Report Published: "EPDM (Ethylene Propylene Diene Monomer) Market - Trends & Forecast to 2020"

EPDM (Ethylene Propylene Diene Monomer) Market by application (Automotive, Building & construction, Tires and Tubes, Wires & Cables, and Lubricant Additives,) and Regional Analysis - Trends & Forecast to 2020

"Increased demand of elastomers and growing domestic consumption in China is driving the consumption of EPDM "

The global EPDM market is projected to reach USD 7.2 billion by 2020, registering a CAGR of 5.4% from 2015 to 2020. The market for EPDM is directly proportional to the demand for automotive, as major share of produced EPDM is used for the automotive industry. Asia-Pacific captures almost forty percent of the global EPDM market owing to the growing domestic consumption in China, rising investments by foreign companies, growth in automotive sector and rise in standard of living.

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"Lubricant additive, the fastest growing application for EPDM"

Lubricants are an indispensable feature of all machinery, ranging from applications which enable the manipulation of very small parts to the movement of very heavy masses. Its property to absorb oil makes it advantageous to be used in oil viscosity improving applications.

The key driver for the growth of EPDM is driven by the increase in automotive and building & construction industry. There is an accelerating demand for EPDM in the automotive industry as EPDM based products are used for several applications such as hoses, mechanical goods for under-hood applications, body sealing, weather-stripping, belts, engine mounts, brake parts, windshield wipers.

"Asia-Pacific, the fastest growing market for EPDM"

Asia-Pacific is estimated to be the fastest-growing market for EPDM market. The growth of the market in the region is attributed to expansion of production capacity, rapid increase in the automotive and building & construction industry. Also ease in the availability of raw materials, cheap labor, drives the EPDM market in the region. With the recent expansion activities by key players in the Asia-Pacific region; the demand for EPDM in this region is projected to register the highest CAGR between 2015 and 2020.

This study has been validated through primaries conducted with various industry experts globally. These primary sources have been divided under three categories: By Company; By Designation; and By Region.

* By Company Type- Tier 1- 20%, Tier 2- 20% and Tier 3- 60%
* By Designation- C Level- 20%, Director Level- 20% and Others- 60%
* By Region- North America- 40%, Europe- 40%, and Asia-Pacific- 60

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