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EPDM Rubber Market Was Valued at 4.43 Million Tonnes in 2021 And Is Expected to Reach Over 7.35 Million Tonnes by 2030

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EPDM rubber (Ethylene Propylene Diene Monomer Rubber) is a type of synthetic rubber used in a variety of applications. Ethylene Propylene Diene Monomer or EDPM is a common roofing material used in commercial buildings. EPDM rubber is used around gaskets, o-rings, glass run channels, radiators, garden and appliance hoses, pipes, pond liners, washers, belts, electrical insulators, solar panel heat collectors, and speaker cones. It is also used as a water resistant medium in electrical cable joints, roofing membranes, geomembranes, mechanical rubber products, plastic impact modifiers, thermoplastics, and many other applications. Moreover, EPDM roofing requires little maintenance compared to other roofing materials. Also, the EPDM films have excellent water resistance in both fresh and salt water and are very resistant to ozone, UV rays and oxidation.

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The global EPDM rubber market was valued at 4.43 Million Tonnes in 2021 and is expected to reach over 7.35 Million Tonnes by 2030, poised to grow at a compound annual growth rate (CAGR) of 6.2% from 2021 to 2030.

Roofing is one of the main application areas of EPDM. EPDM rubber can withstand harsh conditions such as UV rays, hail, and strong winds. Its heat-absorbing and insulating properties also help keep interiors warm and melt snow on roofs. Due to its stable saturated polymer backbone structure, EPDM has properties such as heat resistance, abrasion resistance, oil swell resistance, flame resistance, oxidation resistance, ozone resistance and weather resistance. EPDM rubber membrane is ideal for flat roof refurbishment on old residential roofs or for full waterproof coverings on brand new residential or commercial properties. EPDM rubber roofing is designed to be extremely easy to install, with 67% fewer seams than modified bituminous roofing felt for a smoother and easier installation process. Compared to alternative flat roof methods, EPDM requires little or no maintenance. Moreover, increasing demand for EPDM rubber made from bio-based raw materials is a major trend driving the growth of the EPDM market. EPDM renewable rubber reduces greenhouse gas emissions and achieves sustainability by using raw materials such as sugar and glycerine to replace traditional raw materials such as isoprene and butadiene in synthetic rubber production.

Major players for EPDM rubber globally include Versalis S.p. A, SK Global Chemical Co. Ltd, Sumitomo Chemical Co. Ltd., and Mitsui Chemicals, Inc., Arlanxeo, DOW Inc, Exxon Mobil Corporation, JSR Corporation (Kumho Polychem Co. Ltd.), and PetroChina Company Limited. Product portfolio expansion and mergers and acquisitions are key strategies pursued by major players.

In terms of manufacturing process, the global EPDM rubber market is bifurcated into solution polymerization process, slurry/suspension process, and gas-phase polymerization process. In terms of product type, the global EPDM rubber market is bifurcated into compressor grommet electrical insulation & stinger covers, belts, seals, and others. In terms of application, the global EPDM rubber market is bifurcated into building and construction, electrical insulation, automotive, plastics, lubricant additives, and others. By region, the global EPDM rubber market is bifurcated into North America, Europe, Asia-Pacific, Central and South America, and the Middle East and Africa.

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