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EPDM Rubber Market Analysis to Grow at a CAGR of 4.35% by 2035 | ChemAnalyst

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ChemAnalyst
EPDM Rubber Market Analysis to Grow at a CAGR of 4.35% by 2035 | ChemAnalyst




According to ChemAnalyst report, “Global Ethylene Propylene Diene Monomer (EPDM) Rubber Market Analysis: Industry Market Size, Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Grade, Sales Channel, Regional Demand, Foreign Trade, Company Share, 2015-2035”, global EPDM rubber market has shown impressive growth and is anticipated to reach about 3000 thousand tonnes by 2035 at a CAGR of 4.35% during the forecast period. 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.


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.


Read Full Report Here: https://www.chemanalyst.com/industry-report/epdm-rubber-market-585


EPDM rubber is basically a thermoplastic elastomer which is used in applications requiring rubbery properties with light weight, high mechanical strength, and chemical resistance. EPDM rubber is majorly employed in the automotive and construction sectors. Hence, the expansion of these industries owing to industrialization is directly linked to the fluctuations in the demand of EPDM rubber in the forecast period. These sectors are anticipated to swell up the demand of EPDM in the upcoming years.

The global EPDM rubber market is segmented based on grade, end-use, sales channel, and region. Based on grade, the Ethylene Propylene Diene Monomer (EPDM) market is segregated into High Diene EPDM, Medium Diene EPDM, and Low Diene EPDM.


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 39% of the total demand in 2022. Building and Construction sector is also a prominent consumer of EPDM Rubber market.


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Based on region, Asia Pacific and Europe are the leading consumers across the globe. In 2022, the highest demand was accounted by Asia Pacific region with a market share of roughly 44%. 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 a global scale. 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.


“Global Ethylene Propylene Diene Monomer (EPDM) Rubber Market Analysis: Industry Market Size, Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Grade, Sales Channel, Regional Demand, Foreign Trade, Company Share, 2015-2035”, the significant players functional in the Global EPDM market include 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.


“Being linked to the construction and automotive industry, the global EPDM rubber industry has shown a robust growth alongside growing population and changing consumer preference. China serves as the key growth region with sufficiently installed capacities for EPDM rubber. With new competitors emerging across the Asia Pacific EPDM rubber market, players anticipate that there will be sufficient supply demand gaps in future. At this, it is extremely important to keep an eye which region will grab the biggest market share in the upcoming years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm promoting ChemAnalyst.


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ChemAnalyst is a subsidiary of TechSci Research, which was established in 2008, and has been providing exceptional management consulting to its clients across the globe for over a decade now. For the past four years, ChemAnalyst has been a prominent provider of Chemical commodity prices in more than 15 countries. We are a team of more than 100 Chemical Analysts who are committed to provide in-depth market insights and real-time price movement for 300+ chemical and petrochemical products. ChemAnalyst has reverberated as a preferred pricing supplier among Procurement managers and Strategy professionals worldwide. On our platform, we provide an algorithm-based subscription where users can track and compare years of historical data and prices based on grades and incoterms (CIF, CFR, FOB, & EX-Works) in just one go.


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