Global EPDM Market Projected to Reach $7.46 Billion by 2019 - Report by MarketsandMarkets
(PRWEB) November 18, 2014 -- The research report on "EPDM (Ethylene Propylene Diene Monomer) Market by Application and Geography - Trends & Forecasts to 2019", segments the global market to provide analysis of the current growth and forecasting based on value and volume.
Browse 99 Market Data Tables and 80 Figures explaining overall views, spread through 240 Pages and in-depth TOC on "EPDM (Ethylene Propylene Diene Monomer) Market - Trends & Forecasts to 2019". http://www.marketsandmarkets.com/Market-Reports/epdm-rubber-market-483.html
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Ethylene Propylene Diene Monomer (EPDM) products have applications across a wide range of consumer industries that include hoses, mechanical goods, weather seals, roofing products, belting materials, wires and cables, plastic modification, lubricant additives, tires & tubes and list goes on and on. These products have a strong gap in demand and supply ratio, especially across the emerging markets. This gap is attributed to the increasing demand for different applications like wires & tubes, plastic modification, tires & tubes and lubricant additives.
The report provided by MarketsandMarkets estimates the EPDM market by segmenting it on the basis of various key components. These key components include the types of applications and their demand across major geographic regions. it also provides forecasting analysis of the market in terms of value as well as volume.
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EPDM is extensively manufactured from:
> Ethylene
> Propylene
> Diene
The report segments bromine into Building & construction, Plastic modification, Wires & cables, Tires & tubes, Automotive & Lubricant additives.
According to the report, the global EPDM market is estimated to grow at a CAGR of 6.59% during the next five years. At the projected growth rate, it expects the industry to become worth $7.46 billion by 2019.
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The report expects Asia-pacific and Rest of the World regions to witness strongest growth during the said forecasting period. This growth is attributed by strong rise in different applications. The application segments like plastic modification are also expected to witness strong rise across the emerging markets like Asia Pacific. This rise is expected to result in the increased consumption of EPDM in this region. North America on the other hand is also expected to witness rising demand for EPDM. The report attributes this rise to the strongly emerging automotive industry in Mexico. The automotive industry in this region is expected to maintain a healthy growth rate of over 7.00% in the coming few years.
However, the report on EPDM market also suggests that increasing presence of substitute products and rising awareness towards environments concerns are expected to restrain the growth of this market, especially in the long run.
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