Global Ethylene Propylene (EPDM) Market Report 2021 - Opportunities And Strategies, Market Forecast And Trends

27 Oct, 2021

The ethylene propylene market consists of sales of ethylene propylene and related services. Ethylene propylene is a type of synthetic rubber formed as a terpolymer of ethylene, propylene, and a diene-component. It is resistant to heat and electricity and is non-reactive towards acids and alkali compounds. Industrial applications include weather-stripping and seals, glass-run channels, radiators, garden and appliance hoses, tubing, belts, electrical insulation, roofing membranes, rubber mechanical goods, plastic impact modification, thermoplastic vulcanizates and motor oil additive applications.

Global Ethylene Propylene (EPDM) Market Size And Drivers:

The global ethylene propylene (EPDM) market is expected to grow from $7.62 billion in 2020 to $9.52 billion in 2021 at a compound annual growth rate (CAGR) of 24.9%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $11.9 billion in 2025 at a CAGR of 6%. Use of ethylene propylene across various industries contributes to the growth of the ethylene propylene market.

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Trends In The Global Ethylene Propylene (EPDM) Market

The increasing demand for ethylene propylene diene monomer (EPDM) rubber produced from bio-based feedstock acts as a key trend driving the growth of the EPDM market. Renewable EPDM rubber uses raw materials such as sugar and glycerin to replace traditional feedstock such as isoprene and butadiene in synthetic rubber production to reduce greenhouse emissions and to achieve sustainability. For instance, Keltan, a Netherlands based company, produced the first commercial bio-based feedstock KELTAN® Eco based on renewable raw materials. Therefore, renewable EPDM rubber is expected to increase the market share of the EPDM market.

Global Ethylene Propylene (EPDM) Market Segments:
The global ethylene propylene (EPDM) market is further segmented –
By Product Type: Solution Polymerization, Suspension Polymerization
By Application: Automotive, Building & Construction, Plastic Modification, Lubricant Additive, Wires & Cables, Tires & Tubes
By Geography: The global ethylene propylene (EPDM) market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

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Ethylene Propylene (EPDM) Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides ethylene propylene (EPDM) market overviews, analyzes and forecasts market size and growth for the global ethylene propylene (EPDM) market, ethylene propylene (EPDM) market share, ethylene propylene (EPDM) market players, ethylene propylene (EPDM) market segments and geographies, ethylene propylene (EPDM) market’s leading competitors’ revenues, profiles and market shares. The ethylene propylene (EPDM) market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.