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What Does the Market Size Analysis Reveal About the Ethylene Propylene Diene Monomer Market Growth?
The ethylene propylene diene monomer market has displayed significant growth in recent years, growing from $4.5 billion in 2024 to $4.87 billion in 2025 at a compound annual growth rate (CAGR) of 8.4%. The upward trend can be attributed to several factors, including automotive industry growth, construction and infrastructure developments, replacement of traditional materials, enhanced durability, and environmental regulations.
Looking ahead, the ethylene propylene diene monomer market is expected to maintain strong growth, projected to reach $7.1 billion by 2029 at a CAGR of 9.9%. Factors such as automotive electrification, a rise in solar energy installations, infrastructural rehabilitation, resilient roofing, and lower VOC requirements are expected to contribute to this future growth.
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What Are the Key Market Drivers for the Ethylene Propylene Diene Monomer Market?
The surge in demand for zero-emission vehicles is notably driving the growth of the ethylene propylene diene monomer market. With their low maintenance costs, minimal running expenses, and zero tailpipe emissions, zero-emission vehicles are gaining popularity. Ethylene propylene diene monomer, with its noise-reducing qualities and capability to attach securely to metal, provides a robust barrier against weather, road surface, and engine vibrations. As per the International Energy Agency (IEA), sales of electric cars increased by 40% to reach 3 million units in 2020 and are projected to hit 300 million units by 2030.
Which Are the Dominant Segments in the Ethylene Propylene Diene Monomer Market?
The ethylene propylene diene monomer market can be broken down into the following segments:
1) By Manufacturing Process: Solution Polymerization Process, Slurry And Suspension Process, Gas-Phase Polymerization Process
2) By Sales Channel: Direct Sales, Indirect Sales
3) By Application: Automotive, Building, And Construction, Manufacturing, Electrical And Electronics, Other Applications
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Who Are the Leading Players in the Ethylene Propylene Diene Monomer Market?
Major companies operating in the ethylene propylene diene monomer market include The Dow Chemical Company, Exxon Mobil Corporation, Firestone Building Products Company LLC, Johns Manville Inc., KUMHO POLYCHEM, The Goodyear Tire & Rubber Company, Carlisle Companies Inc., PetroChina, Versalis S.p.A., Sumitomo Chemical, JSR Corporation, Nizhnekamskneftekhim, Polimeri Europa, Jilin Xingyun Chemical, Lion Elastomers, Eni Versalis, Arlanxeo, Mitsubishi Chemical Corporation, Zhejiang Cenway New Materials, Formosa Plastics Corporation, SABIC, and TSRC Corporation.
What Are The Emerging Market Trends in the Ethylene Propylene Diene Monomer Market?
Innovation is a defining trend in the ethylene propylene diene monomer market, with companies focusing on developing novel products such as elastomeric materials to enhance performance and sustainability across differing applications. An example is the 2024 launch of Dow’s bio-based NORDEL™ REN Ethylene Propylene Diene Terpolymers (EPDM) designed to support sustainability in sectors like automotive, infrastructure, and consumer applications.
Which Are the Key Geographic Markets for the Ethylene Propylene Diene Monomer Market?
Asia-Pacific held the most substantial share of the ethylene propylene diene monomer market in 2024, with North America following closely. The report covers markets in Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Does The Ethylene Propylene Diene Monomer Market Report 2025 Offer?
Ethylene propylene diene monomer refers to a synthetic rubber composed of ethylene, propylene, and diene monomers, valued for its resistance to outdoor and high-temperature conditions. The Ethylene Propylene Diene Monomer Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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