Top 5 Vendors in the Global EPDM Market from 2017-2021: Technavio

LONDON–(BUSINESS WIRE)–#EPDM—Technavio
has announced the top five leading vendors in their recent global
Ethylene Propylene Diene Monomer (EPDM) market report until
2021. This research report also lists seven other prominent vendors that
are expected to impact the market during the forecast period.

The global
EPDM market is growing at a considerable rate and is expected to
observe significant growth over the forecast period. Growing demand for
EPDM in automotive, molded goods, building and construction, lubricant
additives, and plastic modification applications is expected to drive
the demand for EPDM. Increasing demand from automotive and construction
applications in APAC is likely to drive the market. EPDM is mainly used
in low slope roofing in new or refurbished buildings. Growing demand for
synthetic rubber is also fueling the market. Volatile price of raw
material is one of the key challenges for the global EPDM market.

Competitive vendor landscape

The global EPDM market is dominated by five prominent vendors: The Dow
Chemical Company, ExxonMobil, Lion Elastomers, LANXESS, and MITSUI
CHEMICALS. These players have a vast geographical presence with large
production facilities located globally. However, there are small local
and regional vendors with substantial market shares as well.

Ajay Adhikari, an industry expert at Technavio for research on specialty
chemicals, says, “Vendors compete based on factors such as
innovation, price, operational cost, and product quality. Some of the
players can drive down the market prices because their costs are lower
than that of their competitor’s. Also, financial, technological, and
other resources of some of the suppliers are greater than that of their
competitor’s, and such players can withstand the changes in market
conditions.”

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About the five EPDM market vendors

ExxonMobil

ExxonMobil is a global gas and oil exploration company, and it is one of
the world’s leading marketers and producers of bitumen. The company also
specializes in a wide range of asphalt binders that meet industry
requirements through a supply network. It also specialized in the
manufacture and marketing of commodity petrochemicals such as
polyethylene, polypropylene plastics, aromatics and others along with
the transport and sale of natural gas, crude oil, and petroleum products.

MITSUI CHEMICALS

MITSUI CHEMICALS aims in bringing innovation in chemicals and chemistry.
The company deals with chemical products used in the automobiles,
electronics, healthcare, food, and housing sectors. Some of the end-user
segments catered by the company are healthcare, mobility, food and
packaging, basic material business.

LANXESS

LANXESS is a global manufacturer of plastics, specialty chemical, and
chemical intermediates. The company is the leading supplier of synthetic
rubber. ARLANXEO, the joint venture of LANXESS and Saudi Aramco,
manufactures synthetic rubber. The product segments of LANXESS are
advanced intermediates, specialty additives, performance chemicals,
engineering materials, and ARLANXEO. Industrial intermediates and
aromatic compounds include cresols, nitrotoluene and its derivatives,
chlorotoluene, chlorobenzene, amines, benzyl products, sulfuric acid,
and phthalic anhydride.

Lion Elastomers

Lion Elastomers is a leading manufacturer of synthetic rubber. Lion
Elastomer offers general EPDM and specialty EPDM, general SBR, and
specialty SBR. In general EPDM, there are two products types:
Royalene/Royaledge and Royaltherm. Trilene liquid EPDM comes under
specialty EPDM. General SBR has a cold type and black masterbatch type.
The products that fall under specialty SBR are hot polymerized SBR and
high styrene masterbatch.

The Dow Chemical Company

The Dow Chemical Company offers solutions for clean water, increased
agricultural productivity, and clean energy generation and conservation.
Its product portfolio includes advanced materials, specialty chemicals,
and agrosciences. Under its performance chemicals and materials business
unit, the company offers chlor-alkali and vinyl, chlorinated organics,
epoxy, industrial solutions, and polyurethanes.

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