The EPDM market size is estimated to be USD 3.9 billion in 2023, and it is projected to reach USD 5.2 billion by 2028 at a CAGR of 5.9%. The growing automotive sector in the APAC region is fueling growth in the EPDM market throughout the forecast period. Additionally, advancements in eco-friendly production technologies for EPDM and the increasing demand for electric and hybrid vehicles present fresh opportunities within the EPDM market landscape.
Scope of the Report
Years Considered for the Study
2017-2028
Base Year
2022
Forecast Period
2023-2028
Units Considered
Value (USD Million/Billion)
Segments
Manufacturing Process, Application, and Region
Regions covered
Asia Pacific, North America, Europe, South America, and Middle East & Africa
EPDM stands for Ethylene Propylene Diene Monomer. It is a synthetic rubber compound widely used in various applications due to its excellent resistance to weathering, ozone, heat, and chemicals. EPDM is commonly employed in automotive parts, electrical insulation, roofing membranes, seals, and gaskets, among other industrial and commercial uses.
" Solution Polymerization Process is the fastest growing manufacturing process segment of the EPDMs market."
The solution polymerization process emerges as the most rapidly expanding segment in EPDM manufacturing during the forecast period. EPDM is predominantly manufactured using a polymerization-in-solution technique, chosen for its capacity to tailor products to meet precise design requirements.
"Automotive is the fastest growing application segment of the EPDMs market."
In terms of application, the automotive sector is projected to witness the most rapid growth within the EPDM market throughout the forecast period. Notably, China, India, Japan, and other South Asian countries play significant roles in automotive production. Technological advancements and innovation in the automotive sector are poised to bolster market growth. The Asian automotive industry is anticipated to rebound by the conclusion of 2022, with notable progress expected in the Chinese automotive sector. According to the China Association of Automobile Manufacturers (CAAM), car production saw a 3% year-on-year increase in 2021, with New Energy Vehicles (NEVs) forecasted to represent 25% of sales by 2026. The evolving regulatory landscape and government initiatives supporting Electric Vehicles (EVs) are further propelling growth within the EPDM market.
"APAC is the fastest-growing market for EPDMs."
The Asia-Pacific region emerges as the fastest-growing EPDM market during the forecast period. Encompassing China, Japan, India, South Korea, Indonesia, and Malaysia, the APAC region stands as a key hub for EPDM production and consumption. Notably, the automotive industry serves as the primary consumer of EPDM, employing it in a range of applications such as weather-sealing, hoses, gaskets, and under-the-hood components. China, a significant global player in both EPDM production and consumption, contributes substantially to market dynamics. With a majority of EPDM producers situated in the Asia-Pacific, the region solidifies its dominance in the EPDM market. Furthermore, ongoing construction projects and consistent growth in the automotive sector serve as key drivers propelling the EPDM market forward in the region.
The breakdown of primary interviews is given below:
By Company Type: Tier 1 - 25%, Tier 2 - 42%, and Tier 3 -33%
By Designation: C-Level Executives - 20%, Directors - 30%, and Others - 50%
By Region: North America - 20%, Europe - 10%, APAC - 40%, Middle East & Africa - 20%, and South America - 10%
The companies profiled in this market research report include are ARLANXEO (Netherlands), DOW (US), Exxon Mobil Corporation (US), Kumho Polychem (South Korea), PetroChina Company Limited (China), Versalis S.p. A. (Italy), SK geo centric Co., Ltd. (South Korea), ENEOS Holdings, Inc. (Japan), and Mitsui Chemicals, Inc. (Japan), and others.
Research Coverage
The EPDM market has been segmented based on manufacturing process, application, and region. This report covers the EPDM market and forecasts its market size until 2028. It also provides detailed information on company profiles and competitive strategies adopted by the key players to strengthen their position in the EPDM market. The report also provides insights into the drivers and restraints in the EPDM market along with opportunities and challenges. The report also includes profiles of top manufacturers in the EPDM market.
Reasons to Buy the Report
The report is expected to help market leaders/new entrants in the following ways:
1.This report segments the EPDM market and provides the closest approximations of revenue numbers for the overall market and its segments across different verticals and regions.
2.This report is expected to help stakeholders understand the pulse of the EPDM market and provide information on key market drivers, restraints, challenges, and opportunities influencing the market growth.
3.This report is expected to help stakeholders obtain an in-depth understanding of the competitive landscape of the EPDM market and gain insights to improve the position of their businesses. The competitive landscape section includes detailed information on strategies, such as acquisitions, expansions, new product developments, and partnerships/collaborations/agreements.
The report provides insights on the following pointers:
Analysis of key drivers (Growing automotive industry, and increasing use of EPDM polymer in the blended products), restraints (Availability of substitutes for EPDM), opportunities (Growth in electric vehicles expected to provide new revenue streams for EPDM manufacturers, and development of environment-friendly technology for EPDM production), and challenges (Anti-dumping duties imposed by china, and difficulties in recycling EPDM) influencing the growth of the EPDM market
Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the EPDM market
Market Development: Comprehensive information about lucrative markets - the report analyses the EPDM market across varied regions.
Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the EPDM market
Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like ARLANXEO (Netherlands), DOW (US), Exxon Mobil Corporation (US), Kumho Polychem (South Korea), PetroChina Company Limited (China), Versalis S.p. A.(Italy), SK geo centric Co., Ltd. (South Korea), ENEOS Holdings, Inc. (Japan), and Mitsui Chemicals, Inc. (Japan) and others.
TABLE OF CONTENTS
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.2.1 INCLUSIONS AND EXCLUSIONS
1.3 MARKET SCOPE
FIGURE 1 EPDM: MARKET SEGMENTATION
1.3.1 REGIONS COVERED
1.3.2 YEARS CONSIDERED
1.4 CURRENCY CONSIDERED
1.5 STAKEHOLDERS
1.6 UNITS CONSIDERED
1.7 LIMITATIONS
1.8 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
FIGURE 2 EPDM MARKET: RESEARCH DESIGN
2.1.1 SECONDARY DATA
2.1.1.1 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Key data from primary sources
2.1.2.2 Key industry insights
2.1.2.3 Breakdown of interviews with experts
2.2 MARKET SIZE ESTIMATION
2.2.1 SUPPLY-SIDE ESTIMATION: BASED ON SYNTHETIC RUBBER MARKET
FIGURE 3 SUPPLY-SIDE ESTIMATION: BASED ON SYNTHETIC RUBBER MARKET
2.2.2 DEMAND-SIDE ESTIMATION: BASED ON TOTAL AUTOMOBILE PRODUCTION
FIGURE 4 DEMAND-SIDE ESTIMATION: TOTAL AUTOMOBILE PRODUCTION (2022)
2.3 DATA TRIANGULATION
FIGURE 5 EPDM MARKET: DATA TRIANGULATION
2.4 RESEARCH ASSUMPTIONS AND LIMITATIONS
2.4.1 ASSUMPTIONS
2.4.2 LIMITATIONS
2.5 RECESSION IMPACT
2.6 RISK ASSESSMENT
2.7 GROWTH RATE ASSUMPTIONS
3 EXECUTIVE SUMMARY
FIGURE 6 AUTOMOTIVE SEGMENT ACCOUNTED FOR LARGEST SHARE IN 2022
FIGURE 7 SOLUTION POLYMERIZATION PROCESS SEGMENT ACCOUNTED FOR LARGEST SHARE IN 2022
FIGURE 8 MARKET IN ASIA PACIFIC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN EPDM MARKET
FIGURE 9 GROWING DEMAND FROM END-USE APPLICATIONS TO DRIVE MARKET
4.2 ASIA PACIFIC EPDM MARKET, BY COUNTRY AND APPLICATION, 2022
FIGURE 10 CHINA AND AUTOMOTIVE APPLICATION ACCOUNTED FOR LARGEST SHARES IN ASIA PACIFIC
4.3 EPDM MARKET, BY APPLICATION
FIGURE 11 AUTOMOTIVE APPLICATION TO DOMINATE MARKET DURING FORECAST PERIOD
4.4 EPDM MARKET, BY MANUFACTURING PROCESS
FIGURE 12 SOLUTION POLYMERIZATION TO LEAD MARKET DURING FORECAST PERIOD
4.5 GLOBAL EPDM MARKET, BY KEY COUNTRY
FIGURE 13 CHINA TO RECORD FASTEST GROWTH DURING FORECAST PERIOD
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 14 EPDM MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
5.2.1 DRIVERS
5.2.1.1 Expansion of global automotive sector
5.2.1.2 Increasing use of EPDM polymers in blended products
5.2.2 RESTRAINTS
5.2.2.1 Use of thermoplastic elastomers as substitutes for EPDM
TABLE 1 THERMOPLASTIC ELASTOMERS: TPV AND TPO
5.2.3 OPPORTUNITIES
5.2.3.1 Rising demand for electric vehicles to provide new revenue streams for EPDM manufacturers
TABLE 2 TYPES OF RUBBER PARTS USED IN ELECTRIC VEHICLES AND INTERNAL COMBUSTION ENGINES
5.2.3.2 Development of sustainable technologies for EPDM production
5.2.4 CHALLENGES
5.2.4.1 Anti-dumping duties imposed by China on EPDM import
5.2.4.2 Difficulties in recycling EPDM
5.3 PORTER'S FIVE FORCES ANALYSIS
FIGURE 15 EPDM MARKET: PORTER'S FIVE FORCES ANALYSIS
TABLE 3 EPDM MARKET: PORTER'S FIVE FORCES ANALYSIS
5.3.1 BARGAINING POWER OF SUPPLIERS
5.3.2 BARGAINING POWER OF BUYERS
5.3.3 INTENSITY OF COMPETITIVE RIVALRY
5.3.4 THREAT OF NEW ENTRANTS
5.3.5 THREAT OF SUBSTITUTES
5.4 SUPPLY CHAIN ANALYSIS
FIGURE 16 EPDM MARKET: SUPPLY CHAIN ANALYSIS
5.5 VALUE CHAIN ANALYSIS
FIGURE 17 EPDM MARKET: VALUE CHAIN ANALYSIS
5.6 TARIFF AND REGULATORY LANDSCAPE
5.6.1 TARIFFS RELATED TO EPDM MARKET
TABLE 4 AVERAGE TARIFF RATES, BY COUNTRY, 2022
5.6.2 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 5 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 6 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 7 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.8.1 EPDM ROOFING MEMBRANE IDEAL CHOICE FOR POOLING APPLICATION
5.8.2 EPDM ROOFING MEMBRANE IDEAL CHOICE FOR GREEN ROOF APPLICATION
5.9 MACROECONOMIC OVERVIEW
5.9.1 GLOBAL GDP OUTLOOK
TABLE 9 GLOBAL GDP GROWTH PROJECTION, 2019-2026 (USD BILLION)
5.10 TECHNOLOGY ANALYSIS
5.10.1 KEY TECHNOLOGIES
5.10.1.1 Ziegler-Natta catalyst
5.10.1.2 Metallocene catalysts
5.10.1.3 Ace technology
5.10.1.4 Advanced molecular catalyst technology
5.10.2 COMPLEMENTARY TECHNOLOGIES
5.10.2.1 Bio-based EPDM
5.10.2.2 Nanotechnology
5.11 PRICING ANALYSIS
5.11.1 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY APPLICATION
TABLE 10 AVERAGE SELLING PRICE OF KEY PLAYERS, BY TOP 3 APPLICATIONS (USD/KG)
5.11.2 PRICING ANALYSIS BASED ON REGION
FIGURE 18 EPDM MARKET: AVERAGE SELLING PRICE, BY REGION (USD/KG)
TABLE 11 AVERAGE SELLING PRICE OF KEY PLAYERS, BY REGION, 2022-2028 (USD/KG)
5.12 TRADE ANALYSIS
5.12.1 EXPORT SCENARIO OF EPDM
FIGURE 19 ETHYLENE-PROPYLENE DIENE RUBBER "EPDM," NON-CONJUGATED, IN PRIMARY FORMS OR IN PLATES, SHEETS, OR STRIP (400270) EXPORTS, BY KEY COUNTRY, 2018-2022 (USD MILLION)
5.12.2 MPORT SCENARIO OF EPDM
FIGURE 20 ETHYLENE-PROPYLENE-DIENE RUBBER "EPDM", NON-CONJUGATED, IN PRIMARY FORMS OR IN PLATES, SHEETS, OR STRIP (400270) IMPORTS, BY KEY COUNTRY, 2018-2022 (USD MILLION)
5.13 ECOSYSTEM MAP
TABLE 12 EPDM MARKET: ECOSYSTEM
FIGURE 21 EPDM MARKET: ECOSYSTEM MAP
5.14 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
FIGURE 22 ELECTRIC & HYBRID VEHICLES AND ENVIRONMENT-FRIENDLY PRODUCTS TO ENHANCE FUTURE REVENUE MIX
5.14.1 KEY STAKEHOLDERS IN BUYING PROCESS
FIGURE 23 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR APPLICATIONS
TABLE 13 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP APPLICATIONS (%)
5.14.2 BUYING CRITERIA
FIGURE 24 KEY BUYING CRITERIA FOR TOP APPLICATIONS
TABLE 14 KEY BUYING CRITERIA FOR EPDM FOR TOP APPLICATIONS
5.15 PATENT ANALYSIS
FIGURE 25 NUMBER OF PATENTS GRANTED FOR EPDM, 2013-2023
FIGURE 26 REGIONAL ANALYSIS OF PATENTS GRANTED FOR EPDM, 2013-2023
TABLE 15 PATENTS IN EPDM MARKET, 2022-2023
5.16 WIRES AND CABLES INVESTMENT LANDSCAPE
FIGURE 27 INVESTOR DEALS AND FUNDING IN WIRES AND CABLES SOARED IN 2019
6 EPDM MARKET, BY MANUFACTURING PROCESS
6.1 INTRODUCTION
FIGURE 28 SOLUTION POLYMERIZATION PROCESS TO HAVE LARGEST MARKET SHARE DURING FORECAST PERIOD
TABLE 16 EPDM MARKET, BY MANUFACTURING PROCESS, 2017-2020 (KILOTON)
TABLE 17 EPDM MARKET, BY MANUFACTURING PROCESS, 2021-2028 (KILOTON)
TABLE 18 EPDM MARKET, BY MANUFACTURING PROCESS, 2017-2020 (USD MILLION)
TABLE 19 EPDM MARKET, BY MANUFACTURING PROCESS, 2021-2028 (USD MILLION)
6.2 SOLUTION POLYMERIZATION PROCESS
6.2.1 APPLICATION IN VARIOUS END-USE INDUSTRIES TO DRIVE MARKET
*Details on Business overview, Products/Solutions/Services offered, Recent Developments, MnM view, Key strengths, Strategic choices, Weaknesses and competitive threats might not be captured in case of unlisted companies.