EPDM rubber (Ethylene Propylene Diene Monomer) is a type of synthetic rubber which has gained traction in several industries due to its outstanding thermal resistance as well as slow oxidation, ozone and weather aging. The Global synthetic industry has witnessed a surge in EPDM membranes demand in construction activities due to it’s withstand temperatures up to 1600 Celsius. These properties can be attributed to their saturated polymer backbone structure. EPDM remains a lucrative market due to the ongoing boom in the automotive sector, with uses such as insulation, engine hose, doors and window seals is expected to witness the largest consumer of EPDM.
Also, the faster-than-ever pace of growth in growing construction industry, increasing demand for EPDM elastomers, rising development strategies, and increasing expansion are the major driver of the EPDM market in the developing economies. In this report, EPDM is segmented by the end user industry, which includes the Automotive Industry, Electrical/Insulation Industry, HVAC Industry, Construction Industry and more. The EPDM is mostly preferable for use in electrical insulation, gaskets, and for lamination. The market analysis report predicts plenty of opportunities for the forecast period of 2018-2023.
When the EPDM msarket is analyzed on a geographical basis, it becomes evident that developing economies are the major revenue generators in this sector. APAC holds the largest chunk of EPDM market revenues according to 2015 data, and this figure is supposed to grow by approximately by the end of forecast period. It is likely that the U.S. will continue in the second position, while ROW will overtake Europe to be the third largest EPDM market revenue generator. Europe will lose its market revenue share due to a temporary slowdown in the automotive industry as the EU struggles to compensate for Britain’s exit.
The major players in the EPDM industry include:
- BASF SE (Germany)
- The Dow Chemical Company (The U.S.)
- Exxon Mobil Corporation (The U.S.)
- China Petroleum and Chemical Corporation (China)
- PolyOne Corporation (The U.S.)
The market is quite consolidated on account of the above mentioned big companies in the market.