CHICAGO, June 10, 2022 /PRNewswire/ — According to new market research report “EPDM market by Application (Automotive, Building & Construction, Plastic Modification, Tires & Tubes, Wire & Cable, and Lubricant Additives), Manufacturing Process, Region (North America, EuropeAPAC, MEA and South America) – Global Forecast to 2027“, published by MarketsandMarkets™, the market size is estimated at $3.6 billion in 2022 and should reach $4.8 billion by 2027, at a CAGR of 5.9% between 2022 and 2027.
Download the PDF brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=483
Browse the in-depth table of contents at “EPDM market“
282 – Tables
52 – Numbers
229 – Pages
See the detailed table of contents here: https://www.marketsandmarkets.com/Market-Reports/epdm-rubber-market-483.html
Automotive is the main application segment of EPDM. The recovery of the automotive sector in the APAC region is driving the EPDM market during the forecast period. Additionally, the development of environmentally friendly technologies for the production of EPDM and the growing demand for electric and hybrid vehicles are new opportunities in the EPDM market.
Automotive Application Holds Largest EPDM Market Share
EPDM rubber accounts for a significant portion of rubber parts used in automotive vehicles. China is an important market for automobiles. The country is focusing on the development of new energy vehicles (NEV). 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), total car production in 2021 increased by 3% year-on-year. NEVs will account for 25% of sales by 2026. In the automotive industry, EPDM is used in pipes, gaskets, body seals, weather stripping, brake parts, windshield wipers and other applications under the hood.
By manufacturing process, the solution curing process accounts for the largest share of the EPDM market
EPDM can be commercially manufactured in three main processes, solution, slurry (suspension) and gas phase. Polymerization and catalyst technologies make it possible to design polymers to meet specific and demanding application and processing needs. The solution polymerization process is the most widely used and is very versatile in the manufacture of a wide range of polymers
Request sample pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=483
By region, Asia Pacific accounted for the largest share of 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 main producers and consumers of EPDM in the world. Asia Pacific dominates the EPDM market as most EPDM producers are based in the Asia Pacific. New construction projects and steady growth in automotive are driving the EPDM market in the region.
The main players in the EPDM market are ARLANXEO (Netherlands), DOW Inc. (USA), Exxon Mobil Corporation (USA), JSR Corporation (Kumho Polychem Co. Ltd.) (South Korea), PetroChina Company Limited (China), Versalis SpA (Italy), SK Global Chemical Co., Ltd. (South Korea), Sumitomo Chemical Co., Ltd. (Japan) and Mitsui Chemicals, Inc. (Japan and others.
Get 10% free customization on this report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=483
geomembranes market by type (HDPE, LDPE & LLDPE, PVC, EPDM, PP, others), manufacturing process (extrusion, calendering, others), application (mining, waste management, water management, civil construction, others) and region
construction elastomers market by type (thermosetting and thermoplastic), chemistry (styrene block copolymers, TPU, SBR, EPDM, natural rubber, IIR, ACM), application (residential, non-residential and civil engineering) and region
synthetic rubber market by type (SBR, BR, SBC, EPDM, IIR, NBR) Application (tyre, automotive (non-tyre), footwear, industrial goods, consumer goods, textile), region (North America, EuropeACPA, South AmericaMEA)
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats that will impact 70%-80% of global business revenue. Currently serving 7,500 customers worldwide, including 80% of global Fortune 1000 companies as customers. Nearly 75,000 senior executives from eight industries around the world approach MarketsandMarkets™ for their revenue decision issues.
Our 850 full-time analysts and MarketsandMarkets™ SMEs track global high-growth markets by following the “Growth Engagement Model – GEM”. The GEM aims for proactive collaboration with customers to identify new opportunities, identify most important customers, write “Attack, Avoid and Defend” strategies, identify additional sources of revenue for the company and its competitors. MarketsandMarkets™ now offers 1,500 MicroQuadrants (positioning top performers among Leaders, Emerging Companies, Innovators, Strategic Players) each year in high-growth emerging segments. MarketsandMarkets™ is determined to benefit over 10,000 companies this year for their revenue planning and help them bring their innovations/disruptions to market by providing research ahead of the curve.
MarketsandMarkets’ flagship competitive intelligence and market research platform, “Knowledge Store”, connects over 200,000 markets and entire value chains for a deeper understanding of unmet information, as well as market sizing and niche market forecasts.
Mr. Aashish Mehra
630 Dundee Road
Northbrook, IL 60062
UNITED STATES: +1-888-600-6441
Email: [email protected]
Research overview: https://www.marketsandmarkets.com/ResearchInsight/epdm-rubber-market.asp
Visit our website: https://www.marketsandmarkets.com/
Source of content: https://www.marketsandmarkets.com/PressReleases/epdm.asp
SOURCE Markets and Markets