Global EPDM rubber demand is projected to grow at a healthy CAGR of 7.15%. Ethylene propylene diene monomer (EPDM) is a synthetic rubber which is made from ethylene, propylene and diene co-monomer which helps in sulphur vulcanization. It can be manufactured via two processes which are solution polymerization and suspension polymerization. EPDM has various properties like heat resistance, chemical resistance, light weight, durability etc. Due to these properties, EPDM 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 of electric vehicles is expected to push the demand further during the forecast period.
In 2020, the spread of COVID-19 in major global economies caused nationwide lockdowns which had an impact on a number of industries. Construction and automotive were among the most affected industries during the pandemic. This had an impact on the demand of EPDM for the first half of 2020. The demand for EPDM rubber fell during the coronavirus pandemic from the automotive and construction segment.
Region wise, Asia pacific region holds the major share of global demand for EPDM rubber due to increasing demand of application industries such as automotive and construction. Moreover, increasing number of industries using EPDM rubber is also an influencing factor supporting demand rise in Asia Pacific. Growing demand of electric vehicles is going to push the demand further in Asia Pacific.
Years considered for this report:
Historical Period: 2015-2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022–2030
Objective of the Study:
•To assess the demand-supply scenario of EPDM rubber which covers production, demand and supply of EPDM rubber market globally.
•To analyse and forecast the market size of EPDM rubber .
•To classify and forecast global EPDM rubber market based on technology, end-use and regional distribution.
•To identify drivers and challenges for global EPDM rubber market.
•To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global EPDM rubber market.
•To identify and analyse the profile of leading players involved in the manufacturing of EPDM rubber.
Major players for EPDM rubber globally include Arlanxeo, DOW Inc, Exxon Mobil Corporation, JSR Corporation (Kumho Polychem Co. Ltd.), PetroChina Company Limited, Versalis S.p. A, SK Global Chemical Co. Ltd, Sumitomo Chemical Co. Ltd., and Mitsui Chemicals, Inc.
To extract data for global EPDM rubber market, primary research surveys were conducted with EPDM rubber manufacturers, suppliers, distributors, wholesalers and end users. 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 end user segments and projected a positive outlook for Global EPDM rubber market over the coming years.
ChemAnalyst calculated EPDM rubber demand globally by analyzing the historical data and demand forecast which was carried out considering imported EPDM rubber, prices, materials used for production of EPDM rubber . 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:
• EPDM rubber manufacturers and other stakeholders
•Organizations, forums and alliances related to 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 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.
In this report, global EPDM rubber market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Market, by Application
Automotive, Building and Construction, Plastic Modification, Wires and Cables, Tires and Tubes, and Lubricant Additives
Market, by Process
Solution Polymerization and Suspension Polymerization
Market, by Sales Channel
Direct Company Sale, Direct Import, Distributors & Traders, Retailers
Market, by Region
North America, APAC, Europe, MEA, South America
ChemAnalyst offers detailed analysis of major players including basic company details, Segmental/product information, financial matrices, growth strategies, expansion plans, collaborations, SWOT analysis etc.to give a comprehensive and meaningful insights on the respective product market.
With the given market data, Chemanalyst offers customizations according to a company’s specific needs.
In case you don’t find what, you are looking for, please get in touch with our custom research team at email@example.com