by Ethylene propylene diene monomer, commonly known as EPDM, is a synthetic rubber utilized in various industrial applications due to its superior properties. EPDM has good flexibility, resilience, heat and ozone resistance. It is vulcanized using sulfur or peroxide curatives and can withstand temperatures ranging from -50 °C to 150 °C. Key uses of EPDM include hoses, gaskets, weather-stripping, wire and cable insulation, geomembranes and roofing sealants. The increasing adoption of EPDM in automotive industry for under-the-hood applications like hoses, tubes and gaskets is contributing to the growth of the global EPDM market.
The Global Ethylene Propylene Diene Monomer (EPDM) Market is estimated to be valued at US$ 4.98 Bn in 2024 and is expected to exhibit a CAGR of 5.8% over the forecast period 2024 to 2031.
Key Takeaways
Key players analysis: Key players operating in the EPDM market are Dow, ARLANXEO, Exxon Mobil Corporation, KUMHO POLYCHEM, Versalis S.p.A., ENEOS Materials Corporation, Jilin Xingyun Chemical Co., Ltd., Johns Manville, Lion Elastomers, Mitsui Chemicals, Inc., PetroChina Company Limited, SK Global Co., Ltd., Carlisle Companies Incorporated, SABIC, Hexpol Compounding, Kraton Corporation, LG Chem, and Trelleborg AB.
Growing demand: The global demand for EPDM is growing mainly driven by the expanding automotive production and sales. Increasing adoption in production of cars, trucks, buses, etc. for under-the-hood applications requiring heat and ozone resistant properties is fueling consumption.
Global expansion: Leading EPDM manufacturers are investing to expand production capacities and global footprint to capitalize on the surging worldwide Ethylene Propylene Diene Monomer (EPDM) Market Size. Companies are setting up new production plants as well as acquiring existing rubber production facilities across major markets such as North America, Europe and Asia Pacific.
Market key trends
One of the major trends in the global EPDM market is the shift towards adoption in automotive industry. Automakers worldwide are increasingly utilizing EPDM due to its ability to withstand high temperatures as required in under-the-hood applications like hose and tube assemblies, gaskets and weather-stripping. The superior heat and ozone resistant properties along with flexibility make it an ideal substitute for other rubber types. Growing automotive sales, coupled with stringent emission norms demanding heat and corrosion resistant components, are fueling consumption of EPDM in the automotive industry.
Porter’s Analysis
Threat of new entrants: Entry barriers in Ethylene Propylene Diene Monomer (EPDM) Market Analysis is moderate as it requires huge capital investments and technological expertise.
Bargaining power of buyers: Buyers have moderate bargaining power as EPDM has applications in various end-use industries giving buyer options to switch.
Bargaining power of suppliers: A few leading companies dominates the global supply of EPDM giving them significant power over buyers.
Threat of new substitutes: Substitute materials like silicone, chloroprene, nitrile, and polyacrylate possess threat but EPDM still has advantage of UV resistance and wide application scope.
Competitive rivalry: The global EPDM market is moderately competitive with the presence of large multinational players and regional mid-sized players. Market players focus on strategic expansion, product innovation and collaboration for competitive edge.
Geographical Regions
North America accounts for the largest share of the global EPDM market owing to strong automobile sector in US and Canada. Asia Pacific is the fastest growing region due to rising construction and automotive activities in China and India.
The European EPDM market is majorly driven by Germany, UK, Italy and France. Developing countries of Latin America and Middle East are expected to boost the demand for EPDM during the forecast period with increasing investments in end-use industries.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
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