What Has Been The Evolution of the Ethylene Propylene EPDM Market in Recent Years?
The ethylene propylene epdm market has seen considerable growth due to a variety of factors.
• The size of the ethylene propylene (EPDM) market has seen a swift upsurge in the past few years. The market growth is expected to rise from $7.66 billion in 2024 to $8.53 billion in 2025, showcasing a compound annual growth rate (CAGR) of 11.5%.
Factors contributing to this growth during the historic period include the automotive industry, construction and building materials sector, electrical and electronics industry, and consumer goods.
What Is the Forecasted Market Size and Growth Rate for The Ethylene Propylene EPDM Market Size In The Coming Years?
The ethylene propylene epdm market is expected to maintain its strong growth trajectory in upcoming years.
• The market for ethylene propylene (epdm) is projected to witness substantial growth in the coming years, increasing to a $12.29 billion value by 2029 with a compound annual growth rate (CAGR) of 9.6%.
This significant expansion during the forecasted period is due to factors such as the development of renewable energy infrastructure, the electrification of the automotive industry, priority towards green and sustainable materials, and the oil and gas sector. Key trends observed during this forecast period include the advent of bio-based epdm, enhanced performance formulas, the recycling of epdm, flexible electronics, and conductive applications.
What Factors Are Driving Growth In The Ethylene Propylene EPDM Market?
The growth of the ethylene-propylene market is attributed to the widespread usage of ethylene propylene in diverse industries. EPDM products, being highly compatible with metals, provide a robust shield against environmental factors in the automotive industry. EPDM is characterized by heat resilience, abrasion endurance, oil swell resilience, flame retardance, oxidation, ozone, and weather aging resistance, all due to its stable, saturated polymer backbone structure. BRP manufacturing is one of the firms supplying EPDM for the automotive industry, in various components like under-the-hood and cabin pressure-equalizing assemblies, interior trims, and striker plate blinds. Therefore, the extensive usage of EPDM across various sectors is positively influencing the growth of the EPDM market.
What Are The Main Segments Of The Global Ethylene Propylene EPDM Market?
The ethylene propylene (EPDM) market covered in this report is segmented –
1) By Product Type: Solution Polymerization, Suspension Polymerization
2) By Application: Automotive, Building And Construction, Plastic Modification, Lubricant Additive, Wires And Cables, Tires And Tubes
Subsegments:
1) By Solution Polymerization: High Molecular Weight EPDM, Low Molecular Weight EPDM
2) By Suspension Polymerization: High Viscosity EPDM, Low Viscosity EPDM
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Which Emerging Market Trends Are Altering The Ethylene Propylene EPDM Industry?
The growth of the EPDM market is primarily driven by the rising demand for ethylene propylene diene monomer (EPDM) rubber, produced using bio-based feedstock, as a significant emerging trend. Traditional feedstock like isoprene and butadiene in synthetic rubber production are being replaced with renewable raw materials such as sugar and glycerin in renewable EPDM rubber to minimize greenhouse emissions and support sustainability efforts. For example, in July 2024, Dow Inc., a US-based materials science firm, introduced NORDEL REN EPDM, a bio-based variant of their EPDM rubber material. This newly introduced product is intended to assist the automotive, infrastructure, and consumer sectors in achieving their sustainability objectives by offering an alternative with a smaller carbon footprint that provides equivalent performance to traditional EPDM without the need for requalification. As a result, renewable EPDM rubber is projected to contribute to the expansion of the EPDM market share.
Who Are the Key Players In The Ethylene Propylene EPDM Market?
Major companies operating in the ethylene propylene (EPDM) market include:
• Dow Chemical Company
• Exxon Mobil Corporation
• Johns Manville Inc.
• Kumho Polychem Co. Ltd.
• Lanxess AG
• Lion Elastomers LLC
• Mitsui Chemicals Inc.
• SK Global Chemical Co. Ltd.
• Sumitomo Chemical Co. Ltd.
• Versalis SpA
• JSR Corporation
• Saudi Arabia's Basic Industries Corporation
• SSME
• Jilin Xingyun Chemical Co. Ltd.
• Lion Copolymer Holdings LLC
• PetroChina Company Limited
• Nizhnekamskneftekhim PJSC
• BASF SE
• China Petroleum and Chemical Corporation
• Avient Corporation
• Carlisle Companies Inc.
• Rubber Engineering & Development Company (REDCO)
• Firestone Building Products Company LLC
• Warco Biltrite
• Arlanxeo
• Trelleborg Group
• Freudenberg Sealing Technologies Limited
• Parker Hannifin Corporation
• James Walker & Co.
• ERIKS NV
• Kemipex Chemicals Trading LLC
• Kismet Rubber Products Corp
• Carlisle SynTec Systems
• Carlisle SynTec
• GenFlex Roofing Systems LLC
What Is The Most Dominant Region In The Ethylene Propylene EPDM Market?
Asia-Pacific was the largest region in the ethylene-propylene market in 2023. Middle East was the second-largest region in the global ethylene-propylene market. The regions covered in the ethylene propylene (EPDM) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
