Ethylene Propylene Rubber Market - Global Industry Report, 2031

1. Ethylene Propylene Rubber Market - Global Industry Report, 2031 Ethylene Propylene Rubber Market: Introduction Ethylene propylene rubber offers 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. Ethylene propylene rubber is primarily employed in the automotive industry in automotive sealing strip, radiator hose, sheath of the spark plug, air conditioning hose, rubber gasket, rubber hose, etc. Ethylene propylene rubber is largely used in plastic playground, waterproofing materials, building doors and window sealing strips, glass curtain wall sealing, and pipe seals in the construction industry There are primarily two types of ethylene propylene copolymers with elastic properties: EPM (ethylene-propylene monomer), which is made with ethylene and propylene alone; and EPDM (ethylene-propylene-diene monomer), which is based on three monomers are ethylene, propylene, and small amounts of diene (approximately 5%), usually ethylidene norbornene or 1,4-hexadiene. Key Drivers of Ethylene Propylene Rubber Market High demand for ethylene propylene rubber in the automobile industry is the key factor driving the ethylene propylene rubber market. 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. Furthermore, it is used in the manufacture of engine mounts, brake parts, and windshield wipers. Download PDF Brochure - https://www.transparencymarketresearch.com/sample/sam ple.php?flag=B&rep_id=3820 Restraints ofEthylene Propylene Rubber Market Despite the potential economic advantages associated with ethylene propylene rubber, there are several drawbacks that are projected to restrain the overall development of the global market. For instance, volatility in prices of raw materials is expected to hamper the global ethylene propylene rubber market in the next few years. The EPDM market faces oversupply due to an increase in production capacities in the U.S. and Asia. Companies are reducing their production of EPDM due to fluctuation in demand from end-users. In 2020, China imposed anti-dumping duties on the import of EPDM from South Korea, the U.S., and the European Union. These duties range above 12.5% for a period of five years. The inert nature of EPDM, which reduces the adherence of the material when used in automotive and plastic applications, and high costs of installation of

2. EPDM roofing systems are expected to hamper the demand for ethylene propylene diene monomer in these applications during the forecast period. Furthermore, ethylene propylene diene monomer exhibits unsatisfactory compatibility with most oils, kerosene, gasoline, aromatic and aliphatic hydrocarbons, concentrated acids, and halogenated solvents. These disadvantages of EPDM augment the usage of other elastomers, including NBR, polyurethane-based and HNBR elastomers, in various applications More Trending Reports by Transparency Market Research – https://www.prnewswire.com/news-releases/growing-utilization- among-various-business-segments-will-serve-as-a-game-changer-for- the-hydrocarbon-solvents-market-opines-tmr-301279010.html COVID-19 impact on Ethylene Propylene Rubber Market The COVID-19 outbreak is hampering the demand for ethylene propylene rubber in many applications. Governments of various countries across the globe have enforced lockdown measures to curb the spread of the disease. This has resulted in the slowdown and halt in manufacturing operations, restrictions on supply and transport, and infrastructure slowdown. In turn, this has led to a decline in in demand for ethylene propylene rubber across the globe. Key players operating in the ethylene propylene rubber market are primarily tier I and tier II manufacturers and suppliers. Manufacture and supply chain facilities of these manufacturers are spread across various countries in Asia Pacific, Europe, North America, Latin America, and Middle East & Africa. Many of these players have halted their production output over the last few months due to the COVID-19 pandemic. The pandemic has negatively impacted the demand and supply chain of ethylene propylene rubber. Asia Pacific to be Rapidly Expanding Region of Global Ethylene Propylene Rubber Market In terms of region, Asia Pacific is expected to be a rapidly growing region of the global ethylene propylene rubber market during the forecast period. The unprecedented growth of the automobile industry in the region as a consequence of economic growth has been benefitting the market in the region. Vehicle ownership has been rising owing to the changes in lifestyle and increase in purchasing power, especially in China and India. This is positively influencing the ethylene propylene rubber market in Asia Pacific. Europe stands the second-largest automotive manufacturing region across the world. This is boosting the ethylene propylene rubber market in the region. In particular, BRIC countries are expected to exhibit significant demand for ethylene propylene rubber due to the increase in number of cars and better road conditions. The number of car users is likely to increase in developing countries in the next few years. Growth of the automobile industry is expected to influence the market ethylene propylene rubber in BRIC countries in the near future.

3. Request for Discount on This Report at - https://www.transparencymarketresearch.com/sample/sample.php?fl ag=D&rep_id=3820 Ethylene Propylene Rubber Market: Key Players Major companies operating in global ethylene propylene rubber market are: Lanxess AG ExxonMobil Chemical Company Mitsui Chemicals Kumho Polychem Co. Ltd. ENI Versalis Firestone Building Products Company LLC JSR Corporation Lion Copolymer LLC SK Global Chemical Co. Ltd. Dupont Herdillia Sumitomo Chemical Ethylene Propylene Rubber Market: Research Scope Ethylene Propylene Rubber Market, by Type Ethylene Propylene Monomer (EPM) Ethylene Propylene Diene Monomer (EPDM) Ethylene Propylene Rubber Market, by Application Tires & Tubes Automotive Lubricant Additives Wires & Cables Building & Construction Plastic Modifications Request for covid19 Impact Analysis - https://www.transparencymarketresearch.com/sample/sample.php?fl ag=covid19&rep_id=3820