According to
ChemAnalyst report, “Global EPDM
Rubber Market: Plant Capacity, Production, Operating Efficiency, Demand &
Supply, Technology, End Use, Distribution Channel, Region, Competition, Trade,
Customer & Price Intelligence Market Analysis, 2015-2030”,
global EPDM rubber market has shown promising growth in
the past five years and is anticipated to achieve a CAGR of 7.15% during the
forecast period. Increasing demand for automotive and building and construction
coupled with demand growth for other application areas is expected to drive the
demand for EPDM rubber for the forecast period. Moreover, increasing demand
from electricals is also an influencing factor supporting demand rise for EPDM
during the forecast period. Additionally, growth in the demand of electric
vehicles is expected to push the demand further during the forecast period.
Get more
info: https://www.chemanalyst.com/industry-report/epdm-rubber-market-585
Ethylene
propylene diene monomer (EPDM) is a synthetic rubber which is made from
ethylene, propylene and diene co-monomer which helps in sulphur vulcanization.
It can be manufactured via two processes which are solution polymerization and
suspension polymerization. EPDM has various properties like heat resistance, chemical
resistance, light weight, durability etc. Due to these properties, EPDM finds
application in several areas including automotive, building and construction,
plastic modification, wires and cables, tires and tubes, and lubricant
additives.
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EPDM rubber is
basically a thermoplastic elastomer which is used in applications requiring
rubbery properties with light weight, high mechanical strength, and chemical
resistance. In 2020, the spread of COVID-19 in major global economies caused
nationwide lockdowns which had an impact on a number of industries.
Construction and automotive were among the most affected industries during the
pandemic. This had an impact on the demand of EPDM for the first half of 2020.
The demand for EPDM rubber fell during the coronavirus pandemic from the
automotive and construction segment.
EPDM rubber is majorly
related to automotive and construction hence the price is directly linked to
the fluctuations in the demand of construction and automotive. In the first
half of FY20 sudden outbreak of novel coronavirus followed by fall in in the
demand of construction and automotive rendered a major downfall in the global EPDM
rubber, hence the prices remained low for EPDM rubber during the coronavirus
pandemic. Demand has picked up in the recent quarters and is projected to grow
due to increasing demand from Asia Pacific and North America.
Regionally, Asia
Pacific dominates the Global EPDM rubber market and holds the largest market
share in FY20. Asia’s EPDM rubber market is anticipated to grow in the
economies like China due to increasing demand of building and construction and
furniture etc.
According to
ChemAnalyst report, Global EPDM
Rubber Market: Plant Capacity, Production, Operating Efficiency, Demand &
Supply, Technology, Application, End Use, Distribution Channel, Region,
Competition, Trade, Customer & Price Intelligence Market Analysis,
2015-2030”, some of the
major players operating global EPDM rubber market are Arlanxeo, DOW Inc, Exxon
Mobil Corporation, JSR Corporation (Kumho Polychem Co. Ltd.), PetroChina
Company Limited, Versalis S.p. A, SK Global Chemical Co. Ltd, Sumitomo Chemical
Co. Ltd., Mitsui Chemicals, Inc. and others
“Being linked to
the construction and automotive industry, the global EPDM rubber industry has
shown a robust growth alongside growing population and changing consumer
preference. China serves as the key growth region with sufficiently installed
capacities for EPDM rubber. With new
competitors emerging across the Asia Pacific EPDM rubber market, players
anticipate that there will be sufficient supply demand gaps in future. At this,
it is extremely important to keep an eye which region will grab the biggest
market share in the upcoming years.”
said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global
management consulting firm promoting ChemAnalyst.
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