IMARC Group, a leading market research company, has recently releases report titled “Ethylene Propylene Diene Monomer Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global ethylene propylene diene monomer market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market. Report Highlights How Big is the Ethylene Propylene Diene Monomer Market? The global ethylene propylene diene monomer (EPDM) market size reached US$ 4.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 6.4 Billion by 2028, exhibiting a growth rate (CAGR) of 4.5% during 2023-2028. What is Ethylene Propylene Diene Monomer? Ethylene-propylene-diene monomer (EPDM) refers to a copolymer of ethylene, propylene, and a limited amount of non-conjugated diene monomers, which provide cross-linking sites for vulcanization. It has excellent heat, ozone, weathering, and aging resistance, along with enhanced electrical insulation, compression set, and low-temperature properties. It is blended with other polymers to produce car bumpers, fender extensions, and rub strips. It is also utilized in the automotive industry to manufacture radiator and heater hoses, window and door seals, O-rings and gaskets, accumulator bladders, wire and cable connectors and insulators, diaphragms, and weather stripping. Get Your Free Sample Copy of This Report: https://www.imarcgroup.com/ethylene-propylene-diene-monomer-market/requestsample What are the growth prospects and trends in the ethylene propylene diene monomer industry? At present, the increasing demand for EPDM, as it offers resistance from abrasion, tear, impact, and ultraviolet (UV) rays, represents one of the significant factors supporting the growth of the market. Besides this, the rising utilization of EPDM in the manufacturing process of interior panels, rear lamp gaskets, hoses, sidewalls, inner tubes, front and rear bumpers, brake systems, door seals, and other vehicular components is propelling the growth of the market. In addition, the growing installation of EPDM on roofs of apartments and buildings for waterproofing the surface is offering a favorable market outlook. Apart from this, the increasing construction of various residential and commercial infrastructures is supporting the growth of the market. What is included in market segmentation? The report has segmented the market into the following categories: Breakup by Manufacturing Process:
- Solution Polymerization Process
- Slurry and Suspension Process
- Gas-Phase Polymerization Process
- Direct Sales
- Indirect Sales
- Automotive
- Building and Construction
- Manufacturing
- Electrical and Electronics
- Others
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa