Published on : Sep 10, 2019
ContiTech AG, Goodyear, Fenner, Bridgestone, Zhejiang Double Arrow, Cobra Group, Shandong Aneng, Polycomp, are some of the prominent players operating in the global EPDM rubber compound market. These players are constantly involved in improving the physical and chemical properties of EPDM rubber compound in order to improve its application.
The global EPDM compound market is expected to register a significant growth in the coming few years.
On the basis of geography, the global EPDM rubber compound market is segmented into Asia Pacific, North America, Europe and the Middle East and Africa. Among all these regions, Asia Pacific holds maximum growth potential in the global EPDM rubber compound market. This is mainly due to the presence of several players in countries such as China, India and Bangladesh.
Limited Application with Hydrocarbon Oils and Greases to Impede Market’s Growth
EPDM rubber compound has several favourable properties. It offers low temperature flexibility, high tear and abrasion resistance, high tensile strength, and excellent resistance to ozone, water, and oxidation. Due to this, the demand of EPDM rubber compound is increasing at higher pace. This is expected to offer several lucrative opportunities to the growth of the EPDM rubber compound market in the coming few years.
However, limited application of EPDM rubber compound with hydrocarbon (petroleum) oils and greases, natural gas, and mineral oils are expected to hamper the market’s growth in the coming few years. Along with this, stringent government regulation for the manufacturing of the EPDM rubber compound market especially in the developing countries is some other factors projected to not favor players in the EPDM rubber compound market.
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Nonetheless, factor such as increasing research and development activities by the players to improve quality and application scope is likely to fuel the global EPDM rubber compound market.