The synthetic rubber EPDM, also known as ethylene propylene diene monomer, is a versatile material utilised in many industries, including as the HVAC (heating, ventilation, and air conditioning) industry and the construction industry. Because EPDM is a copolymer of ethylene, propylene, and diene monomers, it has several advantageous characteristics, including good heat and ageing resistance.
Due to its outstanding resistance to external variables including UV rays and weather, it has become a popular material in building and construction applications. In addition to its other benefits, such as its superior electrical insulation and greater water resistance than any other rubber on the market, EPDM is poised to replace other types of rubber in HVAC applications.
Ethylene Propylene Diene Monomer Market: Regional Outlook
Six key regions are covered in the study on the worldwide EPDM market: North America, Europe, Latin America, East Asia, South Asia & Oceania, and MEA. China is becoming a major user of EPDM, accounting for more than one-fourth of the global consumption in 2019. This is due to China’s automotive industry’s steady growth. It is anticipated that China would continue to rule over other nations over the projection period. East Asia, which is supported by China and Japan, has led the global EPDM market in 2019 and is expected to continue to do so.
COVID Impact Analysis on Ethylene Propylene Diene Monomer Market
Nearly all nations have been compelled to enact lockdowns and stringent social isolation policies because to the coronavirus’s global spread. Due to this, practically all production facilities worldwide had to close. All international action impacting supply-demand equations has been put on hold due to coronavirus spread.
The market for EPDM has been impacted by the widespread fear of the coronavirus. As part of the new normal, a significant portion of individuals work from home, which has resulted in a 70–80% fall in car sales. Since the automotive industry is the main consumer of EPDM, this will directly affect the market.
Ethylene Propylene Diene Monomer Market Competition:
Prominent businesses like Evonik Industries, Dow, and Lanxess offer a variety of EPDM products for specialised uses in order to address the growing need for EPDM for a variety of applications. For instance, Dow provides EPDM under the trademark NORDEL, which comes in a variety of densities and shapes depending on the application. Increased use of EPDM as a polymer blend will present profitable potential for market players. EPDM is often utilised in blends with other polymers to improve the product’s qualities.
The research study provides a thorough analysis of the EPDM market and is filled with insightful observations, relevant data, historical information, and market statistics that have been verified by the relevant industries. It also includes estimates made utilising the appropriate methodology and set of assumptions.
EPDM Market: Key Players
- BRP Manufacturing Dow Chemical
- Mitsui Chemicals
- Exxon Mobil Corporation
- LANXESS AG
- Evonik Industries AG