Ethylene Propylene Diene Monomer Global Market Report 2024

Ethylene propylene diene monomer (EPDM) is a synthetic rubber consisting of ethylene, propylene, and diene monomers. Known for its resistance to outdoor and high-temperature conditions, EPDM exhibits properties such as resistance to ozone, UV, heat, polar solvents, water-based chemicals, and aging. It finds applications in roofing for waterproofing and as seals.

The manufacturing of ethylene propylene diene monomer involves processes like solution polymerization, slurry and suspension process, and gas-phase polymerization. Solution polymerization is a method where a monomer is combined with a hydrocarbon solvent and a catalyst, resulting in a polymer. This process allows easy heat transfer, generates a low viscosity mixture, is cost-effective, and the bulk polymer does not require additives. Sales channels for ethylene propylene diene monomer include both direct and indirect sales. Applications span across automotive, building and construction, manufacturing, electrical and electronics, and various other industries.

The ethylene propylene diene monomer market research report is one of a series of new reports that provides Ethylene propylene diene monomer market statistics, including ethylene propylene diene monomer industry global market size, regional shares, competitors with ethylene propylene diene monomer market share, detailed Ethylene propylene diene monomer market segments, market trends and opportunities, and any further data you may need to thrive in the ethylene propylene diene monomer industry. This ethylene propylene diene monomer market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The ethylene propylene diene monomer market size has grown strongly in recent years. It will grow from $4.16 billion in 2023 to $4.53 billion in 2024 at a compound annual growth rate (CAGR) of 8.8%. The growth observed in the historic period for ethylene propylene diene monomer (EPDM) can be attributed to the expansion of the automotive industry, increased activity in construction and infrastructure development, the shift towards replacing traditional materials with EPDM due to its enhanced durability, and the influence of environmental regulations.

The ethylene propylene diene monomer market size is expected to see strong growth in the next few years. It will grow to $6.39 billion in 2028 at a compound annual growth rate (CAGR) of 9.0%. The anticipated growth in the forecast period for ethylene propylene diene monomer (EPDM) is driven by factors such as the increasing trend towards automotive electrification, growing installations of solar energy systems, infrastructure rehabilitation projects, the demand for resilient roofing solutions, and the need for low VOC (volatile organic compounds) materials. Major trends in the forecast period include the application of EPDM in electric vehicle (EV) sealing, utilization in 3D printing applications, advancements in sealing technology, and the development of customized EPDM compounds to meet specific industry needs.

The growing demand for zero-emission vehicles is a significant driver of the ethylene propylene diene monomer (EPDM) market. Zero-emission vehicles, characterized by their lack of harmful gas or pollutant emissions, are gaining popularity due to various advantages such as low maintenance costs, reduced running costs, and zero tailpipe emissions. EPDM, known for its noise-reducing properties and ability to adhere readily to metal, serves a crucial role in these vehicles by providing a solid barrier against weather conditions, road surfaces, and engine vibrations. The International Energy Agency (IEA) reported a 40% increase in electric car sales, reaching 3 million units in 2020, with an estimated projection of 300 million units by 2030. This surge in demand for zero-emission vehicles is consequently driving the growth of the ethylene propylene diene monomer market.

The expansion of the construction industry is anticipated to be a driving force in the growth of the ethylene propylene diene monomer market. The construction industry encompasses a broad spectrum of activities related to the development, renovation, and maintenance of physical structures and infrastructure. EPDM, valued for its versatility, is utilized in construction to provide long-lasting protection against the elements and contribute to the structural integrity and energy efficiency of buildings. Notably, reports from the United States Census Bureau indicate an over 8% increase in the overall value of residential and non-residential construction in the US between 2020 and 2021. Additionally, global construction output in 2020, as reported by Oxford Economics, stood at US$10.7 trillion, and it is projected to experience significant growth of approximately 42%, reaching US$15.2 trillion by 2030. This upswing in the construction industry is expected to propel the demand for ethylene propylene diene monomer.

A noteworthy trend in the ethylene propylene diene monomer market is product innovation, with major players focusing on creating innovative products to meet industry demands. This is driven by advancements in technology, membrane research, and the need for more ergonomic products according to contractor requirements. For instance, in January 2021, InterApp, a Swiss valves and actuators manufacturing company, introduced an innovative EPDM liner for its rubber-lined butterfly valves Desponia and Desponia plus. This EPDM liner offers improved compression set and mechanical properties compared to other rubber compounds, catering to the demand for an elastomer compound in extreme temperatures and steam applications. This emphasis on product innovation reflects the industry's commitment to delivering durable and high-performance products to meet evolving requirements.

Major players in the ethylene propylene diene monomer (EPDM) market are strategically focusing on expanding production capacities to meet the rising demand in industries such as automotive, construction, and others. One notable example is Arlanxeo, a Netherlands-based synthetic rubber company, which, in March 2022, announced a 15% increase in its EPDM production capacity at the Changzhou plant in China. This expansion was specifically undertaken to address the growing demand for EPDM in sectors like automotive and construction. The capacity enhancement was achieved through the implementation of efficiency improvement measures at the Changzhou plant, demonstrating Arlanxeo's commitment to meeting the increasing demand in key industries.

In another strategic move, Kumho Petrochemicals, a South Korea-based chemical company, acquired Kumho Polychem in May 2021 for an undisclosed amount. This acquisition was part of Kumho Petrochemicals' efforts to strengthen its competitive position in the synthetic rubber business. Kumho Polychem, based in South Korea, is a chemical company specializing in the production of ethylene propylene diene monomer. This acquisition aligns with Kumho Petrochemicals' strategy to reinforce its presence and capabilities in the EPDM market.

Major companies operating in the ethylene propylene diene monomer market include The Dow Chemical Company, Exxon Mobil Corporation, Firestone Building Products Company LLC, Johns Manville Inc., KUMHO POLYCHEM, The Goodyear Tire & Rubber Company, Kumho Polychem, Carlisle Companies Inc., PetroChina, Versalis S.p.A., Sumitomo Chemical, JSR Corporation, Nizhnekamskneftekhim, Polimeri Europa, Jilin Xingyun Chemical, Lion Elastomers, Eni Versalis, Arlanxeo, Mitsubishi Chemical Corporation, Zhejiang Cenway New Materials, Formosa Plastics Corporation, SABIC, TSRC Corporation

Asia-Pacific was the largest region in the ethylene propylene diene monomer market in 2023. North America was the second-largest region in the ethylene propylene diene monomer market. The regions covered in the global ethylene propylene diene monomer market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the ethylene propylene diene monomer market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA.

The ethylene propylene diene monomer market consists of sales of vinyl norbornene (VNB), dicyclopentadiene (DCPD), and ethylidene norbornene (ENB). Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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