North America Ethylene Propylene Diene Monomer (epdm) Market Size & Outlook
North America ethylene propylene diene monomer (epdm) market, 2019-2030 (US$M)
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North America ethylene propylene diene monomer (epdm) market highlights
- The North America ethylene propylene diene monomer (epdm) market generated a revenue of USD 1,197.4 million in 2023.
- The market is expected to grow at a CAGR of 5.7% 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, U.S. is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 1,197.4 million |
| Market revenue in 2030 | USD 1,769.7 million |
| Growth rate | 5.7% (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, North America region accounted for 25.6% 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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North 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 18.11% in 2023. Horizon Databook has segmented the North 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.
The manufacturing industry is a vital component of the North American economy. It is an essential driving force of productivity, innovation, and economic growth in the region, presenting lucrative growth opportunities for the competitors.
However, domestic manufacturers are at a disadvantage against global competitors due to various reasons including uncompetitive legacy commitments, insufficient investment, short-term profit agendas, high structural & compliance costs, aging facilities & equipment, massive national debt, and several other state policies.
The gaskets, seals, and O-rings market in North America is anticipated to grow over the forecast period on account of stringent guidelines by the Environmental Protection Agency (EPA) and the increasing need for reducing hazardous emissions from rotating equipment across the industrial sector.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America ethylene propylene diene monomer (epdm) market , including forecasts for subscribers. This continent databook contains high-level insights into North America ethylene propylene diene monomer (epdm) market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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North America ethylene propylene diene monomer (epdm) market size, by country, 2019-2030 (US$M)
North America Ethylene Propylene Diene Monomer (EPDM) Market Outlook Share, 2023 & 2030 (US$M)
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