Ethylene Propylene Diene Monomer (EPDM) Market Size, Share & Trends Report

Ethylene Propylene Diene Monomer (EPDM) Market Size, Share & Trends Analysis Report By Product (Hoses, Seals & O-Rings), By Application (Building & Construction, Tires & Tubes, Automotive), And Segment Forecasts, 2023 - 2030

  • Report ID: GVR-2-68038-685-1
  • Number of Report Pages: 180
  • Format: PDF, Horizon Databook
  • Historical Range: 2019 - 2021
  • Forecast Period: 2023 - 2030 
  • Industry: Bulk Chemicals

Market Segmentation

  • Ethylene Propylene Diene Monomer (EPDM) Product Outlook (Volume, Kilotons; Revenue, USD Million, 2019 - 2030)
    • Hoses
    • Seals & O-Rings
    • Gaskets
    • Rubber Compounds
    • Roofing Membranes
    • Connectors and insulators
    • Weather Stripping
    • Others
  • Ethylene Propylene Diene Monomer (EPDM) Application Outlook (Volume, Kilotons; Revenue, USD Million, 2019 - 2030)
    • Building & Construction
    • Wires & Cables
    • Electrical & Electronics
    • Lubricant Additive
    • Plastic Modifications
    • Automotive
    • Tires & Tubes
    • Others
  • Ethylene Propylene Diene Monomer (EPDM) Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2019 - 2030)
    • North America
      • North America Ethylene Propylene Diene Monomer (EPDM) Market by Product
        • Hoses
        • Seals & O-Rings
        • Gaskets
        • Rubber Compounds
        • Roofing Membranes
        • Connectors and insulators
        • Weather Stripping
        • Others
      • North America Ethylene Propylene Diene Monomer (EPDM) Market by Application
        • Building & Construction
        • Wires & Cables
        • Electrical & Electronics
        • Lubricant Additive
        • Plastic Modifications
        • Automotive
        • Tires & Tubes
        • Others
      • U.S.
        • U.S. Ethylene Propylene Diene Monomer (EPDM) Market by Product
          • Hoses
          • Seals & O-Rings
          • Gaskets
          • Rubber Compounds
          • Roofing Membranes
          • Connectors and insulators
          • Weather Stripping
          • Others
        • U.S. Ethylene Propylene Diene Monomer (EPDM) Market by Application
          • Building & Construction
          • Wires & Cables
          • Electrical & Electronics
          • Lubricant Additive
          • Plastic Modifications
          • Automotive
          • Tires & Tubes
          • Others
      • Canada
        • Canada Ethylene Propylene Diene Monomer (EPDM) Market by Product
          • Hoses
          • Seals & O-Rings
          • Gaskets
          • Rubber Compounds
          • Roofing Membranes
          • Connectors and insulators
          • Weather Stripping
          • Others
        • Canada Ethylene Propylene Diene Monomer (EPDM) Market by Application
          • Building & Construction
          • Wires & Cables
          • Electrical & Electronics
          • Lubricant Additive
          • Plastic Modifications
          • Automotive
          • Tires & Tubes
          • Others
      • Mexico
        • Mexico Ethylene Propylene Diene Monomer (EPDM) Market by Product
          • Hoses
          • Seals & O-Rings
          • Gaskets
          • Rubber Compounds
          • Roofing Membranes
          • Connectors and insulators
          • Weather Stripping
          • Others
        • Mexico Ethylene Propylene Diene Monomer (EPDM) Market by Application
          • Building & Construction
          • Wires & Cables
          • Electrical & Electronics
          • Lubricant Additive
          • Plastic Modifications
          • Automotive
          • Tires & Tubes
          • Others
    • Europe
      • Europe Ethylene Propylene Diene Monomer (EPDM) Market by Product
        • Hoses
        • Seals & O-Rings
        • Gaskets
        • Rubber Compounds
        • Roofing Membranes
        • Connectors and insulators
        • Weather Stripping
        • Others
      • Europe Ethylene Propylene Diene Monomer (EPDM) Market by Application
        • Building & Construction
        • Wires & Cables
        • Electrical & Electronics
        • Lubricant Additive
        • Plastic Modifications
        • Automotive
        • Tires & Tubes
        • Others
      • Germany
        • Germany Ethylene Propylene Diene Monomer (EPDM) Market by Product
          • Hoses
          • Seals & O-Rings
          • Gaskets
          • Rubber Compounds
          • Roofing Membranes
          • Connectors and insulators
          • Weather Stripping
          • Others
        • Germany Ethylene Propylene Diene Monomer (EPDM) Market by Application
          • Building & Construction
          • Wires & Cables
          • Electrical & Electronics
          • Lubricant Additive
          • Plastic Modifications
          • Automotive
          • Tires & Tubes
          • Others
      • France
        • France Ethylene Propylene Diene Monomer (EPDM) Market by Product
          • Hoses
          • Seals & O-Rings
          • Gaskets
          • Rubber Compounds
          • Roofing Membranes
          • Connectors and insulators
          • Weather Stripping
          • Others
        • France Ethylene Propylene Diene Monomer (EPDM) Market by Application
          • Building & Construction
          • Wires & Cables
          • Electrical & Electronics
          • Lubricant Additive
          • Plastic Modifications
          • Automotive
          • Tires & Tubes
          • Others
      • U.K.
        • U.K. Ethylene Propylene Diene Monomer (EPDM) Market by Product
          • Hoses
          • Seals & O-Rings
          • Gaskets
          • Rubber Compounds
          • Roofing Membranes
          • Connectors and insulators
          • Weather Stripping
          • Others
        • U.K. Ethylene Propylene Diene Monomer (EPDM) Market by Application
          • Building & Construction
          • Wires & Cables
          • Electrical & Electronics
          • Lubricant Additive
          • Plastic Modifications
          • Automotive
          • Tires & Tubes
          • Others
      • Italy
        • Italy Ethylene Propylene Diene Monomer (EPDM) Market by Product
          • Hoses
          • Seals & O-Rings
          • Gaskets
          • Rubber Compounds
          • Roofing Membranes
          • Connectors and insulators
          • Weather Stripping
          • Others
        • Italy Ethylene Propylene Diene Monomer (EPDM) Market by Application
          • Building & Construction
          • Wires & Cables
          • Electrical & Electronics
          • Lubricant Additive
          • Plastic Modifications
          • Automotive
          • Tires & Tubes
          • Others
    • Asia Pacific
      • Asia Pacific Ethylene Propylene Diene Monomer (EPDM) Market by Product
