The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

**1. Market Growth Overview

The ethylene propylene (EPDM) market has experienced rapid growth, surging from $6.74 billion in 2023 to an anticipated $7.47 billion in 2024, reflecting a remarkable compound annual growth rate (CAGR) of 10.8%. This robust growth in the historic period can be primarily attributed to the automotive industry, construction and building materials, electrical and electronics, and consumer goods.

**2. Anticipating Continued Momentum

Forecasts for the coming years paint an optimistic picture, with the market size projected to escalate to $10.8 billion in 2028, boasting a strong CAGR of 9.7%. The growth in the forecast period is driven by various factors, including the expansion of renewable energy infrastructure, automotive electrification, the adoption of green and sustainable materials, and the influence of the oil and gas sector. Notable trends in this forecast period encompass bio-based EPDM, high-performance formulations, recycled EPDM, and the emergence of flexible electronics and conductive applications.

**3. Rising Construction Demand

The ethylene-propylene market is set to experience robust growth, propelled by the increasing demand for construction activities globally. EPDM rubber, with its versatile properties, finds extensive use in construction applications such as roofing membranes, waterproofing systems, weather stripping, and vibration isolation. Noteworthy statistics include a 3.7% increase in building activities in March 2021, as reported by Stats NZ Tatauranga Aotearoa, and a 10.2% growth in the value of construction activities in the U.S., reaching $1,792.9 billion in 2022.

• Example: According to the US Census Bureau, the value of construction activities increased from $1,626.4 billion in 2021 to $1,792.9 billion in 2022, with a growth rate of 10.2%.

**4. Key Players in the Ethylene Propylene Market

Major players driving the ethylene propylene (EPDM) market include industry giants like Dow Chemical Company, Exxon Mobil Corporation, Lanxess AG, SK Global Chemical Co. Ltd., and many more. These companies play a pivotal role in shaping market dynamics through their extensive portfolios and global presence.

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**5. Introduction of High-Performance and Sustainable Engineering Polymers

Leading companies in the ethylene propylene market are focusing on groundbreaking technologies to maintain a competitive edge. The introduction of Stelora, a new category of synthetic polymers by Borealis AG, exemplifies this commitment. Stelora offers improved strength, durability, and heat resistance, setting new standards in performance and sustainability. This environmentally friendly engineering polymer replaces traditional alternatives, bridging the thermal performance gap and contributing to the growth of the ethylene propylene market.

• Example: Borealis AG launched Stelora, a brand-new engineering polymer class that sets performance and sustainability standards.

**6. Market Segmentation Insights

The ethylene propylene (EPDM) market is segmented based on product types such as solution polymerization and suspension polymerization. Applications cover a diverse range, including automotive, building and construction, plastic modification, lubricant additives, wires and cables, and tires and tubes.

**7. Asia-Pacific Dominates the Landscape

As of 2023, Asia-Pacific stands out as the largest region in the ethylene propylene (EPDM) market, highlighting the region’s pivotal role in market dynamics. The vibrant growth in construction and industrial activities contributes significantly to the dominance of this region.

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The Ethylene Propylene (EPDM) Global Market Report 2024  provides an overview of the ehylene popylene (EPDM) market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The ehylene popylene (EPDM) market forecast analyzes ehylene popylene (EPDM) market size, ehylene popylene (EPDM) market share, leading competitor and their market positions.

The Table Of Content For The Ethylene Propylene (EPDM) Market Include:
1. Ethylene Propylene (EPDM) Market Executive Summary
2. Ethylene Propylene (EPDM) Market Segments
3. Ethylene Propylene (EPDM) Market Size And Ethylene Propylene (EPDM) Market Growth Rate
4. Key Ethylene Propylene (EPDM) Market Trends
5. Major Ethylene Propylene (EPDM) Market Drivers
……
25. Key Mergers And Acquisitions In The Ethylene Propylene (EPDM) Market
26. Top Ethylene Propylene (EPDM) Companies
27. Ethylene Propylene (EPDM) Market Opportunities And Strategies
28. Ethylene Propylene (EPDM) Market, Conclusions And Recommendations
29. Appendix

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