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Global EPDM Rubber Market Expected To Grow At A CAGR
Of 5.8% From 2015 To 2018
Date: 2016-07-27
EPDM rubber (ethylene propylene diene monomer (M-class) rubber), a type of synthetic
rubber, is an elastomer characterized by a wide range of applications. Dienes currently
used in the manufacture of EPDM rubbers are dicyclopentadiene (DCPD), ethylidene
norbornene (ENB), and vinyl norbornene (VNB). EPDM rubber is closely related to ethylene
propylene rubber (ethylene propylene rubber is a copolymer of ethylene and propylene,
whereas EPDM rubber is a terpolymer of ethylene, propylene, and a diene-component).
EPDM exhibits satisfactory compatibility with fireproof hydraulic fluids, ketones, hot and
cold water, and alkalis and exhibits unsatisfactory compatibility with most oils, gasoline,
kerosene, aromatic and aliphatic hydrocarbons, halogenated solvents, and concentrated
acids. The main properties of EPDM are its outstanding heat, ozone, and weather
resistance. The resistance to polar substances and steam are also good. It has excellent
electrical insulating properties. It has good resistance to ketones, ordinary diluted acids,
and alkalies. Based on these characteristics, EPDM rubber is widely used in Automotive,
Building & construction, Tires and Tubes, Wires & Cables, Lubricant Additives and Other.
Global EPDM Rubber Market Share, by Application, 2014
As can be seen from the chart, Automotive and Building & construction occupied the main
market in 2014, and based on this demand, this market share will continue to maintain in
the next few years.
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According to the marketsandmarkets forecast, the global EPDM rubber market is projected
to reach over USD 6.0 billion by 2018 from USD 5.1 billion in 2014, and growing at a CAGR
of 5.8% from 2015 to 2018. In the terms of region, Asia-Pacific is the largest market for
EPDM rubber, accounting for around 40% of the global market size in 2014, by value and
volume, followed by North America and Europe. Based on the countries, China accounted
for the largest market share in 2014, followed by U.S., Malaysia is the world’s fastest
growing market, and may be beyond China in the near future.
With the development of the automobile and construction industries, the demand of EPDM
rubber in the world is increasing, many manufacturers are optimistic about its market
prospects, constantly expand scale. Some of the major contenders in the market is
covered by Petrochina Co. Ltd. (China), SK Global Chemical (Korea), ExxonMobil Chemical
(U.S.), Mitsui Chemicals (Japan), Kumho Polychem (Korea), JSR Corporation (Japan),
Lanxess AG (Germany), Dow Elastomers (U.S.) and others.
Read Full Report: http://www.gosreports.com/global-epdm-rubber-industry-2015-marketresearch-report/
Joanna | Executive – International Business and partner Relations
E-mail: info@gosreports.com | Tel: 1-510-400-8520
Web: www.gosreports.com
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