Saudi Arabia Ethylene Propylene Diene Monomer (epdm) Market Size & Outlook
Saudi Arabia ethylene propylene diene monomer (epdm) market, 2019-2030 (US$M)
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Saudi Arabia ethylene propylene diene monomer (epdm) market highlights
- The Saudi Arabia ethylene propylene diene monomer (epdm) market generated a revenue of USD 61.0 million in 2023 and is expected to reach USD 86.8 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 5.2% 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 61.0 million |
| Market revenue in 2030 | USD 86.8 million |
| Growth rate | 5.2% (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, Saudi Arabia accounted for 1.3% 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 Middle East & Africa, Saudi Arabia ethylene propylene diene monomer (epdm) market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 86.8 million by 2030.
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Ethylene Propylene Diene Monomer (EPDM) Market Scope
Ethylene Propylene Diene Monomer (EPDM) Market Companies
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Saudi Arabia 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 17.87% in 2023. Horizon Databook has segmented the Saudi Arabia 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.
New business models including market for pre-owned cars, carpooling, and door-to-door services are emerging in Saudi Arabia. As consumers are being financially cautious and the overall consumer confidence reducing, the purchase of preowned vehicles is expected to witness an upward trend.
The growing demand for preowned vehicles along with the maintenance services can drive the consumption of radiator hoses, seals, gaskets, O-rings, weathering strips, and car bumpers, thus positively impacting the EPDM market. Industrial manufacturing in Saudi Arabia has witnessed steady growth in the past few years.
A shift in focus toward the non-oil private sector in Saudi Arabia is expected to boost the growth of manufacturing, thereby creating demand for EPDM rubber in construction, automotive, footwear, and other end-use industries.
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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia ethylene propylene diene monomer (epdm) market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia ethylene propylene diene monomer (epdm) market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia ethylene propylene diene monomer (epdm) market size, by product, 2019-2030 (US$M)
Saudi Arabia Ethylene Propylene Diene Monomer (EPDM) Market Outlook Share, 2023 & 2030 (US$M)
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