China Ethylene Propylene Diene Monomer (epdm) Market Size & Outlook
China ethylene propylene diene monomer (epdm) market, 2019-2030 (US$M)
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China ethylene propylene diene monomer (epdm) market highlights
- The China ethylene propylene diene monomer (epdm) market generated a revenue of USD 827.6 million in 2023 and is expected to reach USD 1,309.6 million by 2030.
- The China market is expected to grow at a CAGR of 6.8% 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 827.6 million |
| Market revenue in 2030 | USD 1,309.6 million |
| Growth rate | 6.8% (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, China accounted for 17.7% 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 Asia Pacific, China ethylene propylene diene monomer (epdm) market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,309.6 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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China 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 18.08% in 2023. Horizon Databook has segmented the China 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.
The Chinese EPDM market is anticipated to witness considerable growth over the forecast period. Healthy growth among the key manufacturing industries, including automotive and industrial machinery, is likely to contribute substantially toward the ascending demand for EPDM in China.
The automotive industry in the country is expanding on account of strong demand for automobiles as well as various commercial vehicle types including medium & heavy trucks and buses. This is also resulting in an increased demand for tires and other EPDM rubber-based products.
Growing levels of per capita income are further fueling the demand for high-end tires, which is anticipated to drive the consumption of EPDM in the country. The presence of strict regulations has compelled industry participants to enhance sustainability by recycling EPDM rubber from tires.
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Horizon Databook provides a detailed overview of country-level data and insights on the China ethylene propylene diene monomer (epdm) market , including forecasts for subscribers. This country databook contains high-level insights into China ethylene propylene diene monomer (epdm) market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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China ethylene propylene diene monomer (epdm) market size, by product, 2019-2030 (US$M)
China Ethylene Propylene Diene Monomer (EPDM) Market Outlook Share, 2023 & 2030 (US$M)
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