EPDM Market Analysis of Key Trends, Industry Dynamics, and Future Growth 2028

The global EPDM market is projected to grow from USD 3.9 billion in 2023 to USD 5.2 billion by 2028, at a CAGR of 5.9% during the forecast period. The rising automotive sector in the APAC region is driving the EPDM market during the forecast period. The EPDM market growth is primarily driven by the rising automotive sector which helps to generate the demand for EPDM across the industry. Apart from this, the increasing use of EPDM polymer in the blended products also helps to drive the market. Availability of the susbstitutes for EPDM in the market, becomes the main restraining factor in this market. However, the growing demand for EVs, and development of environment-friendly technology for EPDM production, provides lucrative opportunities for EPDM producers. Anti-dumping duties imposed by China, and recycling issues of EPDM, are the major challenge of this market.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=483

Opportunity: Development of environment-friendly technology for production of EPDM

Companies are concentrating their efforts on developing environmentally friendly technologies and products across various end-use industries to minimize CO2 footprints. By utilizing renewable raw materials in production processes, they aim to enhance sustainability. This technology is anticipated to yield substantial revenue streams as it not only conserves energy but also increases production rates by significantly reducing the number of manufacturing steps required for EPDM. Moreover, operational costs and time are further reduced as the catalyst stage is eliminated from the manufacturing process. Arlanxeo, based in the Netherlands, is at the forefront of this movement, producing bio-based EPDM under the product grade name Keltan ECO. Derived from sugarcane, ethylene is obtained from ethanol to produce this EPDM, which boasts a bio-based content of up to 70%.

Challenges: Difficulty in recycling of EPDM

EPDM stands as a thermoset elastomer, created from ethylene and propylene monomers, which facilitates cross-linking or vulcanization at elevated temperatures using cross-linking agents such as sulfur or peroxides. While thermoset rubbers exhibit enhanced performance in terms of temperature and chemical resistance, they pose challenges in recycling compared to thermoplastic elastomers. This recycling difficulty arises from the presence of the cross-linked structure inherent in thermoset rubbers.

EPDM Companies

EPDM (Ethylene Propylene Diene Monomer), represents a versatile copolymer composed of ethylene, propylene, and non-conjugated diene monomers. Functioning as a saturated elastomer, EPDM offers robust resistance to polar solvents. Its production primarily relies on catalysts like Ziegler-Natta or Metallocene, with manufacturing processes encompassing slurry, gas-phase, and solution methods. The solution polymerization process is generally used in the commercial production of EPDM. EPDM rubber excels in resisting heat, aging, UV exposure, and ozone. Moreover, it shows poor resistance against solvents and hydrocarbon fuels.

Request a Sample Copy of this Report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=483

In the past couple of years, major industry players have implemented expansion initiatives, formed joint ventures, and focused on new product development to drive growth. Among the prominent contenders in the market are ARLANXEO (Netherlands), Exxon Mobil Corporation (US), DOW (US), Kumho Polychem (South Korea), PetroChina Company Limited (China), Versalis S.p.A. (Italy), SK geo centric Co., Ltd. (South Korea), Mitsui Chemicals, Inc. (Japan), Lion Elastomers LLC (US), ENEOS Holdings, Inc. (Japan), SABIC (Saudi Arabia), and others.

Dow (US) is a pioneering materials science company dedicated to crafting inventive solutions. Its operations span across several segments, including packaging and specialty plastics, industrial intermediates and infrastructure, and performance materials and coatings. One of Dow's notable offerings is EPDM rubber, which is integrated into its packaging and specialty plastics business. This EPDM, marketed under the brand name NORDEL, showcases Dow's commitment to innovation and excellence in serving its customers' demands.

Versalis S.p.A (Italy), a subsidiary of the prominent Italian oil and gas firm Eni S.p.A., specializes in manufacturing a diverse array of chemicals. The company's operations are organized into six distinct divisions: intermediates, polymers, biochem, molding and compounding, oilfield chemicals, and other areas. With a global presence, Versalis boasts production facilities for elastomers in key locations such as Italy, the UK, and South Korea.

The company operates research and development centers in Italy, situated in Ravenna and Ferrara. Ravenna's facility stands out as a major synthetic rubber producer in Europe. With a remarkable total production capacity exceeding 304 thousand tons per year (KTPY) for EPDM, the company's elastomers division leads the market.

ARLANXEO (Netherlands), a leading synthetic rubber manufacturer, serves its products in diverse end-use applications including automotive, oil & gas, building & construction, consumer goods, and pharmaceuticals. With a global footprint spanning over 12 production sites and 7 innovation centers across Asia, Europe, South America, and North America, ARLANXEO ensures proximity to key markets and fosters innovation to meet evolving customer needs. The company's EPDM products are marketed under the brand name Keltan.

Asia Pacific is the fastest-growing market for the EPDM market.

The Asia Pacific region is accounted to be the fastest-growing market both in terms of value, from 2023 to 2028. Asia-Pacific's dominance in the EPDM market can be attributed to the concentration of EPDM producers within the region. Additionally, the region experiences a surge in new construction projects and sustained growth in the automotive sector, further propelling the demand for EPDM in the region.

Speak to Expert: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=483 

Frequently Asked Questions (FAQ):

 ❓ What growth prospects does the EPDM market present?

 ❓ What are the major catalysts used in production of EPDM?

 ❓ Which application predominantly utilizes EPDM?

 ❓ Which companies are at the forefront of the EPDM market?

 ❓ What are the prime factors that are poised to influence the market in the forecast period?

 ❓ How is EPDM manufactured?

 ❓ Why is EPDM preferred for roofing applications?

 ❓ What applications primarily use EPDM Rubber?

 ❓ What industries predominantly use EPDM?