San Francisco, 11 March 2019: The Report Ethylene Propylene Diene Monomer (EPDM) Market Size, Share & Trends Analysis
Report By Application (Electrical & Electronics, Building &
Construction, Wires & Cables), And Segment Forecasts, 2019 - 2025
The global ethylene propylene diene monomer (EPDM) market size is expected to reach USD 6.46 billion by 2025 expanding at a CAGR of 6.5%, according to Grand View Research, Inc. The market is mainly driven by rising demand for bio-based products and R&D investments in the field. High demand for EPDM, mainly in Asia Pacific region due to expanding end-use industries like automotive and construction, is also propelling the market growth. Increasing spending on construction and infrastructure development by federal governments due to growing population along with rapid urbanization and industrialization in developing economies will also support market growth.
Thus, growing construction activities,
particularly in China and India, are expected to augment the product demand in
infrastructure and construction applications. However, EPDM is expected to
witness the maximum demand from the automotive application segment on account
of their non-reflective and premium-quality finish. EPDM can also be used in
electrical cable joints and roofing membranes as it does not pollute the runoff
rainwater, thereby improving the efficiency of rainwater harvesting. All these
factors together are creating lucrative growth opportunities for the global
market in automotive sector.
Access Research Report of EPDM Market@ www.grandviewresearch.com/industry-analysis/ethylene-propylene-diene-monomer-epdm-market
Further key findings from the study suggest:
· Asia Pacific was the dominant regional
market in 2017 and is anticipated to expand further at the highest CAGR of 5.7%
during the forecast period
· China is among the fastest-growing
countries in the market on account of availability of potential growth opportunities
for the manufacturers
· Rapidly expanding automotive sector in the
country is also contributing to the growth of the global Ethylene Propylene
Diene Monomer (EPDM) market
· Extensive R&D activities for the
development of bio-based products have led to the creation of several improved
grades, which is expected to create lucrative growth opportunities for the EPDM
market in near future
Browse more reports of this category by Grand View
Research at: www.grandviewresearch.com/industry/advanced-materials
Grand View Research has segmented the
global Ethylene Propylene Diene Monomer (EPDM) market on the basis of
application and region:
EPDM Application Outlook (Volume, Kilotons;
Revenue, USD Million, 2014 - 2025)
·
Building & Construction
·
Wires & Cables
·
Electrical & Electronics
·
Lubricant Additive
·
Plastic Modifications
·
Automotive
·
Tires & Tubes
·
Others
EPDM Regional Outlook (Volume,
Kilotons; Revenue, USD Million, 2014 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Central & South America
·
Middle East & Africa
Access Press Release of
EPDM Market@ www.grandviewresearch.com/press-release/global-ethylene-propylene-diene-monomer-epdm-market
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
No comments:
Post a Comment