The report “EPDM Market Share, Size, Trends, Industry Analysis Report, By End-Use (Building & Construction, Electrical & Electronics, Automotive, Manufacturing, Others); By Region; Segment Forecast, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.
According to research report, the global EPDM market size and share is expected to reach USD 4.06 Billion by 2028, and is expected to grow at a CAGR of 7% during the forecast period, according to a new study by Polaris Market Research.
EPDM Market Report Overview:
EPDM is increasingly being used owing to rising industrialization and urbanization. Growing application in the construction industry and development of public infrastructure has also boosted the industry growth. Rising application in the automotive sector and increasing use in electric vehicles have resulted in greater demand for the product. However, the COVID-19 outbreak has negatively impacted the Ethylene Propylene Diene Monomer industry due to supply chain disruption, operational challenges, transportation delays, and travel restrictions.
The product is used in diverse industries such as building and construction, electrical and electronics, automotive, manufacturing, and others. The automotive segment accounted for the highest share in 2020. Increasing demand for passenger vehicles, modernization of vehicles, and need for greater performance boost the segment’s growth.
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Rising environmental consciousness, combined with government initiatives, is encouraging consumers to switch to electric vehicles. The growing need to reduce weight in automobiles for increased performance, technological advancements associated with the product, and rising investments in R&D have been observed across the globe.
Key Industry Players’ Analysis:
Key players are working hard to develop innovative products in this industry. The statistics included in this report provide the key participants with the necessary business intelligence and help them understand the future of the global Ethylene Propylene Diene Monomer Market. In addition, the companies operating are studied according to key factors such as company size, share, growth, revenues, production volume, and profits.
Top key players profiles included in the market:
- Arlanxeo
- Carlisle Companies
- DOW Inc.
- ExxonMobil Corporation
- Jilin Xingyun Chemical
- JSR Corporation
- Lanxess
- Lion Elastomers
- Mitsui Chemicals
- PetroChina Company Limited
- PJSC
- SABIC
- SK Global Chemical Co
- Sumitomo Chemical Co.
- Versalis
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Segmentation Overview:
The report offers a critical assessment of the global EPDM market by segmenting it based on end-use industry, and key region. The section details the forecasts for sales by type and by application in terms of volume and value. Each and every segment is evaluated on the basis of share and growth rate individually. The segmentation overview shows how different end use, and regional segments are progressing in the market in terms of growth.
Market breakdown by End-Use Outlook:
- Building and Construction
- Electrical and Electronics
- Automotive
- Manufacturing
- Others
Geographic Scope of The Report:
The geographical scope of the global EPDM market is explained with enveloping information about the area, subdivided into sub-regions and countries/regions. Besides, the market share in each country and sub-region is given joined with information on profit opportunities. This chapter of the study document incorporates the market share and growth rate of each region, country, and sub-region during the estimated period from 2021-2028.
On the basis of region, the market is categorized into:
- North America (U.S., Canada)
- Europe (Germany, UK, France, Italy, Spain, Netherlands, Austria)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Malaysia)
- Latin America (Brazil, Mexico, Argentina)
- Middle East & Africa (Saudi Arabia, South Africa, Israel, UAE)
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Market Key Trends Analysis:
Furthermore, the report explores the key factors influencing the growth of the market. The key purpose of exploring these factors is to address driving factors that have a positive influence on demand for EPDM as well as restraining factors that impede the development of the same. Also, the study throws light on the trends which influence the market and affect the growth. Additionally, operating risks and major barriers encountered by players in the market are some of the other qualitative considerations integrated into this research document.
The overall report provides market information in a comprehensive manner. Critical information associated with the dynamics will enable strategic decision-making for existing participants as well as for those who wish to enter the global Ethylene Propylene Diene Monomer Market. The research document keeps you up to date with the latest trends and changing dynamics.
Some of The Key Questions Answered In The Report Are:
- Which are the top players involved in the business?
- What are the key factors drivers positively and negatively affecting the global EPDM market?
- What are the openings, hazards, and outline of the industry?
- What are sales, revenue, and price analysis of top manufacturers in key growth areas?
- Who are the distributors, traders, and dealers?
- What are the market opportunities and threats faced by the vendors during the forecast period from 2021-2028?
- Which regions are predicted to hold the highest share?
- Which dynamics affect the business most?
Other Studies Relevant to this industry: https://www.polarismarketresearch.com/industry/Chemicals-and-Materials
About Polaris Market Research
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavour to deliver value-added business solutions to our customers.
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