Ethylene Propylene Diene Monomer (EPDM) Market, By Product Form (Sheets, Molded Products, and Others), By Application (Automotive & Transportation, Building & Construction, Industrial Machinery, Wires & Cables, and Others), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

Published In : Aug 2024

Code : CMI7277

Pages :135

Formats :

Excel and PDF

Industry : Specialty and Fine Chemicals

Market Concentration and Competitive Landscape

Ethylene Propylene Diene Monomer (EPDM) Market Concentration By Players

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Increasing usage in wire and cable jacketing

EPDM has emerged as one of the most popular materials for wire and cable jacketing, exhibiting high penetration in this segment. A few benefiting properties of EPDM that have led to its widespread adoption in the wire and cable industry include effective insulation, wide temperature and chemical resistance range, durability and flexibility. It provides robust protection to wire assemblies against environmental hazards, moisture ingress, mechanical stresses, and electromagnetic interferences. With growing construction activities and continuous infrastructural development worldwide, the demand for power, control, and communication cables is experiencing notable gains. Since EPDM jacketed cables can withstand harsh outdoor conditions and offer longer lifespan, there is increasing preference for these types of cables in various construction applications such as power distribution, low voltage wiring, instrumentation cables, mining, and tunnel projects.

Moreover, the rising complexity of modern buildings has augmented the need for sophisticated wire and cable infrastructure with higher performance specifications. EPDM meets these evolving requirements well by delivering consistently reliable insulation over a wide temperature range from -50°C to +150°C. It is also becoming a material of choice for flexible hoses, irrigation pipes, and other outdoor hosing applications subjected to weathering due to its impermeability to moisture and numerous organic compounds. EPDM utilization is further bolstered by the increasing penetration of renewable energy such as solar PV installations which extensively use EPDM insulated cables and wires. Overall, the exceptional electrical, physical, and chemical resistance properties coupled with design flexibility of EPDM make it absolutely critical for advanced wire and cable solutions of the future.

Key Players Insights