Global Ethylene Propylene Rubber Market: Overview

The principal uses of ethylene propylene copolymers are in automobile parts, flexible seals for automobiles, weather stripping, wire and cable insulation, hoses, tire sidewalls, and roofing film.

Ethylene propylene rubber is useful for its excellent resistance to heat, oxidation, weather, and ozone due to its stable, saturated polymer backbone structure. Ethylene propylene rubbers are widely used in the automotive industry as they display exceptional heat resistance properties and are not affected by continually changing weather.

There are mainly two types of ethylene propylene copolymers with elastic properties: EPM, which is made with ethylene and propylene alone, and EPDM, which is based on three monomers that includes ethylene, propylene, and small amounts of a diene. 

The report studies the global ethylene propylene rubber market from ground-up, which covers past performance and current growth trends to present a satisfactory overview of the growth curve of this market over the forecast period. The report is prepared after conducting primary and secondary research and after obtaining expert opinion about the growth of the industry until the end of the forecast period in 2024.

Included in this publication is a vendor landscape wherein top companies are mentioned and are profiled for their business attributes. With the help of standard analytical tools such as SWOT analysis and Porter’s five forces analysis, the report furnishes a market attractiveness analysis from 2016 to 2024.

Global Ethylene Propylene Rubber Market: Trends and Opportunities

The high demand for ethylene propylene rubber from the automobile industry is the key factor driving the ethylene propylene rubber market. The growth of the automobile industry across several parts of the world has been benefitting the ethylene propylene rubber market. Ethylene propylene rubber is used in the production of automotive weather-stripping and seals. It is also used as a supplement in motor oils and is used in the manufacture of engine mounts, brake parts, and windshield wipers.

Global Ethylene Propylene Rubber Market: Regional Outlook

North America, Asia Pacific, Europe, and Rest of the World are the key regions into which the global ethylene propylene rubber market is divided. Amongst these, Asia Pacific is expected to the fastest growing regional market in terms of demand for ethylene propylene rubber over the forecast period. The unprecedented growth of the automobile industry in the region as a consequence of economic growth has been benefitting this industry indirectly. With changing lifestyle and increasing purchasing power especially in China and India, vehicle ownership is on the rise. This in turn is positively influencing the ethylene propylene rubber market in this region.

Europe stands the second-largest automotive manufacturing region across the world. This is having a positive impact on the ethylene propylene rubber market in this region.

In particular, BRIC countries are expected to display significant demand for ethylene propylene rubber on account of increasing number of cars and better road conditions. It is expected that number of car users would increase in developing countries in the years to come. The growth of the automobile industry is thus expected to influence the growth of this market to a high degree.

Global Ethylene Propylene Rubber Market: Competitive Scenario

Some of the key companies in the global market for ethylene propylene rubber include LANXESS AG, ExxonMobil Chemical Company, Mitsui Chemicals, Kumho Polychem Co. Ltd., Versalis, Firestone Building Products Company LLC, JSR Corporation, Lion Copolymer LLC, and SK Global Chemical Co. Ltd.

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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