EPDM Market by application Region – Global Forecast to 2026

EPDM Market by application Region – Global Forecast to 2026

  • April 2021 •
  • 224 pages •
  • Report ID: 3574847 •
  • Format: PDF
The global EPDM market size was USD 856 million in 2021 and is projected to reach USD 1,214 million by 2026, at a CAGR of 7.2% between 2021 and 2026. EPDM is a copolymer of ethylene, propylene, and non-conjugated diene monomers. EPDM rubber provides resistance against heat, aging, UV, and ozone. However, EPDM shows poor resistance against hydrocarbon fuel and solvent. EPDM rubber finds its application in automotive, building & construction, wire & cables, lubricant additive, and plastic modification. The EPDM is market is expected to be driven by growth recovery in automotive sector during the forecast period. In automotive, EPDM rubber is utilized in weather stripping seals, hoses, gaskets O-ring, grommets, and other under-the-hood applications. Moreover, the growth of electric & hybrid vehicle will enhance the revenue opportunity for EPDM manufacturers. Eco-friendly production and bio-based EPDM are opportunities in EPDM market.

Automotive: the fastest-growing application of EPDM in the application segment.

Automotive is the largest application segment for EPDM.EPDM rubber parts in vehicle includes weather strips, grommet, O-ring, hoses & gaskets and brake-clutch parts.

The automotive sector is expected to recover during the forecast period.In China, one the significant market for automotive, is focused on developing new energy vehicles (NEVs).

The technological shift in the automobile sector regarding electric vehicles (EV) & hybrid vehicles is growing progressively. The growth EV will further improve the market for EPDM.

APAC estimated to be the fastest-growing market for EPDM.

APAC accounted for the largest share of the EPDM market in 2020, followed by North America and Europe.The EPDM market in the APAC region is expected to witness highest growth during the forecast period.

The market in this region is driven by the recovery of the automotive sector in China, India, Japan, South Korea, and Southeast Asian countries.China is the largest importer of EPDM in the world, owing to the demand from automotive industry.

Global automobile manufacturers are investing in APAC countries in establish their production plants to enhance their market presence in the region.

EPDM market declined in 2020.
The EPDM market in 2020 declined by 12.9%, in terms of volume, compared to 2019 due to the COVID-19 pandemic. The automotive industry is a significant consumer of EPDM. The effect of COVID-19 on the automotive industry led to declining car sales and the layoff of employees. The production was halted due to disruption in the supply chain. With the declining production of automobiles, the demand for EPDM also decreased. Moreover, owing to the COVID-19 pandemic and declining oil prices, the production of raw materials (ethylene and propylene) declined in 2020.
Extensive primary interviews were conducted to determine and verify the market size for several segments and sub segments and information gathered through secondary research.

The break-up of primary interviews is given below:
• By Company Type - Tier 1 – 25%, Tier 2 – 42%, and Tier 3 – 33%
• By Designation – C level – 20%, Director level – 30%, and Others* – 50%
• By Region – North America– 40%, Europe – 10%, APAC – 20%, South America– 10%, and Middle East & Africa- 20%
Notes: Others include sales, marketing, and product managers.

Tier 1: >USD 1 Billion; Tier 2: USD 500 million–1 Billion; and Tier 3:
The companies profiled in this market research report include 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 (Japan), PJSC Nizhnekamskneftekhim (Russia), SABIC(Saudi Arabia), Shanghai Sinopec Mitsui Elastomer Co., Ltd., (China), Lion Elastomers LLC (US), and Carlisle Companies Incorporated (US).

Research Coverage:
This research report categorizes the EPDM market on the basis of application and region.The report includes detailed information regarding the major factors influencing the growth of the EPDM market, such as drivers, restraints, challenges, and opportunities.

A detailed analysis of the key industry players has been done to provide insights into business overviews, products & services, key strategies, expansions, new product developments, agreements, and recent developments associated with the market.

Reasons to Buy the Report

The report will help market leaders/new entrants in this market in the following ways:
1. This report segments the EPDM market comprehensively and provides the closest approximations of market sizes for the overall market and subsegments across verticals and regions.
2. The report will help stakeholders understand the pulse of the market and provide them information on the key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders understand the major competitors and gain insights to enhance their position in the business. The competitive landscape section includes expansions, new product developments, and joint ventures.
4. The report includes the COVID-19 impact on the EPDM market.

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