Ethylene Propylene Diene Monomer (EPDM) Market size was valued over USD 2.68 billion in 2015 and is forecast to experience gains exceeding 5% up to 2024. Global EPDM market share is highly competitive. Major industry includes Petrochina Co. Ltd., Versalis, Exxonmobil Chemical Company, SK Global Chemical Co. Ltd., and Mitsui Chemicals Inc. Growing automotive industry, accompanied with increasing range of applications within the domain is anticipated to propel the global EPDM market size growth over the forecast timeframe.

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Ethylene Propylene Diene Monomer (EPDM) Market
Size, Share and Forecast 2016-2024
EPDM Market size worth $4.28 billion by 2024 Market size: USD 2.68 billion in 2015
Market size Projected: USD 4.28 billion by 2024
Gain rate expected: Exceeding 5% up to 2024

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 Ethylene Propylene Diene Monomer (EPDM) Market size is expected to reach USD
4.28 billion by 2024; according to a new research report by Global Market Insights, Inc.
Global EPDM market size is mainly categorized on primary applications which include
construction, electrical & electronics, plastics, automotive, lubricant additives, and others.
Automotive dominated the application base and accounted for over 40% of the global
EPDM market share in 2015.
It is widely used in manufacturing automobile components such as bumpers, door seals,
and braking system. Growing consumer demand for automotive and wide range of
applications in this space is likely to ensure continued gains in this sector.
Construction, on the other hand is expected to help demand grow rapidly (over 6%) in
terms of revenue by 2024. Increasing construction spending in BRIC nations is anticipated
to propel EPDM market share for construction applications.
Global Market Scenario of EPDM Industry

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Along with the above applications, increasing potential for polymer modification in the
industrial sector will boost demand. Global personal & commercial automotive sales were
approximately 90 million units in 2015.
It is also a key raw material used in plastic modification in thermoplastic olefins (TPO)
and thermoplastic vulcanizates (TPV). Light-weight and increased strength characteristics
of TPO make it attractive for automotive and construction sectors. This in turn helps the
automotive industry to abide by various stringent government regulations aimed at
reducing carbon emissions produced by vehicles.
Global production capacity has witnessed steady expansion by industry players, resulting
in product oversupply, which may hinder EPDM market price trends. Petroleum based
products are required in production and therefore fluctuating crude oil prices may
negatively impact industry growth. However, the development & commercialization of bio
based EPDM products is anticipated to provide new industry growth opportunities in the
near future.
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Product Analysis:-
Plastic plays a vital role in various end user industries. It is one of the major raw materials used in
plastic modification application, primarily employed in the polymer modification process for
olefinic thermoplastic elastomers such as thermoplastic olefin (TPO) and thermoplastic
vulcanizates (TPV).
Global TPO market size was more than 950 kilo tons in 2015 and is projected to surpass 1500 kilo
tons by 2024. TPVs are polymeric compounds that demonstrate elastomeric properties over a wide
temperature range and thermoplastic behavior at the melt temperature.
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Regional Analysis:
Automotive EPDM market size was valued at over USD 1.07 billion in 2015. Apart from steel, aluminum
and other synthetic rubbers, it is one of the key raw materials used in automotive component production.
Construction applications are projected to expand at over 5% CAGR in terms of revenue. Owing to its
extraordinary resistance to heat, cold, sunlight, and air pollution, this polymer has seen an ever increasing
demand for roofing purposes which is in turn anticipated to boost EPDM market share further in the
construction industry.
Competitive Analysis:
Global EPDM market share is highly competitive. Major industry includes Petrochina Co. Ltd.,
Versalis, Exxonmobil Chemical Company, SK Global Chemical Co. Ltd., and Mitsui Chemicals Inc.
Other significant market share contributors are Carlisle Companies Inc., DOW Elastomers, John
Manville Inc., JSR Corporation, Kumho Polychem Co. Ltd., Lanxess AG, Lion Copolymer LLC, OAO
Nizhnekamskneftekhim, and Sumitomo Chemical Co. Ltd.
Although there is a lot of captive consumption of raw materials, there is also a boost in raw
material markets due to increasing demand. Along with Chinese companies, the degree of competition
is anticipated to remain high over the duration of the forecast period.
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