The global EPDM market size is expected to reach USD 4.06 billion by 2028 according to a new study. The report “EPDM Market Share, Size, Trends, Industry Analysis Report, By End-Use (Building & Construction, Electrical & Electronics, Automotive, Manufacturing, Others); By Region; Segment Forecast, 2021 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.
EPDM is increasingly being used owing to rising industrialization and urbanization. Growing application in the construction industry and development of public infrastructure has also boosted the industry growth. Rising application in the automotive sector and increasing use in electric vehicles have resulted in greater demand for the product. However, the COVID-19 outbreak has negatively impacted the EPDM industry due to supply chain disruption, operational challenges, transportation delays, and travel restrictions.
The product is used in diverse industries such as building and construction, electrical and electronics, automotive, manufacturing, and others. The automotive segment accounted for the highest share in 2020. Increasing demand for passenger vehicles, modernization of vehicles, and need for greater performance boost the segment’s growth.
Rising environmental consciousness, combined with government initiatives, is encouraging consumers to switch to electric vehicles. The growing need to reduce weight in automobiles for increased performance, technological advancements associated with the product, and rising investments in R&D have been observed across the globe.
Some major industry participants include Arlanxeo, Carlisle Companies, DOW Inc., ExxonMobil Corporation, Jilin Xingyun Chemical, JSR Corporation, Lanxess, Lion Elastomers, LLC., Mitsui Chemicals, Inc., PetroChina Company Limited, PJSC, SABIC, SK Global Chemical Co., Ltd., Sumitomo Chemical Co., Ltd., Versalis S.p. A.
Industry players are collaborating with each other for research and development, strengthening industry presence, and technological innovation. Greater need to cater to growing customer requirements has encouraged industry participants to leverage new technologies to develop high-quality products.
The product is used in diverse industries such as building and construction, electrical and electronics, automotive, manufacturing, and others. The automotive segment accounted for the highest share in 2020. Increasing demand for passenger vehicles, modernization of vehicles, and need for greater performance boost the segment’s growth.
Rising environmental consciousness, combined with government initiatives, is encouraging consumers to switch to electric vehicles. The growing need to reduce weight in automobiles for increased performance, technological advancements associated with the product, and rising investments in R&D have been observed across the globe.
Some major industry participants include Arlanxeo, Carlisle Companies, DOW Inc., ExxonMobil Corporation, Jilin Xingyun Chemical, JSR Corporation, Lanxess, Lion Elastomers, LLC., Mitsui Chemicals, Inc., PetroChina Company Limited, PJSC, SABIC, SK Global Chemical Co., Ltd., Sumitomo Chemical Co., Ltd., Versalis S.p. A.
Industry players are collaborating with each other for research and development, strengthening industry presence, and technological innovation. Greater need to cater to growing customer requirements has encouraged industry participants to leverage new technologies to develop high-quality products.
The publisher has segmented the EPDM market report on the basis of end-use industry, and region:
EPDM End-Use Outlook (Revenue, USD Million, 2016 - 2028)
- Building and Construction
- Electrical and Electronics
- Automotive
- Manufacturing
- Others
EPDM Regional Outlook (Revenue, USD Million, 2016 - 2028)
- North America
- U.S
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Netherlands
- Austria
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Latin America
- Brazil
- Mexico
- Argentina
- Middle East & Africa
- Saudi Arabia
- South Africa
- Israel
- UAE
Frequently Asked Questions about the EPDM Market
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| Report Attribute | Details |
|---|---|
| No. of Pages | 111 |
| Published | October 2021 |
| Forecast Period | 2021 - 2028 |
| Estimated Market Value ( USD | $ 2.65 Billion |
| Forecasted Market Value ( USD | $ 4.06 Billion |
| Compound Annual Growth Rate | 7.0% |
| Regions Covered | Global |
| No. of Companies Mentioned | 15 |
Table of Contents
1. Introduction
2. Executive Summary
3. Research Methodology
4. EPDM Market Insights
5. Global EPDM Market, by End-Use
6. Global EPDM Market Assessment, by Geography
7. Competitive Landscape
8. Company Profiles
List of Tables
List of Figures
Companies Mentioned
- Arlanxeo
- Carlisle Companies
- DOW Inc.
- ExxonMobil Corporation
- Jilin Xingyun Chemical
- JSR Corporation
- Lanxess
- Lion Elastomers LLC.
- Mitsui Chemicals Inc.
- PetroChina Company Limited
- PJSC
- SABIC
- SK Global Chemical Co. Ltd.
- Sumitomo Chemical Co. Ltd.
- Versalis S.p. A.
