Global Ethylene Propylene Rubber Market Segments By Product Types| Manufacturers| Regions And Application Analysis
Global Ethylene
Propylene Rubber Market: Overview
The principal uses
of ethylene propylene copolymers are in automobile parts, flexible
seals for automobiles, weather stripping, wire and cable insulation,
hoses, tire sidewalls, and roofing film.
Ethylene propylene
rubber is useful for its excellent resistance to heat, oxidation,
weather, and ozone due to its stable, saturated polymer backbone
structure. Ethylene propylene rubbers are widely used in the
automotive industry as they display exceptional heat resistance
properties and are not affected by continually changing weather.
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There are mainly two
types of ethylene propylene copolymers with elastic properties: EPM,
which is made with ethylene and propylene alone, and EPDM, which is
based on three monomers that includes ethylene, propylene, and small
amounts of a diene.
The report studies
the global ethylene propylene rubber market from ground-up, which
covers past performance and current growth trends to present a
satisfactory overview of the growth curve of this market over the
forecast period. The report is prepared after conducting primary and
secondary research and after obtaining expert opinion about the
growth of the industry until the end of the forecast period in 2024.
Included in this
publication is a vendor landscape wherein top companies are mentioned
and are profiled for their business attributes. With the help of
standard analytical tools such as SWOT analysis and Porter’s five
forces analysis, the report furnishes a market attractiveness
analysis from 2016 to 2024.
Global Ethylene
Propylene Rubber Market: Trends and Opportunities
The high demand for
ethylene propylene rubber from the automobile industry is the key
factor driving the ethylene propylene rubber market. The growth of
the automobile industry across several parts of the world has been
benefitting the ethylene propylene rubber market. Ethylene propylene
rubber is used in the production of automotive weather-stripping and
seals. It is also used as a supplement in motor oils and is used in
the manufacture of engine mounts, brake parts, and windshield wipers.
Global Ethylene
Propylene Rubber Market: Regional Outlook
North America, Asia
Pacific, Europe, and Rest of the World are the key regions into which
the global ethylene propylene rubber market is divided. Amongst
these, Asia Pacific is expected to the fastest growing regional
market in terms of demand for ethylene propylene rubber over the
forecast period. The unprecedented growth of the automobile industry
in the region as a consequence of economic growth has been
benefitting this industry indirectly. With changing lifestyle and
increasing purchasing power especially in China and India, vehicle
ownership is on the rise. This in turn is positively influencing the
ethylene propylene rubber market in this region.
Europe stands the
second-largest automotive manufacturing region across the world. This
is having a positive impact on the ethylene propylene rubber market
in this region.
In particular, BRIC
countries are expected to display significant demand for ethylene
propylene rubber on account of increasing number of cars and better
road conditions. It is expected that number of car users would
increase in developing countries in the years to come. The growth of
the automobile industry is thus expected to influence the growth of
this market to a high degree.
Global Ethylene
Propylene Rubber Market: Competitive Scenario
Some of the key
companies in the global market for ethylene propylene rubber include
LANXESS AG, ExxonMobil Chemical Company, Mitsui Chemicals, Kumho
Polychem Co. Ltd., Versalis, Firestone Building Products Company LLC,
JSR Corporation, Lion Copolymer LLC, and SK Global Chemical Co. Ltd.
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