The global EPDM market is projected to grow from USD 3.9 billion in 2023 to USD 5.2 billion by 2028, at a CAGR of 5.9% during the forecast period. The rising automotive sector in the APAC region is driving the EPDM market during the forecast period. The report includes a detailed table of contents, along with figures, tables, and charts to provide an insightful overview. This report provides an in-depth analysis of the market size, share, EPDM market trends, drivers, restraints, competitive landscape, and future growth opportunities.
The growth of the EPDM market is primarily driven by the rising automotive sector which helps to generate the demand for EPDM across the industry. Apart from this, the increasing use of EPDM polymer in the blended products also helps to drive the market. Availability of the susbstitutes for EPDM in the market, becomes the main restraining factor in this market. However, the growing demand for EVs, and development of environment-friendly technology for EPDM production, provides lucrative opportunities for EPDM producers. Anti-dumping duties imposed by China, and recycling issues of EPDM, are the major challenge of this market.
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By Application, Automotive accounted for the largest share in 2022.
In the forecast period, the automotive segment within the EPDM market is anticipated to experience the most substantial compound annual growth rate (CAGR) in terms of value.
EPDM rubber plays a significant role in the manufacturing of rubber parts utilized in automotive vehicles. China, renowned for its automotive market, particularly stands out as a pivotal player. The country is actively promoting the development of new-energy vehicles (NEVs), encompassing 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 witnessed a 3% year-on-year increase, indicating a steady growth trajectory. NEVs are projected to represent 25% of sales by 2026, underlining the nation's commitment to sustainable transportation solutions.
Within the automotive industry, EPDM finds extensive usage in various applications including hoses, gaskets, body sealing, weather-stripping, brake parts, windshield wipers, and other under-the-hood components.
Updated Version Of Sample Copy of Report 2025 Includes:
? Scope For 2025-2028
? Brief Introduction to the research report.
? Table of Contents (Scope covered as a part of the study)
? Top players in the market
? Research framework (structure of the report)
? Research methodology adopted by Metatech Insights
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By Manufacturing Process, Solution Polymerization Process accounted for the largest share in 2022.
The Solution Polymerization Process segment holds the largest share in the EPDM market in 2022. Commercially, EPDM can be produced through three primary processes: solution, slurry (suspension), and gas-phase methods. These processes leverage advanced polymerization and catalyst technologies, offering the flexibility to tailor polymers to meet specific application and processing requirements. Among these methods, the solution polymerization process stands out as the most prevalent and versatile method, capable of producing a diverse array of polymers to suit a wide range of applications.
Asia Pacific is the fastest-growing market for the EPDM market.
The Asia Pacific region is accounted to be the fastest-growing market both in terms of value, from 2023 to 2028. Asia-Pacific's dominance in the EPDM market can be attributed to the concentration of EPDM producers within the region. Additionally, the region experiences a surge in new construction projects and sustained growth in the automotive sector, further propelling the demand for EPDM in the region.
The EPDM market comprises major players such as ARLANXEO (Netherlands), DOW (US), Exxon Mobil Corporation (US), Kumho Polychem (South Korea), PetroChina Company Limited (China), Versalis S.p. A. (Italy), SK Geo Centric Co., Ltd. (South Korea), ENEOS Holdings, Inc. (Japan), Mitsui Chemicals, Inc. (Japan), and others. Expansions, acquisitions, joint ventures, and new product developments are some of the major strategies adopted by these key players to enhance their positions in the EPDM market.
Dow (US) is a pioneering materials science company dedicated to crafting inventive solutions. Its operations span across several segments, including packaging and specialty plastics, industrial intermediates and infrastructure, and performance materials and coatings. One of Dow's notable offerings is EPDM rubber, which is integrated into its packaging and specialty plastics business. This EPDM, marketed under the brand name NORDEL, showcases Dow's commitment to innovation and excellence in serving its customers' demands.
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Versalis S.p.A (Italy), a subsidiary of the prominent Italian oil and gas firm Eni S.p.A., specializes in manufacturing a diverse array of chemicals. The company's operations are organized into six distinct divisions: intermediates, polymers, biochem, molding and compounding, oilfield chemicals, and other areas. With a global presence, Versalis boasts production facilities for elastomers in key locations such as Italy, the UK, and South Korea.
The company operates research and development centers in Italy, situated in Ravenna and Ferrara. Ravenna's facility stands out as a major synthetic rubber producer in Europe. With a remarkable total production capacity exceeding 304 thousand tons per year (KTPY) for EPDM, the company's elastomers division leads the market.
ARLANXEO (Netherlands), a leading synthetic rubber manufacturer, serves its products in diverse end-use applications including automotive, oil & gas, building & construction, consumer goods, and pharmaceuticals. With a global footprint spanning over 12 production sites and 7 innovation centers across Asia, Europe, South America, and North America, ARLANXEO ensures proximity to key markets and fosters innovation to meet evolving customer needs. The company's EPDM products are marketed under the brand name Keltan.
Important Features of the reports :
✍️ Detailed analysis of the EPDM Market
✍️ Fluctuating market dynamics of the industry
✍️ Detailed market segmentation
✍️ Historical, current and projected market size in terms of volume and value
✍️ Recent industry trends and developments
✍️ Competitive landscape of the EPDM Market
✍️ Strategies of key players and product offerings
✍️ Potential and niche segments/regions exhibiting promising growth
✍️ A neutral perspective towards EPDM Market performance.
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? Reason to Buy This Research Report:
✅ Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the global EPDM Market.
✅ Highlights key business priorities in order to guide the companies to reform their business strategies and establish themselves in the wide geography.
✅ The key findings and recommendations highlight crucial progressive industry trends in the EPDM Market, thereby allowing players to develop effective long-term strategies in order to garner their market revenue.
✅ Develop/modify business expansion plans by using substantial growth offerings in developed and emerging markets.
✅ Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those restraining the growth to a certain extent.
✅ Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals.
