DUBLIN, Jan. 20, 2016 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/f3gt2t/epdm_ethylene) has announced the addition of the "EPDM (Ethylene Propylene Diene Monomer) Market - Trends & Forecast to 2020" report to their offering.
The global EPDM market size, in terms of value, is projected to reach $7.2 Billion by 2020, at a CAGR of 5.4% between 2015 and 2020. The increase usage of EPDM in plastic modification applications, increasing domestic consumption in China, and continuous expansion activities undertaken by companies are key factors driving the growth of the global EPDM market.
The automotive industry is the largest-growing end-use industry segment in the global EPDM market. The consumption of EPDM in the automotive industry globally is mainly due to its high heat and weather resistance, and vibration absorbing properties.
It is because of these properties that EPDM is also used in various applications such as hoses, mechanical goods for under-hood applications, body sealing, weather-stripping, belts, engine mounts, brake parts, windshield wipers, etc.
Currently, Asia-Pacific is the largest market for EPDM, accounting for around forty percent of the global market size, by value and volume, in 2014. Among all the countries, China dominates the EPDM market in 2014, closely followed by U.S. Malaysia is the fastest-growing market in the world and is expected to surpass China and Japan in the EPDM market in the near future.
Along with the rising demand of EPDM in the Asia-Pacific region, international EPDM manufacturing companies find it reasonable to manufacture EPDM products in the Asia-Pacific region than other regions due to the lower cost of labor.
Though the EPDM market is growing at a significant growth rate, few factors hinder the growth of the market globally. Increasing environmental concerns regarding the emission of VOCs during the production of EPDM is one of the major restrictions for the growth in EPDM market.
Also, the shift of end-user market from developed countries to the developing countries, and fluctuations in the currency exchange rates of Japan are the major restraints toward the growth of the EPDM market.
- Carlisle Companies Inc.
- DOW Elastomers
- Exxonmobil Chemical Company
- JSR Corporation
- John Manville Inc.
- Kumho Polychem Co. Ltd.
- Lanxess AG
- Lion Copolymer Llc
- Mitsui Chemicals Inc.
- OAO Nizhnekamskneftekhim
- Petrochina Co. Ltd.
- Sk Global Chemical Co. Ltd.
- Sumitomo Chemical Co. Ltd.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 EPDM Market, By Application
8 EPDM Market, Regional Analysis
9 Competitive Landscape
10 Company Profiles
For more information visit http://www.researchandmarkets.com/research/f3gt2t/epdm_ethylene
Laura Wood, +353-1-481-1716, email@example.com
SOURCE Research and Markets