The global Ethylene Propylene Diene Monomer market was valued at USD 5.79billion in 2016 and is projected to reach USD 9.45billionby 2025, growing at a CAGR of 5.60% from 2017 to 2025.
EPDM is a type of synthetic rubber used in a wide variety of applications. The growing demand in end use industries is boosting the market. However, the growing pollution concerns regarding rubber industry is expected to hamper market demand over the forecast period.
1. Market Drivers
1.1 EPDM substituting PVC in end use applications
1.2 Growing demand for environment friendly products
2. Market Restraints
2.1 Environmental concerns regarding EPDM production
The global Ethylene Propylene Diene Monomer market is segmented on the application, and region.
1. By Application:
1.1 Building and Construction
1.3 Tubes and Tires
1.4 Plastic Modifications
1.5 Cables and Wires
1.6 Lubricant Additives
2. By Region:
2.1 North America (U.S., Canada, Mexico)
2.2 Europe (Germany, UK, France, Rest of Europe)
2.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
2.4 Latin America (Brazil, Argentina, Rest of Latin America)
2.5 Middle East & Africa
The major players in the market are as follows:
4. SK Global Chemicals
5. Mitsui Chemicals
6. Carlisle Companies
7. DOW Elastomers
8. John Manville Inc.
9. JSR Corporation
11. Lanxess AG
12. Lion Copolymer
13. OAO Nizhnekamskneftekhim
14. Sumitomo Chemical
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These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.