Global Ethylene Propylene Diene Monomer (EPDM) Market is Estimated to Reach $5.7 Billion by 2025, Says Accurize Market Research
Global Ethylene Propylene Diene Monomer (EPDM) Market report published by Accurize Market Research forecast that the global market is expected to reach $5.7 billion by 2025; growing at a CAGR of 3.7% from 2017 to 2025. By geography, Asia Pacific and North America are expected to grow at a CAGR of XX% and XX%, respectively, during the forecast period.
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Increasing construction and renovation activities along with growing demand for durable synthetic rubbers to drive the growth of the market
Increasing construction and renovation activities along with growing demand for durable synthetic rubbers fuel the demand for the global ethylene propylene diene monomer (EPDM) market. Furthermore, increasing EPDM application scope in automotive industry with usage such as insulation, engine hosepipe and door & window sealsalso boost the growth of the market.
Market Segmentation
The global ethylene propylene diene monomer (EPDM)market has been bifurcated on the basis ofapplication andgeography.Applicationsegment is segmented as automotive, building & construction, plastic modifications, tires & tubes, wires & cables, lubricant additives, and others. By geography the market is segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW).
Top players in the market
The key market players include Petrochina Co. Ltd., Versalis (Polimeri Europa S.P.A.), ExxonMobil Chemical Company, Sk Global Chemical Co. Ltd., Mitsui Chemicals Inc., Carlisle Companies Inc., Dow Elastomers, John Manville Inc., Jsr Corporation, KumhoPolychem Co. Ltd., Lanxess Ag, Lion Copolymer Llc, OaoNizhnekamskneftekhim and Sumitomo Chemical Co. Ltd. among others.
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