DUBLIN, May 08, 2015 /PRNewswire/ --Research and Markets
(http://www.researchandmarkets.com/research/mqzfx2/europe_ethylene) has announced the addition of the "Europe Ethylene Propylene Diene Monomer Market by Application & Country - Forecasts to 2019" report to their offering.
The market value of Ethylene Propylene Diene Monomer was estimated to be $1,135.8 million in 2013 and is projected to register a CAGR of about 5.7% from 2014 to 2019. The data mentioned in the report are based on the European demand for the Ethylene Propylene Diene Monomer.
The total market for Europe Ethylene Propylene Diene Monomer has been analyzed which gives an idea about the current proceedings in the industry at the commercial level. The study provides the value chain analysis with respect to Ethylene Propylene Diene Monomer raw materials, manufacturers, and end users. The value chain includes the key contributors to the materials market at different stages from product development to end use. It represents the top players which are contributing to the Europe Ethylene Propylene Diene Monomer industry.
The impact of different market factors, such as drivers, inhibitors, and opportunities is also illustrated in the report. This gives an idea about the key drivers such as increasing growth in the automotive industry, strong demand in Europe and increasing demand for modified elastomers; and inhibitors such as growing competition from substitutes in the building & construction industry and growing environmental concerns in Europe. The economic slowdown in Europe and the U.S. also affected the economy of other developed countries that are of key importance for the commercial success of new materials and its end-user market.
The European Ethylene Propylene Diene Monomer market is also classified based on different applications. The important applications include automotive, building & construction, plastic modification, tires & tubes, wire & cables, lubricant additive, and others. The automotive industry and building & construction industries are expected to witness rapid growth in the future.
The key companies in this market are Lanxess AG (Germany), Versalis SpA (Italy), Exxon Mobil Corp. (U.S.), Nizhnekamskneftekhim Inc. (Russia), and others. These companies are consistently focusing on expanding their production capacity to achieve a competitive advantage and thereby serving the customers more effectively. Investments in expansion of plant capacities, followed by acquisitions were the most preferred strategies by the top players in 2012 & 2013 that are driving the demand of Ethylene Propylene Diene Monomer. Their strategy to capture the market in developing economies includes expansions and agreements.
For more information visit http://www.researchandmarkets.com/research/mqzfx2/europe_ethylene
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SOURCE Research and Markets