Global EPDM Market 2017-2021
Ethylene propylene diene monomer (EPDM) is classified as a synthetic rubber as well as an elastomer, which is used in various applications including general and specialty purposes. It is made by forming blocks of ethylene and propylene, which act as a backbone for the long molecular chain of EPDM. The pendant diene is used in small amounts to chemically bind the chains during the vulcanized stem. EPDM rubber is resistant to many chemicals, UV, and ozone. This makes it suitable for outdoor use. The unique feature of EPDM is its stability in a wide range of temperatures. Due to this feature, the material can be stored and used in an environment where the temperature ranges between -20.2°F and 350.6°F. It has resistance to mild acids, alkalis, alcohols, detergents, ketones, silicone oil, and greases but it cannot be exposed to fuel. Thus, it is not recommended for applications in combination with petroleum oils and mineral.
Technavio’s analysts forecast the global EPDM market to grow at a CAGR of 7.36% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global EPDM market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of EPDM.The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global EPDM Market 2017-2021
Technavio recognizes the following companies as the key players in the global EPDM market: The Dow Chemical Company, ExxonMobil, Lion Elastomers, LANXESS, and MITSUI CHEMICALS.
Other Prominent Vendors in the market are: Covestro, Carlisle, Firestone Building Products, Jilin Xingyun Chemical, KUMHO PETROCHEMICAL, PetroChina, and SK global chemical.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Increased production of bio-based EPDM. The commercialization and production of bio-based EPDM will prove to be a positive trend for the global EPDM market. Bio-based products are derived from natural and biodegradable resources anticipated to experience a high demand owing to their eco-friendly nature and sustainability. Ethylene, one of the key raw materials of EPDM, is produced from ethanol, which is derived from sugarcane. Thus, EPDM is biodegradable and recyclable, thereby supporting an eco-friendly environment and this feature acts as a major driver for the global EPDM market. Moreover, bio-based EPDM reduces the dependence on fossil fuel, greenhouse gas emission, and carbon footprint. Due to the environmental rules in Germany, most of the industries prefer to use EPDM, triggering the market growth. LANXESS, a specialty chemicals company, is making efforts in manufacturing environment-friendly EPDM such as Keltan Eco manufactured from sugarcane.”
According to the report, one of the major drivers for this market is Growing demand for synthetic rubber. The application of synthetic rubber is increasing owing to its extensive use in the automobile industry. Natural rubber or SBR can easily be affected by reactive entities in the atmosphere such as ozone. Therefore, it can be easily degraded. EPDM is more resistant to ozone than natural rubber. Another major reason for customers shifting to synthetic rubber from natural rubber is the fluctuating price of the latter.
Further, the report states that one of the major factors hindering the growth of this market is Product limitations and lack of awareness. Although the favorable properties and recycling advantages of EPDM have made it compatible with a wide variety of applications, there are a few drawbacks due to its incompatibility. EPDM is not compatible with certain compounds such as aromatic and aliphatic hydrocarbons, concentrated acids, halogenated solvents, kerosene, and gasoline.
The Dow Chemical Company, ExxonMobil, Lion Elastomers, LANXESS, MITSUI CHEMICALS, Covestro, Carlisle, Firestone Building Products, Jilin Xingyun Chemical, KUMHO PETROCHEMICAL, PetroChina, and SK global chemical.
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