Excellent Growth of Automotive Industry Bodes Well for Ethylene Propylene Diene Monomer (EPDM) Market
Ethylene propylene diene monomer (EPDM) is a synthetic rubber typically manufactured through the solution polymerization process. It is produced using ethylene and propylene in the presence of dienes and catalysts. EPDM rubbers are primarily employed in the manufacture of light weight components such as automotive bumpers and automotive interiors in the automotive industry. Rising demand for EPDM in the automotive industry in various regions is likely to propel the EPDM market in the near future. EPDM is also used in plastics, construction, electrical, and other end-user industries. Demand for EPDM rubbers is projected to increase significantly in the next few years considering the extensive growth of the global automotive and construction markets. Asia Pacific dominates the EPDM market in terms of production and demand. Countries such as China, India, Thailand, and South Korea are expected to be the key consumers of EPDM. Fluctuation in prices of raw materials is anticipated to hamper market growth, as prices of raw materials are dependent on the prices of crude oil and oversupply of EPDM in the market. These factors are projected to adversely affect market growth during the forecast period. Increase in research activities on bio-based EPDM is estimated to offer major opportunities to the EPDM market in the next few years.
This report analyzes and forecasts the market for EPDM at the global and regional level. The market has been forecast based on volume (kilo tons) and revenue (US$ Mn) from 2016 to 2024, considering 2015 as the base year. The study includes drivers and restraints of the global EPDM market. It also covers impact of these drivers and restraints on demand for EPDM during the forecast period. The report also highlights opportunities in the EPDM market at the global and regional level.
The report includes detailed value chain analysis, which provides a comprehensive view of the global EPDM market. Porter’s Five Forces model for the EPDM market has also been included to help understand the competitive landscape in the market. The study encompasses market attractiveness analysis, wherein end-users are benchmarked based on their market size, growth rate, and general attractiveness.
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The study provides a decisive view of the global EPDM market by segmenting it in terms of end-users such as building & construction, electrical, plastics, automotive, lubricant additive, and others (including rubber goods). These segments have been analyzed based on present and future trends. Regional segmentation includes current and forecast demand for EPDM in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
The report provides the actual market size of EPDM for 2015 and estimated market size for 2016 with forecast for the next eight years. The global market size of EPDM has been provided in terms of volume and revenue. Market volume has been defined in kilo tons, while market revenue is in US$ Mn. Market numbers have been estimated based on key end-users of EPDM. Market size and forecast for numerous end-users have been provided in terms of global, regional, and country level markets.
In order to compile the research report, we conducted in-depth interviews and discussions with a number of key industry participants and opinion leaders. Primary research represented the bulk of research efforts, supplemented by extensive secondary research. We reviewed key players’ product literature, annual reports, press releases, and relevant documents for competitive analysis and market understanding. Secondary research includes a search of recent trade, technical writing, Internet sources, and statistical data from government websites, trade associations, and agencies. This has proven to be the most reliable, effective, and successful approach for obtaining precise market data, capturing industry participants’ insights, and recognizing business opportunities.
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Secondary research sources that are typically referred to include, but are not limited to company websites, annual reports, financial reports, broker reports, investor presentations, SEC filings, Plastemart magazine, TPE magazine, internal and external proprietary databases, and relevant patent and regulatory databases such as ICIS, Hoover’s, oneSOURCE, Factiva and Bloomberg, national government documents, statistical databases, trade journals, market reports, news articles, press releases, and webcasts specific to companies operating in the market.
We conduct primary interviews on an ongoing basis with industry participants and commentators to validate data and analysis. These help validate and strengthen secondary research findings. These also help develop the analysis team’s expertise and market understanding.
The report comprises profiles of major companies operating in the global EPDM market. Key players in the EPDM market are Lanxess AG, ExxonMobil Corporation, Firestone Building Products Company, LLC, Sumitomo Chemical Co., Ltd., Kumho Polychem Co., Ltd., Mitsui Chemicals, Lion Elastomers, LLC, The Dow Chemical Company, Versalis S.p.A., and Johns Manville, Inc. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, and recent developments.