Latin America Ethylene Propylene Diene Monomer (epdm) Market Size & Outlook
Latin America ethylene propylene diene monomer (epdm) market, 2019-2030 (US$M)
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Latin America ethylene propylene diene monomer (epdm) market highlights
- The Latin America ethylene propylene diene monomer (epdm) market generated a revenue of USD 425.8 million in 2023.
- The market is expected to grow at a CAGR of 5.1% 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, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 425.8 million |
| Market revenue in 2030 | USD 602.8 million |
| Growth rate | 5.1% (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, Latin America region accounted for 9.1% 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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Latin America 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 18.27% in 2023. Horizon Databook has segmented the Latin America 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.
Central & South America is expected to grow substantially through the forecast period. Changing consumer preferences, low production costs, rapid industrialization, and increasing disposable income are factors anticipated to drive the economic growth of the region over the next few years.
The rising disposable income of consumers and ongoing infrastructure development projects are also expected to drive the growth of the construction industry in Latin America. This, in turn, would steer the demand for rubber products for matting and roofing applications.
Mining, agriculture, and automotive industries are significant contributors to the economy of Central & South America. In addition, the region contains significant reserves of iron ore.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America ethylene propylene diene monomer (epdm) market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America ethylene propylene diene monomer (epdm) market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America ethylene propylene diene monomer (epdm) market size, by country, 2019-2030 (US$M)
Latin America Ethylene Propylene Diene Monomer (EPDM) Market Outlook Share, 2023 & 2030 (US$M)
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