        • Hoses
        • Seals & O-Rings
        • Gaskets
        • Rubber Compounds
        • Roofing Membranes
        • Connectors and insulators
        • Weather Stripping
        • Others
      • Asia Pacific Ethylene Propylene Diene Monomer (EPDM) Market by Application
        • Building & Construction
        • Wires & Cables
        • Electrical & Electronics
        • Lubricant Additive
        • Plastic Modifications
        • Automotive
        • Tires & Tubes
        • Others
      • China
        • China Ethylene Propylene Diene Monomer (EPDM) Market by Product
          • Hoses
          • Seals & O-Rings
          • Gaskets
          • Rubber Compounds
          • Roofing Membranes
          • Connectors and insulators
          • Weather Stripping
          • Others
        • China Ethylene Propylene Diene Monomer (EPDM) Market by Application
          • Building & Construction
          • Wires & Cables
          • Electrical & Electronics
          • Lubricant Additive
          • Plastic Modifications
          • Automotive
          • Tires & Tubes
          • Others
      • India
        • India Ethylene Propylene Diene Monomer (EPDM) Market by Product
          • Hoses
          • Seals & O-Rings
          • Gaskets
          • Rubber Compounds
          • Roofing Membranes
          • Connectors and insulators
          • Weather Stripping
          • Others
        • India Ethylene Propylene Diene Monomer (EPDM) Market by Application
          • Building & Construction
          • Wires & Cables
          • Electrical & Electronics
          • Lubricant Additive
          • Plastic Modifications
          • Automotive
          • Tires & Tubes
          • Others
      • Japan
        • Japan Ethylene Propylene Diene Monomer (EPDM) Market by Product
          • Hoses
          • Seals & O-Rings
          • Gaskets
          • Rubber Compounds
          • Roofing Membranes
          • Connectors and insulators
          • Weather Stripping
          • Others
        • Japan Ethylene Propylene Diene Monomer (EPDM) Market by Application
          • Building & Construction
          • Wires & Cables
          • Electrical & Electronics
          • Lubricant Additive
          • Plastic Modifications
          • Automotive
          • Tires & Tubes
          • Others
      • South Korea
        • South Korea Ethylene Propylene Diene Monomer (EPDM) Market by Product
          • Hoses
          • Seals & O-Rings
          • Gaskets
          • Rubber Compounds
          • Roofing Membranes
          • Connectors and insulators
          • Weather Stripping
          • Others
        • South Korea Ethylene Propylene Diene Monomer (EPDM) Market by Application
          • Building & Construction
          • Wires & Cables
          • Electrical & Electronics
          • Lubricant Additive
          • Plastic Modifications
          • Automotive
          • Tires & Tubes
          • Others
    • Central & South America
      • Central & South America Ethylene Propylene Diene Monomer (EPDM) Market by Product
        • Hoses
        • Seals & O-Rings
        • Gaskets
        • Rubber Compounds
        • Roofing Membranes
        • Connectors and insulators
        • Weather Stripping
        • Others
      • Central & South America Ethylene Propylene Diene Monomer (EPDM) Market by Application
        • Building & Construction
        • Wires & Cables
        • Electrical & Electronics
        • Lubricant Additive
        • Plastic Modifications
        • Automotive
        • Tires & Tubes
        • Others
      • Brazil
        • Brazil Ethylene Propylene Diene Monomer (EPDM) Market by Product
          • Hoses
          • Seals & O-Rings
          • Gaskets
          • Rubber Compounds
          • Roofing Membranes
          • Connectors and insulators
          • Weather Stripping
          • Others
        • Brazil Ethylene Propylene Diene Monomer (EPDM) Market by Application
          • Building & Construction
          • Wires & Cables
          • Electrical & Electronics
          • Lubricant Additive
          • Plastic Modifications
          • Automotive
          • Tires & Tubes
          • Others
      • Argentina
        • Argentina Ethylene Propylene Diene Monomer (EPDM) Market by Product
          • Hoses
          • Seals & O-Rings
          • Gaskets
          • Rubber Compounds
          • Roofing Membranes
          • Connectors and insulators
          • Weather Stripping
          • Others
        • Argentina Ethylene Propylene Diene Monomer (EPDM) Market by Application
          • Building & Construction
          • Wires & Cables
          • Electrical & Electronics
          • Lubricant Additive
          • Plastic Modifications
          • Automotive
          • Tires & Tubes
          • Others
    • Middle East & Africa
      • Middle East & Africa Ethylene Propylene Diene Monomer (EPDM) Market by Product
        • Hoses
        • Seals & O-Rings
        • Gaskets
        • Rubber Compounds
        • Roofing Membranes
        • Connectors and insulators
        • Weather Stripping
        • Others
      • Middle East & Africa Ethylene Propylene Diene Monomer (EPDM) Market by Application
        • Building & Construction
        • Wires & Cables
        • Electrical & Electronics
        • Lubricant Additive
        • Plastic Modifications
        • Automotive
        • Tires & Tubes
        • Others
      • Saudi Arabia
        • Saudi Arabia Ethylene Propylene Diene Monomer (EPDM) Market by Product
          • Hoses
          • Seals & O-Rings
          • Gaskets
          • Rubber Compounds
          • Roofing Membranes
          • Connectors and insulators
          • Weather Stripping
          • Others
        • Saudi Arabia Africa Ethylene Propylene Diene Monomer (EPDM) Market by Application
          • Building & Construction
          • Wires & Cables
          • Electrical & Electronics
          • Lubricant Additive
          • Plastic Modifications
          • Automotive
          • Tires & Tubes
          • Others
      • South Africa
        • South Africa Ethylene Propylene Diene Monomer (EPDM) Market by Product
          • Hoses
          • Seals & O-Rings
          • Gaskets
          • Rubber Compounds
          • Roofing Membranes
          • Connectors and insulators
          • Weather Stripping
          • Others
        • South Africa Ethylene Propylene Diene Monomer (EPDM) Market by Application
          • Building & Construction
          • Wires & Cables
          • Electrical & Electronics
          • Lubricant Additive
          • Plastic Modifications
          • Automotive
          • Tires & Tubes
          • Others

