Ethylene Propylene Diene Monomer (EPDM) Market: Key HighlightsThe global ethylene propylene diene monomer (EPDM) market was valued at ~ US$ 3.8 Bn in 2018, and is anticipated to expand at a CAGR of ~ 6% during the forecast period.The global ethylene propylene diene monomer market is driven by the rise in the demand for EPDM in automotive applications such as rear-lamp gaskets, hoses, tire sidewalls, inner tire tubes, front and rear bumpers, and braking systems.Asia Pacific accounts for a major share of the global ethylene propylene diene monomer market, led by an increase in the demand for EPDM for use in thermoplastics modification in the region.Request A Sample – https://www.transparencymarketresearch.com/sample/sample.php?flag=S_id=1285Key Drivers of the EPDM MarketEthylene propylene diene monomer, a type of synthetic rubber, is primarily used in automotive, roofing, and plastic modification applications.Ethylene propylene diene monomer is extensively employed in the automotive industry, owing to its chemical properties such as high temperature sustainability, and resistance to heat, harsh weather conditions, ozone, and steam.REQUEST FOR COVID19 IMPACT ANALYSIS –https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19_id=1285 Highly volatile prices of natural rubber is a major factor that has compelled rubber consumers across the globe to shift from natural rubber toward synthetic rubber such as ethylene propylene diene monomer.Ethylene propylene diene monomer is widely used in the construction and civil engineering sector in applications such as mounting structures, bridge bearings, expansion joints, pipe couplings, water barriers, roofing membranes, rubberized asphalt, and concrete texturing.More Trending Reports by Transparency Market Research –https://www.prnewswire.com/news-releases/global-paints–coatings-fillers-market-volume-to-reach-25-465-kilo-tons-by-2027-transparency-market-research-301007303.htmlBuilding & Construction Sector to Offer Attractive OpportunitiesEthylene propylene diene monomer is an extremely durable, synthetic-rubber, roofing membrane that is widely used in low-slope buildings across the globe.ethylene and propylene, are derived from oil and natural gas.Ethylene propylene diene monomer is widely used in the building & construction industry, due to its properties such as resistance to cracks, water, and temperature.Thus, it is suitable to be used in roofing solutions in the construction industry.Ethylene propylene diene monomer offers properties such as high electric resistance and excellent electric insulation.EPDM is widely employed in the manufacture of low- and medium-voltage cable insulations, wires, and submersible water pumps, due to its water-repellent property.In the automotive industry, EPDM is used in hydraulic brake systems, wire and cable harnesses, tubing, window spacers, radiators, belts, weather stripping and seals, glass-run channels, and door, window, and trunk seals.Furthermore, ethylene propylene diene monomer exhibits unsatisfactory compatibility with most oils, kerosene, gasoline, aromatic and aliphatic hydrocarbons, concentrated acids, and halogenated solvents.The above-mentioned disadvantages of EPDM augment the usage of other elastomers, including NBR, polyurethane-based, and HNBR elastomers, in various applications.Furthermore, the oversupply of ethylene propylene diene monomer led by the rise in production capacities acts as a major restraining factor for players operating in the global ethylene propylene diene monomer market.