Europe Ethylene Propylene Diene Monomer (epdm) Market Size & Outlook
Europe ethylene propylene diene monomer (epdm) market, 2019-2030 (US$M)
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Europe ethylene propylene diene monomer (epdm) market highlights
- The Europe ethylene propylene diene monomer (epdm) market generated a revenue of USD 853.0 million in 2023.
- The market is expected to grow at a CAGR of 5.5% 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, Germany is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 853.0 million |
| Market revenue in 2030 | USD 1,240.9 million |
| Growth rate | 5.5% (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, Europe region accounted for 18.3% 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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Europe 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 18.56% in 2023. Horizon Databook has segmented the Europe 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.
Western Europe is expected to witness slower growth in the automotive market than Central & Eastern Europe (CEE). Economic development and increased political consolidation have driven car manufacturers to establish their production sites in CEE countries.
According to the European Commission, the automotive industry accounts for a share of 7% of the total gross domestic product (GDP) of the European Union. The automotive industry in the region was hit hard in the second half of 2022.
The sanctions imposed on Russia and the logistical constraints have driven tire manufacturers to suspend their operations in most countries of the Europe including Russia.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe ethylene propylene diene monomer (epdm) market , including forecasts for subscribers. This continent databook contains high-level insights into Europe ethylene propylene diene monomer (epdm) market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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Europe ethylene propylene diene monomer (epdm) market size, by country, 2019-2030 (US$M)
Europe Ethylene Propylene Diene Monomer (EPDM) Market Outlook Share, 2023 & 2030 (US$M)
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