Ethylene Propylene Diene Monomer (EPDM) Market | Growth and Analysis
Recovery and Growth Insights for 2021-2025
Decelerating at a CAGR of almost 6.40%, the ethylene propylene diene monomer (EPDM) market is expected to grow by post an incremental growth of $ 511 mn over the next five years. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers to provide growth projections and insights. This analytical examination of the market will enable businesses to plan and set the path for future growth prospects.
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Ethylene Propylene Diene Monomer (EPDM) Market: Market Segments and Key Trends
The research report provides a detailed analysis of all the segments, key trends, and challenges that are likely to influence growth. The market is segmented by End-user (Automotive, Molded goods, Building and construction, Lubricant additives, and Others) and Geography (APAC, North America, Europe, MEA, and South America). 55% of the market growth will originate from APAC during the forecast period. However, volatility in raw material prices is one of the challenges that will need to be overcome to drive growth.
Ethylene Propylene Diene Monomer (EPDM) Market: What are the Growth Drivers?
Increasing demand for synthetic rubber is one of the primary factors driving the growth of the ethylene propylene diene monomer (EPDM) market. The report provides a detailed study of all the factors that are likely to boost the market. An understanding of the key drivers will enable clients to leverage growth opportunities to their advantage with a view to short-term and long-term business goals.
Ethylene Propylene Diene Monomer (EPDM) Market: Competitive Landscape
The market is fragmented. The research report provides insights into the top market player and their product portfolio along with pipeline analysis of upcoming developments and growth opportunities. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Dow Inc., Exxon Mobil Corp., JSR Corp., Kumho Polychem Co. Ltd., LANXESS AG, Lion Elastomers, Mitsui Chemicals Inc., SK global chemical Co. Ltd., and Sumitomo Chemical Co. Ltd. are some of the major market participants.
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Ethylene Propylene Diene Monomer (EPDM) Market: Key Highlights of the Report for 2021-2025
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