PUBLISHER: Grand View Research | PRODUCT CODE: 1751373
PUBLISHER: Grand View Research | PRODUCT CODE: 1751373
The global ethylene propylene diene monomer market is anticipated to reach USD 6.67 billion by 2030 and is anticipated to expand at a CAGR of 5.5% from 2025 to 2030, according to a new report by Grand View Research, Inc. Increasing investments in automotive sectors and new product developments based on research and specific industry requirements primarily drive growth.
The growing adoption of products developed with ethylene propylene diene monomer (EPDM) is mainly linked to increasing application areas across industries such as automotive, construction, consumer goods, pharmaceuticals, and medical devices. Rising demand for seals and gaskets with unique features such as UV resistance and biocompatibility is expected to generate greater opportunities for this market.
Collaborations among key market participants, automotive OEMs, and material suppliers are likely to result in significant growth for this industry. Innovation-based product developments, the incorporation of new features in products, and manufacturers' increasing focus on engaging in long-term supply contracts are also projected to create new opportunities for the industry.