DOW (US) and Versalis S.p.A (Italy) are Leading Players in the EPDM Market
The global EPDM market is projected to grow from USD 3.9 billion in 2023 to USD 5.2 billion by 2028, at a CAGR of 5.9% during the forecast period. The rising automotive sector in the APAC region is driving the EPDM market during the forecast period.
EPDM (Ethylene Propylene Diene Monomer), represents a versatile copolymer composed of ethylene, propylene, and non-conjugated diene monomers. Functioning as a saturated elastomer, EPDM offers robust resistance to polar solvents. Its production primarily relies on catalysts like Ziegler-Natta or Metallocene, with manufacturing processes encompassing slurry, gas-phase, and solution methods. The solution polymerization process is generally used in the commercial production of EPDM. EPDM rubber excels in resisting heat, aging, UV exposure, and ozone. Moreover, it shows poor resistance against solvents and hydrocarbon fuels.
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In the past couple of years, major industry players have implemented expansion initiatives, formed joint ventures, and focused on new product development to drive growth. Among the prominent contenders in the market are ARLANXEO (Netherlands), Exxon Mobil Corporation (US), DOW (US), Kumho Polychem (South Korea), PetroChina Company Limited (China), Versalis S.p.A. (Italy), SK geo centric Co., Ltd. (South Korea), Mitsui Chemicals, Inc. (Japan), Lion Elastomers LLC (US), ENEOS Holdings, Inc. (Japan), SABIC (Saudi Arabia), and others.
Dow (US) is a pioneering materials science company dedicated to crafting inventive solutions. Its operations span across several segments, including packaging and specialty plastics, industrial intermediates and infrastructure, and performance materials and coatings. One of Dow's notable offerings is EPDM rubber, which is integrated into its packaging and specialty plastics business. This EPDM, marketed under the brand name NORDEL, showcases Dow's commitment to innovation and excellence in serving its customers' demands.
Versalis S.p.A (Italy), a subsidiary of the prominent Italian oil and gas firm Eni S.p.A., specializes in manufacturing a diverse array of chemicals. The company's operations are organized into six distinct divisions: intermediates, polymers, biochem, molding and compounding, oilfield chemicals, and other areas. With a global presence, Versalis boasts production facilities for elastomers in key locations such as Italy, the UK, and South Korea.
The company operates research and development centers in Italy, situated in Ravenna and Ferrara. Ravenna's facility stands out as a major synthetic rubber producer in Europe. With a remarkable total production capacity exceeding 304 thousand tons per year (KTPY) for EPDM, the company's elastomers division leads the market.
ARLANXEO (Netherlands), a leading synthetic rubber manufacturer, serves its products in diverse end-use applications including automotive, oil & gas, building & construction, consumer goods, and pharmaceuticals. With a global footprint spanning over 12 production sites and 7 innovation centers across Asia, Europe, South America, and North America, ARLANXEO ensures proximity to key markets and fosters innovation to meet evolving customer needs. The company's EPDM products are marketed under the brand name Keltan.
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 2028
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