Ethylene Propylene Diene Monomer (EPDM) Market - Favorable Developments in Automotive and Construction Industries to Boost Demand for EPDM in Emerging Economies; Global Industry Analysis 2016 - 2024

News provided by

Aug 02, 2016, 05:30 ET

ALBANY, New York, August 2, 2016 /PRNewswire/ --

The global market for ethylene propylene diene monomer (EPDM) is marked by an extremely high level of consolidation, with the top six companies accounting for over 80% of the market in 2015, states TMR in a recent report. These top six companies, including ExxonMobil Chemical Company, Kumho Polychem, LANXESS AG, Mitsui Chemicals, Lion Copolymer LLC, and The Dow Chemical Company, are the key determinants of the overall development of the market presently.

However, a large number of local vendors are venturing in the global EPDM market, a trend which is expected to intensify the competition substantially in the market in the next few years. This trend is also expected to bring down the level of consolidation, leading to the development of sustainable growth prospects for new entrants as well. Mergers and acquisitions are likely to have a major impact on the overall dynamics of the market and companies are expected to increase their focus on emerging markets with promising growth opportunities.

Rising Demand for EPDM from Automotive Industry Key Driving Force

The automotive industry is the most prominent consumer of EPDM, accounting for a share of over 40% in the overall consumption of EPDM in the global market in 2015. The automotive industry has seen significant expansion in the past few years, especially across developing economies such as Asia Pacific and Latin America. Developed regions such as North America and Europe have also witnessed sustainable growth in the automotive industry post the economic downturn of 2008. In the next few years as well, the automotive industry will exhibit favorable growth in the global market and present vast growth opportunities for the EPDM market.

Browse Research Report with ToC & Free Analysis: http://www.transparencymarketresearch.com/ethylene-propylene-diene-monomer-rubber.html

The sector of thermoplastic modification is also expected to present promising growth opportunities for the global EPDM market in the next few years. The vast rise in the global demand for thermoplastic olefins (TPO) and thermoplastic vulcanizates (TPV) across industries such as construction, packaging, medical devices, and consumer goods will help fortify the projected trend.

Oversupply of EPDM Owing to Consistent Capacity Additions to Intensify Price Pressure

The global EPDM market has witnessed a prominent shift in its demand-supply dynamics in the past few years. In 2010, the global demand for EPDM outstripped the global supply. However, the situation has almost reversed in the past few years. Owing to substantial capacity additions by major vendors such as LANXESS, Mitsui Chemicals, Kumho Polychem, and ExxonMobil Chemical Company post the recent economic depression, the market presently struggles with the oversupply of EPDM.

This factor is expected to expedite the competition in the market, adding to the price pressures of existing manufacturers. As a result, the growth prospects of the market are expected to be hampered to a certain extent in the next few years.

Get Latest Industry Research PDF for more Professional and Technical Industry Insights: http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=1285

Emerging Economies to Present Most Promising Growth Prospects

The global EPDM market is expected to expand at a healthy pace of 5.4% over the period between 2016 and 2024. The market, which had a valuation of US$2.63 bn in 2015, is expected to rise to US$4.20 bn by 2024. From a geographical perspective, emerging economies such as Asia Pacific and Latin America are expected to lead to the most lucrative growth opportunities for the global EPDM market in the next few years. Asia Pacific, which accounted for the dominant share of over 40% in the overall global EPDM consumption in 2015, is expected to remain the dominant regional market over 2016 to 2024 as well.

This review is based on a recent market research report published by Transparency Market Research, titled "Ethylene Propylene Diene Monomer (EPDM) Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024."

Browse Research Press Release: http://www.transparencymarketresearch.com/pressrelease/ethylene-propylene-diene-monomer-rubber.htm

Booming Construction and Electrical Industries in Asia Pacific Hold Promise for EDPM Market

Accounting for over 40% share in 2015 in terms of volume, the Asia Pacific emerged as the clear leader the global EPDM market. The EPDM market in Asia Pacific is expected to expand at a favorable pace in the next few years, enabling the region to retain its dominance in the global market over the period between 2016 and 2024. The flourishing construction and electrical industries in the region will contribute to the favorable growth of EDPM. Owing to the presence of a large number of electrical equipment parts manufacturers and a promising construction industry, China will emerge as the chief consumer of EPDM in the Asia Pacific market.

Other promising regional markets for the EPDM market include Middle East and Africa and Latin America. The rising demand for rubber and plastic components in the electrical, plastic modification, and automotive industries will lead to sustained consumption of EPDM in these regions over the next few years. In developed regions such as North America and Europe, demand for EDPM will expand at a moderate pace, primarily owing to the recovering automotive and construction industries. The North America EDPM market is expected to exhibit a 3.9% CAGR while the Europe EDPM market will expand at a 3.6% CAGR from 2016 to 2024.

For this study, the market has been segmented as follows:

EPDM Market: End-user Analysis

Building & Construction
Electrical
Plastics
Automotive
Lubricant Additive
Others (Rubber Goods, etc.)

EPDM Market: Regional Analysis

North America

U.S.
Rest of North America

Europe

U.K.
Germany
France
Russia
Italy
Rest of Europe

Asia Pacific

China
ASEAN
India
Rest of Asia Pacific

Latin America

Brazil
Rest of South America

Middle East & Africa (MEA)

GCC
South Africa
Rest of MEA

Browse Regional Market Research: http://www.europlat.org/ethylene-propylene-diene-monomer-epdm-market.htm

Browse Other Research Report:

Flame Resistant Fabrics Market: http://www.transparencymarketresearch.com/flame-resistant-fabrics.html

Humic Acid Market: http://www.transparencymarketresearch.com/humic-acid-market.html

About TMR

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company's exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR's data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Contact
Transparency Market Research
State Tower
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: [email protected]