Ethylene Propylene Diene Monomer (EPDM) Market Dynamics

Driver: Rising demand from Asia Pacific for EPDM products in end-use markets

The Asia Pacific region has significantly contributed to the global demand for EPDM. The growth of automotive, construction, and manufacturing industries, particularly in countries such as India, China, and other Southeast Asian nations, has fueled the need for EPDM in this region. The increasing population, rapid urbanization, and industrialization in developing economies have prompted governments to allocate more funds towards construction projects to support the growing infrastructure development. As a result, the demand for EPDM in infrastructure and construction applications is expected to rise, especially in China and India, where governments are increasing their construction spending. In China, the construction industry is one of the major consumers of EPDM. According to the National Bureau of Statistics, the value added by the construction industry in China reached USD 1,161.24 billion (Chinese Yuan Renminbi 8,013.8 billion) in 2021, showing a growth rate of 38.4% compared to 2017. Despite the current economic instability affecting the construction sector in China, the government has introduced a development plan for its 14th Five-Year Plan (2021-2025), which is expected to drive the construction market in the country and subsequently increase the demand for EPDM products in construction applications. The Asian Development Bank projects that Asia will witness an investment of approximately USD 8 trillion by 2020. The Chinese government has recently implemented various national reform strategies like the Belt and Road Initiative and the 13th five-year plan, facilitating mergers and acquisitions between domestic and overseas companies. Additionally, companies are increasingly adopting an investment-led EPC (Engineering, Procurement, and Construction) model, further driving the overall demand for EPDM in China.

