Ethylene Propylene Diene Monomer (EPDM) Market by Manufacturing Process (Gas-phase Polymerization Process, Slurry/Suspension Process, and Solution Polymerization Process), Applications (Tires & Tubes, Automotive, Plastic Modifications, Lubricant Additive, Electrical & Electronics, Wires & Cables, Building & Construction, and Others), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2022 – 2030
The EPDM market size was valued at USD 5.1 billion in 2021 and is projected to reach USD 9.0 billion by 2030, expanding at a CAGR of around 6.5% during the forecast period, 2022 – 2030. The growth of the market is attributed to the rising implementation of EPDM in construction & building and automotive.
A synthetic elastomer called EPDM is created by copolymerizing propylene and ethylene with attached diene to cross-link the polymer. It is a type of synthetic rubber that has high fluid, ozone, weather, heat, and oxidized chemical resistance. Additionally, it is resistant to synthetic brake fluids, mild acids, ethylene glycol, water, and other liquids
Traditionally, petroleum-derived raw ingredients like ethylene and propylene have been used to make EPDM. However, as end-use industries, particularly those in the automotive and transportation sectors, focus on decreasing their carbon footprint, major producers are incorporating the usage of renewable sources to improve the sustainability of finished goods.
When replacing technical products with renewable materials at first, high-performance rubber applications did not achieve the desired outcomes. However, performance-efficient variations have found a variety of uses in a number of industries as a result of numerous thorough research and development efforts.
The Covid-19 pandemic affected the demand and supply of EPDM market. Lockdown across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturers to shut down production leading to unfortunate decline in market growth. Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period.
Market Trends, Drivers, Restraints, and Opportunities
- Significant growth of the application industries, such as construction, building, and automotive, is expected to fuel the market during the forecast period.
- The demand for EPDM is projected to be driven by product innovation along with increased spending on R&D activities.
- Infrastructural development in the US has led to increasing demand for EPDM, which is driving the market.
- Consumers have shifted their attention away from expensive cars toward more practical vehicles, due to Increasing per capita income, which is estimated to boost the market.
- Significant factor impeding the market growth is the difficulty in recycling EPDM.
- Growing environmental issues due to VOC emissions during the manufacture of EPDM is expected to hamper the market growth.
- Development of environment friendly technologies for producing EPDM is anticipated to create lucrative opportunities for the market players.
Scope of EPDM Market Report
The report on the global EPDM market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes |
Details |
Report Title |
EPDM Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year |
2021 |
Historic Data |
2019–2020 |
Forecast Period |
2022 – 2030 |
Segmentation |
Manufacturing Process (Gas-phase Polymerization Process, Slurry/Suspension Process, and Solution Polymerization Process), and Applications (Tires & Tubes, Automotive, Plastic Modifications, Lubricant Additive, Electrical & Electronics, Wires & Cables, Building & Construction, and Others) |
Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered in the Report |
Warco Biltrite; Versalis S.p.A.; The Dow Chemical Company; Sumitomo Chemical Co., Ltd.; SK Global Chemical Co., Ltd.; Rubber Engineering & Development Company (REDCO); PetroChina Company Limited; Mitsui Chemicals, Inc.; Lion Elastomers, LLC; Lanxess AG; KUMHO POLYCHEM; Johns Manville, Inc.; Firestone Building Products Company, LLC; Exxon Mobil Corporation; ARLANXEO; JSR Corporation; and SABIC |
EPDM Market Segment Insights
The solution polymerization process segment is projected to grow at a rapid pace during the forecast period
Based on manufacturing process, the market is segregated into gas-phase polymerization process, slurry/suspension process, and solution polymerization process. The solution polymerization process segment is projected to grow at a rapid pace during the forecast period. Today's methods for polymerization and catalysts enable the creation of polymers that can be tailored to satisfy a variety of application and processing requirements.
The automotive segment accounted for a major market share in 2021
On the basis of applications, the market is fragmented into tires & tubes, automotive, plastic modifications, lubricant additive, electrical & electronics, wires & cables, building & construction, and others. The automotive segment accounted for a market share of around 40% in 2021. Applications of automotive segment include trunk seals, window, door, glass run channel, weather stripping and seals, belts, radiators, window spacers, tubing, wire & cable harnesses, and hydraulic brake systems.
Due to its non-reflective and high-quality surface, the product is experiencing increased demand in automotive applications. Specialty coatings can also be used while making weather seats since they improve EPDM's chemical resistance. A robust rubber-sheathed cable called EPDM is made up of several conductors inside of a black sheath. It offers insulated electric cables a protective covering that is waterproof, abrasion and corrosion-resistant. Lead wire, electrical wiring for appliances, power cables, cables for welding, and direct burial cables are examples of common EPDM wires and cables. EPDM lead wire is frequently used due to its high dielectric strength, robust abrasion resistance, and superior mechanical qualities.
EPDM is widely used in the electrical and electronics industries due to the growing need for a dependable and environmentally safe flexible insulating material in high-temperature applications. EPDM has low maintenance & repair expenses and maintains its physical qualities the entire time it is in use. Additionally, it has exceptional resilience, a high level of stability, and the capacity to survive a wide range of normal weathering. Moreover, EPDM can be utilized as a water-resistant jointing medium for electrical cables.
