Market Size of Ethylene Propylene Diene Monomer (EPDM) Industry
| Study Period | 2019 - 2029 |
| Market Volume (2024) | 1.84 Million tons |
| Market Volume (2029) | 2.24 Million tons |
| CAGR (2024 - 2029) | > 4.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players_-_Major_Players.webp)
*Disclaimer: Major Players sorted in no particular order |
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Ethylene Propylene Diene Monomer Market Analysis
The Ethylene Propylene Diene Monomer Market size is estimated at 1.84 Million tons in 2024, and is expected to reach 2.24 Million tons by 2029, growing at a CAGR of greater than 4% during the forecast period (2024-2029).
The COVID-19 pandemic had a negative impact on the market in 2020. However, the market has now been estimated to have reached pre-pandemic levels.
- Over the medium term, the major factor driving the growth of the market studied is the growing demand from the construction industry and the growth in the electric vehicles market.
- Since EPDM is derived from petroleum-based raw materials, the fluctuations in oil prices can restrain the market studied.
- The emergence of bio-based EPDM can be seen as an opportunity for the market studied.
- Asia-Pacific dominated the market and is expected to continue its dominance during the forecast period.
