As per the recently published report by MarketsandMarkets™, The “EPDM Market by Application (Automotive, Building & Construction, Plastic Modification, Tires & Tubes, Wires & Cables and Lubricant Additives), Manufacturing Process, Region (North America, Europe, APAC, MEA, and South America) – Global Forecast to 2028″, size is estimated to be USD 3.9 billion in 2023, and it is projected to reach USD 5.2 billion by 2028 at a CAGR of 5.9%. The rising automotive sector in the APAC region is driving the EPDM market during the forecast period.
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- 289 Market data Tables
- 50 Figures
- 235 Pages and in-depth TOC on “EPDM Market – Global Forecast to 2028”
This report also provides a comprehensive analysis of the companies listed below:
The key players in EPDM market are ARLANXEO (Netherlands), Exxon Mobil Corporation (US), DOW (US), Kumho Polychem (South Korea), PetroChina Company Limited (China), Versalis S.p.A. (Italy), SK geo centric Co., Ltd. (South Korea), Mitsui Chemicals, Inc. (Japan), Lion Elastomers LLC (US), ENEOS Holdings, Inc. (Japan), SABIC (Saudi Arabia), and others.
Merger & acquisitions, investments & expansions, partnerships & collaborations, and new product developments are some of the major strategies adopted by these key players to enhance their positions in the EPDM market.
Recent Developments in EPDM Market Industry
- In June 2023, ARLANXEO has partnered with Qingdao University of Science and Technology, to invest in enriching the local talent, which further helps to support the upgradation of the synthetic rubber industry in China.
- In February 2023, Lion Elastomers signed a distribution agreement with Prime Plastics to distribute its products in the EU market.
- In November 2022, Lion Elastomers signed a distribution agreement with ChemSpec Canada Inc. to distribute its products in Canada.
- In October 2022, Lion Elastomers collaborated with ARISAN, to sell the company’s product in Turkey.
- In August 2022, Lion Elastomers invested USD 22 million to construct a new multi-level production building housing two new finishing lines at its elastomeric polymer manufacturing facility in Ascension Parish
- In March 2022, ARLANXEO has increased the annual capacity of the EPDM plant by 15%. This helps to meet the rising demands for EPDM across the country.
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