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EPDM Market worth $4.8 billion by 2027 – Exclusive Report by MarketsandMarkets™

Joseph Nchor by Editorial Staff
October 14, 2022
in Press Releases
EPDM Market worth $4.8 billion by 2027 – Exclusive Report by MarketsandMarkets™
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(EMAILWIRE.COM, October 14, 2022 ) The report “EPDM Market by application (Automotive, Building & Construction, Plastic Modification, Tires & Tubes, Wires & Cables and Lubricant Additives), Manufacturing Process, Region (North America, Europe, APAC, MEA, and South America) – Global Forecast to 2027″, size is estimated to be USD 3.6 billion in 2022 and is projected to reach USD 4.8 billion by 2027, at a CAGR of 5.9% between 2022 and 2027.

Download PDF brochure of the Report @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=483

Automotive is the major application segment for EPDM. The recovery of automotive sector in the APAC region is driving the EPDM market during the forecast period. Moreover, the development of eco-friendly technologies for production of EPDM and growing demand for electric & hybrid vehicles are new opportunities in EPDM market.

Automotive application holds the largest share in the EPDM market

EPDM rubber account for significant portion of rubber parts that are utilized in automotive vehicle. China is a significant market for automobiles. The country is focused on developing new energy vehicles (NEVs). NEVs include fuel cell electric vehicles (FCVs), plug-in hybrid electric vehicles (PHEVs), and battery electric vehicles (BEVs). According to the China Association of Automobile Manufacturers (CAAM), the total production of cars in 2021 increased by 3% year-on-year. NEVs will account for 25% of the sales by 2026. In the automotive industry, EPDM is used in hoses, gaskets, body sealing, weather stripping, brake parts, windshield wipers, and other under-hood applications.

By Manufacturing Process, Solution Polymerization Process account for the largest share of the EPDM market

EPDM can be manufactured commercially in three major processes, solution, slurry (suspension), and gas-phase. Polymerization and catalyst technologies provide the ability to design polymers to meet the specific and demanding application and processing needs. Solution polymerization process is the most widely used and is highly versatile in making a wide range of polymers

Don’t miss out on business opportunities in EPDM Market. Speak to Our Analyst and gain crucial industry insights that will help your business grow. https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=483

Browse in-depth TOC on “EPDM Market”
282 – Market Data Tables
52 – Figures
229 – Pages

By region, Asia Pacific accounted for the largest share in the global EPDM market

Asia Pacific accounted for the largest share of the EPDM market in 2021, followed by North America and Europe. The China is one of the leading producers and consumers of EPDM, globally. Asia Pacific dominates the EPDM market as most of the producers of EPDM are based in the Asia Pacific. New construction projects, and steady growth in automotive, are driving the EPDM market in the region.

The leading players in the EPDM market are ARLANXEO (Netherlands), DOW Inc. (US), Exxon Mobil Corporation (US), JSR Corporation (Kumho Polychem Co. Ltd.) (South Korea), PetroChina Company Limited (China), Versalis S.p. A.(Italy), SK Global Chemical Co., Ltd. (South Korea), Sumitomo Chemical Co., Ltd. (Japan), and Mitsui Chemicals, Inc. (Japan and others.

Get Sample Pages of This Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=483

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.



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