Epdm market price ppt

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Ethylene Propylene Diene Monomer (EPDM) Market
Size, Share and Forecast 2016-2024
Market size USD 2.68 billion in 2015 Market size
Projected USD 4.28 billion by 2024 Gain rate
expected Exceeding 5 up to 2024
EPDM Market size worth 4.28 billion by 2024
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Global Market Scenario of EPDM Industry

• Ethylene Propylene Diene Monomer (EPDM) Market
  size is expected to reach USD 4.28 billion by
  2024 according to a new research report by
  Global Market Insights, Inc.
• Global EPDM market size is mainly categorized on
  primary applications which include construction,
  electrical electronics, plastics, automotive,
  lubricant additives, and others. Automotive
  dominated the application base and accounted for
  over 40 of the global EPDM market share in 2015.
  
• It is widely used in manufacturing automobile
  components such as bumpers, door seals, and
  braking system. Growing consumer demand for
  automotive and wide range of applications in this
  space is likely to ensure continued gains in this
  sector.
• Construction, on the other hand is expected to
  help demand grow rapidly (over 6) in terms of
  revenue by 2024. Increasing construction spending
  in BRIC nations is anticipated to propel EPDM
  market share for construction applications.

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Continue.....

• Along with the above applications, increasing
  potential for polymer modification in the
  industrial sector will boost demand. Global
  personal commercial automotive sales were
  approximately 90 million units in 2015.
• It is also a key raw material used in plastic
  modification in thermoplastic olefins (TPO) and
  thermoplastic vulcanizates (TPV). Light-weight
  and increased strength characteristics of TPO
  make it attractive for automotive and
  construction sectors. This in turn helps the
  automotive industry to abide by various stringent
  government regulations aimed at reducing carbon
  emissions produced by vehicles.
• Global production capacity has witnessed steady
  expansion by industry players, resulting in
  product oversupply, which may hinder EPDM market
  price trends. Petroleum based products are
  required in production and therefore fluctuating
  crude oil prices may negatively impact industry
  growth. However, the development
  commercialization of bio based EPDM products is
  anticipated to provide new industry growth
  opportunities in the near future.

Latest Research Report On EPDM Market_at_ https//www
.gminsights.com/industry-analysis/ethylene-propyle
ne-diene-monomer-EPDM-market
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360 Analysis
Product Analysis- Plastic plays a vital role in
various end user industries. It is one of the
major raw materials used in plastic modification
application, primarily employed in the polymer
modification process for olefinic thermoplastic
elastomers such as thermoplastic olefin (TPO) and
thermoplastic vulcanizates (TPV). Global TPO
market size was more than 950 kilo tons in 2015
and is projected to surpass 1500 kilo tons by
2024. TPVs are polymeric compounds that
demonstrate elastomeric properties over a wide
temperature range and thermoplastic behavior at
the melt temperature.

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Regional Analysis Automotive EPDM market size
was valued at over USD 1.07 billion in 2015.
Apart from steel, aluminum and other synthetic
rubbers, it is one of the key raw materials used
in automotive component production. Construction
applications are projected to expand at over 5
CAGR in terms of revenue. Owing to its
extraordinary resistance to heat, cold, sunlight,
and air pollution, this polymer has seen an ever
increasing demand for roofing purposes which is
in turn anticipated to boost EPDM market share
further in the construction industry. Competitive
Analysis Global EPDM market share is highly
competitive. Major industry includes Petrochina
Co. Ltd., Versalis, Exxonmobil Chemical Company,
SK Global Chemical Co. Ltd., and Mitsui Chemicals
Inc. Other significant market share contributors
are Carlisle Companies Inc., DOW Elastomers, John
Manville Inc., JSR Corporation, Kumho Polychem
Co. Ltd., Lanxess AG, Lion Copolymer LLC, OAO
Nizhnekamskneftekhim, and Sumitomo Chemical Co.
Ltd. Although there is a lot of captive
consumption of raw materials, there is also a
boost in raw material markets due to increasing
demand. Along with Chinese companies, the degree
of competition is anticipated to remain high over
the duration of the forecast period.
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