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Market Research Report
Product code
1053624
EPDM Market Share, Size, Trends, Industry Analysis Report, By End-Use (Building & Construction, Electrical & Electronics, Automotive, Manufacturing, Others); By Region; Segment Forecast, 2021 - 2028 |
EPDM Market Share, Size, Trends, Industry Analysis Report, By End-Use (Building & Construction, Electrical & Electronics, Automotive, Manufacturing, Others); By Region; Segment Forecast, 2021 - 2028 |
Published: October 1, 2021
Polaris Market Research
Content info: 111 Pages
Delivery time: 1-2 business days
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The global EPDM market size is expected to reach USD 4.06 billion by 2028 according to a new study by Polaris Market Research. The report "EPDM Market Share, Size, Trends, Industry Analysis Report, By End-Use (Building & Construction, Electrical & Electronics, Automotive, Manufacturing, Others); By Region; Segment Forecast, 2021 - 2028" gives a detailed insight into current market dynamics and provides analysis on future market growth.
EPDM is increasingly being used owing to rising industrialization and urbanization. Growing application in the construction industry and development of public infrastructure has also boosted the industry growth. Rising application in the automotive sector and increasing use in electric vehicles have resulted in greater demand for the product. However, the COVID-19 outbreak has negatively impacted the EPDM industry due to supply chain disruption, operational challenges, transportation delays, and travel restrictions.
The product is used in diverse industries such as building and construction, electrical and electronics, automotive, manufacturing, and others. The automotive segment accounted for the highest share in 2020. Increasing demand for passenger vehicles, modernization of vehicles, and need for greater performance boost the segment's growth.
Rising environmental consciousness, combined with government initiatives, is encouraging consumers to switch to electric vehicles. The growing need to reduce weight in automobiles for increased performance, technological advancements associated with the product, and rising investments in R&D have been observed across the globe.
Some major industry participants include Arlanxeo, Carlisle Companies, DOW Inc., ExxonMobil Corporation, Jilin Xingyun Chemical, JSR Corporation, Lanxess, Lion Elastomers, LLC., Mitsui Chemicals, Inc., PetroChina Company Limited, PJSC, SABIC, SK Global Chemical Co., Ltd., Sumitomo Chemical Co., Ltd., Versalis S.p. A.
Industry players are collaborating with each other for research and development, strengthening industry presence, and technological innovation. Greater need to cater to growing customer requirements has encouraged industry participants to leverage new technologies to develop high-quality products.
Polaris Market Research has segmented the EPDM market report on the basis of end-use industry, and region:
EPDM End-Use Outlook (Revenue, USD Million, 2016 - 2028)
Building and Construction
Electrical and Electronics
Automotive
Manufacturing
Others
EPDM Regional Outlook (Revenue, USD Million, 2016 - 2028)
North America
U.S.
Canada
Europe
Germany
UK
France
Italy
Spain
Netherlands
Austria
Asia Pacific
China
India
Japan
South Korea
Indonesia
Malaysia
Latin America
Brazil
Mexico
Argentina
Middle East & Africa
Saudi Arabia
South Africa
Israel
UAE
List of Tables
Figure 1 Global EPDM Market, 2016 - 2028 (USD Billion)
Figure 2 Integrated Ecosystem
Figure 3 Research Methodology: Top-Down & Bottom-Up Approach
Figure 4 Market by Geography
Figure 5 Porter's Five Forces
Figure 6 Market by End-Use
Figure 7 Global EPDM Market, by End-Use, 2020 - 2028 (USD Billion)
Figure 8 EPDM Market Assessment, By Geography, 2016 - 2028 (USD Billion)
Figure 9 Strategic Analysis - EPDM Market