Ethylene Propylene Diene Monomer Manufacturing Market worth 7.3% CAGR by 2027
" COVID-19 Impact on Ethylene Propylene Diene Monomer Manufacturing Market, size, share, growth, industry analysis, and forecast 2021-2027 "
Ethylene propylene diene monomer (EPDM), a kind of synthetic rubber, is majorly used in automotive, roofing, and plastic modification applications. Ethylene propylene diene monomer is used to produce thermoplastic vulcanizates (TPVs), a highly prominent type of thermoplastic elastomer. TPVs are polymeric compounds that feature elastomeric properties over a vast temperature range and thermoplastic behavior at melting temperature.
Plastic has a prominent role in several end-user industries. Ethylene propylene diene monomer is a significant raw material used in plastic modification. EPDM is majorly deployed in the polymer modification procedure for olefinic thermoplastic elastomers such as thermoplastic olefin (TPO) and other thermoplastic elastomers, including thermoplastic vulcanizates (TPVs), which is a factor driving the ethylene propylene diene monomer manufacturing market growth.
Request for sample copy of the report @ https://www.infoholicresearch.com/request-a-sample-report/?repid=14720
Furthermore, the manufacturer of traditional EPDM results in a high carbon footprint. Increasing consciousness about the environment has stimulated end-use consumers and automotive manufacturers to go for bio-based ethylene propylene diene monomer. Bio-based EPDM is anticipated to provide various advantages over traditional EPDM. These advantages include minimized dependence on fossil fuel and lesser carbon footprint since the product is bio-based and low cost compared to traditional EPDM after commercialization. Capacity expansion, joint ventures, and acquisitions can generate opportunities for leading players as well as new players to enter the market.
The Ethylene Propylene Diene Monomer Manufacturing Market research report titled “Ethylene Propylene Diene Monomer Manufacturing Market by Type, Application, and Geography–Global Forecast up to 2026.”
Few leading companies in the market are Firestone Building Products Company, LLC, Mitsui Chemicals, Inc., The Dow Chemical Co, SK Global Chemical Co., Johns Manville, Inc.
Asia Pacific region is dominating the global ethylene propylene diene monomer market. The region is projected to continue its dominance in the forecast period, owing to the surging demand for EPDM in several applications, most prominently in the automotive industry and allied end-user industries in the region.
Access full report summary @ https://www.infoholicresearch.com/report/ethylene-propylene-diene-monomer-manufacturing-market/
The report consists of 76 Tables and 46 charts depicting the in-depth market study and the impact analysis of COVID-19. View detailed TOC here.
Ethylene Propylene Diene Monomer Manufacturing Market by Type
- Solution Polymerization
- Suspension Polymerization
Ethylene Propylene Diene Monomer Manufacturing Market by Application
- Building and Construction
- Tubes and Tires
- Plastic Modifications
- Cables and Wires
- Lubricant Additives
Ethylene Propylene Diene Monomer Manufacturing Market by Geography
- North America
- Asia Pacific
- Rest of the World