New York, EPDM (ethylene propylene diene monomer) is a synthetic rubber that is used in a variety of applications. It has excellent resistance to heat, oxidation, and weathering, making it ideal for outdoor use. EPDM also has good electrical insulation properties and is used in a variety of electrical applications.
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Key Players
The global EPDM market includes players such as Dow Inc, PetroChina Co Ltd, Versalis S.p.A, SK Global Chemical Ltd, Mitsui Chemicals, Lion Elastomers LLC, SABIC, Exxon Mobil Corporation, Arlanxeo, Sumitomo Chemical, and others.
Key Trends
One of the key trends in EPDM technology is the development of more environmentally friendly products. This is being driven by both government regulations and consumer demand.
Another key trend is the development of products that are more durable and require less maintenance. This is driven by the need to reduce costs and increase efficiency.
Finally, manufacturers are also working to develop products that are easier to install and use. This is driven by the need to reduce installation costs and make the products more user-friendly.
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Key Drivers
The key drivers of the EPDM market are:
1) The growing demand for EPDM in the automotive industry: EPDM is widely used in the automotive industry for a variety of applications, such as seals, hoses, and gaskets. The growing demand for automobiles, especially in developing countries, is expected to drive the demand for EPDM.
2) The growing construction industry: EPDM is also used in the construction industry, for applications such as waterproofing and roofing. The growing construction industry, especially in Asia-Pacific and Latin America, is expected to drive the demand for EPDM.
3) The growing demand for EPDM in the electrical and electronics industry: EPDM is used in the electrical and electronics industry for applications such as insulation and cable jacketing. The growing demand for electrical and electronic products, especially in Asia-Pacific and Latin America, is expected to drive the demand for EPDM.
Market Segments
The EPDM market is segmented by manufacturing process, application, and region. By manufacturing process, the market is classified into solution polymerization process, suspension process, and gas-phase polymerization process. Based on application, it is bifurcated into automotive, lubricant additives, wires and cables, and others. Region-wise, the market is segmented into North America, Europe, Asia Pacific, and Rest of the World.
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