As outlined in the ChemAnalyst report titled “Global Ethylene Propylene Diene Monomer (EPDM) Rubber Market Analysis: Industry Market Size, Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Grade, Sales Channel, Regional Demand, Foreign Trade, Company Share, 2015-2035,” the global EPDM rubber market has displayed impressive growth and is projected to reach around 3000 thousand tonnes by 2035, with a Compound Annual Growth Rate (CAGR) of 4.35% during the forecast period. This growth is attributed to the increasing demand from various sectors such as automotive, building and construction, and electricals. Additionally, the rise in electric vehicle demand is expected to further boost EPDM rubber demand.
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EPDM, a synthetic rubber composed of ethylene, propylene, and diene co-monomer, is manufactured through processes like solution polymerization and suspension polymerization. Known for its heat resistance, chemical resistance, lightweight, and durability, EPDM rubber finds applications in automotive, building and construction, plastic modification, wires and cables, tires and tubes, and lubricant additives.
EPDM rubber, being a thermoplastic elastomer with rubbery properties, is extensively used in automotive and construction. The growth of these industries, driven by industrialization, directly influences the demand for EPDM rubber. The automotive and construction sectors are expected to be key drivers of EPDM rubber demand in the forecast period.
The global EPDM rubber market is segmented based on grade, end-use, sales channel, and region. The grade segmentation includes High Diene EPDM, Medium Diene EPDM, and Low Diene EPDM. In terms of end-use industries, automotive holds a dominant position, accounting for approximately 39% of total demand in 2022. The building and construction sector is another significant consumer of EPDM rubber.
Regionally, Asia Pacific and Europe lead in consumption, with Asia Pacific holding the highest demand share of about 44% in 2022. China is the leading global producer of EPDM rubber, with favorable economic policies encouraging major producers to establish capacity in the country. In contrast, Western countries like Europe and the USA are focusing on cleaner production methods, resulting in reduced production rates.
Key players in the global EPDM market, as highlighted in the report, include Arlanxeo (Lanxess AG – Saudi Aramco JV), Dow Chemical Company, Kumho Petrochemical Company, ExxonMobil Chemical Company, Lion Elastomers LLC (Chemtura), Mitsui Petrochemical Industries Ltd., Versalis SPA Eni (Polimeri Europa), Lotte Versalis Elastomers, Shanghai Sinopec Mitsui Elastomers Co., Ltd., Jilin Xingyun Chemical (PetroChina), and Sumitomo Chemical Co. Ltd. – Saudi Aramco JV.
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Mr. Karan Chechi, Research Director at TechSci Research, emphasizes the robust growth of the global EPDM rubber industry, particularly in China, where the construction and automotive sectors are key contributors. The report suggests that with new competitors emerging in the Asia Pacific EPDM rubber market, players anticipate sufficient supply-demand gaps in the future, highlighting the importance of monitoring which region will secure the largest market share in the coming years.
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