Global EPDM Market Worth $6.5 Billion by 2017
DALLAS, November 20, 2012 /PRNewswire/ --
The report "Global EPDM (Ethylene Propylene Diene Monomer) Market by Application & Geography Trends & Forecasts to 2017" defines and segments the global EPDM market with analysis and forecasting of the global volume and revenue. It also identifies driving and restraining factors for the global EPDM market with analysis of trends, opportunities, burning issues, winning imperatives, and challenges. The market is segmented and revenues are forecasted on the basis of major regions such as North America, Europe, Asia-Pacific, and Rest of the World (ROW). The key countries are covered and forecasted for each region. Further, market is segmented and revenues are forecasted on the basis of applications.
Browse 96 market data tables and 27 figures spread through 241 pages and in-depth TOC on "Global EPDM (Ethylene Propylene Diene Monomer) Market by Application & Geography Trends & Forecasts To 2017".
Early buyers will receive 10% customization on reports.
EPDM are synthetic rubber and are known for their high-quality performance in various industrial applications for their resistance properties to heat, ozone and weather, polar substances, and electrical insulation. They are used in the manufacturing of seals, washers, glass-run channels, radiators, garden and appliance hose, tubing, pond liners, belts, electrical insulation, vibrators, O-rings, solar panel heat collectors, electrical cable jackets, roofing membranes, etc.
Ethylene and propylene are the major raw materials in the production of EPDM and any change in the demand and supply of these raw materials could have a major impact on the EPDM industry. EPDM market is in a state of high production capacity utilization and this kind of situation leads to a market price rise and offers wide scope to manufacturers for new capacity addition.
The global market for EPDM in terms of revenue was estimated to be worth around $4.2 billion in 2011 and is expected to reach $6.5 billion by 2017, growing at an estimated CAGR of 6.9% from 2012 to 2017. Asia-Pacific is the largest EPDM market, which is expected to rise due to robust growth in end-user industries such as automotive, wire & cables, and lubricant additives in China and India.
Key market participants in the global EPDM market are LANXESS AG (Germany), ExxonMobil Chemical Corp. (U.S.), Dow Elastomer (U.S.), Mitsui Chemical (Japan), Kumho Petrochemical (South Korea), Lion Copolymer (U.S.), Versalis (Italy), JSR Corporation (Japan), Jilin Chemical (China), SK Global Chemical (Japan), Nizhnekamskneftekhim Inc. (Russia), Sumitomo (Japan), etc.
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