
  • Electrical and Electronics
  • Others

Market Breakup by Region:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa

Who are the key players operating in the industry?

The report covers the major market players including:

Arlanxeo, Carlisle Companies Incorporated, Dow Inc., Exxon Mobil Corporation, Firestone Building Products (Holcim Group), Jilin Xingyun Chemical Co. Ltd., Johns Manville (Berkshire Hathaway Inc.), Kumho Polychem (Kumho Petrochemical Co. Ltd), Lion Elastomers, Mitsui Chemicals Inc. and West American Rubber Company LLC.

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

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