The lubricant additive segment is expected to expand at a high CAGR during the forecast period. EPDM is used as a lubricant additive to improve performance and viscosity index in varying temperature and weather conditions. As a result, the oil structure is able to adjust to temperature variations and keep its grades. Few common uses of lubricant additives are industrial oil, maritime, heavy-duty diesel, lubricating greases, and motor oil for automobiles.
Asia Pacific dominated market in 2021
In terms of regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific dominated the market in 2021. Growth of the segment in the region is attributed to increasing demand from the major industries such as electrical & electronics, building & construction, and automotive. Leading MNCs have been making large investments in the manufacturing sector in the Asia Pacific.
Investor interest in the market is also being sparked by the availability of inexpensive labor and the region's easy accessibility to raw materials. China is one of the major consumers and producers of EPDM on the planet. Companies from Northeast Asia are primarily working to stimulate economic growth in important fields like services, manufacturing, and exploitation of raw materials. The EPDM market is expanding due to ongoing research and development efforts. The growth of the market is estimated to be hampered by the high competition and strict labelling laws.
The market in Middle East & Africa is projected to grow at a substantial rate during the forecast period. Over the past few years, the industrial sector in Saudi Arabia has expanded steadily. The efforts by government to promote the development of the industrial sector and accomplish strategic and economic goals are projected to propel the market.
2. Assumptions and Acronyms Used
3. Research Methodology
4. EPDM Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. EPDM Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. EPDM Market - Supply Chain
4.5. Global EPDM Market Forecast
4.5.1. EPDM Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. EPDM Market Size (000’ Units) and Y-o-Y Growth
4.5.3. EPDM Market Absolute $ Opportunity
5. Global EPDM Market Analysis and Forecast by Applications
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Applications
5.2.2. Y-o-Y Growth Projections by Applications
5.3. EPDM Market Size and Volume Forecast by Applications
5.3.1. Tires & Tubes
5.3.2. Automotive
5.3.3. Plastic Modifications
5.3.4. Lubricant Additive
5.3.5. Electrical & Electronics
5.3.6. Wires & Cables
5.3.7. Building & Construction
5.3.8. Others
5.4. Absolute $ Opportunity Assessment by Applications
5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global EPDM Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. EPDM Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global EPDM Demand Share Forecast, 2019-2026
7. North America EPDM Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.2. North America EPDM Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America EPDM Market Size and Volume Forecast by Applications
7.4.1. Tires & Tubes
7.4.2. Automotive
7.4.3. Plastic Modifications
7.4.4. Lubricant Additive
7.4.5. Electrical & Electronics
7.4.6. Wires & Cables
7.4.7. Building & Construction
7.4.8. Others
7.5. Basis Point Share (BPS) Analysis by Applications
7.6. Y-o-Y Growth Projections by Applications
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America EPDM Demand Share Forecast, 2019-2026
8. Latin America EPDM Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Latin America Average Pricing Analysis
8.2. Latin America EPDM Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America EPDM Market Size and Volume Forecast by Applications
8.4.1. Tires & Tubes
8.4.2. Automotive
8.4.3. Plastic Modifications
8.4.4. Lubricant Additive
8.4.5. Electrical & Electronics
8.4.6. Wires & Cables
8.4.7. Building & Construction
8.4.8. Others
8.5. Basis Point Share (BPS) Analysis by Applications
8.6. Y-o-Y Growth Projections by Applications
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America EPDM Demand Share Forecast, 2019-2026
9. Europe EPDM Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Europe Average Pricing Analysis
9.2. Europe EPDM Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe EPDM Market Size and Volume Forecast by Applications
9.4.1. Tires & Tubes
9.4.2. Automotive
9.4.3. Plastic Modifications
9.4.4. Lubricant Additive
9.4.5. Electrical & Electronics
9.4.6. Wires & Cables
9.4.7. Building & Construction
9.4.8. Others
9.5. Basis Point Share (BPS) Analysis by Applications
9.6. Y-o-Y Growth Projections by Applications
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe EPDM Demand Share Forecast, 2019-2026
10. Asia Pacific EPDM Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific EPDM Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific EPDM Market Size and Volume Forecast by Applications
10.4.1. Tires & Tubes
10.4.2. Automotive
10.4.3. Plastic Modifications
10.4.4. Lubricant Additive
10.4.5. Electrical & Electronics
10.4.6. Wires & Cables
10.4.7. Building & Construction
10.4.8. Others
10.5. Basis Point Share (BPS) Analysis by Applications
10.6. Y-o-Y Growth Projections by Applications
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific EPDM Demand Share Forecast, 2019-2026
11. Middle East & Africa EPDM Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa EPDM Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa EPDM Market Size and Volume Forecast by Applications
11.4.1. Tires & Tubes
11.4.2. Automotive
11.4.3. Plastic Modifications
11.4.4. Lubricant Additive
11.4.5. Electrical & Electronics
11.4.6. Wires & Cables
11.4.7. Building & Construction
11.4.8. Others
11.5. Basis Point Share (BPS) Analysis by Applications
11.6. Y-o-Y Growth Projections by Applications
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa EPDM Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global EPDM Market: Market Share Analysis
12.2. EPDM Distributors and Customers
12.3. EPDM Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. Warco Biltrite
12.4.2. Versalis S.p.A.
12.4.3. The Dow Chemical Company
12.4.4. Sumitomo Chemical Co., Ltd.
12.4.5. SK Global Chemical Co., Ltd.
12.4.6. Rubber Engineering & Development Company (REDCO)
12.4.7. PetroChina Company Limited