Asia Pacific Ethylene Propylene Diene Monomer (epdm) Market Size & Outlook
Asia Pacific ethylene propylene diene monomer (epdm) market, 2019-2030 (US$M)
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Asia Pacific ethylene propylene diene monomer (epdm) market highlights
- The Asia Pacific ethylene propylene diene monomer (epdm) market generated a revenue of USD 1,929.8 million in 2023.
- The market is expected to grow at a CAGR of 6.1% from 2024 to 2030.
- In terms of segment, seals & o-rings was the largest revenue generating product in 2023.
- Seals & O-Rings is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 1,929.8 million |
| Market revenue in 2030 | USD 2,922.1 million |
| Growth rate | 6.1% (CAGR from 2023 to 2030) |
| Largest segment | Seals & o-rings |
| Fastest growing segment | Seals & O-Rings |
| Historical data covered | 2019 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hoses, Seals & O-Rings, Gaskets, Rubber Compounds, Roofing Membranes, Connectors and insulators, Weather Stripping, Other products |
| Key market players worldwide | Dow Inc, Exxon Mobil Corp, ARLANXEO, Johns Manville, Kumho Petrochemical, Sumitomo Chemical Co Ltd, Lion Corp, Mitsui Chemicals Inc, PetroChina Co Ltd Class H, Valsoia |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 41.3% of the global ethylene propylene diene monomer (epdm) market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 2,922.1 million by 2030.
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Ethylene Propylene Diene Monomer (EPDM) Market Scope
Ethylene Propylene Diene Monomer (EPDM) Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific ethylene propylene diene monomer (epdm) market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to ethylene propylene diene monomer (epdm) market will help companies and investors design strategic landscapes.
Seals & o-rings was the largest segment with a revenue share of 18.33% in 2023. Horizon Databook has segmented the Asia Pacific ethylene propylene diene monomer (epdm) market based on hoses, seals & o-rings, gaskets, rubber compounds, roofing membranes, connectors and insulators, weather stripping, other products covering the revenue growth of each sub-segment from 2019 to 2030.
Asia Pacific dominates the global EPDM market and this trend is projected to continue over the forecast period. The EPDM market in the Asia Pacific region is primarily driven by the ascending demand for the product from key application industries including automotive, building & construction, and electrical & electronics.
Over the past few years, the manufacturing industry in Asia Pacific has been attracting significant investments from leading MNCs. Countries in Northeast Asia are focused on promoting their economies to grow in key sectors pertaining to raw material extraction, manufacturing, and services.
Thus, the governments across the region have transformed rural industries into well-equipped worldclass manufacturing facilities through the implementation of protectionism, financial investment, and regulatory support.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific ethylene propylene diene monomer (epdm) market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific ethylene propylene diene monomer (epdm) market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific ethylene propylene diene monomer (epdm) market size, by country, 2019-2030 (US$M)
Asia Pacific Ethylene Propylene Diene Monomer (EPDM) Market Outlook Share, 2023 & 2030 (US$M)
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