Acknowledging the kind of traction gained by this market, recently published a study report asserts the global Ethylene Propylene Diene Monomer (EPDM) Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of around 6.5% during the review period (2022 to 2027).
The worldwide automotive supply industry got affected heavily because of the pandemic resulting in a sudden halt in both production and sales of motor vehicle in several regions. These stoppages led to a significant decrease in the production of vehicles, to be precise a drop of 16% according to OICA data which mentions that less than 78 million vehicles were produced. This process negatively affected the demand for EPDM in the year 2022.In the medium-term scenario, the key factor driving the demand of the market is the construction sector worldwide, especially in the developing countries. At the same time, the dip in the automotive industry may hamper market growth. Several Characteristics of EPDM like low life-cycle costs, better resistivity toward cold and heat, high flexibility, UV resistivity along with elongation in any climate have increased its use in roofing solutions. EPDM is also used is sloping and slabs, basements, swimming pools and podium decks.
The report aspects discussed the profile of the top manufacturers of the global Ethylene Propylene Diene Monomer (EPDM) Market. These aspects include financial status of major companies, trending advancements and entire market scenario. Growth of the report have examined Ethylene Propylene Diene Monomer (EPDM) Market production, demand and growth potential, geographic analysis, as well as current market developments invarious regions and countries.
21.Jan.2021: ExxonMobil introduces new TPV integrated system solutions--
ExxonMobil has introduced new Santoprene integrated thermoplastic vulcanizate (TPV) system solutions which have the potential to extend the frontiers of performance and recyclability while optimizing costs for glass run channel (GRC) weatherseals. The system solutions are enabled by two new TPV grades which, when used together, are designed to replace EPDM rubber.
By Type, Ethylene Propylene Diene Monomer (EPDM) Market has been segmented into
By Application, Ethylene Propylene Diene Monomer (EPDM) Market has been segmented into
The report offers in-depth assessment of the growth and other aspects of the Ethylene Propylene Diene Monomer (EPDM) Market in important regions, including the U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, Taiwan, Southeast Asia, Mexico, and Brazil, etc. Key regions covered in the report are North America, Europe, Asia-Pacific and Latin America.
Asia Pacific accounted for the largest revenue share of more than 40.0% in 2021. The market in the Asia Pacific is primarily driven by the ascending product demand from the key industries including automotive, building and construction, and electrical and electronics. Over the past few years, the manufacturing industry in the Asia Pacific has been attracting significant investments from leading MNCs.
Report Attributes
|
Report Details |
Forecast Period 2022 to 2027 CAGR |
CAGR of 6.5% during the review period (2022 to 2027). |
By Type |
|
By Application |
|
By Companies
|
Lanxess, ExxonMobil, DowDuPont, SK Chemical, JSR/Kumho, Sumitomo, Lion Elastomers, MITSUI, PJSC Nizhnekamskneftekhim, SABIC, Eni (Polimeri Europa), SSME, Jilin Xingyun Chemical and others. |
Regions Covered
|
|
Countries Covered |
|
Base Year
|
2022 |
Historical Year
|
2017 to 2021 |
Forecast Year
|
2022 to 2027 |
Customization Available
|
Yes, the report can be customized as per your needs |
All our reports are customizable to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report to your needs.
What is the study period of this market?
The Relay Market is studied from 2017 - 2027.
What is the growth rate of Ethylene Propylene Diene Monomer (EPDM) Market?
The Relay Market is growing at a CAGR of 6.5% over the next 5 years.
Who are the key players in Ethylene Propylene Diene Monomer (EPDM) Market?
Lanxess, ExxonMobil, DowDuPont, SK Chemical, JSR/Kumho, Sumitomo, Lion Elastomers, MITSUI, PJSC Nizhnekamskneftekhim, SABIC, Eni (Polimeri Europa), SSME, Jilin Xingyun Chemical and others.
What region does this Ethylene Propylene Diene Monomer (EPDM) Market report covers?
North America (the United States, Canada, and Mexico) Europe (Germany, France, UK, Russia, and Italy) Asia-Pacific (China, Japan, Korea, India, and Southeast Asia) South America (Brazil, Argentina, Colombia, etc.) The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of Ethylene Propylene Diene Monomer (EPDM) Market?
Solution Polymerization, Suspension Polymerization
What are the major end-use applications of Ethylene Propylene Diene Monomer (EPDM) Market?
Automotive Industry, Building & Construction, Wires & Cables, Other
Application_List
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
Reach us with your research requirements and we shall provide the optimum solution to suit your needs.
Discounts available for multiple report purchases.
