Ethylene Propylene Diene Monomer Market Size, Share, Growth Prospects, Key Opportunities, Trends and Forecasts

Synopsis of Ethylene Propylene Diene Monomer Market
Commenting on this report, an analyst from Market Research Future (MRFR)’s team said, “Global Ethylene Propylene Diene Monomer Market size is expected to grow at ~5.5% CAGR by 2022. The market witnessed a significant growth over the forecasted period owing to growing end user industries such as into automotive, building & construction, plastics industry, and others.
Ethylene propylene diene monomer is an elastomer formulated from ethylene and propylene monomers. EPDM has exceptional resistance to heat, ozone, sunlight, alkalis, acids and oxygenated solvents. It has very good temperature flexibility, superior resistance to water and steam. EPDM offers higher quality for external and differing temperature applications. Presently automobile industry has the biggest EPDM consumption.
 
Key Players
Key players of the global ethylene propylene diene monomer market are:

• Exxon Mobil Corporation (US),
• The Dow Chemical Company (US),
• Mitsui Chemicals, Inc. (Japan),
• LANXESS AG (Germany),
• Firestone Building Products Company (US),
• Sumitomo Chemical Co. Ltd. (Japan),
• Kumho Polychem Co., Ltd (South Korea),
• Johns Manville. (US),
• Carlisle Companies (US),
• Lion Elastomers (US),
• Others.

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Segment Analysis
The global ethylene propylene diene monomer market has been segmented into application and end use industries. On the basis of application, the market has been divided into roofing membrane, electrical insulation, weather-seal, thermoplastic vulcanizes, tubing, lubricant additive, and other applications and on the basis of end user market is divided into automotive, building & construction, plastics industry, and others. Among these end user industry automobile covers the largest ethylene propylene diene monomer market share.
 
EPDM has features like excellent elasticity, wear resistance, heat resistance, weather resistance, ozone resistance, fresh water & seawater resistance owing to these feature it has a wide application in  automotive industry specially in  weather-strip, sealing components in engine cooling aircon system, coolant transfer hoses, shock absorber, dust proof cover, and tire sidewall.
 
Market Highlights
Ethylene propylene diene monomer elastomers continue to be one of the most commonly used and fastest growing synthetic rubbers. Improvement of quality and durability in ethylene propylene diene monomer design and performance has resulted in wide usage in automotive weather-stripping and seals, roofing membrane, electrical insulation glass-run channel, radiator, appliance hose, tubing, belts, roofing membrane, rubber mechanical goods, plastic impact modification, thermoplastic vulcanizates and other applications. Ethylene propylene diene monomer are valuable for their excellent resistance to heat, oxidation, ozone and weather aging due to their stable, saturated polymer backbone structure.
 
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Regional Analysis:
The North American ethylene propylene diene Monomer market is expressively increasing their end-use industries. North America is expected to hold the market with its increasing demand for ethylene propylene diene monomer in various applications, such as weather-seal, thermoplastic vulcanizes, tubing, lubricant additive and others. The North American markets is predicted to show a rising growth in the forecasted period. Investments and development is a key strategy of this ethylene propylene diene Monomer market some manufacturing companies, associations, and end-product manufacturers give high investments for advancements and developments of ethylene propylene diene monomer to fulfill the new technology demand required from different end-user industries applications.
 
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