H1 2023: The key producers of EPDM rubber in the USA were ExxonMobil Chemical Company and Dow Chemical Company. In H1 2023, the EPDM Rubber market displayed mixed sentiments, supported by shifting dynamics of supply and demand in the USA. EPDM Rubber prices were low in January increased in February, and again dropped in March. The automobile sector recovered as soon as the region's supply began to improve in February. The financial strain the USA due to the economic unrest brought on by the failure of two significant US banks led to poor buying activities in March, hence causing a decrease in the EPDM rubber. Due to the economic downturn's severe impact on the automobile sector, less EPDM rubber was consumed by the automotive sector, which eventually resulted in a decrease in price in March 2023. After the end of March, EPDM prices continuously fell till May, but they then started to rise in June 2023. U.S. auto industry was experiencing difficulties due to high interest rate and unfavourable economic conditions, there was a sluggish demand for EPDM rubber. Additionally, the usage of EPDM Rubber in the construction industry was feeble in April- May 2023. Furthermore, drop in the prices of the feedstocks ethylene and propylene also supported the poor pricing trend. However, the U.S. automotive sector experienced growth in June, which caused an improvement in the purchase rate of EPDM Rubber in that month of June.
The USA Ethylene Propylene Diene Monomer (EPDM) Rubber Ethylene Propylene Diene Monomer (EPDM) Rubber market reached approximately 280 thousand tonnes in 2022 and is expected to further grow at a healthy CAGR of 5.25% during the forecast period until 2032.
Ethylene Propylene Diene Monomer (EPDM) Rubber is a synthetic rubber It is synthesized from ethylene, propylene, and a diene co-monomer that aids in the vulcanization of sulphur. It can be produced either using the solution polymerization or the suspension polymerization techniques. EPDM has a wide range of characteristics, including resistance to heat and water, protection against UV rays, chemical abrasion, light-weight nature, and longevity due to which it finds application in numerous industries including construction, automotive, and adhesives. However, EPDM is not resistant towards hydrocarbon fuel. In order to improve the performance of the product, it is frequently blended with other chemical products.
Rapid growth in the U.S. construction and automotive industries has resulted in a sharp increase in demand for EPDM in the historic years of 2015-2020. The demand for ethylene propylene diene monomer (EPDM) is anticipated to rise significantly in the forecast period because of the increasing expansion of application sectors, including automotive and building & construction. Moreover, rising demand of EPDM in electric products is another factor that contributes finely to market expansion. The USA Ethylene Propylene Diene Monomer (EPDM) Rubber market will most likely reach 470 thousand tonnes by 2032.
Based on demand by region, the USA Ethylene Propylene Diene Monomer (EPDM) Rubber market is divided into West, Midwest, Northeast, Southwest, and Southeast. Among these regions, Southwest region is dominating the USA market. In 2022, this region held a market share of nearly 80% of the USA Ethylene Propylene Diene Monomer (EPDM) Rubber market. In the United States of America, Louisiana has most of the EPDM capacity as of 2022 and is anticipated to maintain its position over the forecast period.
Based on grade, the global Ethylene Propylene Diene Monomer (EPDM) Rubber market is divided into High Diene EPDM, Medium Diene EPDM, and Low Diene EPDM. As of 2022, Medium Diene EPDM is dominating the EPDM rubber market with a market share of approximately 55%. With the increase in grade, the cross-linking increases and thus the ageing-resistance of the EPDM rubber.
Based on the end-use industry, USA 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. The Automotive industry is dominating the EPDM market in USA where it is utilized for sealing purposes and provide protection against weather conditions like rain and storms. It is practically used in door seals, gaskets, engine covering, protective pads and more. Furthermore, the Building and Construction is another prominent consumer of EPDM.
Major players in the production of USA Ethylene Propylene Diene Monomer (EPDM) Rubber are Arlanxeo (Lanxess AG/DSM Elastomer), ExxonMobil Chemical Company, Dow Chemical Company, Lion Elastomers LLC, and others.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2024-2032
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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 USA.
• To analyse and forecast the market size of Ethylene Propylene Diene Monomer (EPDM) Rubber
• To classify and forecast USA 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 USA.
To extract data for USA 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 USA Ethylene Propylene Diene Monomer (EPDM) Rubber market over the coming years.
ChemAnalyst calculated Ethylene Propylene Diene Monomer (EPDM) Rubber demand in USA by analyzing the historical data and demand forecast which was carried out considering the historical supply and demand of Ethylene Propylene Diene Monomer (EPDM) Rubber across the USA. 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, USA Ethylene Propylene Diene Monomer (EPDM) Rubber 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 2022
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280 thousand tonnes
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Market size Volume by 2032
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470 thousand tonnes
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Growth Rate
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CAGR of 5.25% from 2023 to 2032
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Base year for estimation
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2023
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Historic Data
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2015 – 2022
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Forecast period
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2024 – 2032
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Quantitative units
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Demand in thousand tonnes and CAGR from 2023 to 2032
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Report coverage
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Industry Market Size, Capacity By Company, Capacity by Location, Industry Market Size, Production by Company, Demand by Grade, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Foreign Trade, Manufacturing Process, Policy and Regulatory Landscape,
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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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West, Midwest, Northeast, Southwest, and Southeast
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Pricing and purchase options
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Available Customizations:
With the given market data, ChemAnalyst offers customizations according to a company’s specific needs.
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