Ethylene Propylene Diene Monomer Market To Exceed $6.46 Billion By 2025: Grand View Research, Inc.

March 07 12:48 2019

Grand View Research, Inc. – Market Research And Consulting
According to report published by Grand View Research, The market is mainly driven by rising demand for bio-based products and R&D investments in the field. High demand for EPDM, mainly in Asia Pacific region due to expanding end-use industries like automotive and construction, is also propelling the market growth.

According to a report, “Ethylene Propylene Diene Monomer (EPDM) Market Size, Share & Trends Analysis Report By Application (Electrical & Electronics, Building & Construction, Wires & Cables), And Segment Forecasts, 2019 – 2025”, published by Grand View Research, Inc., The global ethylene propylene diene monomer (EPDM) market size is expected to reach USD 6.46 billion by 2025 expanding at a CAGR of 6.5%. High demand for EPDM, mainly in Asia Pacific region due to expanding end-use industries like automotive and construction, is also propelling the market growth. Increasing spending on construction and infrastructure development by federal governments due to growing population along with rapid urbanization and industrialization in developing economies will also support market growth.

Key Takeaways from the report: 

  • Asia Pacific was the dominant regional market in 2017 and is anticipated to expand further at the highest CAGR of 5.7% during the forecast period

  • China is among the fastest-growing countries in the market on account of availability of potential growth opportunities for the manufacturers

  • Rapidly expanding automotive sector in the country is also contributing to the growth of the global Ethylene Propylene Diene Monomer (EPDM) market

  • Extensive R&D activities for the development of bio-based products have led to the creation of several improved grades, which is expected to create lucrative growth opportunities for the EPDM market in near future

Thus, growing construction activities, particularly in China and India, are expected to augment the product demand in infrastructure and construction applications. However, EPDM is expected to witness the maximum demand from the automotive application segment on account of their non-reflective and premium-quality finish. 

U.S. EPDM market size, by application, 2014 - 2025 (USD Million)

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EPDM can also be used in electrical cable joints and roofing membranes as it does not pollute the runoff rainwater, thereby improving the efficiency of rainwater harvesting. All these factors together are creating lucrative growth opportunities for the global market in automotive sector.

Global EPDM market share, by application, 2017 (%)

Grand View Research has segmented the global Ethylene Propylene Diene Monomer (EPDM) market on the basis of application and region:

EPDM Application Outlook (Volume, Kilotons; Revenue, USD Million, 2014 – 2025)

  • Building & Construction

  • Wires & Cables

  • Electrical & Electronics

  • Lubricant Additive

  • Plastic Modifications

  • Automotive

  • Tires & Tubes

  • Others

EPDM Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2014 – 2025)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • U.K.

    • France

    • Italy

    • Russia

  • Asia Pacific

    • China

    • India

    • Japan

    • South Korea

  • Central & South America

    • Brazil

    • Argentina

  • Middle East & Africa

    • Saudi Arabia

    • South Africa

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About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

For more information: www.grandviewresearch.com

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