Overview and Scope
Ethylene propylene diene monomer refers to a synthetic rubber composed of ethylene, propylene, and diene monomers that is resistant to outdoor and high-temperature conditions. It exhibits properties such as ozone, UV, heat, polar solvents, water-based chemicals, and ageing resistance due to its stable polymer backbone structure. Ethylene propylene diene monomers are used for roofing for waterproofing, as EPDM seals.
Sizing and Forecast
The ethylene propylene diene monomer market size has grown strongly in recent years. It will grow from <b>$4.16 billion in 2023 to $4.53 billion in 2024 at a compound annual growth rate (CAGR) of 8.8%. </b> The growth in the historic period can be attributed to automotive industry growth, construction and infrastructure development, replacement of traditional materials, enhanced durability, environmental regulations.
The ethylene propylene diene monomer market size is expected to see strong growth in the next few years. It will grow to <b>$6.39 billion in 2028 at a compound annual growth rate (CAGR) of 9.0%. </b> The growth in the forecast period can be attributed to automotive electrification, solar energy installations, infrastructure rehabilitation, resilient roofing, low voc requirements. Major trends in the forecast period include electric vehicle (ev) sealing, 3d printing applications, advanced sealing technology, advanced sealing technology, customized epdm compounds.
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Segmentation & Regional Insights
The ethylene propylene diene monomer market covered in this report is segmented –
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
<b>Asia-Pacific</b> was the largest region in the ethylene propylene diene monomer market in 2023. <b>North America</b> was the second-largest region in the ethylene propylene diene monomer market. The regions covered in the ethylene propylene diene monomer market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
The increase in demand for zero-emission vehicles is driving the growth of the ethylene propylene diene monomer market. Zero-emission vehicles mean vehicles that do not emit harmful gases or pollutants and offer a wide range of advantages, such as low maintenance costs, low running costs and zero tailpipe emissions. Ethylene propylene diene monomer is utilized in zero-emission vehicles because it has noise-reducing qualities and attaches readily to metal, providing a solid barrier against weather, road surface, and engine vibration. According to the International Energy Agency (IEA) report, sales of electric cars reached 3 million units in 2020, a 40% increase from previous year, and are estimated to reach 300 million units by 2030. Therefore, the increase in demand for zero-emission vehicles is driving the ethylene propylene diene monomer market.
Key Industry Players
Major companies operating in the ethylene propylene diene monomer market include <b> The Dow Chemical Company, Exxon Mobil Corporation, Firestone Building Products Company LLC, Johns Manville Inc., KUMHO POLYCHEM, The Goodyear Tire & Rubber Company, Kumho Polychem, 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, TSRC Corporation </b>
The ethylene propylene diene monomer market report table of contents includes:
1. Executive Summary
2.Ethylene Propylene Diene Monomer Market Characteristics
3.Ethylene Propylene Diene Monomer Market Trends And Strategies
4.Ethylene Propylene Diene Monomer Market analysis
5.Ethylene Propylene Diene Monomer Market Size And Growth
6.Ethylene Propylene Diene Monomer Segmentation
7.Ethylene Propylene Diene Monomer Regional And Country Analysis
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27.Ethylene Propylene Diene Monomer Competitive Landscape And Company Profiles
28.Ethylene Propylene Diene Monomer Key Mergers And Acquisitions
29.Ethylene Propylene Diene Monomer Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- The Dow Chemical Company
- Exxon Mobil Corporation
- Firestone Building Products Company LLC
- Johns Manville Inc.
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