Canada Ethylene Propylene Diene Monomer (epdm) Market Size & Outlook
Canada ethylene propylene diene monomer (epdm) market, 2019-2030 (US$M)
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Canada ethylene propylene diene monomer (epdm) market highlights
- The Canada ethylene propylene diene monomer (epdm) market generated a revenue of USD 114.8 million in 2023 and is expected to reach USD 160.9 million by 2030.
- The Canada market is expected to grow at a CAGR of 4.9% 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.
Ethylene propylene diene monomer (epdm) market data book summary
| Market revenue in 2023 | USD 114.8 million |
| Market revenue in 2030 | USD 160.9 million |
| Growth rate | 4.9% (CAGR from 2023 to 2030) |
| Largest segment | Seals & o-rings |
| Fastest growing segment | Seals & O-Rings |
| Historical data | 2019 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Canada accounted for 2.5% of the global ethylene propylene diene monomer (epdm) market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. ethylene propylene diene monomer (epdm) market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 1,385.3 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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Canada 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 18.03% in 2023. Horizon Databook has segmented the Canada 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.
Automotive industry in Canada is likely to account for a significant demand for EPDM owing to rising demand for new vehicles, mainly among the aging baby boom population in Canada and the U.S. Moreover, favorable economic conditions are anticipated to continue to support the Canadian motor vehicle manufacturing industry.
Advancements in power trains are expected to lead to the production of cleaner and greener cars. In addition, Canada has expertise in public transportation and commercial equipment manufacturing.
Canada is prone to severe winters, wherein the temperatures can fall below zero degrees Celsius. During this period, the homes are heated by furnaces or boilers which are situated in the basement to keep the interior environment warm.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada ethylene propylene diene monomer (epdm) market , including forecasts for subscribers. This country databook contains high-level insights into Canada ethylene propylene diene monomer (epdm) market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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Canada ethylene propylene diene monomer (epdm) market size, by product, 2019-2030 (US$M)
Canada Ethylene Propylene Diene Monomer (EPDM) Market Outlook Share, 2023 & 2030 (US$M)
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