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The global market for EPDM in terms of revenue was estimated to be worth around $4.2 billion in 2011 and is expected to reach $6.5 billion by 2017, growing at an estimated CAGR of 6.9% from 2012 to 2017. Asia-Pacific is the largest EPDM market, which is expected to rise due to robust growth in end-user industries such as automotive, wire & cables, and lubricant additives in China and India.
Key market participants in the global EPDM market are LANXESS AG (Germany), ExxonMobil Chemical Corp. (U.S.), Dow Elastomer (U.S.), Mitsui Chemical (Japan), Kumho Petrochemical (South Korea), Lion Copolymer (U.S.), Versalis (Italy), JSR Corporation (Japan), Jilin Chemical (China), SK Global Chemical (Japan), Nizhnekamskneftekhim Inc. (Russia), Sumitomo (Japan), etc.
EPDM are synthetic rubber and are known for their outstanding resistance to heat, ozone, weather, polar substances, and excellent electrical insulation properties. These are widely used in automotive applications, roofing systems, etc. Automotive is primary application in terms of utilization of EPDM.
EPDM is used in the manufacturing of seals, washers, glass-run channels, radiators, garden and appliance hose, tubing, pond liners, belts, electrical insulation, vibrators, O-rings, solar panel heat collectors, UV protection and speaker cone surrounds, electrical wire & cable jackets, roofing membranes, etc.
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