Ethylene Propylene Diene Monomer Market To Hit Value $6.46 Billion By 2025 |Grand View Research, Inc.


The global ethylene propylene diene monomer market size is expected to reach USD 6.46 billion by 2025 expanding at a CAGR of 6.5%, according to Grand View Research, Inc. The market is mainly driven by rising demand for bio-based products and R&D investments in the field. High demand for ethylene propylene diene monomer (EPDM), mainly in Asia Pacific region due to expanding end-use industries like automotive and construction, is also propelling the market growth. Increasing spending on construction and infrastructure development by federal governments due to growing population along with rapid urbanization and industrialization in developing economies will also support market growth.
Thus, growing construction activities, particularly in China and India, are expected to augment the product demand in infrastructure and construction applications. However, EPDM is expected to witness the maximum demand from the automotive application segment on account of their non-reflective and premium-quality finish. EPDM can also be used in electrical cable joints and roofing membranes as it does not pollute the runoff rainwater, thereby improving the efficiency of rainwater harvesting. All these factors together are creating lucrative growth opportunities for the global market in automotive sector.
The global EPDM market is characterized by the dominance of a few prominent companies including The Dow Chemical Company, Lanxess AG, Sumitomo Chemical Co., Ltd., Lion Elastomers, LLC, Mitsui Chemicals, and Exxon Mobil Corporation. These market participants have a vast geographic presence coupled with large production capacities. The market is also characterized by the presence of various regional companies with medium-scale production capacities. Such domestic manufacturers possess a considerable potential to influence the prices offered by major companies, leading to a strong competition in the regional, as well as global, market.
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It is a kind of synthetic rubber characterized by a strong resistance to heat, ozone, fluids, and oxidized chemicals. It is also resistant to mild acids, synthetic brake fluids, water, ethylene glycol, and other liquids. The global demand for EPDM is anticipated to witness a rise over the coming years due to rapidly expanding application sectors including automotive and building & construction. Usually, EPDM is produced from petroleum-derived raw materials, such as ethylene and propylene.
Further key findings from the study suggest:
  • Asia Pacific was the dominant regional market in 2017 and is anticipated to expand further at the highest CAGR of 5.7% during the forecast period
  • China is among the fastest-growing countries in the market on account of availability of potential growth opportunities for the manufacturers
  • Rapidly expanding automotive sector in the country is also contributing to the growth of the global EPDM market
  • Extensive R&D activities for the development of bio-based products have led to the creation of several improved grades, which is expected to create lucrative growth opportunities for the EPDM market in near future
Initially, renewable materials were used as a replacement for technical products; however, they resulted in insufficient performance in rubber applications. However, as the end-use industries are focusing on reducing carbon footprint, especially in transportation and automotive sectors, key manufacturers are incorporating the use of renewable sources for enhanced sustainability of end products.
In 2013, Arlanxeo, a joint venture between Saudi Aramco and Lanxess AG, introduced Keltan eco, a bio-based EPDM, into the global market. The product line consists of six different grades, the bio-based content of which ranges between 50% and 70%. Bio-based grade is primarily designed for applications that require high-performance, as well as sustainability.
Keltan eco is derived from bio-based ethylene, which is supplied by Braskem, a company located in Brazil. Braskem derives bio-based ethylene from sugarcane at its production plant in Triunfo, Brazil. The replacement of a single bio-based component does not alter the technical performance property of the EPDM, such as oxidative and water resistance, health and safety, and processing and handling properties.
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Major application segments in the global EPDM market are building & construction, wires & cables, electrical & electronics, lubricant additive, plastic modifications, automotive, tires & tubes, and others. Automotive was estimated as the largest application segment in 2017. In automotive industry, the product is used in hydraulic brake systems, wire & cable harnesses, tubing, window spacers, radiators, belts, weather stripping & seals, glass run channel, and door, window, & trunk seals. It is also used in interior trim, striker plate blinds, and under the hood. The product is witnessing an augmented demand in these applications as it offers a non-reflective and premium-quality finish.
Grand View Research has segmented the global EPDM market on the basis of application:
EPDM Application Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)
  • Building & Construction
  • Wires & Cables
  • Electrical & Electronics
  • Lubricant Additive
  • Plastic Modifications
  • Automotive
  • Tires & Tubes
  • Others
Specialty coatings can also be applied during the production of weather seat as they enhance the chemical resistance of EPDM. Lubricant additive is the fastest-growing application in the market. The product finds application as additive in lubricants to enhance the viscosity index and performance in changing weather and temperature. It allows the oil structure to adapt to temperature changes and maintain its grades. Key applications as lubricant additive include motor oil for automobiles, lubricating greases, heavy-duty diesel, maritime, and industrial oil. It is also used as a viscosity modifier for lubricant. Robust growth of automotive and industrial production is projected to fuel the demand for lubricants, thereby influencing the segment development over the forecast period.
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.



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