Ethylene propylene elastomers are the most dominant type of synthetic rubber. For the production of ethylene propylene elastomers, ethylene and propylene are reacted in presence of catalyst to produce rubber. The resultant product can possess varied properties including crystalline, amorphous or semi crystalline depending on the composition of polymer and reaction conditions. The monomers of ethylene and propylene react to form a stable compound with high thermal stability and durability with resistance to oxidation and withering. Catalysts are employed primarily to impart specific characteristics to ethylene propylene elastomers. Vulcanization is also among dominant processes employed in the production of ethylene propylene elastomers.
 
The temperature resistance of ethylene propylene elastomers is profoundly dependent on the physical characteristics such as crystalline or amorphous nature. Low crystalline grade of the elastomers have high stability at low temperatures. High thermal stability can also be achieved by sulfur acceleration. Peroxide cured compounds are also used to attain higher thermal stability. Major applications of ethylene propylene elastomers include tubing, insulation, roofing, etc. Major end user segment for ethylene propylene elastomers include automotive, electronics, building & construction, oil additives and hose among others. Automotive segment dominates the global demand for ethylene propylene elastomers and this trend is anticipated to continue for the next six years. Electronics segment is anticipated to be the fastest growing segment during the forecast period.
 
High growth in automotive segment has been among foremost factors driving demand for ethylene propylene elastomers. Increasing demand for hoses for several application segments including home gardening is expected to drive the market growth during the forecast period. Ethylene propylene elastomers are extensively used in the insulation of wires and cables employed in several end user industries including electronics, automotive, etc. High growth in electronics segment has been driving demand for ethylene propylene elastomers mainly for insulation applications. Several environmental and health hazards have been associated with the production of ethylene propylene elastomers. The environmental hazards have led to surge in regulations to control the use of several catalysts including sulfur used in the production process. The regulations have restrained market growth for ethylene propylene elastomers. Increasing in use of bio based products is anticipated to offer huge growth opportunity for the market.  
 
Asia Pacific dominates the global ethylene propylene elastomers market both in terms of production and consumption. China dominates the global production of ethylene propylene elastomers. Increasing industrial investment and high GDP growth in the emerging economies of India and China is anticipated to drive market growth for ethylene propylene elastomers market. Asia Pacific is expected to be the fastest growing regional segment for ethylene propylene elastomers market for the next six years. North America is the largest market for ethylene propylene elastomers. Demand for ethylene propylene elastomers in North America is anticipated to grow at a sluggish rate in the near future, primarily owing to market saturation in several end user industries. Demand for ethylene propylene elastomers in Europe is expected to be driven primarily by reviving automotive market in the region. High growth in the developing economies in Africa and South America is anticipated to offer huge growth opportunity for ethylene propylene elastomers market growth.
 
Some of the major players in the ethylene propylene elastomers market include Firestone Building Products, Carlisle Syntec Inc., Johns Manville, Royal Adhesives and Sealants and Milliken & Company among others. 

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Ethylene Propylene Elastomers Market

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