CHICAGO, July 19, 2021 /PRNewswire/ -- According to the new market research report "EPDM Market by application (Automotive, Building & Construction, Plastic Modification, Tires & Tubes, Wires & Cables and Lubricant Additives), Region (North America, Europe, Asia Pacific, Middle East & Africa and South America) - Global Forecast to 2026", published by MarketsandMarkets, the global EPDM market size is estimated to be USD 2.5 billion in 2021 and is projected to reach USD 3.6 billion by 2026, at a CAGR of 7.2% between 2021 and 2026. Automotive is the major application segment for EPDM. The recovery of automotive sector in the APAC region is driving the EPDM market during the forecast period. Moreover, the development of eco-friendly technologies for production of EPDM and growing demand for electric & hybrid vehicles are new opportunities in EPDM market.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=483
Browse in-depth TOC on "EPDM Market"
213 - Market Data Tables
58 - Figures
221 - Pages
View Detailed Table of Content Here: https://www.marketsandmarkets.com/Market-Reports/epdm-rubber-market-483.html
Automotive application holds the largest share in the EPDM market
EPDM rubber account for significant portion of rubber parts that are utilized in automotive vehicle. In the automotive industry, EPDM is used in hoses, gaskets, body sealing, weather stripping, brake parts, windshield wipers, and other under-hood applications. The automobile production is in decline phase since 2018. The production further dipped in 2020 due to COVID-19 pandemic. However, the market is expected to grow in the near future with the rise in the living standard of people and the development of new technologies.
Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=483
APAC accounted for the largest share in the global EPDM market
APAC accounted for the largest share of the EPDM market in 2020, followed by North America and Europe. The market in this region is driven by the recovery of the automotive sector in China, India, and Southeast Asian countries. Global automobile manufacturers are investing in APAC countries in establish their production plants to enhance their market presence in the region. China is the significant market for automobile and the largest importer of EPDM in the world. The focus towards the development of New Energy Vehicles (NEVs) to reduce carbon footprint will drive the automotive industry in China which will further enhance the demand of EPDM during the forecast period.
The leading players in the EPDM market are ARLANXEO (Netherlands), DOW Inc. (US), Exxon Mobil Corporation (US), JSR Corporation (Kumho Polychem Co. Ltd.) (South Korea), PetroChina Company Limited (China), Versalis S.p. A.(Italy), SK Global Chemical Co., Ltd. (South Korea), Sumitomo Chemical Co., Ltd. (Japan), and Mitsui Chemicals, Inc. (Japan).
Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=483
Related Reports:
Geomembranes Market by Type (HDPE, LDPE & LLDPE, PVC, EPDM, PP, Others), Manufacturing Process (Extrusion, Calendering, Others), Application (Mining, Waste Management, Water Management, Civil Construction, Others), and Region
https://www.marketsandmarkets.com/Market-Reports/geomembranes-market-133281673.html
Impact Modifiers Market by Type (ABS, AIM, ASA, MBS, EPDM, CPE), By Application (PVC, Polyamide, Polyesters, Engineering Plastics), End-Use Industry (Packaging, Construction, Consumer Goods, Automotive), Region
https://www.marketsandmarkets.com/Market-Reports/impact-modifier-market-58674504.html
Elastomeric Foam Market by Function (Thermal Insulation, and Acoustic Insulation) Type (NBR, and EPDM), End-Use Industry (HVAC, Refrigeration, Heating & Plumbing, and Transportation), and Region
https://www.marketsandmarkets.com/Market-Reports/elastomeric-foam-market-164243544.html
About MarketsandMarkets
MarketsandMarkets provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Aashish Mehra
MarketsandMarkets INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/epdm-rubber-market.asp
Visit Our Website: https://www.marketsandmarkets.com/
Content Source: https://www.marketsandmarkets.com/PressReleases/epdm.asp
Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg
