Ethylene Propylene Diene Monomer Market To Predict Global Expansion Dye To Rising Demand For Bio-Based Products
Ethylene Propylene Diene Monomer Industry Overview The global ethylene propylene diene monomer market size was valued at USD 5.1 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 6.5% from 2022 to 2030. Rising demand from the Asia Pacific region, coupled with the growth in R&D investments and demand for bio-based products, is likely to propel the product demand during the forecast period. Ethylene Propylene Diene Monomer (EPDM) is a synthetic elastomer, which is produced as a copolymer of propylene and ethylene combined with pendant diene to cross-link the polymer. It is a kind of synthetic rubber, which is characterized by a strong resistance to heat, weather, ozone, fluids, and oxidized chemicals. It is also resistant to mild acids, synthetic brake fluids, water, ethylene glycol, and other liquids. The global demand for EPDM is anticipated to witness lucrative growth over the forecast period on account of the massive expansio...