Home Services Industry Services Press Releases About Us Blogs Report Store Contact us

Ethylene Propylene Diene Monomer Market Size to Reach USD 7.8 Billion by 2032

15 Jan 2025
Acumen Research and Consulting
Chemicals And Materials

Ethylene Propylene Diene Monomer Market, valued at USD 4.6 Billion in 2023, is projected to surpass USD 7.8 Billion by 2032, indicating a robust CAGR of 6.3%

Growing demand from Asia-Pacific, combined with advances in R&D investments, is likely to drive the EPDM market. Furthermore, the need for bio-based goods is expected to drive market growth throughout the forecast period. EPDM, a synthetic elastomer, is made by combining propylene and ethylene to form a copolymer, which is then cross-linked with pendant dienes. This type of synthetic rubber is noted for its high resistance to heat, ozone, fluids, and oxidizing agents. It also withstands weak acids, synthetic brake fluids, water, ethylene glycol, and other liquids. EPDM's global demand is expected to climb in the future years as it finds new applications in industries including as automotive and construction. Typically, EPDM is manufactured from oil-derived feedstock like ethylene and propylene.

Ethylene Propylene Diene Monomer Market Statistics

The global ethylene propylene diene monomer market is divided based on manufacturing process, application and region. Regionally, the market is segmented into Europe, Latin America, North America, the Middle East and Africa, and Asia-Pacific.

However, environmental concerns and regulatory pressures regarding the production and disposal of synthetic polymers became a restraint for ethylene propylene diene monomer market. Furthermore, increasing focus on green and sustainable materials creating demand for eco-friendly EPDM solutions prompted the market.

Ethylene Propylene Diene Monomer Market Statistics

  • The global ethylene propylene diene monomer market, generating USD 4.6 Billion in 2023, projects a robust CAGR exceeding 6.3% from 2024 to 2032
  • Asia-Pacific leads the EPDM market with a USD 1.9 billion of revenue in 2023
  • Asia-Pacific region is expected to rise with fastest CAGR of 7%
  • Based on manufacturing process, solution polymerization process sub-segment anticipated to show notable growth in 2023
  • Based on application, automotive sub-segment expected to generated 42% share in 2023
  • A discernible trend in the ethylene propylene diene monomer market is advancements in EPDM recycling and sustainability practices

Access Table Of Content: https://www.acumenresearchandconsulting.com/ethylene-propylene-diene-monomer-market 

Ethylene Propylene Diene Monomer Market Dynamics

Growth in the Construction Industry Driving the Need for EPDM Roofing Membranes Fuels the Ethylene Propylene Diene Monomer Market Value

The growing building sector is driving increased demand for ethylene propylene diene monomer (EPDM) roofing membranes. As the global construction industry expands, so does the demand for durable, weather-resistant, and energy-efficient roofing solutions. EPDM membranes, known for their superior weatherability, flexibility, and longevity, are gaining popularity in roofing applications. This growing utilization is driving the EPDM market's worth. Furthermore, the emphasis on environmentally friendly building materials is increasing the attraction of EPDM because to its recyclability and low impact. As a result, the construction boom is directly impacting the expansion of the EPDM industry.

Expanding Applications in the Renewable Energy Sector, Such As In Solar Panel Installations Offer Significant Ethylene Propylene Diene Monomer Market Opportunity

The renewable energy sector, particularly solar panel installations, presents enormous development opportunities for the ethylene propylene diene monomer Market. EPDM's exceptional durability, weather resistance, and flexibility make it an ideal material for solar panel seals and gaskets. As global demand for renewable energy sources rises, the need for long-lasting materials in solar infrastructure becomes increasingly important. EPDM's resilience to extreme temperatures and UV radiation extends the life and efficiency of solar panels. As a result, the growing usage of solar energy increases demand for EPDM, opening up huge market opportunities for manufacturers and suppliers.

Ethylene Propylene Diene Monomer Market Segmentation

The global market for ethylene propylene diene monomer (EPDM) has been segmented into, manufacturing process and applications, and region.

  • Manufacturing process are divided into solution polymerization process, slurry/suspension process, and gas-phase polymerization process
  • Applications are categorized into building & construction, wires & cables, electrical & electronics, lubricant additive, plastic modifications, automotive, tires & tubes, and others
  • North America, Latin America, Europe, APAC, and the Middle East and Africa are the regional splits of ethylene propylene diene monomer market

Ethylene Propylene Diene Monomer Market Regional Outlook

In terms of ethylene propylene diene monomer market analysis, the Asia-Pacific region now holds the largest market share, which is expected to grow further due to rising demand for products from major industries such as automotive, construction, and electronics. For instance, according to Invest India, 54 global innovative construction technologies were recognized as part of PMAY-U's Technology Sub-Mission to usher in a new era in the Indian construction technology sector. In recent years, major international corporations have made substantial investments in Asia-Pacific's manufacturing sector. Companies in Northeast Asia are particularly interested in encouraging economic growth in crucial sectors such as raw material extraction, manufacturing, and services. As a result, the region's governments have transformed rural enterprises into well-equipped, world-class manufacturing facilities through protectionist policies, financial investments, and regulatory support. Furthermore, cheap labor costs and proximity to raw material suppliers are enticing investors. China, Indonesia, South Korea, India, and Taiwan are likely to lead the Asia-Pacific EPDM market over the projection period. Globally, China is a major producer and consumer of EPDM.

Ethylene Propylene Diene Monomer Market Players

Ethylene propylene diene monomer (EPDM) companies profiled in the report include Mitsui Chemicals, Inc., Sumitomo Chemical Co., Ltd, Dow, Inc, Carlisle Companies Incorporated, Johns Manville, Exxon Mobil Corp, Lion Elastomers, West American Rubber Company LLC, Kumho Polychem, and Firestone Building Products Company, LLC.

Enquire Before Buying https://www.acumenresearchandconsulting.com/inquiry-before-buying/1050 

Receive our personalized services and customization by clicking here https://www.acumenresearchandconsulting.com/request-customization/1050 

Mr. Richard Johnson

Acumen Research and Consulting

India: +91 8983225533

E-mail: [email protected]

Acumen Research and Consulting

Contact Us

Would you like to get in touch? We'll be happy to talk!

Press Contact