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EPDM Market Expected to Hit $4.8 billion by 2027 – Exclusive Report by MarketsandMarkets™

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EPDM Market Expected to Hit $4.8 billion by 2027 – Exclusive Report by MarketsandMarkets™

May 05
14:50 2023
EPDM Market Expected to Hit $4.8 billion by 2027 - Exclusive Report by MarketsandMarkets™
Browse 282 market data Tables and 52 Figures spread through 229 Pages and in-depth TOC on “EPDM Market”
The EPDM market is expected to grow due to increasing demand from the automotive and construction industries, with Asia Pacific showing the highest growth.

The global EPDM market size is estimated to be USD 3.6 billion in 2022 and is projected to reach USD 4.8 billion by 2027, at a CAGR of 5.9% between 2022 and 2027.  The recovery of the automotive sector in the APAC region is driving the EPDM market during the forecast period.

Ethylene propylene diene monomer or EPDM is a copolymer of ethylene, propylene, and non-conjugated diene monomers. It is a saturated elastomer that provides resistance against polar solvents. The major catalysts used in the production of EPDM are Ziegler–Natta catalysts or Metallocene catalysts. The major processes used in the manufacturing of EPDM are slurry, gas-phase, and solution. Solution polymerization process is usually used in the commercial production of EPDM. EPDM rubber provides resistance against heat, aging, UV, and ozone. However, EPDM shows poor resistance against hydrocarbon fuel and solvent.

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The EPDM market is segmented on the basis of application as automotive, building & construction, plastic modification, tires & tubes, wire & cables, lubricant additives, and others. In automotive sector, EPDM is used as weather stripping seals, hoses, gaskets O-ring, grommets, and other under-the-hood applications. In building & construction, EPDM is mainly used as roofing membrane, facades, and window & door seals. Plastics modification includes EPDM is blend with other products to produce products with desirable properties. Thermoplastic elastomers such as (thermoplastic vulcanizates) TPV and (thermoplastic polyolefins) TPO are produced with the help of EPDM. It is blended with natural rubber and polybutadiene rubber for the production of tires & tubes to provide resistance against ozone. For wires & cables, it is used for insulation, jacketing to provide resistance against heat, high voltage, and ozone. In lubricant additives application, EPDM is used as viscosity index modifier for lubricants.

 The major industry players are adopted expansions, joint venture and new product development as growth strategies in the last four years. The leading players in the market are ARLANXEO (Netherlands), Exxon Mobil Corporation (US),  DOW Inc. (US), JSR Corporation (Kumho Polychem Co. Ltd.) (South Korea), PetroChina Company Limited (China), Versalis S.p. A.(Italy), SK Global Chemical Co., Ltd. (South Korea), Sumitomo Chemical Co., Ltd. (Japan), and Mitsui Chemicals, Inc. (Japan).

 Exxon Mobil Corporation is engaged in the energy and chemical manufacturing business. Its headquartered in Texas, US. The company operates through four segments; Upstream, Downstream, Chemical, and Corporate & Financing. The business operations are also divided into the following brands: ExxonMobil Chemical, Exxon, Mobil, Esso, and XTO. The company provides EPDM rubber under ExxonMobil Chemical and is provided under the grade name Vistalon. The application of EPDM includes automotive, building & construction, and other industrial applications. The company’s manufacturing plants are present in North America, Europe, the Middle East, and Asia Pacific. EPDM manufacturing plants of the company are present in the US, France, and Saudi Arabia.

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ARLANXEO is a synthetic rubber manufacturer and was formed by a joint venture between LANXESS (Germany) and Saudi Aramco (Saudi Arabia) in 2016. In 2018, Saudi Aramco acquired the remaining share from LANXESS, and ARLANXEO became a wholly-owned subsidiary of Saudi Aramco. Its headquartered in the Hague, Netherlands. The company provides elastomer for various end-use applications such as automotive, oil & gas, building & construction, consumer goods, and pharmaceutical. The company has more than 11 production sites and nine research & development centers in Asia, Europe, South America, and North America. The company provides EPDM under the brand name Keltan.

The EPDM market in 2020 declined by 12.9%, in terms of volume, compared to 2019 due to the COVID-19 pandemic. Import and export of EPDM decline due to government restriction and decline in the demand. The production of automobile was halted due to disruption in the supply chain. The global production of vehicles in the first three quarters of 2020 declined by 26% compared to the previous year, 2019. With the declining production of automobiles, the demand for EPDM also decreased.

The companies have initiated the following developments:

  • In March 2020, SK Global Chemical Co., Ltd. announced to close the EPDM production plant in Ulsan, Korea by the second quarter of 2020.
  • In July 2019, ARLANXEO planned to set up an R&D center at Dhahran Techno Valley, Saudi Arabia for elastomers.
  • In October 2019, DOW Inc introduced two new EPDM product grade name NORDEL 4590 EPDM and NORDE 4750 OE EPDM. These grades are suitable for automotive, building & construction, and plastic modification applications.
  • In November 2019, ARLANXEO planned to close its EPDM plant in Orange, Texas, US to standardize technology in the production of EPDM across various plants.

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