The global Ethylene Propylene Diene Monomer (EPDM) Rubber market stood around 1500 thousand tonnes in 2021 and is expected to grow at a steady CAGR of 4.31% during the forecast period until 2035. Recently, Sumitomo Chemical announced that it will stop producing EPDM rubber at its Chiba Works facility in Japan by the end of March 2023.
Ethylene propylene diene monomer (EPDM) Rubber is a synthetic rubber that is made from ethylene, propylene, and diene co-monomer which helps in sulfur vulcanization. It can be manufactured via two processes which are solution polymerization and suspension polymerization. EPDM Rubber has various properties like heat resistance, chemical resistance, lightweight, durability, etc. Due to these properties, EPDM rubber finds application in several areas including automotive, building and construction, plastic modification, wires and cables, tires and tubes, and lubricant additives.
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 for electric vehicles is expected to push the demand further during the forecast period. Throughout the projection period, the automotive and construction industries are anticipated to exhibit significant increase which will further swell the Ethylene Propylene Diene Monomer (EPDM) Rubber demand in the forecast period and total market to reach about 3000 thousand tonnes by 2035.
Based on region, Asia Pacific and Europe are the leading consumers across the globe. In 2021, the highest demand was accounted by Asia Pacific region with a market share of roughly 40%. Due to increasing demand of EPDM rubber in application areas including construction and automotive sectors, it is anticipated that Ethylene Propylene Diene Monomer (EPDM) Rubber market is anticipated to swell in the forecast period. Furthermore, China is leading producer of Ethylene Propylene Diene Monomer (EPDM) Rubber on an international level. Favorable economic policies that encourage large EPDM producers to establish capacity in this country which is the main drivers of the predominance. In western countries like Europe and USA the governments are pushing towards cleaner methods of producing EPDM which is resulting in reduced production rate.
Based on grade, the Ethylene Propylene Diene Monomer (EPDM) market is segregated into High Diene EPDM, Medium Diene EPDM, and Low Diene EPDM. The most prevalent type of EPDM on the market is Medium Diene among these grades. This grade held a market share of about 52% in 2021.
Based on the end-user industry, the global Ethylene Propylene Diene Monomer (EPDM) Rubber market is segmented into Automotive, Building and Construction, Plastic Modification, Wires and Cables, Tubes & Hoses, Lubricant Additives, and Others. Although, Automotive industry is the dominating as a consumer, with a market share of approximately 35% of the total demand in 2021. Building and Construction sector is also a prominent consumer of EPDM Rubber market where it is employed for
Major players in the production of Global Ethylene Propylene Diene Monomer (EPDM) Rubber market 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.
Years considered for this report:
Historical Period: 2015- 2021
Base Year: 2021
Estimated Year: 2022
Forecast Period: 2023-2035
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Objective of the Study:
• To assess the demand-supply scenario of Ethylene Propylene Diene Monomer (EPDM) Rubber which covers production, demand and supply of Ethylene Propylene Diene Monomer (EPDM) Rubber market in the globe.
• To analyse and forecast the market size of Ethylene Propylene Diene Monomer (EPDM) Rubber
• To classify and forecast Global Ethylene Propylene Diene Monomer (EPDM) Rubber market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Ethylene Propylene Diene Monomer (EPDM) Rubber market in the globe.
To extract data for Global Ethylene Propylene Diene Monomer (EPDM) Rubber market, primary research surveys were conducted with Ethylene Propylene Diene Monomer (EPDM) Rubber manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Global Ethylene Propylene Diene Monomer (EPDM) Rubber market over the coming years.
ChemAnalyst calculated Ethylene Propylene Diene Monomer (EPDM) Rubber demand in the globe by analyzing the historical data and demand forecast which was carried out considering the historical extraction and supply and demand of Ethylene Propylene Diene Monomer (EPDM) Rubber across the globe. ChemAnalyst sourced these values from industry experts, and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Ethylene Propylene Diene Monomer (EPDM) Rubber manufacturers and other stakeholders
• Organizations, forums and alliances related to Ethylene Propylene Diene Monomer (EPDM) Rubber distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Ethylene Propylene Diene Monomer (EPDM) Rubber manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Global Ethylene Propylene Diene Monomer (EPDM) Rubber s market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
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Details
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Market size Volume in 2021
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1500 thousand tonnes
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Market size Volume by 2035
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3000 thousand tonnes
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Growth Rate
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CAGR of 4.31% from 2022 to 2035
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Base year for estimation
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2022
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Historic Data
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2015 – 2021
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Forecast period
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2023 – 2035
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Quantitative units
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Demand in thousand tonnes and CAGR from 2022 to 2035
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Report coverage
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Industry Market Size, Capacity By Company, Capacity by Location, Production by Company, Demand by End- Use, Demand by Grade, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Foreign Trade, Company Share
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Segments covered
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By End-Use: (Automotive, Building and Construction, Plastic Modification, Wires and Cables, Tubes & Hoses, Lubricant Additives, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
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Regional scope
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North America, Europe, Asia Pacific, Middle East and Africa, and South America.
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Pricing and purchase options
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