Driver: Growing demand for elastomer blends

Elastomer blends have experienced an increasing demand in various industries due to the limitations of individual elastomers such as silicone, EPDM, nitrile rubber, natural rubber, butadiene rubber, and neoprene. The high cost of superior-grade elastomers restricts their use in applications across automotive, construction, medical, industrial, consumer goods, and wires & cables sectors. Elastomer blending is employed to enhance the performance characteristics of rubber products. Silicone offers excellent resistance to sunlight, weathering, and oxidation, making it valuable in low or high service temperatures. However, its poor abrasion resistance and limited chemical resistance to gasoline, alkalis, oil, acids, and solvents hinder its application in various fields. The relatively high cost of silicone further restricts its usage in a wide range of applications. Manufacturers of rubber products utilize EPDM and silicone blends to meet the requirements of applications that demand a combination of properties exhibited by both materials. EPDM/silicone blends are used in the production of belts, o-rings, and seals that require good chemical resistance and the ability to function under extreme temperatures. Blends of natural rubber and polybutadiene rubber are commonly used in tire sidewall applications, often incorporating a stabilizer such as 6PPD to prevent degradation caused by heat, oxygen, and ozone. However, the addition of 6PPD results in discoloration of the tire sidewall surface. Incorporating EPDM into NR/BR blends helps enhance ozone resistance and eliminates the need for 6PPD.

Restraint: Fluctuation in crude oil prices

The global EPDM market heavily relies on the petroleum industry to obtain primary raw materials like ethylene and propylene. Crude oil, being a commodity, experiences significant price fluctuations due to factors such as demand and supply dynamics, seasonal variations, natural disasters, and other influencers. These fluctuations ultimately impact all its by-products, including plastic polymers. The political instability in oil-producing nations like Saudi Arabia, Iraq, and others in the Middle East has led to extreme price fluctuations. Additionally, social unrest and consumer fears in Nigeria, Iraq, Venezuela, Iran, and Libya have negatively affected the supply of crude oil in recent times. The United States plays a crucial role in the crude oil supply, and its actions have significant consequences. For example, in 2016, Venezuela and Iran accounted for a substantial portion of India's crude oil imports, and the trading countries enjoyed a cordial relationship. However, by 2021, due to secondary sanctions imposed by the U.S., India's crude oil imports from Iran dropped significantly and eventually stopped. As a result, India started importing crude oil from the U.S., considerably reducing the global oil flow. Terrorist attacks in the Middle East also have a profound impact on the supply and prices of crude oil. In January 2021, Houthi rebels in Yemen attacked three petroleum tankers near ADNOC's storage facilities in the UAE, causing Brent Crude to rise to USD 87.51 per barrel and U.S. West Texas Intermediate to USD 85.43 per barrel. Such incidents not only increase the prices of crude oil but also affect the availability and cost of raw materials like ethylene and propylene for EPDM production, thereby restraining the growth of the EPDM market.

What Does This Report Include?

This section will provide insights into the contents included in this ethylene propylene diene monomer (EPDM) market report and help gain clarity on the structure of the report to assist readers in navigating smoothly.

Ethylene propylene diene monomer (EPDM) market qualitative analysis

  • Industry overview

  • Industry trends

  • Market drivers and restraints

  • Market size

  • Growth prospects

  • Porter’s analysis

  • PESTEL analysis

  • Key market opportunities prioritized

  • Competitive landscape

    • Company overview

    • Financial performance

    • Product benchmarking

    • Latest strategic developments

Ethylene propylene diene monomer (EPDM) market quantitative analysis

  • Market size, estimates, and forecast from 2019 to 2030

  • Market estimates and forecast for product segments up to 2030

  • Regional market size and forecast for product segments up to 2030

  • Market estimates and forecast for application segments up to 2030

  • Regional market size and forecast for application segments up to 2030

  • Company financial performance

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