India Ethylene Propylene Diene Monomer (epdm) Market Size & Outlook
India ethylene propylene diene monomer (epdm) market, 2019-2030 (US$M)
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India ethylene propylene diene monomer (epdm) market highlights
- The India ethylene propylene diene monomer (epdm) market generated a revenue of USD 257.6 million in 2023 and is expected to reach USD 395.4 million by 2030.
- The India market is expected to grow at a CAGR of 6.3% 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 257.6 million |
| Market revenue in 2030 | USD 395.4 million |
| Growth rate | 6.3% (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, India accounted for 5.5% 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 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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India 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 18.21% in 2023. Horizon Databook has segmented the India 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.
India majorly imports EPDM rubber from East and South Asian countries. South Korea and Japan are the key exporters of EPDM to India. The recent developments in Europe and their impact on the global supply chain have resulted in the limited supply of raw materials, leading to costly EPDM imports.
The rising EPDM prices have necessitated the implementation of certain control measures by the government of India to keep the prices of EPDM and other synthetic elastomers in check.
In March 2022, the All India Rubber Industries Association (AIRIA), representing the tiny and micro units, appealed to the government to cut the import duty on synthetic rubber, which is used as the raw material for manufacturing rubber products.
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Horizon Databook provides a detailed overview of country-level data and insights on the India ethylene propylene diene monomer (epdm) market , including forecasts for subscribers. This country databook contains high-level insights into India ethylene propylene diene monomer (epdm) market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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India ethylene propylene diene monomer (epdm) market size, by product, 2019-2030 (US$M)
India Ethylene Propylene Diene Monomer (EPDM) Market Outlook Share, 2023 & 2030 (US$M)
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