Ethylene Propylene Diene Monomer Market Size | Major Players, Strategic Initiatives, Cost Analysis, Channels with Forecast By 2027
Market Highlights
Ethylene propylene diene monomer elastomers continue to be one of the most commonly used and fastest growing synthetic rubbers. Improvement of quality and durability in ethylene propylene diene monomer design and performance has resulted in wide usage in automotive weather-stripping and seals, roofing membrane, electrical insulation glass-run channel, radiator, appliance hose, tubing, belts, roofing membrane, rubber mechanical goods, plastic impact modification, thermoplastic vulcanizates and other applications. Ethylene propylene diene monomer are valuable for their excellent resistance to heat, oxidation, ozone and weather aging due to their stable, saturated polymer backbone structure.
Regional analysis:
The global Ethylene Propylene Diene Monomer Market Size is classified on the basis of variegated geographic segmentation which involves regions such as America, Europe, Asia-Pacific, Middle East and Africa. Out of all, Asia Pacific ethylene propylene diene monomer market is largest market owing to robust industry growth of application industry in China, Japan, India Thailand and South Korea. Asia Pacific ethylene propylene diene monomer market size is likely to witness highest gains over the forecast period. Positive stance on end-use industries such as automotive, building & construction, plastics industry, and others in countries like China & India is predict to drive demand. Above all China is major dominating country owing to large scale production of end user industries such as automotive industry and building & construction industry.
The North American ethylene propylene diene Monomer market is expressively increasing their end-use industries. North America is expected to hold the market with its increasing demand for ethylene propylene diene monomer in various applications, such as weather-seal, thermoplastic vulcanizes, tubing, lubricant additive and others. The North American markets is predicted to show a rising growth in the forecasted period. Investments and development is a key strategy of this ethylene propylene diene Monomer market some manufacturing companies, associations, and end-product manufacturers give high investments for advancements and developments of ethylene propylene diene monomer to fulfill the new technology demand required from different end-user industries applications.
North America is one of the second largest region, both in terms of volume and value, followed by Europe. In Europe region Germany accounts for the highest share of the ethylene propylene diene monomer market. Some market restrains such as emerging competition from replacements in the automotive, building & construction industry, On the other hand, environmental concerns in Europe may hamper the market for the forecasted period. Latin America is expected to witness noteworthy growth owing to increasing automotive industry, especially in Brazil.
Global Ethylene Propylene Diene Monomer Key Players
Key players of the global Ethylene Propylene Diene Monomer market Size are: Exxon Mobil Corporation (US), The Dow Chemical Company (US), Mitsui Chemicals, Inc. (Japan), LANXESS AG (Germany), Firestone Building Products Company (US), Sumitomo Chemical Co. Ltd. (Japan), Kumho Polychem Co., Ltd (South Korea), Johns Manville. (US), Carlisle Companies (US), Lion Elastomers (US), and Others.
Segmentation
The global ethylene propylene diene monomer market share is majorly segmented on the basis of application, end users and region. Based on application of EPDM the market is segmented into roofing membrane, electrical insulation, weather-seal, thermoplastic vulcanizes, tubing, lubricant additive, and other applications. Based on end user the market segmented into automotive, building & construction, plastics industry and others and based on region market is segmented into North America, Europe, APAC, Latin America, and Middle East & Africa.
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