Chemicals

Ethylene Propylene (EPDM) Market Commodities, High Growth Opportunities, Segmentation, Market Trends By 2024-2033|Dow Chemical Company, Exxon Mobil Corporation, Johns Manville Inc., Kumho Polychem Co. Ltd., Lanxess AG

The Ethylene Propylene (EPDM) Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2011-2022) and extends its insights into a ten-year forecast period (2024-2033).

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https://www.thebusinessresearchcompany.com/report/ethylene-propylene-epdm-global-market-report

According to The Business Research Company’s Ethylene Propylene (EPDM) Global Market Report 2024, The ethylene propylene (epdm) market size has grown rapidly in recent years. It will grow from $6.74 billion in 2023 to $7.47 billion in 2024 at a compound annual growth rate (CAGR) of 10.8%. The growth in the historic period can be attributed to automotive industry, construction and building materials, electrical and electronics, consumer goods.

The ethylene propylene (epdm) market size is expected to see strong growth in the next few years. It will grow to $10.8 billion in 2028 at a compound annual growth rate (CAGR) of 9.7%. The growth in the forecast period can be attributed to renewable energy infrastructure, automotive electrification, green and sustainable materials, oil and gas sector. Major trends in the forecast period include bio-based epdm, high-performance formulations, recycled epdm, flexible electronics and conductive applications.

The use of ethylene propylene across various industries contributes to the growth of the ethylene-propylene market. In the automotive industry, EPDM products bond well with metals by providing a well-built barrier against the environment. EPDM possesses properties such as heat resistance, abrasion resistance, oil swell resistance, flame retardance, oxidation, ozone, and weather aging due to its stable, saturated polymer backbone structure. Companies such as BRP manufacturing are providing EPDM for the automotive industry that includes under-the-hood, cabin pressure-equalizing assemblies, interior trim, and striker plate blinds. Thus, the usage of EPDM in different industries is contributing to the EPDM market’s growth.

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The ethylene propylene (epdm) market covered in this report is segmented –

1) By Product Type: Solution Polymerization; Suspension Polymerization

2) By Application: Automotive; Building & Construction; Plastic Modification; Lubricant Additive; Wires & Cables; Tires & Tubes

The ethylene propylene (epdm) market report table of contents includes: