Articles

Browse Articles  »  Business  »  Ethylene Propylene Diene Monomer (EPDM) Market...

Ethylene Propylene Diene Monomer (EPDM) Market Size, Share, Growth and Trend Analysis Report

by Susan Hill Business Consultant

The global ethylene propylene diene monomer market size is expected to reach USD 6.46 billion by 2025 expanding at a CAGR of 6.5%, according to Grand View Research, Inc. The market is mainly driven by rising demand for bio-based products and R&D investments in the field. High demand for ethylene propylene diene monomer (EPDM), mainly in Asia Pacific region due to expanding end-use industries like automotive and construction, is also propelling the market growth. Increasing spending on construction and infrastructure development by federal governments due to growing population along with rapid urbanization and industrialization in developing economies will also support market growth.

Thus, growing construction activities, particularly in China and India, are expected to augment the product demand in infrastructure and construction applications. However, EPDM is expected to witness the maximum demand from the automotive application segment on account of their non-reflective and premium-quality finish. EPDM can also be used in electrical cable joints and roofing membranes as it does not pollute the runoff rainwater, thereby improving the efficiency of rainwater harvesting. All these factors together are creating lucrative growth opportunities for the global market in automotive sector.

Further key findings from the study suggest:

  • Asia Pacific was the dominant regional market in 2017 and is anticipated to expand further at the highest CAGR of 5.7% during the forecast period

  • China is among the fastest-growing countries in the market on account of availability of potential growth opportunities for the manufacturers

  • Rapidly expanding automotive sector in the country is also contributing to the growth of the global EPDM market

  • Extensive R&D activities for the development of bio-based products have led to the creation of several improved grades, which is expected to create lucrative growth opportunities for the EPDM market in near future

Access full research report on global ethylene propylene diene monomer market: 
www.grandviewresearch.com/industry-analysis/ethylene-propylene-diene-monomer-epdm-market


Sponsor Ads


About Susan Hill Senior   Business Consultant

145 connections, 2 recommendations, 567 honor points.
Joined APSense since, September 25th, 2017, From California, United States.

Created on Oct 24th 2019 07:13. Viewed 240 times.

Comments

No comment, be the first to comment.
Please sign in before you comment.