Chicago, Feb. 6, 2023 (GLOBE NEWSWIRE) — The globe “EPDM market The size is estimated at US$3.6 billion in 2022 and is projected to reach US$4.8 billion by 2027, at a CAGR of 5.9% between 2022 and 2027according to the latest study by MarketsandMarkets™. EPDM is mainly used in the automotive industry. The market is expected to be driven by the recovery of the automotive sector in the APAC region during the forecast period.

Ethylene Propylene Diene Monomer (EPDM) is a type of elastomer suitable for resistance to ozone, UV radiation, weathering and high temperatures. The average product life cycle of EPDM is over 20 years. It has uses in the automotive industry, construction, wire and cable, as a lubricant additive, and in plastics modification.

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Browse Detailed TOC of Ethylene Propylene Diene Monomer [EPDM] Market”

282 – Market Data Tables
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229 – pages

List of the major players in the EPDM market:

1. ARLANXEO (Netherlands)
2. DOW Inc. (US)
3. Exxon Mobil Corporation (US)
4. JSR Corporation (Kumho Polychem Co. Ltd.) (South Korea)
5. PetroChina Company Limited (China)
6. Versalis SpA (Italy)
7. SK Global Chemical Co.,Ltd. (South Korea)
8. Sumitomo Chemical Co., Ltd. (Japan)
9. Mitsui Chemicals, Inc. (Japan)

Drivers, Restraints, Opportunities and Challenges in EPDM Market:

1. Driver: Increasing use of EPDM polymer in compound products
2. Restrictions: Availability of substitutes for EPDM
3. Opportunity: Development of an environmentally friendly technology for the production of EPDM
4. Challenges: Difficulties in recycling EPDM

Main results of the study:

1. Automotive applications hold the largest share of the EPDM market.
2. By manufacturing method, solution polymerization methods account for the largest share of the EPDM market.
3. By region, Asia Pacific accounted for the largest share of the global EPDM market.

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49% accounted for automotive application…