EPDM Market worth $7.46 Bn by 2019, According to a New Study on ASDReports

Wednesday 1 October 2014, Amsterdam

The report, now available on ASDReports, “EPDM (Ethylene Propylene Diene Monomer) Market by Application (Automotive, Building & Construction, Tires & Tubes, Wires & Cables and Lubricant Additives) and Geography - Trends & Forecasts to 2019” defines and segments the global EPDM market with analysis and forecasting of the market size by value and volume. It also identifies driving and restraining factors for the global EPDM market with analysis of trends, opportunities, burning issues, winning imperatives, and challenges. The market is segmented and values are forecasted on the basis of major regions such as North America, Europe, Asia-Pacific, and Rest of the World (RoW). The key countries are covered and forecasted for each region. Further, market is segmented and values are forecasted on the basis of applications.


Asia-Pacific: Biggest market of EPDM

Asia-Pacific is currently the largest consumer of EPDM. China is the largest consumer of EPDM in this region. EPDM is a synthetic rubber known for its high quality performance in various industrial applications. EPDM rubber is preferred for its resistance to heat, weather, polar substances, and electrical insulation. The demand for EPDM in this market is driven by major applications such as automotives, plastic modification, building & construction, wires & cables, and tires & tubes. Plastic modification is the fastest growing applications for EPDM in Asia-Pacific. The largest manufacturers of EPDM in this region are PetroChina Co. Ltd. (China), JSR Corporation (Japan), Sumitomo Chemical Co., Ltd. (Japan), and Kumho Polychem Co., Ltd. (South Korea).


Automotive industry: Biggest application of EPDM

The automotive industry is currently the biggest consumer of EPDM. EPDM based products are used for various purposes in different applications such as hoses, mechanical goods for under-hood applications, body sealing, weather-stripping, belts, engine mounts, brake parts, and windshield wipers. Its consumption is expected to increase to $3.71 billion by 2019. Asia-Pacific is currently the largest and fastest growing consumer for EPDM for automotive applications. The market value for automotive applications in Asia-Pacific is expected to grow at a CAGR of 5.58% between 2014 and 2019.

LANXESS AG (Germany), ExxonMobil Chemical (U.S.), Dow Elastomer (U.S.), Mitsui Chemical (Japan), Kumho Petrochemical (South Korea), Lion Copolymer (U.S.), Versalis (Italy), JSR Corporation (Japan), Jilin Chemical (China), SK Global Chemical (Japan), NizhnekamskNeftekhim Inc (Russia), and Sumitomo Chemical Co., Ltd. (Japan) are some of the major manufacturers of EPDM in the world.