New York, NY, Aug. 01, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “EPDM (Ethylene Propylene Diene Monomer) Market By Application (Automotive, Building & Construction, Tires & Tubes, Wires & Cables, Lubricant Additives, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2026”. According to the report, the global EPDM (Ethylene Propylene Diene Monomer) market was approximately USD 6.48 billion in 2018 and is expected to generate around USD 9.87 billion by 2026, at a CAGR of around 5.4% between 2019 and 2026.

EPDM (Ethylene Propylene Diene Monomer) is a synthetic rubber that is used in various applications. EPDM is made from ethylene, propylene and a diene comonomer and is compatible with polar substances, such as fireproof hydraulic fluids, hot and cold water, ketones, and alkalis. EPDM is commonly used in vehicles for making window seals, door seals, trunk seals, and hood seals. EPDM has a high resistance to solvents, tearing, extreme temperatures, and abrasives. EPDM can be finished to a particularly smooth surface along with having excellent elasticity at extremely high and low temperatures. EPDM is used in various industries like building and construction, tires and tubes, plastic modification, automotive, lubricant additives, and wires and cables.

Browse through 20 Tables & 20 Figures spread over 110 Pages and in-depth TOC on “Global EPDM (Ethylene Propylene Diene Monomer) Market: Industry Type, Size, Share, Demand, Growth, Segments, Analysis and Forecast, 2018–2026”.

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The global EPDM (Ethylene Propylene Diene Monomer) market is expected to witness substantial growth in the future, owing to the flourishing automotive industry in several regions across the globe. Additionally, the increasing use of EPDM for plastic modification applications and rising domestic consumption of EPDM in China is expected to further drive the global EPDM (Ethylene Propylene Diene Monomer) market over the forecast time period. The growing EPDM demand from the Asia Pacific is likely to provide new growth opportunities for the global EPDM (Ethylene Propylene Diene Monomer) market in the upcoming years.

The global EPDM (Ethylene Propylene Diene Monomer) market is fragmented based on application into automotive, building and construction, tires and tubes, wires and cables, lubricant additives, and others. The automotive segment is expected to grow at the highest rate, owing to the wide EPDM usage in the automotive industry. EPDM in the automotive industry is used for manufacturing radiator, brake parts, wipers, glass-run channel, body sealing, engine mounts, and roofing membrane along with making vehicle glazing systems, moisture barriers, O-rings, valves, and pumps. This wide range of EPDM applications in the automotive segment is expected to drive this segment over the forecast time period.

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The Asia Pacific region is expected to hold a major share in the EPDM (Ethylene Propylene Diene Monomer) market globally over the forecast time period. China is expected to drive the Asia Pacific EPDM (Ethylene Propylene Diene Monomer) market. The region’s flourishing automotive industry is majorly boosting this market. India and Malaysia are expected to be the major countries that will contribute to this market’s growth.

Europe is another considerable EPDM (Ethylene Propylene Diene Monomer) market, which is expected to generate significant growth opportunities in the upcoming years, owing to the increasing EPDM demand fuelled by growing automobile production and the rising acceptance of EPDM (Ethylene Propylene Diene Monomer in various applications.

Browse the full “EPDM (Ethylene Propylene Diene Monomer) Market By Application (Automotive, Building & Construction, Tires & Tubes, Wires & Cables, Lubricant Additives, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2026” Report at https://www.zionmarketresearch.com/report/epdm-ethylene-propylene-diene-monomer-market

North America is expected to show significant growth in the EPDM (Ethylene Propylene Diene Monomer) market globally in the future. This can be attributed to the region’s developing automotive industry. Continuous investments made by various automakers in the U.S. are likely to further drive this regional market over the forecast timeframe. The growing demand for EPDM for various automotive applications is due to the shifting demand towards high-performance materials. The U.S. and Canada are expected to be major countries contributing to the North American market. 

The Middle East and Africa is expected to show significant growth in the EPDM (Ethylene Propylene Diene Monomer) market, owing to the growing automotive industry in the region. The rising demand for high heat and weather resistance and vibration-absorbing automotive parts in the automobile industry is the major factor expected to boost the EPDM (Ethylene Propylene Diene Monomer) market.

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Latin America is expected to witness moderate growth in the years ahead, owing to the growing EPDM demand by the Brazilian automotive sector. Brazil is expected to be the major contributor in this region.

Some key players operating in the global EPDM (Ethylene Propylene Diene Monomer) market are ExxonMobil Chemical, PetroChina, SK Global Chemical, Mitsui Chemicals, Carlisle Companies, Dow Elastomers, John Manville, JSR Corporation, Lanxess, and Kumho Polychem.

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This report segments the global EPDM (Ethylene Propylene Diene Monomer) market into:

Global EPDM (Ethylene Propylene Diene Monomer) Market: Application Analysis

  • Automotive
  • Building and Construction
  • Tires and Tubes
  • Wires and Cables
  • Lubricant Additives
  • Others

Global EPDM (Ethylene Propylene Diene Monomer) Market: Regional Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

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