Pune, India -- (SBWIRE) -- 05/10/2018 -- Ethylene Propylene Diene Monomer Market – Overview

Ethylene Propylene Diene Monomer or EPDM exhibit excellent properties and are predominantly utilized in various end use application such as tubing, weather seal, lubricant additive, thermoplastic vulcanizes, electrical insulation, roofing membrane, and others. EPDM market is estimated to witness modest growth due to their utilization in various end use industries specifically in building & construction, automotive, and plastic industry. On the basis of the end use industry segment, automotive is predicted to register strong growth followed by building & construction on account of increasing per capita disposable income along with expanding plastic industry in emerging countries across the globe. Moreover, increasing automotive manufacturing along with burgeoning need for high quality durable material is estimated to propel the growth of the market over the estimated period.

Geographically, Asia Pacific accounted for the leading market share for Ethylene Propylene Diene Monomer in 2016, followed by North America which is further trailed by Europe. The North American EPDM market is estimated to witness moderate growth during the review period owing to healthy growth of packaging and healthcare division in this region. In North America, the market is further segmented into Canada and the U.S., among them the U.S. is predicted to hold major regional market share of Ethylene Propylene Diene Monomer on account of moderate presence of important manufacturers in this region. Asia Pacific is estimated to witness tremendous growth over the forecast period in Ethylene Propylene Diene Monomer Market during 2017 to 2023. The demand for EPDM is estimated to propel in various countries of Asia Pacific such as the Philippines, Japan, India, Taiwan, and China on account of rising population along with shifting of production units for most of the significant market players in this region.

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In Europe, EPDM market is expected to register steady growth owing to shifting consumer preference towards the EPDM based plastic products coupled with the rising usage in numerous end use industries specifically in Spain, UK, Germany, and Russia. Additionally, various countries of Latin America and the Middle East & Africa are predicted to witness above average growth in EPDM on account of rising disposable income along with sales of EPDM based product specifically in Mexico and Brazil along with rising construction activities specifically in Qatar, Saudi Arabia, Kuwait, and the UAE.

Industry/ Innovation/ Related News:

February 2018- Arlanxeo, the Netherland based organization announced to established an agreement with Saudi Aramco products trading company, a Saudi Arabia based supplier to supply company's EPDM rubber. This agreement will help company to expand its activities in the EPDM rubber field.

September 2015- Lion Elastomers announced to establish a distribution agreement with the subsidiaries of Omya's group. In this agreement Omya will supply ethylene propylene diene monomer rubber and SBR rubber in the Canada, Europe, and U.S.

November 2016- Versalis, an Italy based organization is announced to build a new plant in Northern Italian province of Ferrara. The company is predicted to spend around USD 248 Million in the expansion of plant. Company is expected to increase their EPDM production capacity up to 130 thousand tons per year.

Competitive Landscape

The Ethylene Propylene Diene Monomer report has analysed the level of competition among the major manufacturers as well as sector growth and market scenario. The Global Ethylene Propylene Diene Monomer Market includes large number of producers operating in the market which comprises large scale and medium scale manufacturers. The noticeable manufacturers of Ethylene Propylene Diene Monomer and medium level producers which has robust hold in the market have shifted their focus towards growth association specifically by Asia Pacific as small level and medium level suppliers belongs to this region specifically from India, Bangladesh, South Korea, the Philippines, Taiwan, Singapore, China, Malaysia, Thailand Australia, Indonesia, and Japan. Moreover, the major manufacturers of Ethylene Propylene Diene Monomer are following various strategic plans to enhance their product portfolio such as strategic acquisition and mergers, joint ventures, product launches, and exclusive agreements. Some of the prominent producers in this market are expected to improve their production capacity of Ethylene Propylene Diene Monomer to meet the growing demand for ethylene propylene diene monomer worldwide.

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