South Africa Ethylene Propylene Diene Monomer (epdm) Market Size & Outlook
South Africa ethylene propylene diene monomer (epdm) market, 2019-2030 (US$M)
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South Africa ethylene propylene diene monomer (epdm) market highlights
- The South Africa ethylene propylene diene monomer (epdm) market generated a revenue of USD 52.1 million in 2023 and is expected to reach USD 72.4 million by 2030.
- The South Africa market is expected to grow at a CAGR of 4.8% 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 52.1 million |
| Market revenue in 2030 | USD 72.4 million |
| Growth rate | 4.8% (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, South Africa accounted for 1.1% 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
| Name | Profile | # Employees | HQ | Website |
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South Africa 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 18.04% in 2023. Horizon Databook has segmented the South Africa 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.
EPDM demand in the country is mostly dependent on the growth of the manufacturing sector. Significant structural changes in the manufacturing sector are projected to emerge as a pivotal contributor to the EPDM market growth.
According to the data provided by Statistics South Africa the national statistical service of South Africa in July 2022, a solid rebound was observed in sales of motor vehicles parts and accessories and other transport equipment as compared to that in June. Also, the footwear and other manufacturing sector showed positive growth.
South Africa’s economic, social, and political landscape is dominated by mining. The country holds reserves of titanium, vanadium, chrome, coal, platinum, diamonds, gold, and other minerals. According to the Government of South Africa, the mining sector registered a growth of 11.8% in 2021, which was high across all sectors.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa ethylene propylene diene monomer (epdm) market , including forecasts for subscribers. This country databook contains high-level insights into South Africa ethylene propylene diene monomer (epdm) market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa ethylene propylene diene monomer (epdm) market size, by product, 2019-2030 (US$M)
South Africa Ethylene Propylene Diene Monomer (EPDM) Market Outlook Share, 2023 & 2030 (US$M)
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