PUNE, India, December 22, 2015 /PRNewswire/ --
The report "EPDM (Ethylene Propylene Diene Monomer) Market by Application (Automotive, Building & construction, Tires and Tubes, Wires & Cables, and Lubricant Additives,) and Regional analysis - Trends & Forecast to 2020", published by MarketsandMarkets, The Global EPDM Market size, in terms of value, is projected to reach USD 7.2 Billion by 2020, at a CAGR of 5.4% between 2015 and 2020.
Browse 108 market data Tables and 83 Figures spread through 202 Pages and in-depth TOC on "EPDM (Ethylene Propylene Diene Monomer) Market"
Early buyers will receive 10% customization on this report.
This report defines and segments the EPDM market with analysis and forecast of the market size. The global EPDM market size is projected to reach USD 7.2 Billion by 2020. This growth is fueled by the growing end-use industry, increasing demand for elastomers, rising development strategies, and increasing expansion and acquisition activities.
Lubricant Additive: The fastest growing application segment in EPDM market
Lubricant additives are estimated to be the fastest growing application for the forecast period owing to the fact that they are an indispensable feature of all machinery, ranging from applications which enable the manipulation of very small parts to the movement of very heavy masses. EPDM is used as a viscosity improver (VI) in lubricants.. Its property to absorb oil makes it advantageous to be used in oil viscosity improving applications.
Automotive segment - The largest market for EPDM
The automotive industry is the largest consumer of EPDM and accounted for the major share of the market, in terms of value, in 2014. The demand for EPDM is directly proportional to the growth in automotive industry. Properties of EPDM such as high heat resistance, weather resistance, and vibration absorption makes it suitable for different applications such as hoses, mechanical goods for under-hood applications, body sealing, weather-stripping, belts, engine mounts, brake parts, windshield wipers, etc.
The market for EPDM in the automotive industry is also driven by the rise in standard of living in emerging economies.
Inquiry of this Report at http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=483
Asia-Pacific - The largest market for EPDM
Asia-Pacific is the largest market for EPDM with major developments witnessed in China, Japan, Malaysia, India, Taiwan, and South Korea. The Asia-Pacific market accounted for approximately forty percent of the global EPDM Market size, in terms of value and volume, in 2014. This region is expected to dominate the market till 2020, with advanced technological developments in automotive and building & construction industry. Asia-Pacific is expected to remain the largest regional market till 2020 with high investments in applications such as automotive, plastic modification and building & construction industry. Also, Asia-Pacific is projected to be the fastest-growing market for EPDM. This high growth is attributed to growing automotive market and increase in domestic demand in China.
Major players such as such ExxonMobil Chemical Company (U.S.), PetroChina Co. Ltd (China), SK Global Chemical Co. Ltd (South Korea), Mitsui Chemicals Inc. (Japan), Carlisle Companies Inc. (U.S.), DoW Elastomers (U.S.), John Manville Inc. (U.S.), JSR Corporation (Japan), Lanxess AG (Germany) and Kumho Polychem Co. Ltd (South Korea) have been profiled in the research report.
This report covers the market, by value and volume, for EPDM and forecasts the market size till 2020. The report includes the market segmentation by application, and by region. It also provides company profiles and competitive strategies adopted by the major market players in the global EPDM market.
Browse Related Reports:
Rubber Molding Market for Automotive Components & Sub-Components (Rings, Weather-strips, Gaskets, Seals, Hoses, Grommets, & Bellows), Material (EPDM, NR, SBR & Others), Vehicle Type (Passenger car, LCV & HCV) & Region - Global Trends & Forecast to 2020
Waterproofing Membrane Market by Type (Modified Bitumen, PVC, TPO, EPDM, HDPE, LDPE), by Application (Roofing & Walls, Building Structures, Waste & Water Management, Tunnel Liners, Bridges & Highways), by region - Trends & forecasts to 2020
MarketsandMarkets is world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/chemical
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets