MOSCOW (MRC) -- The global EPDM market size, in terms of value, is projected to reach USD7.2 Billion by 2020, at a CAGR of 5.4% between 2015 and 2020, as per Plastemart with reference to Research and Markets.
The increase usage of EPDM in plastic modification applications, increasing domestic consumption in China, and continuous expansion activities undertaken by companies are key factors driving the growth of the global EPDM market.
Currently, Asia-Pacific is the largest market for EPDM, accounting for around 40% of the global market size, by value and volume, in 2014. Among all the countries, China dominates the EPDM market in 2014, closely followed by U.S. Malaysia is the fastest-growing market in the world and is expected to surpass China and Japan in the EPDM market in the near future.
Along with the rising demand of EPDM in the Asia-Pacific region, international EPDM manufacturing companies find it reasonable to manufacture EPDM products in the Asia-Pacific region than other regions due to the lower cost of labor.
As MRC wrote before, Dow Elastomers, a business unit of The Dow Chemical Company, will soon break ground on its planned world-scale NORDEL EPDM facility in Plaquemine, La., which will utilize the company’s newest proprietary catalyst technology to enable products with high Mooney viscosity. The facility, which will service customers globally, is expected to come online in 2016 and will leverage Dow’s comprehensive investment plan to serve its downstream businesses through increased ethylene and propylene production in the US Gulf Coast and to connect the company's US operations into feedstock opportunities from increasing supplies of shale gas.
EPDM is a synthetic rubber composed of ethylene and propylene. It displays properties such as resistance to heat, weather, ozone, and polar substances, and is an excellent electrical insulator. It can be manufactured by three different processes: solution process, slurry process, and gas-phase process. EPDM is used in various applications in the automotive, molded goods, building and construction, lubricant additive, and plastic modification sectors.
MRC