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EPDM Rubber Market: Global Opportunity Analysis and Industry Forecast, 2020–2027

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Dec 2020 | 43 Views
 
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EPDM Rubber Market Analysis 2020-2027:

 

Ethylene propylene diene monomer (EPDM), a synthetic rubber, is used in a range of applications. EPDM is made from ethylene, propylene, and a dieneco-monomer that enables cross-linking via sulfur vulcanization. Rubbers with immersed polymer backbone, for example, EPDM, exhibits better protection from heat, light, and ozone than unsaturated rubbers, such as natural rubber, SBR, or polychloroprene. It is used to create weather stripping, seals on doors for refrigerators & freezers, face masks for industrial respirators, glass-run channels, radiators, garden, and appliance hose.

Market scope and structure analysis

Report Metric

Details

Market size available for years

2020–2027    

Base year considered

2019                   

Forecast period

2020–2027                            

Forecast units

Billion (USD)

Segments covered

Type, application, industry, and region

Regions covered

North America (U.S. and Canada), Europe (Germany, UK, France, and the rest of Europe), Asia-Pacific (China, Japan, India, and the rest of Asia-Pacific), and LAMEA (Brazil, South Africa , and the rest of LAMEA)

Companies covered

Lanxess, ExxonMobil, SABIC, JSR, Kumho, Lion Elastomers, DOW, SK Chemical, Eni, MITSUI, PJSC, Nizhnekamskneftekhim, SSME, and JilinXingyun Chemical

 

COVID-19 scenario analysis

  • Coronavirus has adversely impacted the growth of the global EPDM rubber industry. Owing to the outbreak of COVID-19, the economic lockdown globally has affected most of the industries and organizations. With this, price fluctuations have further been witnessed.
  • In addition, imports and exports are affected, as production has come to a standstill.
  • Rubber is mostly used in the automotive industry; however, decline in production in the rubber industry has directly impacted the automotive firms.

Top impacting factors: market scenario analysis, trends, drivers, and impact analysis

Superior protection from heat and other climatic conditions makes EPDM rubber favorable across various industries. The development of the automotive industry acts as a key factor that drives the growth of the global EPDM rubber market where it is used in window seals, gaskets & hoses, and rubberized channels for car windows and windscreens. However, alarming increase in concerns regarding the emission of VOCs during the production of EPDM rubber is one of the significant limitations for the development of the global market.

New product launches to boost the market

Engineered Polymer Solutions, Inc. (EPS) launched EPS 2252, a high solid acrylic emulsion. EPS 2252 offers remarkable bond to both new and matured EPDM, metal, black-top, and other basic material substrates. This acrylic emulsion likewise gives the ability to plan groundwork and basecoats at <50g/L VOC.

Surge in usage in EPDM rubber in industrial applications

EPDM is utilized as a consistency improver (VI) in greases. Its affinity to assimilate oil makes it worthwhile to be utilized in oil consistency improving applications. The automotive industry is a significant consumer of EPDM rubber. The utilization of EPDM in cars is majorly attributed to of its high temperature & weather resistance and vibration absorbing properties. It is a result of these properties that EPDM is additionally utilized in different applications, for example, hoses, mechanical merchandise for under-hood applications, body fixing, climate stripping, belts, motor mounts, brake parts, and windshield wipers.

Key segments covered

Segment

Subsegment

Type

  • Solution Polymerization
  • Suspension Polymerization

Product

  • Compressor Grommet
  • Electrical Insulation & Stinger Covers
  • Belts
  • seals
  • Others

Industry Vertical

  • Automotive
  • Building & Construction
  • Chemical
  • Others

Key benefits of the report

  • This study presents the analytical depiction of the global EPDM rubber industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed market analysis depending on competitive intensity and how the competition will take shape in coming years.

Questions answered in the global EPDM rubber market research report:

  • Which are the leading market players active in the EPDM rubber market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What are the projections for the future that would help in taking further strategic steps?
 
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