South Korea Ethylene Propylene Diene Monomer (epdm) Market Size & Outlook
South Korea ethylene propylene diene monomer (epdm) market, 2019-2030 (US$M)
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South Korea ethylene propylene diene monomer (epdm) market highlights
- The South Korea ethylene propylene diene monomer (epdm) market generated a revenue of USD 131.4 million in 2023 and is expected to reach USD 189.1 million by 2030.
- The South Korea market is expected to grow at a CAGR of 5.3% 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 131.4 million |
| Market revenue in 2030 | USD 189.1 million |
| Growth rate | 5.3% (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, South Korea accounted for 2.8% 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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South Korea 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 18.57% in 2023. Horizon Databook has segmented the South Korea 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 rise in automobile production is contributing significantly to the growth of the EPDM market in South Korea. Key automotive manufacturers operating in South Korea include Hyundai Motor Group, Kia Motor Corporation, GM Korea Company, SsangYong Motor Company, and Renault Samsung Motors (RSM).
Favorable government regulations as well as infrastructure developments are attracting investments from the major manufacturers. South Korea exports cars to the U.S., Saudi Arabia, Canada, Australia, the UK, Germany, Russia, Mexico, and Italy, among others.
Four of the world’s largest shipbuilding companies are based in South Korea, namely Samsung Heavy Industries, Hyundai Heavy Industries, STX Offshore & Shipbuilding, and Daewoo Shipbuilding & Marine Engineering.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea ethylene propylene diene monomer (epdm) market , including forecasts for subscribers. This country databook contains high-level insights into South Korea ethylene propylene diene monomer (epdm) market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea ethylene propylene diene monomer (epdm) market size, by product, 2019-2030 (US$M)
South Korea Ethylene Propylene Diene Monomer (EPDM) Market Outlook Share, 2023 & 2030 (US$M)
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