Ethylene propylene diene monomer (EPDM) demand in India stood at 43 KTPA in 2018 and is projected to grow at a CAGR of over 6.7% during 2019-2030 to reach 106 KTPA by 2030. High demand for EPDM across various sectors such as building & construction, automotive, tires and tubes, wires & cables, lubricant additives, plastic modification, etc. owing to its various useful properties which include resistance to atmospheric ageing, abrasives and tearing, polar solvents like water, acids, alkalies, phosphate esters, etc. Moreover, EPDM has good electrical resistivity which is expected to further propel its demand across India. Additionally, increasing usage of EPDM in various applications like automotive weather-stripping and seals, glass-run channel, radiator, garden and appliance hose, tubing, belts, electrical insulation, roofing membrane, roof coating, RV roof, rubber mechanical goods, plastic impact modification, thermoplastic vulcanizates, motor oil additive applications, window spacers, hydraulic brake systems etc., would further steer growth in India EPDM market during forecast period.
Years Considered for this Report
Historical Years2013 – 2017
Base Year2018
Estimated Year2019
Forecast Period2020 – 2030
Objective of the Study
- The primary objective of the study was to evaluate and forecast EPDM capacity, demand, and demand–supply gap in India.
- To categorize EPDM demand based on application, region and sales channel.
- To identify major customers of EPDM in India.
- To study trade dynamics and company share in India EPDM market.
- To evaluate and forecast EPDM pricing in India.
- To identify and profile major companies operating in India EPDM market.
- To identify major news, deals and expansion plans in India EPDM market.
Some of the major players operating in India EPDM market are Exxon Mobil Corporation, DowDuPont Inc., Mitsui Chemicals, JSR Corporation, etc.
To extract data for India EPDM market, primary research surveys were conducted with EPDM manufacturers, suppliers, distributors, wholesalers and end users. While interviewing, the respondents were also inquired about their competitors. Through this technique, Market insights research was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, Market insights research analyzed various end user segments and projected a positive outlook for India EPDM market over the coming years.
Market insights research calculated EPDM demand in India by analyzing the historical data and demand forecast which was carried out considering development in end use industries. Market insights research sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by Market insights research.
Key Target Audience
- EPDM manufacturers and other stakeholders
- Organizations, forums and alliances related to EPDM distribution
- Government bodies such as regulating authorities and policy makers
- Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders, such as EPDM manufacturers, distributors and policymakers. The report also provides useful insights about which market segments should be targeted over the coming years to strategize investments and capitalize on growth opportunities.
