Global EPDM Market 2017-2021

Overview of the global EPDM market

 There is a growing demand for synthetic rubber in the automotive industry due to the fluctuating prices of natural rubber. Developing countries are the major consumers and producers of synthetic rubber. For instance, there is an increasing demand for synthetic rubber from the major end-user industries in China and the country is also one of major producers of synthetic rubber. EPDM industry analysis identifies this growing demand for synthetic rubber as one of the major factors that will have a positive impact on the EPDM market growth, which according to Technavio’s market research analysts, will grow at a CAGR of around 8% by 2021.

The emergence of commercialization and production of bio-based EPDM is one of the latest trends that will gain traction in the EPDM market in the coming years. Bio- based products are extracted from the natural biodegradable resources. This will increase its demand due to its recyclable and eco- friendly factors. Additionally, the usage of bio-based EPDM will also decrease the dependence on fossil fuel and also reduce greenhouse gas emissions and carbon footprint. The vendors in this market are increasingly focusing on developing bio-based EPDM since it will aid the automotive industry reduce carbon emissions.

What's your takeaway?

Technavio's industry research report on the global EPDM market 2017-2021 will help you-

• Identify latent opportunities and explorative solutions in the EPDM market
• Identify your key competition, and what's making them tick?
• Help you build a comprehensive marketing plan, applicable across 50+ countries

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Competitive landscape and key vendors

The market is characterized by the presence of many large and small vendors and appears to be highly competitive. The vendors in the market are competing on the basis of product innovation, price, and product quality. They are highly focusing on enhancing their geographical presence with large production facilities. Additionally, these vendors are also following M&A strategies to improve their product portfolio.

The leading vendors in the market are -

• The Dow Chemical Company
• ExxonMobil
• Lion Elastomers
• LANXESS
• MITSUI CHEMICALS

The other prominent vendors in the market are Covestro, Carlisle, Firestone Building Products, Jilin Xingyun Chemical, KUMHO PETROCHEMICAL, PetroChina, and SK global chemical.

Segmentation by application and analysis of the EPDM market

• Automotive
• Molded goods
• Buildings and construction
• Lubricant additives
• Plastic modification

The automotive segment accounted for the major shares of this market since it is replacing traditional and natural rubber in a wide range of applications. The increase in sales of luxurious cars and passenger and commercial vehicles across the world owing to the rise in the spending capacity of the people in the developing countries of Asia will fuel the market’s growth prospects in this segment.

Geographical segmentation and analysis of the EPDM market

• APAC
• Europe
• North America
• ROW

This market study estimates that in terms of geographic regions, APAC will be the major revenue contributor to the market by 2021. The growth of the automotive industry in the developing economies of the region, the rise in manufacturing of automotive parts due to availability of raw material, and the presence of favorable government regulations, will fuel the market’s growth in this region.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global EPDM market?
• What are the key market trends impacting the growth of the global EPDM market?
• What are the challenges to market growth?
• Who are the key vendors in the global EPDM market?
• What are the market opportunities and threats faced by the vendors in the global EPDM market?
• Trending factors influencing the market shares of APAC, Europe, North America, and ROW.
• What are the key outcomes of the five forces analysis of the global EPDM market?

Technavio also offers customization on reports based on specific client requirement.

This upcoming market research report on the EPDM market is an integral part of Technavio’s chemicals and materials portfolio and offers key insights into the market space for specialty chemicals. Technavio’s insightful market research reports also present insights on the market size, forecast, trends, and industry analysis to help clients build effective growth strategies.

Additionally, by implementing an extensive research approach of quantitative and qualitative data collection methods and assessing the changing demand-supply landscape of the speciality chemicals sector, the upcoming market research report on the EPDM market offers insights into the key market drivers, trends, and eminent challenges that will influence the growth of the key suppliers in this market space. This upcoming market research report on the EPDM market also covers vendors like ExxonMobil Chemical Company, PetroChina Co. Ltd, SK Global Chemical Co. Ltd, Mitsui Chemicals Inc., and Carlisle Companies Inc.

This market research report on the EPDM market also takes into account the growth of related market like barytes market, which is anticipated to post an impressive CAGR of above 4%, respectively during the forecast period. According to our industry experts, the demand for EPDM is directly proportional to the growth in the automotive industry. Furthermore, to offer clients the scope to identify potential market opportunities and expand in niche markets, this report on the EPDM market also covers geographies like APAC, North America, Europe, and ROW.

The upcoming industry report on the EPDM market also offers insights into fast-growing segments within the chemicals and materials industry, including sectors like metals and minerals and industrial gases. Additionally, the report also presents insights into the changing competitive landscape and gives clients a complete view of the future direction of the chemicals and materials industry.

Technavio also offers clients the option to customize every report to suit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.