Ethylene Propylene Diene Monomer Market Set to Grow

LONDON, Oct. 26, 2022 (GLOBE NEWSWIRE) — According to The Business Research Company’s research report on ethylene propylene diene monomer market, increasing demand for zero-emission vehicles is driving the growth of the ethylene propylene diene monomer (EPDM) market. Zero-emission vehicles are vehicles that emit no harmful gases or pollutants and offer a wide range of benefits, such as low maintenance costs, low running costs and zero tailpipe emissions. Ethylene Propylene Diene Monomer is used in zero emission vehicles because it has noise reducing qualities and attaches easily to metal, providing a strong 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, an increase of 40% compared to 2019, and are expected to reach 300 million units by 2030. Therefore, increasing demand for zero-emission vehicles is driving the ethylene propylene diene monomer industry.

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The global ethylene propylene diene monomer market size should go from $3.52 billion in 2021 to $3.80 billion in 2022 at a compound annual growth rate (CAGR) of 8.1%. The Russian-Ukrainian war has disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions against several countries, a spike in commodity prices and supply chain disruptions, affecting many markets around the world. Ethylene Propylene Diene Monomer Market Share is Expected to Grow to Reach $4.97 billion in 2026 at a compound annual growth rate (CAGR) of 6.9%.

Product innovation is a key trend gaining popularity in the ethylene propylene diene monomer (EPDM) market. The major players in the market are focusing on creating innovative products to provide durable and high performance products to meet industry demand in response to technological improvements, membrane research and contractor requirements for products more ergonomic. For example, in October 2019, DOW Inc., an American commodity chemicals company, launched two new grades of custom EPDM products, NORDEL 4590 EPDM and NORDEL 4750 OE EPDM. The new grades help manufacturers produce durable, high-performance extruded profiles and TPV items such as vehicle weather stripping, hoses, molded rubber products and building materials. This innovation could improve manufacturing efficiency in the areas of handling, mixing, processing and loading high-load products.

Ethylene Propylene Diene Monomer Market Players are The Dow Chemical Company, Exxon Mobil Corporation, Firestone Building Products Company LLC, Johns Manville Inc, KUMHO POLYCHEM, Lanxess AG, Lion Elastomers LLC, Mitsui Chemicals Inc, PetroChina Company Limited, SK Global Chemical Co Ltd, Sumitomo Chemical Co Ltd, Versalis SpA, Warco Biltrite, Rubber Engineering and Development Company (REDCO), West American Rubber Company LLC and JSR Corporation.

The global market for ethylene propylene diene monomers is segmented by manufacturing process into solution polymerization process, slurry and slurry process, gas phase polymerization process; by sales channel in direct sales, indirect sales; by application in automotive, building and construction, manufacturing, electrical and electronics, other applications.

Asia Pacific was the greater region in the Ethylene Propylene Diene Monomer Market in 2021. The regions covered in the Ethylene Propylene Diene Monomer market research report are Asia-Pacific, Western Europe, Eastern Europe East, North America, South America, the Middle East and Africa.

Global Ethylene Propylene Diene Monomer Market Report 2022 – Global Market Size, Trends and Forecast 2022-2026 is part of a series of new reports from The Business Research Society which provide projected Ethylene Propylene Diene Monomer market size and growth, Ethylene Propylene Diene Monomer market segments and geographies, Ethylene Propylene Diene Monomer market trends, drivers and constraints, revenues, profiles and market shares of key competitors in over 1000 industry reports, covering over 2500 market segments and 60 geographies. The report also gives an in-depth analysis of the impact of COVID-19 on the market. The reports are based on 150,000 datasets, extensive secondary research and proprietary insights from interviews with industry leaders.

A highly experienced and expert team of analysts and modellers provide market analysis and forecasts. The reports identify key countries and segments for opportunities and strategies based on market trends and key competitor approaches.

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