PUBLISHER: ChemAnalyst | PRODUCT CODE: 1004529
PUBLISHER: ChemAnalyst | PRODUCT CODE: 1004529
Global EPDM rubber demand stood at 1.35 Million Tonnes in 2020 and is forecast to reach 1.992 Million Tonnes by 2030, growing at a healthy CAGR of 3.83% until 2030.
Ethylene propylene diene monomer (EPDM) is a synthetic rubber that 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, lightweight, 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 for 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 several 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 the increasing demand of application industries such as automotive and construction. Moreover, an increasing number of industries using EPDM rubber is also an influencing factor supporting demand rise in Asia Pacific. The growing demand for 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
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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.
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:
With the given market data, Chemanalyst offers customizations according to a company's specific needs.
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8.5.6.1.1. By Company
8.5.6.1.2. By Location
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By Region