Market Overview:
The global ethylene propylene rubber market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for ethylene propylene rubber from the automotive, tires & tubes, lubricant additives, building & construction, plastic modifications and wires & cables industries. Additionally, the growing demand for ethylene propylene rubber in emerging economies such as Asia Pacific and Latin America is also contributing to the growth of this market. However, volatility in raw material prices may restrain the growth of this market during the forecast period.
Product Definition:
Ethylene Propylene Rubber is a synthetic rubber that is used in a variety of applications, including automotive parts, hoses, belts, and seals. It has good resistance to oil and heat and can be used in both high- and low-temperature environments.
Ethylene Propylene Monomer (EPM):
Ethylene Propylene Monomer (EPM) is a kind of synthetic rubber, which is produced by the polymerization of ethylene and propylene. It has properties similar to that of natural rubber; however, it does not contain any significant amount of carbon black. EPM can be used as an alternative for natural rubber in various applications such as gasketing and sealing compounds owing to its high resistance against oxygen, ozone and other oxidizing agents.
EPDM:
Ethylene Propylene Diene Monomer (EPDM) is a kind of synthetic rubber manufactured by the polymerization of ethylene and propylene. It has properties similar to that of natural rubber, but with improved resistance to oils, fuels, and other chemicals.
Application Insights:
Automotive was the largest application segment in 2017 and is projected to witness significant growth over the forecast period. The global ethylene propylene rubber market for automotive applications was valued at USD 1,658.5 million in 2017 and is expected to witness a CAGR of XX% from 2018 to 2030 owing to increasing vehicle production coupled with high consumer demand for tires across various regions including North America and Europe.
Tire & tube manufacturing sector emerged as another prominent application segment owing to its growing usage as an additive during manufacturing process of tubes, belts, inner liners, treads and sidewalls among others which are majorly used in passenger cars & light commercial vehicles (LCVs). Growing LCV sales particularly in emerging markets such as China along with India are anticipated to augment industry growth over the forecast period.
Regional Analysis:
Asia Pacific dominated the global ethylene propylene rubber market in 2016 and is expected to continue its dominance over the forecast period. The presence of major automobile manufacturers such as Toyota, Honda, Nissan and Mazda coupled with growing demand from tire manufacturing companies such as Bridgestone, Goodyear and Michelin for their products is anticipated to drive product consumption in APAC.
The automotive sector growth in China along with increasing production capacity has resulted into high demand for tires which will further propel EPDM consumption. In addition, rising investments by various companies for expanding their businesses including construction materials modification are likely to augment product usage over the next eight years.
North America was one of the largest consumers of ethylene propylene rubber due to presence of a large number of industries that use these products on a large scale basis coupled with extensive usage across numerous applications including building & construction; automotive; lubricant additives; plastic modifications etcetera.
Growth Factors:
- Increasing demand for automobiles and tires in developing countries
- Growing construction industry in emerging economies
- Rising demand for EPR in medical and healthcare applications
- Increasing use of EPR as a sealant and adhesive
- Technological advancements that improve the properties of EPR
Scope Of The Report
Report Attributes
Report Details
Report Title
Ethylene Propylene Rubber Market Research Report
By Type
Ethylene Propylene Monomer (EPM), EPDM
By Application
Automotive, Tires & tube, Lubricant additives, Building & construction, Plastic modifications, Wires & cables
By Companies
ExxonMobil Chemical Company, JSR Corporation, LANXESS AG, Firestone Building Products Company LLC, Versalis, Lion Copolymer LLC, Kumho Polychem Co. Ltd, SK Global Chemical Co. Ltd, Mitsui Chemicals, ExxonMobil Chemical Company
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
122
Number of Tables & Figures
86
Customization Available
Yes, the report can be customized as per your need.
