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.
MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world.
MarketsandMarkets also provides multi-client reports, company profiles, databases and custom research services. M&M covers 13 industry verticals, including advanced materials, automotives and transportation, banking and financial services, biotechnology, chemicals [ http://www.marketsandmarkets.com/chemicals-market-research-10.html ], consumer goods, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductors and electronics, and telecommunications and IT.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
North - Dominion Plaza,
17304 Preston Road,
Suite 800, Dallas, TX 75252
MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com
More by this SourceView all news by MarketsandMarkets
Get content for your website
Enhance your website's or blog's content with PR Newswire's customised real-time news feeds.
Contact PR Newswire
Send us an email at MarketingUK@prnewswire.co.uk or call us at +44 (0)20 7454 5382
Become a PR Newswire client
Request more information about PR Newswire products & services or call us at +44 (0)20 7454 5382