Ethylene-Propylene Elastomers Market Report Explored in Latest Research
Global Industry Analysis
Ethylene-propylene (EP) elastomers are one of the most popular and fastest expanding synthetic rubbers (SBR) in terms of use and growth, after polybutadiene rubber and styrene-butadiene rubber. Excellent electrical properties, strong low-temperature flexibility, and outstanding resistance to ozone, aging, weathering, and high temperatures are all characteristics of ethylene propylene elastomers.
Ethylene-propylene elastomers are also resistant to polar solvents such as acids, water, phosphate esters, alkalis and numerous ketones and alcohols. Ethylene-propylene elastomers are a cost-effective option for a variety of applications because they have a lower density than all other elastomers and plastics and can accommodate high loadings of fillers, plasticizers, and reinforcements.
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Ethylene propylene elastomers are used in a variety of industries including: construction, automotive, plastic modification, lubricant additive, wire and cable, and tire and hose. Ethylene-propylene elastomers are sold under the brand names Norde, Keltan and Royalene, among others.
Ethylene-propylene elastomers have a large number of uses due to the numerous ways in which the polymers can be designed, for example; It is used in automotive gaskets and seals, radiators, glass run channels, garden and appliance hoses, belts, hoses, mechanical rubber items, roof membranes, plastic impact modifiers, thermoplastic vulcanizates, and motor oil additive applications.
Ethylene propylene elastomers are used as an insulator for high voltage cables because they have superior insulating properties over more traditional cables such as cross-linked polyethylene and allow for a smaller cross-sectional area with the same load capacity. The cable is well suited for applications where regular cable movement is required, such as B. in the mining industry. The polymerization and catalyst technologies used today offer the opportunity 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 end-use industries. The market for ethylene propylene elastomers is highly dependent on both the construction sector and the automotive sector. The consumption of ethylene propylene elastomers in automotive applications is the main use for ethylene propylene elastomers and accounts for the bulk of global demand.
Ethylene propylene elastomers are used for body and chassis parts, door and window seals, radiator and heater hoses. Therefore, the growth of ethylene propylene elastomer consumption is highly dependent on the growth of the automotive industry as a whole. In addition, the growth of the plastic modification market will be a major driving factor in the growth of the ethylene propylene elastomers market. In addition, the exceptional properties and superior performance of ethylene propylene elastomers will drive demand for ethylene propylene elastomers.
Emerging markets are also having a major impact on the increase in demand and production of ethylene propylene elastomers available in the market. However, the increase in the production cost of ethylene propylene elastomers and increasing awareness of health hazards associated with ethylene propylene elastomers could hamper the growth of this market.
In addition to developed economies 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 due to strong growth in end-use industries such as automotive, lubricant additives, wire and cable.
Some of the major players in this market are Mitsui Chemical (Japan), LANXESS AG (Germany), Versalis (Italy), SK Global Chemical (Japan), Kumho Petrochemical (South 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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Key regions assessed in this report are:
- North America
- US
- Canada
- Europe
- France, Germany, Italy, Spain and Great Britain
- Eastern Europe
- CIS
- APAC
- China
- India
- Japan
- Australia
- Other
- Latin America
- Argentina
- Brazil
- Other
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 strategies of the top players
- Ethylene Propylene Elastomers Market Estimates and Forecasts (2015-2021)
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