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DUBLIN, June 8, 2022 /PRNewswire/ — The “Ethylene Propylene Diene Monomer (EPDM) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” report has been added to ResearchAndMarkets.com’s offering.
The global ethylene propylene diene monomer (EPDM) market reached a value of US$ 4.61 Billion in 2021. Looking forward, the publisher expects the market to reach a value of US$ 6.32 Billion by 2027 exhibiting a CAGR of 5.10% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Ethylene propylene diene monomer (EPDM) is a versatile synthetic rubber with unique performance properties. It is a copolymer of ethylene, propylene, and diene monomers and is manufactured through suspension, solution polymerization, or gas-phase polymerization processes.
It is commonly used in belts, window and door seals, tubing, roofing membrane, non-slip coatings, radiator, drain tubes, and trunk seals. EPDM exhibits various properties, such as excellent aging, heat, chemical, ozone and weathering resistance, electrical insulation, compression set, and low operating temperatures. As compared to silicon, EPDM offers higher tear strength, durability, and greater bonding with metal, on account of which, it is widely used across the construction, automotive, manufacturing, electrical, and electronics industries.
Significant growth in the automotive industry across the globe is creating a positive outlook for the market. EPDM is widely used in cable jacketing, suspension bellows, plugs, molded seals, tubing, and air ducts. Additionally, the increasing product utilization in construction and building applications, such as roofing solutions, basements, swimming pools, and podium decks due to their high flexibility and cost-effectiveness, is favoring the market growth.
Various product innovations, such as the introduction of bio-based EPDM, that offer temperature flexibility, adhesion to metal, and oil resistance are providing an …
Full story available on Benzinga.com
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