Ethylene Propylene Rubber Market: Introduction
·
Ethylene propylene rubber offers 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.
·
Ethylene propylene rubber is primarily employed in the automotive
industry in automotive sealing strip, radiator hose, sheath of the spark plug,
air conditioning hose, rubber gasket, rubber hose, etc.
·
Ethylene propylene rubber is largely used in plastic playground,
waterproofing materials, building doors and window sealing strips, glass
curtain wall sealing, and pipe seals in the construction industry
·
There are primarily two types of ethylene propylene copolymers with
elastic properties: EPM (ethylene-propylene monomer), which is made with
ethylene and propylene alone; and EPDM (ethylene-propylene-diene monomer),
which is based on three monomers are ethylene, propylene, and small amounts of
diene (approximately 5%), usually ethylidene norbornene or 1,4-hexadiene.
Key Drivers of
Ethylene Propylene Rubber Market
·
High demand for ethylene propylene rubber in the automobile industry is
the key factor driving the ethylene
propylene rubber market. 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.
Furthermore, it is used in the manufacture of engine mounts, brake parts, and
windshield wipers.
Restraints
ofEthylene Propylene Rubber Market
·
Despite the potential economic advantages associated with ethylene
propylene rubber, there are several drawbacks that are projected to restrain
the overall development of the global market. For instance, volatility in
prices of raw materials is expected to hamper the global ethylene propylene
rubber market in the next few years.
·
The EPDM market faces oversupply due to an increase in production
capacities in the U.S. and Asia. Companies are reducing their production of
EPDM due to fluctuation in demand from end-users.
·
In 2020, China imposed anti-dumping duties on the import of EPDM from
South Korea, the U.S., and the European Union. These duties range above 12.5%
for a period of five years.
·
The inert nature of EPDM, which reduces the adherence of the material
when used in automotive and plastic applications, and high costs of
installation of EPDM roofing systems are expected to hamper the demand for
ethylene propylene diene monomer in these applications during the forecast
period. Furthermore, ethylene propylene diene monomer exhibits unsatisfactory
compatibility with most oils, kerosene, gasoline, aromatic and aliphatic
hydrocarbons, concentrated acids, and halogenated solvents.
·
These disadvantages of EPDM augment the usage of other elastomers,
including NBR, polyurethane-based and HNBR elastomers, in various applications
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COVID-19 impact on
Ethylene Propylene Rubber Market
·
The COVID-19 outbreak is hampering the demand for ethylene propylene
rubber in many applications. Governments of various countries across the globe
have enforced lockdown measures to curb the spread of the disease. This has
resulted in the slowdown and halt in manufacturing operations, restrictions on
supply and transport, and infrastructure slowdown. In turn, this has led to a
decline in in demand for ethylene propylene rubber across the globe.
·
Key players operating in the ethylene propylene rubber market are
primarily tier I and tier II manufacturers and suppliers. Manufacture and
supply chain facilities of these manufacturers are spread across various
countries in Asia Pacific, Europe, North America, Latin America, and Middle
East & Africa. Many of these players have halted their production output
over the last few months due to the COVID-19 pandemic. The pandemic has
negatively impacted the demand and supply chain of ethylene propylene rubber.
More Trending
Reports
Asia Pacific to be
Rapidly Expanding Region of Global Ethylene Propylene Rubber Market
·
In terms of region, Asia Pacific is expected to be a rapidly growing
region of the global ethylene propylene rubber market during the forecast
period. The unprecedented growth of the automobile industry in the region as a
consequence of economic growth has been benefitting the market in the region.
Vehicle ownership has been rising owing to the changes in lifestyle and
increase in purchasing power, especially in China and India. This is positively
influencing the ethylene propylene rubber market in Asia Pacific.
·
Europe stands the second-largest automotive manufacturing region across
the world. This is boosting the ethylene propylene rubber market in the region.
·
In particular, BRIC countries are expected to exhibit significant demand
for ethylene propylene rubber due to the increase in number of cars and better
road conditions. The number of car users is likely to increase in developing
countries in the next few years. Growth of the automobile industry is expected
to influence the market ethylene propylene rubber in BRIC countries in the near
future.
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Ethylene Propylene
Rubber Market: Key Players
Major companies operating in global
ethylene propylene rubber market are:
·
Lanxess AG
·
ExxonMobil Chemical Company
·
Mitsui Chemicals
·
Kumho Polychem Co. Ltd.
·
ENI Versalis
·
Firestone Building Products Company LLC
·
JSR Corporation
·
Lion Copolymer LLC
·
SK Global Chemical Co. Ltd.
·
Dupont
·
Herdillia
·
Sumitomo Chemical
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