/PRNewswire/ According to the new market research report "EPDM Market by application (Automotive, Building & Construction, Plastic Modification, Tires &.
CHICAGO, June 10, 2022 /PRNewswire/ According to the new market research report "EPDM Market by application (Automotive, Building & Construction, Plastic Modification, Tires & Tubes, Wires
EPDM Market worth $3 6 billion by 2026 - Exclusive Report by MarketsandMarkets™ prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
Automotive is the major application segment for EPDM. The recovery of automotive sector in the APAC region is driving the EPDM Market during the forecast period. Moreover, the development of eco-friendly technologies for production of EPDM and growing demand for electric & hybrid vehicles are new opportunities in EPDM Market.
Automotive application holds the largest share in the EPDM Market
EPDM rubber account for significant portion of rubber parts that are utilized in automotive vehicle. In the automotive industry, EPDM is used in hoses, gaskets, body sealing, weather stripping, brake parts, windshield wipers, and other under-hood applications. The automobile production is in decline phase since 2018. The production further dipped in 2020 due to COVID-19 pandemic. However, the market is expected to grow in the near future with the rise in the living standard of people and the development of new technologies.
EPDM Market worth $1,214 million by 2026 - Exclusive Report by MarketsandMarkets EPDM Market by application (Automotive, Building & Construction, Plastic Modification, Tires & Tubes, Wires & Cables and Lubricant Additives) Region (North America, Europe, Asia Pacific, Middle East & Africa and South America) - Global Forecast to 2026 , published by MarketsandMarkets, the global EPDM Market size is estimated to be USD 856 million in 2021 and is projected to reach USD 1,214 million by 2026, at a CAGR of 7.2% between 2021 and 2026.
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Automotive is the major application segment for EPDM. The recovery of automotive sector in the APAC region is driving the EPDM Market during the forecast period. Moreover, the development of eco-friendly technologies for production of EP