The Asia-Pacific Ethylene Propylene Diene Monomer market report defines and segments the concerned market with analysis and forecast of revenue. This market is estimated to reach a value of $3,384.8 million by 2019, at a CAGR of 8.1% from 2014 to 2019.
Browse through the TOC of Asia-Pacific Ethylene Propylene Diene Monomer Market for an analysis of industry trends, segments & forecasts.
The Asia-Pacific ethylene propylene diene monomer market is significantly growing as a result of their penetration into various end-use industries; especially the automotive industry. EPDM have different characteristics as per their manufacturing and application requirement in the end products. The Asia-Pacific region is expected to dominate this market with its increasing demand for ethylene propylene diene monomer in different applications, including automotive, building & construction, plastic modification, tires & tubes, wire & cables, and lubricant additive, among others. The Asia-Pacific market is estimated to show a rising growth during the forecast period of 2014 to 2019, with the allied industries expected to stabilize the overall business need in the respective regions.
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Investments and expansions are among the key strategies adopted by the major market players to boost their growth in the Asia-Pacific market. The manufacturing companies, associations, and end-product manufacturers infuse high investments for future advancements and technology modifications of ethylene propylene diene monomer to match the growing demands from the different end-user industries. EPDM of 85% concentration is dominant among all the grades of the acid available, in terms of consumption as well as revenue.
The Asia-Pacific ethylene propylene diene monomer market was valued at $2,238.4 million in 2013 and is estimated to reach $3,384.8 million by 2019, at a CAGR of 8.1% from 2014 to 2019. The high demand across the end-use industries is expected to increase the overall ethylene propylene diene monomer consumption in the Asia-Pacific region.
The Asia-Pacific region is the largest market for EPDM, both in terms of volume and value, followed by the North American region. China and Japan are the largest contributors to the dominance of the Asia-Pacific market, globally. The key players in this market are Mitsui Chemicals (Japan), Kumho Petrochemicals (South Korea), JSR Corporation (Japan), SK Global Chemical Co. Ltd. (South Korea), Jilin Chemicals (China), and Sumitomo Chemical Co. Ltd. (Japan), among others.
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