London, 23 June 2015: Technavio, the independent tech-focused global research firm, has published a report on the global EPDM market 2015-2019, which is expected to grow at a CAGR of 6.67% during the forecast period of 2014-2019.
Market growth is facilitated by the increasing demand from the automotive sector. Ethylene Propylene Diene Monomer (EPDM) is extensively used in the automotive sector to manufacture various components and parts. Recent boom in the construction and housing sector also propel the demand for EPDM, which in-turn facilitates market growth during the forecast period.
“Conventionally, EPDM is produced using petroleum-based raw materials such as ethylene and propylene, but with the help of feedstock such as sugarcane, EPDM can be manufactured in an eco-friendly process,” says Faisal Ghaus, Vice President of Technavio.
“Manufacturers are setting up bio-based EPDM production plants because of environmental concerns. Brazilian automotive suppliers are using bio-based EPDM rubbers from Lanxess in window rubber seals.”
Key Market Drivers:
- Growth in Automotive Sector.
- Use of EPDM in Roofing Systems.
- Growth in Building and Construction Sector.
- Increase in Demand for Modified Elastomers.
Key Market Trends:
- Increased Production of Bio-based EPDM.
- Growth in Plastic Modification Applications.
- Investments in Capacity Additions.
Key Market Vendors:
- Dow Chemical Co.
- Exxon Mobil Corp.
- Lanxess AG
- Lion Elastomers LLC
- Mitsui Chemicals
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
