The global EPDM market is projected to grow from USD 3.6 billion in 2022 to USD 4.8 billion by 2027, at a CAGR of 5.9% during the forecast period. The recovery of automotive sector in the APAC region is driving the EPDM market during the forecast period.
Ethylene propylene diene monomer or EPDM is a copolymer of ethylene, propylene, and non-conjugated diene monomers. It is a saturated elastomer that provides resistance against polar solvents. The major catalysts used in the production of EPDM are Ziegler–Natta catalysts or Metallocene catalysts. The major processes used in the manufacturing of EPDM are slurry, gas-phase, and solution. Solution polymerization process is usually used in the commercial production of EPDM. EPDM rubber provides resistance against heat, aging, UV, and ozone. However, EPDM shows poor resistance against hydrocarbon fuel and solvent.
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The major industry players are adopted expansions, joint venture and new product development as growth strategies in the last four years. The leading players in the market are ARLANXEO (Netherlands), Exxon Mobil Corporation (US), DOW Inc. (US), Kumho Polychem Co. Ltd. (South Korea), PetroChina Company Limited (China), Versalis S.p. A. (Italy), SK Global Chemical Co., Ltd. (South Korea), Mitsui Chemicals, Inc. (Japan), Lion Elastomers LLC (US), PJSC Nizhnekamskneftekhim (Russia), SABIC (Saudi Arabia), and others.
DOW Inc. is a manufacturer of chemical products for various end-use industries. The company operates through six global businesses divided into three segments: packaging & specialty plastics, performance materials & coatings, and industrial intermediates & infrastructure. The company has 106 manufacturing plants in 31 countries across the globe. The company has a global presence across the Americas, Asia Pacific, and EMEA. It has a diverse product portfolio. The company provides EPDM rubber under the packaging & specialty plastics business. The company provides EPDM under the brand name NORDEL. As of 2021, the company has over 35,700 employees, globally.
Versalis S.p.A is a subsidiary of Italian oil and gas company, Eni S.p.A. The company is engaged in the production of a range of chemicals. The businesses of the company are segmented into five divisions: Intermediates, Styrenics, Polyethylene, Biotech, and Elastomers. The production plants for elastomers are present in Italy, the UK, and South Korea.
R& D centers are present in Italy at Ravenna and Ferrara. The Ravenna plant in Italy is a significant producer of synthetic rubber across Europe. The total production capacity for EPDM is over 245 KTPY. The company provides EPDM under the elastomer division. The end users of the company’s product include automotive, polymer modification, oil viscosity modifier, and building & construction. The company manufacture EPDM under the brand name DUTRAL. As of 2021, the company had 5,268 employees globally.
Arlanxeo is involved in manufacturing of synthetic rubber. The company was founded on 2006 and became a wholly owned subsidiary of Saudi Aramco (Saudi Arabia) in 2018 . The company is headquarted in The Hague, Netherlands. It has over 12 production plants and 9 R & D center, globally. The company offer EPDM products under the trademark Keltan. The company had over 3,900 employees, globally
The companies have initiated the following developments:
Related Reports:
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 2027
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