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Ethylene Propylene Diene Monomer (EPDM) Market to Reach ~US$ 6.2 Bn by 2027; Shift Towards Bio-based Materials to Drive Market Growth: TMR

- The rising demand for synthetic rubbers, and growing application of bio-based monomers are expected to drive significant growth in the ethylene propylene diene monomer market.

- Raw materials like sugarcane promise a natural extension of core applications in near future.

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News provided by

Transparency Market Research

Feb 10, 2020, 11:00 ET

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ALBANY, New York, Feb. 10, 2020 /PRNewswire/ -- The advancement in application and widespread use in synthetic hydraulic fluids, coolants, brake fluids, door sealants, and major sectors like aerospace will drive robust growth for the market. According to the TMR study, the ethylene propylene diene monomer (EPDM) market will likely register a notable 6.0% CAGR during 2019-2027. Rising at a robust CAGR, the market will reach nearly US$6.2 bn in valuation by 2027.

As per Transparency Market Research analysts, "the ability to sustain a wide range of temperatures, and strong mechanical strength are key to growth in the ethylene propylene diene monomer market. Additionally, new features such as increased weather resistance also further its application in new segments across industries".

Download PDF Brochure - https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=1285 

Key Findings of the Ethylene Propylene Diene Monomer Market Study

  • End-industries continue to shift towards synthetic rubber for application. The demand for natural continues to be plagued with fluctuating prices, and growing incentives for production of synthetic rubber also promise to further growth.
  • The cost-effectiveness of synthetic rubber, and lower consumption of energy in relation to special and general applications promise significant gains.
  • Key sectors like construction, automotive, among others promise to emerge as strong drivers for growth during the forecast period.
  • Developments like electric vehicles, UV-resistant properties, and glycol infused brake liquids promise new opportunities for growth in the automotive sector.

Explore the insightful research with its incisive insights, and detailed country-level projections. Gain business intelligence on Ethylene Propylene Diene Monomer (EPDM) Market (Application: Building & Construction, Electric Insulation, Automotive, Plastics, Lubricant Additives, and Others) forecast, 2019 - 2027: at https://www.transparencymarketresearch.com/ethylene-propylene-diene-monomer-rubber.html 

Ethylene Propylene Diene Monomer Market: Key Driving Factors

  • The growing demand for TPVs is a major driver for growth in the ethylene propylene diene monomer market. The cross-linking of rubber materials and formation of polypropylene structured product has opened up new opportunities. These new products offer higher resistance to chemicals, weather, and UV radiation. This is expected to emerge as the main driver for growth in the ethylene propylene diene monomer market.
  • New horizon of bio-based materials promise to add to conventional strengths with higher metal adhesion, sustainability, higher oil resistance, and effective application as a solvent. Moreover, the use of sugarcane-based bio-materials also promise low costs, thanks to commercial production of sugarcane in major areas of North America region.
  • Indian finance minister recently announced a $1.4 trillion investment in infrastructure over 2019-2024 period. Similar investments across Asia Pacific, North America will emerge as a major opportunity for players in the ethylene propylene diene monomer market.

Key Impediments for Ethylene Propylene Diene Monomer Market Players

  • Despite significant material advancements with bio-materials, the poor compatibility with oils like kerosene, aromatic, and aliphatic hydrocarbons, and oils continue to be a restraint for growth in the ethylene propylene diene monomer market.
  • Additionally, the in-mold vulcanized bonding process towards creation of substrates also poses challenges for players in the ethylene propylene diene monomer market.

View Detailed Table of Contents at https://www.transparencymarketresearch.com/report-toc/1285

Ethylene Propylene Diene Monomer Market: Region-wise Analysis

The EPDM market promises to make significant expansion in emerging region of Asia Pacific during 2019-2027 period. The growing demand for automobiles, rising investment in infrastructure, and key initiatives in major economies like India, and China are expected to drive growth. The growing acquisitions, and manufacturing capacity expansion in the region are also notable as they promise a higher commercialization of EPDM products in near future.

The growth in Europe, and North America will likely remain robust, thanks to dynamic shifts in auto-manufacturing. The growing automation, and adoption of electric vehicles will create new opportunities for growth in the EPDM market in the region. The bio-based materials will also lead to positive adoption of products in regions like Europe, where stringent environmental regulations open up new business opportunities.

Analyse ethylene propylene diene monomer market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study.

Competition Landscape

According to the TMR study, the competitive landscape of the EPDM market is competitive and consolidated. Six key players in the market make up for 70% of the market share. The players in the market continue to engage in robust innovations to drive growth. For example, in 2018, Johns Manville introduced EPDM membrane sheet, which showcased the tape-to-tape technology. The technology promises to increase installation speeds by four fold, and lowered waterproofing costs significantly. The rising competition in the EPDM market promise to expand the market to new regions. Some key players in the EPDM market are Lanxess AG, Exxon Mobil Corporation, Mitsui Chemicals Inc., DowDuPont Inc, and Lion Elastomers.

Transparency Market Research has segmented the ethylene propylene diene monomer market based on application, and regions.

Ethylene Propylene Diene Monomer (EPDM) Market: Taxonomy

Application

  • Building & Construction
  • Electrical Insulation
  • Automotive
  • Plastic
  • Lubricant Additives
  • Others

Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Explore Transparency Market Research's award-winning coverage of the global Chemicals and Materials Industry,

Formaldehyde Market - The formaldehyde market is expected to expand at a CAGR of ~3% during the forecast period. Despite stringent regulations pertaining to the use of formaldehyde, the uptake of formaldehyde is expected to be driven by the growing adoption of urea-formaldehyde and phenol formaldehyde resins.

PE Blow Molded Products Market - In terms of value, the PE blow molded products market is anticipated to expand at a CAGR of 4.5% during the forecast period and reach value of ~US$ 80.4 Bn by 2027

Metal Scavenging Agents Market - In terms of value, the global metal scavenging agents market is anticipated to expand at a CAGR of ~4% during the forecast period, to reach value of US$ 20.4 Mn by 2027.

Industrial Absorbents Market - The oil & gas segment is anticipated to present lucrative opportunities to the global industrial absorbents market during the forecast period, due to the increasing demand for oil-only absorbent products across the globe.

Conductive Plastic Compounds Market - The global conductive plastic compounds market is expected to expand at a significant pace during the forecast period, driven by the increase in the production of electrical components and electronic devices.

Gain access to Market Ngage, an AI-powered, real-time business intelligence that goes beyond the archaic research solutions to solve the complex strategy challenges that organizations face today. With over 15,000+ global and country-wise reports across 50,000+ application areas, Market Ngage is your tool for research on-the-go. From tracking new investment avenues to keeping a track of your competitor's moves, Market Ngage provides you with all the essential information to up your strategic game. Power your business with Market Ngage's actionable insights and remove the guesswork in making colossal decisions.

About Transparency Market Research

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

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing 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
USA - Canada Toll Free: 866-552-3453
Email: [email protected] 
Website: http://www.transparencymarketresearch.com 

SOURCE Transparency Market Research

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