The ethylene propylene diene monomer (EPDM) market is primarily driven by the rising demand from the automotive industry. EPDM is extensively used in various automotive parts like seals, weather-stripping, hoses, gaskets, belts, and others due to its excellent properties such as resistance to heat, ozone, aging, oil, sunlight and weathering. The global demand for vehicles has been increasing significantly which is subsequently propelling the consumption of EPDM. Furthermore, EPDM provides advantages such as flexibility, high tear strength, high resistance to abrasion and impact loading which make it suitable for commercial applications such as vibration control pads, bellows, and insulation.

Key Takeaways

Key players operating in the EPDM market are Dow, ARLANXEO, Exxon Mobil Corporation, KUMHO POLYCHEM, Versalis S.p.A., ENEOS Materials Corporation, Jilin Xingyun Chemical Co., Ltd., Johns Manville, Lion Elastomers, Mitsui Chemicals, Inc., PetroChina Company Limited, SK Global Co., Ltd., Carlisle Companies Incorporated, SABIC, Hexpol Compounding, Kraton Corporation, LG Chem, and Trelleborg AB.

The key opportunities in the Ethylene Propylene Diene Monomer (EPDM) Market Demand from the construction industry for gaskets, roofing membranes, window seals etc. and rising usage in wire and cable applications due to excellent resistance to cracking and environmental stress cracking.

Technological developments such as production of bio-based and halogen-free EPDM are expected to drive the market growth over the forecast period.

Market Drivers

The major driver propelling the growth of the EPDM market is the expanding automotive industry globally. EPDM finds widespread application in hoses, belts, weather-stripping, seals and gaskets in automotive due to its exceptional properties such as high tensile strength, high resistance to abrasion, good flexibility and elasticity even at low temperatures. Moreover, increasing expenditure on infrastructure development activities is augmenting the consumption of EPDM in construction sector for applications like gaskets, roofing membranes, window seals etc. which is further contributing to the market expansion.

Get more insights on Ethylene Propylene Diene Monomer (EPDM) Market