Global industry analysis
The Ethylene-Propylene Elastomers Market is a rapidly growing one, with the demand for elastomers in the chemical industry, medical devices, healthcare, and consumer goods all contributing to its growth. Ethylene-Propylene Elastomers (EPE) are known for their excellent resistance to weathering, aging, ozone, and ultraviolet rays.
Additionally resistant to polar solvents including acids, water, phosphate esters, alkalis and various ketones and alcohols are ethylene propylene elastomers. Because they can hold large amounts of fillers, plasticizers, and reinforcements, and are less dense than all other elastomers and plastics, ethylene propylene elastomers are an economical choice for a wide range of applications.
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Ethylene propylene elastomers are used in a variety of industries including construction, automotive, plastic modification, lubricant additives, wire and cable, tire and hose. Ethylene-propylene elastomers are sold under the Norde, Keltan and Royalene brand names.
Ethylene-propylene elastomers have many uses, for example due to the variety of ways the polymer can be designed. Applications include automotive gaskets and sealants, radiators, glass run channels, garden and appliance hoses, belts, hoses, machine rubber items, roof membranes, plastic impact modifiers, thermoplastic vulcanizates, and motor oil additives.
Ethylene-propylene elastomers are used as insulators for high-voltage cables because they have better insulating properties than conventional cables such as cross-linked polyethylene and allow for smaller cross-sectional areas with the same load-carrying capacity. These cables are well suited for applications that require regular cable movement, such as B. in the mining industry. The polymerization and catalyst technologies used today offer opportunities to design ethylene propylene elastomers to meet specific and demanding application and processing requirements.
The market for ethylene propylene elastomers is driven by growth in the end use industry. The market for ethylene propylene elastomers is heavily dependent on the construction and automotive sectors. The consumption of ethylene propylene elastomers in automotive applications is the main use of ethylene propylene elastomers and accounts for most of the world demand.
Ethylene-propylene elastomers are used for body and chassis parts, door and window seals, and radiator and heating hoses. Therefore, the growth of ethylene propylene elastomer consumption is highly dependent on the growth of the automotive industry as a whole. Furthermore, the growth in the plastic modification market will be a major factor in the growth of the ethylene propylene elastomers market. In addition, the excellent properties and superior performance of ethylene propylene elastomers will drive the demand for ethylene propylene elastomers.
Emerging markets are also having a major impact on the increasing demand and production of ethylene propylene elastomers available in the market. However, increasing production costs of ethylene propylene elastomers and growing awareness of health risks associated with ethylene propylene elastomers may hamper the growth of this market.
Aside from developed countries such as North America and Europe, emerging markets are witnessing rapid growth in demand and applications for ethylene propylene elastomers. Asia Pacific is one of the fastest growing markets for ethylene propylene elastomers, driven by strong growth in end-use industries such as automotive, lubricant additives, and wire and cable.
The major players in this market are Mitsui Chemical (Japan), LANXESS AG (Germany), Versalis (Italy), SK Global Chemical (Japan), Kumho Petrochemical (Korea), Sumitomo (Japan), ExxonMobil Chemical Corp. (USA). Dow Elastomers (USA), Lion Copolymer (USA), JSR Corporation (Japan), Jilin Chemical (China), SK Global Chemical (Japan) and Sumitomo (Japan).
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The main regions assessed in this report are:
- North America
- You have
- France, Germany, Italy, Spain, Great Britain
- Eastern Europe
- Latin America
Main features of this report
- Drivers, restraints and challenges shaping the market dynamics of Ethylene Propylene Elastomers
- Latest innovations and major events in the industry
- Analysis of the business strategy of top players
- Estimates and Projections of Ethylene Propylene Elastomers Market (2015-2021)
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