Ethylene propylene diene monomer rubber is a popular type of synthetic rubber, which is an elastomer. EPDM rubber has diverse range of applications, which make it ideal for different industries. This type of rubber is highly resistant to ozone, heat and different weather conditions. The rubber is also resistant to steam and polar substance. These exceptional characters drive demand in EPDM rubber market, which is expected to grow at a steady rate in terms of growth, market trends, and demand and business opportunities in the future. Growth in global automotive and construction industries also plays significant role in the overall conditions of the rubber industry. Emerging markets also have great influence on the rise in demand and production of EPDM rubber products available on the market.
Applications of EPDM Rubber
Strong weather and element resistance properties make EPDM rubber highly beneficial across different industries. These products are ideal to be used for electrical insulation and roofing systems. Apart from that, the products are also used for the production of washers, seals, radiators, glass-run channels, appliance hoses, garden hoses, pond liners, belts, tubing, vibrators, solar panel heat collectors, speaker cone surrounds, UV protectors, electric cable jackets, roofing membranes, o-rings and many more products. Global EPDM rubber market is categorized on the basis of the types of applications and demand in different geographic regions. Based on applications across different industrial verticals, the market is segmented into automotive, construction and building industries. Based on geographic regions, the industry is segmented into four major regions – Asia Pacific, North America, Europe and rest of the world.
Market Drivers and Future Prospects
Growth in automotive and construction markets is bringing dramatic changes in global EPDM rubber market. Competitive environment within the industry is also developing the markets in different matters including production capacity, market barriers and product utilization. Increasing demand in the industry seeps from growth of different industries in the Asia Pacific regions. Along with the developed regions like Europe and North America, emerging markets are recording rapid growth in terms of demand and applications for EPDM rubber products. Based on the forecasting reports, EPDM rubber market is expected to grow at a CAGR of over 6% from 2012 to 2017. During the forecasting period, the industry will jump up from $4.2 billion in 2011 to $6.5 billion by 2017.
Increasing demand for wires, cables, automotive and lubricant additives in developing countries like India and China are expected to create better business opportunities in global market for EPDM rubber products.