Global Ethylene Propylene Rubber Market Report Segments:
The global Ethylene Propylene Rubber market is segmented on the basis of:
Types
Ethylene Propylene Monomer (EPM), EPDM
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automotive, Tires & tube, Lubricant additives, Building & construction, Plastic modifications, Wires & cables
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ExxonMobil Chemical Company
- JSR Corporation
- LANXESS AG
- Firestone Building Products Company LLC
- Versalis, Lion Copolymer LLC
- Kumho Polychem Co. Ltd
- SK Global Chemical Co. Ltd
- Mitsui Chemicals
- ExxonMobil Chemical Company
Highlights of The Ethylene Propylene Rubber Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Ethylene Propylene Monomer (EPM)
- EPDM
- By Application:
- Automotive
- Tires & tube
- Lubricant additives
- Building & construction
- Plastic modifications
- Wires & cables
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Ethylene Propylene Rubber Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Ethylene propylene rubber (EPR) is a type of synthetic rubber that is made from ethylene and propylene. It has good resistance to heat, cold, oil, and gas. EPR is also resistant to most chemicals and can be vulcanized into a variety of shapes.
Some of the major companies in the ethylene propylene rubber market are ExxonMobil Chemical Company, JSR Corporation, LANXESS AG, Firestone Building Products Company LLC, Versalis, Lion Copolymer LLC, Kumho Polychem Co. Ltd, SK Global Chemical Co. Ltd, Mitsui Chemicals, ExxonMobil Chemical Company.
The ethylene propylene rubber market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Ethylene Propylene Rubber Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Ethylene Propylene Rubber Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Ethylene Propylene Rubber Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Ethylene Propylene Rubber Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Ethylene Propylene Rubber Market Size & Forecast, 2020-2028
4.5.1 Ethylene Propylene Rubber Market Size and Y-o-Y Growth
4.5.2 Ethylene Propylene Rubber Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Ethylene Propylene Monomer (EPM)
5.2.2 EPDM
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Automotive
6.2.2 Tires & tube
6.2.3 Lubricant additives
6.2.4 Building & construction
6.2.5 Plastic modifications
6.2.6 Wires & cables
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Ethylene Propylene Rubber Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Ethylene Propylene Rubber Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Ethylene Propylene Monomer (EPM)
9.6.2 EPDM
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Automotive
9.10.2 Tires & tube
9.10.3 Lubricant additives
9.10.4 Building & construction
9.10.5 Plastic modifications
9.10.6 Wires & cables
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Ethylene Propylene Monomer (EPM)
10.6.2 EPDM
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Automotive
10.10.2 Tires & tube
10.10.3 Lubricant additives
10.10.4 Building & construction
10.10.5 Plastic modifications
10.10.6 Wires & cables
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Ethylene Propylene Monomer (EPM)
11.6.2 EPDM
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Automotive
11.10.2 Tires & tube
11.10.3 Lubricant additives
11.10.4 Building & construction
11.10.5 Plastic modifications
11.10.6 Wires & cables
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Ethylene Propylene Monomer (EPM)
12.6.2 EPDM
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Automotive
12.10.2 Tires & tube
12.10.3 Lubricant additives
12.10.4 Building & construction
12.10.5 Plastic modifications
12.10.6 Wires & cables
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Ethylene Propylene Monomer (EPM)
13.6.2 EPDM
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Automotive
13.10.2 Tires & tube
13.10.3 Lubricant additives
13.10.4 Building & construction
13.10.5 Plastic modifications
13.10.6 Wires & cables
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Ethylene Propylene Rubber Market: Competitive Dashboard
14.2 Global Ethylene Propylene Rubber Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ExxonMobil Chemical Company
14.3.2 JSR Corporation
14.3.3 LANXESS AG
14.3.4 Firestone Building Products Company LLC
14.3.5 Versalis, Lion Copolymer LLC
14.3.6 Kumho Polychem Co. Ltd
14.3.7 SK Global Chemical Co. Ltd
14.3.8 Mitsui Chemicals
14.3.9 ExxonMobil Chemical Company
