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Ethylene Propylene Diene Monomer Market Size, Application Analysis, Regional Outlook
Market Research Future (MRFR) recognizes the following companies as the key players in the global ethylene propylene diene monomer market: 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.
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Commenting on this report, an analyst from Market Research Future (MRFR)’s team said, “Global Ethylene Propylene Diene Monomer Market size is expected to grow at ~5.5% CAGR by 2022. The market witnessed a significant growth over the forecasted period owing to growing end user industries such as into automotive, building & construction, plastics industry, and others. Ethylene propylene diene monomer is an elastomer formulated from ethylene and propylene monomers. EPDM has exceptional resistance to heat, ozone, sunlight, alkalis, acids and oxygenated solvents. It has very good temperature flexibility, superior resistance to water and steam. EPDM offers higher quality for external and differing temperature applications. Presently automobile industry has the biggest EPDM consumption.
The global ethylene propylene diene monomer market has been segmented into application and end use industries. On the basis of application, the market has been divided into roofing membrane, electrical insulation, weather-seal, thermoplastic vulcanizes, tubing, lubricant additive, and other applications and on the basis of end user market is divided into automotive, building & construction, plastics industry, and others. Among these end user industry automobile covers the largest ethylene propylene diene monomer market share. EPDM has features like excellent elasticity, wear resistance, heat resistance, weather resistance, ozone resistance, fresh water & seawater resistance owing to these feature it has a wide application in automotive industry specially in weather-strip, sealing components in engine cooling aircon system, coolant transfer hoses, shock absorber, dust proof cover, and tire sidewall.
Furthermore, EPDM offers versatility, product ranges and availability, environmental benefits, and cost efficiency. EPDM rubber roofing membrane has been a supreme choice of the low-slope commercial roofing industry for over many years. National Roofing Contractors Association and Building Design and Construction magazine said in their market surveys that EPDM continues to be the first roofing choice of building proprietors, roof advisers, engineers, architects and contractors. However, EPDM market has to face various challenges in order to sustain market such as Green environment-friendly requirements for automobile components, new requirements of automobile industry for sealing strips, continuous development and application of other new thermoplastic elastomers, and many other.
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The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of key vendors.
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