Transparency
Market Research Reports incorporated a definite business overview and
investigation inclines on "Ethylene
Propylene Rubber Market".
This report likewise incorporates more illumination about fundamental
review of the business including definitions, requisitions and
worldwide business sector industry structure.
Ethylene
propylene rubber is classified into two different types of rubbers
including EPM, which is an ethylene propylene monomer, and EPDM,
which is a terpolymer and is based on three monomers including
ethylene, propylene and a non-conjugated diene. EPM is an entirely
saturated ethylene propylene rubber and hence requires vulcanization
by radiation that releases free radicals such as organic peroxides.
In contrast, EPDM possess residual unsaturation in its side chains
and are therefore treated with sulfur and accelerators. Heat
resistance of EPDM is comparatively better as compared to natural
rubber and butadiene rubber. Due to the completely saturated
hydrocarbon backbone, EPM and EPDM are ozone resistant, heat
resistant and oxidation resistant. Owing to the advances in catalyst
technologies and polymerization, polymers are designed and
manufactured for specific purposes.
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Ethylene propylene rubbers are
employed in a wide range of applications including automotive
weather-stripping and seals, garden and appliance hoses, belts,
tubing, roofing membranes, glass run channels, rubber mechanical
goods, thermoplastic vulcanisates, plastic impact modification and in
motor oil additive applications. Ethylene propylene rubbers are
employed largely in the automotive industry as these rubbers are
exceptionally heat resistant and are not affected by the continually
changing weather. Ethylene propylene rubber exhibits stable and
saturated backbone structure and hence provides high heat resistance
and durability. EPMs are used to a wide extent as insulators for
high-voltage cables due to their better insulation characteristics as
compared to EPDM. EPM cables are flexible and are better suited in
places where regular cable movement is required such as in the mining
industry.
Some of the key drivers for
the ethylene propylene rubber market is its use in the automobile
industry. The automobile industry has been growing in various regions
over the past few years and this trend is expected to continue in the
near future. Ethylene propylene rubbers are employed in the
manufacture of automotive rubber stripping and seals. In addition,
ethylene propylene rubber is used as an additive in motor oils and is
employed in the production of engine mounts, windshield wipers and
brake parts. The demand for ethylene propylene rubbers is largely
driven by the automotive industry owing to its high resistance to
heat, weather and vibration dampening properties.
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The key regions present in the
ethylene propylene rubber market include North America, Europe, Asia
Pacific and Rest of the World (RoW). Asia Pacific is anticipated to
be the fastest growing market in terms of demand during the forecast
period. This is owing to the growth in the automobile industry in the
region especially in emerging regions such as India and China. The
changing lifestyle of consumers coupled with the growing disposable
income of consumers is likely to boost the automobile industry over
the next few years. This in turn is expected to drive the ethylene
propylene rubber market during the forecast period. Europe follows as
the second largest automotive manufacturing region followed by North
America and RoW. Additionally, the demand is expected to be very
high in the BRIC countries with the increase in number of cars and
better road conditions. It is expected that the number of car users
in developing countries would increase in the next few years. Due to
growth in automobile industry in the above regions, the market for
ethylene propylene rubber is estimated to rise by a huge margin over
the next few years.
Some of the key companies
present in the ethylene propylene rubber market include LANXESS AG,
Firestone Building Products Company LLC, ExxonMobil Chemical Company,
JSR Corporation, , Mitsui Chemicals, Lion Copolymer LLC., Kumho
Polychem Co. Ltd., SK Global Chemical Co. Ltd., and Versalis.
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