EPDM Market Trends: Regional Demand and Industry Applications

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EPDM Market Size 2024 - Current Sales Analysis,
Upcoming Trends, Opportunities, Development
History, and Future Forecast The report "EPDM
Market by Application (Automotive, Building
Construction, Plastic Modification, Tires
Tubes, Wires Cables and Lubricant Additives),
Manufacturing Process, Region (North America,
Europe, APAC, MEA, and South America) - Global
Forecast to 2028", EPDM Market size is estimated
to be USD 3.9 billion in 2023, and it is
projected to reach USD 5.2 billion by 2028 at a
CAGR of 5.9 during the forecast period. The
growth of the EPDM market is primarily driven by
the rising automotive sector which helps to
generate the demand for EPDM across the industry.
Apart from this, the increasing use of EPDM
polymer in the blended products also helps to
drive the market. Availability of the
substitutes for EPDM in the market, becomes the
main restraining factor in this market. However,
the growing demand for EVs, and development
of environment-friendly technology for EPDM
production, provides lucrative opportunities for
EPDM producers. Anti-dumping duties imposed by
China, and recycling issues of EPDM, are the
major challenge of this market.
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fdownloadNew.asp?id483 By Application,
Automotive accounted for the largest share in
2022 In the forecast period, the automotive
segment within the EPDM market is anticipated to
experience the most substantial compound annual
growth rate (CAGR) in terms of value. EPDM
rubber plays a significant role in the
manufacturing of rubber parts utilized in
automotive vehicles. China, renowned for its
automotive market, particularly stands out as a
pivotal player. The country is actively promoting
the development of new-energy vehicles (NEVs),
encompassing fuel cell electric vehicles (FCVs),
plug-in hybrid electric vehicles (PHEVs), and
battery-electric vehicles (BEVs). According to
the China Association of Automobile Manufacturers
(CAAM), the total production of cars in
2021 witnessed a 3 year-on-year increase,
indicating a steady growth trajectory. NEVs are
projected to represent 25 of sales by 2026,
underlining the nation's commitment to
sustainable transportation solutions. Within the
automotive industry, EPDM finds extensive usage
in various applications including hoses,
gaskets, body sealing, weather-stripping, brake
parts, windshield wipers, and other
under-the-hood components. By Manufacturing
Process, Solution Polymerization Process
accounted for the largest share in 2022 The
Solution Polymerization Process segment holds the
largest share in the EPDM market in 2022.
Commercially, EPDM can be produced through three
primary processes solution, slurry (suspension),
and gas-phase methods. These processes leverage
advanced polymerization and catalyst
technologies, offering the flexibility to tailor
polymers to meet specific application and
processing requirements. Among these methods,
the solution polymerization process stands out as
the most prevalent and versatile method, capable
of producing a diverse array of polymers to suit
a wide range of applications.
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s.com/requestsampleNew.asp?id483 Asia Pacific is
the fastest-growing market for the EPDM
market The Asia Pacific region is accounted to be
the fastest-growing market in terms of value,
from 2023 to 2028. Asia-Pacific's dominance in
the EPDM market can be attributed to the
concentration of EPDM producers within the
region. Additionally, the region experiences a
surge in new construction projects and sustained
growth in the automotive sector, further
propelling the demand for EPDM in the region.
The key players profiled in the report include
ARLANXEO (Netherlands), DOW (US), Exxon Mobil
Corporation (US), Kumho Polychem (South Korea),
PetroChina Company Limited (China), Versalis
S.p. A. (Italy), SK Geo Centric Co., Ltd. (South
Korea), ENEOS Holdings, Inc. (Japan), Mitsui
Chemicals, Inc. (Japan), and others.
Expansions, acquisitions, joint ventures, and new
product developments are some of the major
strategies adopted by these key players to
enhance their positions in the EPDM market.