Epdm Market Estimate To Boost Growth In Demand By : Global Forecast, 2020

 

The impact of COVID-19 pandemic can be felt across the chemical industry. The growing inability in the production and manufacturing processes, in the light of the self-quarantined workforce has caused a major disruption in the supply chain across the sector. Restrictions encouraged by this pandemic are obstructing the production of essentials such as life-saving drugs.

The nature of operation in chemical plants that cannot be easily stopped and started, makes the operational restrictions in these plants a serious concern for the industry leaders. Restricted and delayed shipments from China have created a price hike in the raw materials, affecting the core of the chemicals industry.

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The slacking demand from different impacted industries such as automotive is negatively influencing the growth of the chemical industry. In light of the current crisis, the market leaders are focused to become self-reliant which is expected to benefit the economic growth of different economies in the longer term. Companies are triggering events to restructure and recover from the losses incurred during the COVID-19 pandemic.

EPDM or Ethylene Propylene Diene Monomer is a high-density synthetic rubber and is very durable in nature. EPDM is mainly suitable for use in electrical insulation, gaskets and for lamination. It has high resistance to tearing, solvents, abrasives and temperatures. EPDM can be finished to a particularly smooth surface. It has excellent elasticity at low and high temperatures.

It has superb electrical insulating properties and good resistance to ordinary diluted acids, ketones and alkaline.

EPDM is used in various industries including building & construction, plastic modification, tires & tubes, automotive, wires & cables and lubricant additives. The global automotive industry is a major consumer of EPDM. In automotive industry, EDPM is used in manufacturing of brake parts, windshield wipers, radiator, glass-run channel, body sealing, tubing, belts, weather-stripping, engine mounts, roofing membrane, motor oil additive applications and thermoplastic vulcanisates. EPDM is also used in making vehicle glazing systems, moisture barriers, o-rings, valves and pumps.

Asia Pacific is the largest and fastest growing market for EPDM across the world. EPDM is used for manufacturing of many automobile interiors parts. Growth in automobiles industry in China, India, Japan, South Korea and Thailand further boost the EPDM market in Asia Pacific region.

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EPDM is used as a substitute of thermoplastic vulcanisates (TPV) and thermoplastic olefins (TPO) in plastic manufacturing industry. Upgrading technology in manufacturing of plastic modification further helps in the growth of EPDM market. LANXESS AG (a specialty chemicals based German company) focuses on manufacturing of innovative EPDM by including various materials, which reduces their negative impact on environment. Such innovation by the company leads to increase the demand of EPDM. Due to environmental concern in Germany, many industries such as automobiles and plastics prefer to use innovative EPDM. This leads to further fuels the EPDM market in European region.

Major companies operating in global EPDM (Ethylene propylene diene monomer) markets are

  • Carlisle Companies Incorporated
  • Dow Elastomers
  • Exxonmobil Chemical Company
  • JSR Corporation
  • Johns Manville Incorporated
  • Kumho Polychem Co. Ltd.
  • Lanxess AG
  • Lion Copolymer Llc.
  • Mitsui Chemicals Inc
  • OAO Nizhnekamskneftekhim
  • Petrochina Co. Ltd.
  • SK Global Chemical Co. Ltd.
  • Versalis (Polymer Europa Spa) and Sumitomo Chemical Co. Ltd.

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