Ethylene Propylene Diene Monomer (EPDM) Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024
LONDON, Dec. 14, 2016 /PRNewswire/ — Ethylene propylene diene monomer (EPDM) is a synthetic rubber typically manufactured through the solution polymerization process. It is produced using ethylene and propylene in the presence of dienes and catalysts. EPDM rubbers are primarily employed in the manufacture of light weight components such as automotive bumpers and automotive interiors in the automotive industry. Rising demand for EPDM in the automotive industry in various regions is likely to propel the EPDM market in the near future. EPDM is also used in plastics, construction, electrical, and other end-user industries. Demand for EPDM rubbers is projected to increase significantly in the next few years considering the extensive growth of the global automotive and construction markets. Asia Pacific dominates the EPDM market in terms of production and demand. Countries such as China, India, Thailand, and South Korea are expected to be the key consumers of EPDM. Fluctuation in prices of raw materials is anticipated to hamper market growth, as prices of raw materials are dependent on the prices of crude oil and oversupply of EPDM in the market. These factors are projected to adversely affect market growth during the forecast period. Increase in research activities on bio-based EPDM is estimated to offer major opportunities to the EPDM market in the next few years.