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The use of ethylene propylene across various industries are expected to drive innovation in ethylene propylene (EPDM) manufacturing, thus driving the market during the forecast period.

The global ethylene propylene (EPDM) market is expected to grow from $6.08 billion in 2022 to $6.69 billion in 2023 at a compound annual growth rate (CAGR) of 10.0%. The global ethylene propylene (EPDM) market size is expected to grow from $9.45 billion in 2027 at a CAGR of 9.0%.

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Global Ethylene Propylene (EPDM) Market Segments Include:

• By Product Type: Solution Polymerization, Suspension Polymerization
• By Application: Automotive, Building & Construction, Plastic Modification, Lubricant Additive, Wires & Cables, Tires & Tubes
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global ethylene propylene (EPDM) market in 2021.

Major Market Players in the ethylene propylene (EPDM) market include The Dow Chemical Company, Exxon Mobil Corporation, Johns Manville, Inc., KUMHO POLYCHEM, Lanxess AG, Lion Elastomers LLC.

The increasing demand for ethylene propylene diene monomer (EPDM) rubber produced from bio-based feedstock acts as a key trend driving the growth of the EPDM market. Renewable EPDM rubber uses raw materials such as sugar and glycerin to replace traditional feedstock such as isoprene and butadiene in synthetic rubber production to reduce greenhouse emissions and to achieve sustainability. For instance, Keltan, a Netherlands-based company, produced the first commercial bio-based feedstock, KELTAN ECo., based on renewable raw materials. Therefore, renewable EPDM rubber is expected to increase the market share of the EPDM market.

The Ethylene Propylene (EPDM) Global Market Report 2023  provides a ethylene propylene (EPDM) market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The ethylene propylene (EPDM) market forecast analyzes ethylene propylene (EPDM) market size, ethylene propylene (EPDM) market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Ethylene propylene is a type of synthetic rubber formed as a terpolymer of ethylene, propylene, and a diene component. It is resistant to heat and electricity and is non-reactive towards acids and alkali compounds. Ethylene propylene is used in weather-stripping and seals, glass-run channels, radiators, garden and appliance hoses, tubing, belts, and electrical insulation.

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