LONDON--(BUSINESS WIRE)--The global ethylene propylene diene monomer (EPDM) market is expected to post a CAGR of almost 8% during the period 2019-2023, according to the latest market research report by Technavio. Request a free sample report
EPDM exhibits various properties such as fatigue resistance, hail shower resistance, resistance to ozone and harsh weather conditions, and effectivity in waterproofing. Such superior properties have increased its use as a roofing membrane in low-slope buildings. With the growing construction industry and increase in remodeling and renovation activities, the demand for EPDM roofing will increase significantly during the forecast period.
To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR30572
As per Technavio, the growing demand for bio-based feedstock will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.
Global Ethylene Propylene Diene Monomer (EPDM) Market: Growing Demand for Bio-Based Feedstock
Players in the market are increasing the use of bio-based feedstock to manufacture EPDM rubber in order to achieve sustainability and reduce greenhouse gas emissions. High prices and unreliable supply of raw materials and raw rubber have led to an increase in the use of bio-based feedstocks to manufacture EPDM rubber. Raw materials such as sugar, glycerin, and other plant-based materials are emerging as cost-effective alternatives to conventional feedstocks. This trend is expected to have a positive impact on the growth of the global ethyl propylene diene monomer (EPDM) market during the forecast period.
“Adoption of green roofing in the building and construction industry and the recyclability of EPDM are other factors that will boost market growth during the forecast period”, says a senior analyst at Technavio.
Register for a free trial today and gain instant access to 17,000+ market research reports.
Global Ethylene Propylene Diene Monomer (EPDM) Market: Segmentation Analysis
This market report segments the global ethylene propylene diene monomer (EPDM) market by end-users (automotive, molded goods, building and construction, lubricant additives, plastic modification, and other end-users) and geography (Americas, APAC, and EMEA).
The APAC region led the market in 2018, followed by EMEA and the Americas respectively. During the forecast period, the APAC region is expected to maintain its dominance over the market. This is due to the growth of the construction and automotive industries in the region.
Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more.
Request a free sample report
Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market definition
- Market size and forecast
Five Forces Analysis
- Geographic comparison
- Key leading countries
- Landscape disruption
- Competitive scenario
- Vendors covered
- Vendor classification
- Market positioning of vendors
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.