https://www.gminsights.com/request-sample/detail/738North America c worth USD 600 million in 2015, will register a considerable growth over the coming years. Surging renovation activities in the commercial and residential infrastructure will also fuel the demand for Ethylene propylene diene monomer market. U.S. Ethylene propylene diene monomer market is projected to surpass a revenue of USD 940 million by 2024.
Ethylene propylene diene monomer market is predicted to record significant gains over the coming timeframe. The increasing demand for Ethylene propylene diene monomer market across the construction sector will stimulate the UK Ethylene propylene diene monomer market trends, which is predicted to exhibit a CAGR of more than 4% over the coming years of 2016 to 2024.
Key industry players include ExxonMobil Chemical, PetroChina Company Limited, Mitsui Chemicals Inc., VERSALIS SPA, and SK Global Chemical Co. Ltd., Sumitomo Chemical Co. Ltd., Carlisle Companies Inc., John Manville Inc., OAO Nizhnekamskneftekhim, DOW Elastomers, Lion Copolymer, LLC, Kumho Polychem Co. Ltd., JSR Corporation, and Lanxess AG.
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The rise in the number of the construction and renovation activities across the globe will drive the industry size. Furthermore, rapidly expanding TPO sector is projected to favorably impact Ethylene propylene diene monomer market trends over the years to come.Automotive, construction, plastics, lubricant additives, and electrical & electronics are the primary application areas of Ethylene propylene diene monomer market. Electrical & electronics application worth USD 140 million in 2015, is anticipated to record a significant growth over the coming seven years, owing to the desirable mechanical and thermal properties of Ethylene propylene diene monomer market.
Construction application will exhibit an annual growth rate of more than 5%, mainly driven by surging product demand across civil structures along with its ability to resist cold, air pollution, heat, and sunlight. In addition, the prominent use of Ethylene propylene diene monomer market for roofing will also influence the ethylene propylene diene monomer industry size noticeably.
Automotive sector accounted for more than 40% of worldwide Ethylene propylene diene monomer market share in 2015 and is projected to register a notable growth rate over the coming timeframe.
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The growth can be attributed to the increasing manufacturing of automotive parts such as door seals, rear lamp gaskets, tire sidewalls, belt drives, braking systems, inner tire tubes, tire sidewalls, hoses, interior panels of the car and front & rear bumpers.