Ethylene Propylene Rubber Market: Introduction
In Ethylene Propylene Rubber Market Report, Due to its stable, saturated polymer backbone, ethylene propylene rubber is highly resistant to heat, oxidation, weather, and ozone. Ethylene propylene rubbers are widely employed in the automobile industry due to their remarkable heat resistance and insensitivity to weather fluctuations.
In the automobile industry, ethylene propylene rubber is largely used for automotive sealing strip, radiator hose, spark plug sheath, air conditioning hose, rubber gasket, rubber hose, etc.
In the construction business, ethylene propylene rubber is widely utilised in plastic playgrounds, waterproofing materials, building doors and window sealing strips, glass curtain wall sealing, and pipe seals.
There are primarily two types of ethylene propylene copolymers with elastic properties: EPM (ethylene-propylene monomer), which is made from ethylene and propylene alone; and EPDM (ethylene-propylene-diene monomer), which is comprised of three monomers: ethylene, propylene, and a small amount of diene (approximately 5 percent), typically ethylidene norbornene or 1,4-hexadiene
Key Market Drivers for Ethylene Propylene Rubber
Automobile industry demand is the primary driver driving the market. The market for ethylene propylene rubber has benefited from the expansion of the global vehicle sector in numerous regions. Weatherstripping and seals for automobiles are manufactured with ethylene propylene rubber. It is also a component of motor oil additives. In addition, it is utilised in the production of engine mounts, braking components, and windshield wipers.
Market Restrictions for Ethylene Propylene Rubber
Despite the potential economic benefits connected with ethylene propylene rubber, a number of disadvantages are anticipated to impede the growth of the global market as a whole.
In the coming years, the global market is anticipated to be hindered by the volatility of raw material costs.
Due to rising production capacities in the United States and Asia, the EPDM market is oversupplied. Due to fluctuations in demand from end-users, businesses are lowering their EPDM manufacturing.
China slapped anti-dumping taxes on EPDM imports from South Korea, the United States, and the European Union in 2020. These responsibilities exceed 12.5% for a duration of five years.
The inert character of EPDM, which limits the material’s adhesion when used in automotive and plastic applications, and the high installation costs of EPDM roofing systems are likely to restrain demand for ethylene propylene diene monomer in these applications over the projection period.
In addition, the compatibility of ethylene propylene diene monomer with most oils, kerosene, gasoline, aromatic and aliphatic hydrocarbons, strong acids, and halogenated solvents is unsatisfactory.
These shortcomings of EPDM increase the use of other elastomers, such as NBR, polyurethane-based, and HNBR elastomers, in a variety of applications.
Impact of COVID-19 on the Ethylene Propylene Rubber Market
The COVID-19 epidemic has a negative impact on the demand for ethylene propylene rubber in numerous applications. Various governments across the globe have implemented lockdown measures to prevent the spread of the disease.
This has led in the slowing and cessation of manufacturing operations, constraints on supply and transport, and a deceleration of infrastructure. This has resulted in a worldwide reduction in demand for ethylene propylene rubber.
Principal companies in the ethylene propylene rubber industry are principally manufacturers and suppliers from tiers I and II. These manufacturers’ manufacturing and supply chain sites are dispersed throughout Asia Pacific, Europe, North America, Latin America, and the Middle East and Africa. Due to the COVID-19 epidemic, a significant number of these actors have ceased production during the past few months.
The pandemic has significantly impacted the ethylene propylene rubber demand and supply chain.
Asia-Pacific will be the fastest-growing market region for ethylene propylene rubber worldwide.
Asia-Pacific is anticipated to be the fastest-growing region in the global market throughout the forecast period.
The exceptional expansion of the automobile sector in the region as a result of economic expansion has benefited the regional market.
Changes in lifestyle and a rise in purchasing power have led to an increase in vehicle ownership, particularly in China and India. This has a favourable effect on the Asia-Pacific ethylene propylene rubber market.
Europe is the world’s second-largest region for automobile manufacture. This is increasing the need for ethylene propylene rubber in the region.
Particularly, BRIC nations are anticipated to demonstrate a substantial demand for ethylene propylene rubber as the number of automobiles increases and road conditions improve. In the coming years, there will certainly be an increase in automobile ownership in emerging nations. In the near future, the expansion of the automobile industry is anticipated to impact the ethylene propylene rubber market in BRIC nations.
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