Global EPDM Market Worth $6.5 Billion by 2017
DALLAS, November 20, 2012
DALLAS, November 20, 2012 /PRNewswire/ --
The report " Global EPDM (Ethylene Propylene Diene Monomer) Market by
Application & Geography Trends & Forecasts t o 2017 " defines and segments
the global EPDM market with analysis and forecasting of the global volume and
revenue. It also identifies driving and restraining factors for the global
EPDM market with analysis of trends, opportunities, burning issues, winning
imperatives, and challenges. The market is segmented and revenues are
forecasted on the basis of major regions such as North America, Europe,
Asia-Pacific, and Rest of the World (ROW). The key countries are covered and
forecasted for each region. Further, market is segmented and revenues are
forecasted on the basis of applications.
Browse 96 market data tables and 27 figures spread through 241 pages and
in-depth TOC on "Global EPDM (Ethylene Propylene Diene Monomer) Market by
Application & Geography Trends & Forecasts To 2017".
Early buyers will receive 10% customization on reports.
EPDM are synthetic rubber and are known for their high-quality performance in
various industrial applications for their resistance properties to heat, ozone
and weather, polar substances, and electrical insulation. They are used in the
manufacturing of seals, washers, glass-run channels, radiators, garden and
appliance hose, tubing, pond liners, belts, electrical insulation, vibrators,
O-rings, solar panel heat collectors, electrical cable jackets, roofing
Ethylene and propylene are the major raw materials in the production of EPDM
and any change in the demand and supply of these raw materials could have a
major impact on the EPDM industry. EPDM market is in a state of high
production capacity utilization and this kind of situation leads to a market
price rise and offers wide scope to manufacturers for new capacity addition.
The global market for EPDM in terms of revenue was estimated to be worth
around $4.2 billion in 2011 and is expected to reach $6.5 billion by 2017,
growing at an estimated CAGR of 6.9% from 2012 to 2017. Asia-Pacific is the
largest EPDM market, which is expected to rise due to robust growth in
end-user industries such as automotive, wire & cables, and lubricant
additivesin China and India.
Key market participants in the global EPDM market are LANXESS AG (Germany),
ExxonMobil Chemical Corp. (U.S.), Dow Elastomer (U.S.), Mitsui Chemical
(Japan), Kumho Petrochemical (South Korea), Lion Copolymer (U.S.), Versalis
(Italy), JSR Corporation (Japan), Jilin Chemical (China), SK Global Chemical
(Japan), Nizhnekamskneftekhim Inc. (Russia), Sumitomo (Japan), etc.
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