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Ethylene Propylene Diene Monomer (EPDM) Market Size (2024 - 2029)

The Ethylene Propylene Diene Monomer market is projected to experience growth over the forecast period, driven by increasing demand from the construction and electric vehicle sectors. Despite challenges posed by oil price fluctuations due to its petroleum-based origins, the market has rebounded to pre-pandemic levels. The development of bio-based alternatives presents new opportunities, while the Asia-Pacific region remains a dominant force in the market.

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Market Size of Ethylene Propylene Diene Monomer (EPDM) Industry

Ethylene Propylene Diene Monomer (EPDM) Market Summary
Study Period 2019 - 2029
Market Volume (2024) 1.84 Million tons
Market Volume (2029) 2.24 Million tons
CAGR (2024 - 2029) > 4.00 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration High

Major Players

Ethylene Propylene Diene Monomer (EPDM) Market Major Players

*Disclaimer: Major Players sorted in no particular order

Ethylene Propylene Diene Monomer Market Analysis

The Ethylene Propylene Diene Monomer Market size is estimated at 1.84 Million tons in 2024, and is expected to reach 2.24 Million tons by 2029, growing at a CAGR of greater than 4% during the forecast period (2024-2029).

The COVID-19 pandemic had a negative impact on the market in 2020. However, the market has now been estimated to have reached pre-pandemic levels.

  • Over the medium term, the major factor driving the growth of the market studied is the growing demand from the construction industry and the growth in the electric vehicles market.
  • Since EPDM is derived from petroleum-based raw materials, the fluctuations in oil prices can restrain the market studied.
  • The emergence of bio-based EPDM can be seen as an opportunity for the market studied.
  • Asia-Pacific dominated the market and is expected to continue its dominance during the forecast period.

Ethylene Propylene Diene Monomer Industry Segmentation

Ethylene Propylene Diene Monomer (EPDM) is a copolymer, and its elastomers exhibit properties like heat, ozone/weathering, and aging resistance. It is used in the automotive industry, roofing, and waterproofing for various applications. The ethylene propylene diene monomer (EPDM) market is segmented by manufacturing process, application, and geography. By manufacturing process, the market is segmented into solution polymerization process, slurry/suspension process, and gas-phase polymerization process. By application, the market is segmented into automotive, building and construction, manufacturing, electrical and electronics, and other applications. The report also covers the market size and forecasts for the ethylene propylene diene monomer (EPDM) in 15 countries across major regions. For each segment, the market sizing and forecasts have been done based on volume (Tons).

Manufacturing Process
Solution Polymerization Process
Slurry/Suspension Process
Gas-phase Polymerization Process
Application
Automotive
Building and Construction
Manufacturing
Electrical and Electronics
Other Applications
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Ethylene Propylene Diene Monomer (EPDM) Market Size Summary

The ethylene propylene diene monomer (EPDM) market is poised for growth, driven primarily by increasing demand from the construction and electric vehicle sectors. EPDM, a copolymer used extensively in the automotive industry for applications such as weatherstripping and sealing systems, benefits from its resistance to abrasion and tensile strength, making it a preferred choice in various automotive applications. The market's recovery from the COVID-19 pandemic has been robust, reaching pre-pandemic levels, with Asia-Pacific leading the charge due to its strong automotive and construction industries. However, the market faces challenges from fluctuations in oil prices, given its reliance on petroleum-based raw materials, while the emergence of bio-based EPDM presents new opportunities.

The Asia-Pacific region continues to dominate the EPDM market, supported by its thriving automotive and construction sectors. China, with the largest automotive manufacturing industry globally, and India, with its rapidly growing construction industry, are key contributors to this dominance. The region's economic activities, including the robust performance of the Japanese electronics industry, further bolster the demand for EPDM. The market is consolidated, with major players like Dow, ARLANXEO, and Exxon Mobil Corporation holding significant shares. Recent strategic moves, such as distribution agreements in Canada and Turkey, highlight ongoing efforts to expand market reach and product availability.

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Ethylene Propylene Diene Monomer (EPDM) Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Growing Demand from the Construction Industry

      2. 1.1.2 Growth in the Electric Vehicles Market

    2. 1.2 Restraints

      1. 1.2.1 Fluctuations in the Oil Prices

      2. 1.2.2 Other Restraints

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter Five Forces

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size in Value)

    1. 2.1 Manufacturing Process

      1. 2.1.1 Solution Polymerization Process

      2. 2.1.2 Slurry/Suspension Process

      3. 2.1.3 Gas-phase Polymerization Process

    2. 2.2 Application

      1. 2.2.1 Automotive

      2. 2.2.2 Building and Construction

      3. 2.2.3 Manufacturing

      4. 2.2.4 Electrical and Electronics

      5. 2.2.5 Other Applications

    3. 2.3 Geography

      1. 2.3.1 Asia-Pacific

        1. 2.3.1.1 China

        2. 2.3.1.2 India

        3. 2.3.1.3 Japan

        4. 2.3.1.4 South Korea

        5. 2.3.1.5 Rest of Asia-Pacific

      2. 2.3.2 North America

        1. 2.3.2.1 United States

        2. 2.3.2.2 Canada

        3. 2.3.2.3 Mexico

      3. 2.3.3 Europe

        1. 2.3.3.1 Germany

        2. 2.3.3.2 United Kingdom

        3. 2.3.3.3 France

        4. 2.3.3.4 Italy

        5. 2.3.3.5 Rest of Europe

      4. 2.3.4 South America

        1. 2.3.4.1 Brazil

        2. 2.3.4.2 Argentina

        3. 2.3.4.3 Rest of South America

      5. 2.3.5 Middle-East and Africa

        1. 2.3.5.1 Saudi Arabia

        2. 2.3.5.2 South Africa

        3. 2.3.5.3 Rest of Middle-East and Africa

Ethylene Propylene Diene Monomer (EPDM) Market Size FAQs

The Ethylene Propylene Diene Monomer Market size is expected to reach 1.84 million tons in 2024 and grow at a CAGR of greater than 4% to reach 2.24 million tons by 2029.

In 2024, the Ethylene Propylene Diene Monomer Market size is expected to reach 1.84 million tons.

Ethylene Propylene Diene Monomer Market Report Snapshots

Ethylene Propylene Diene Monomer Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)