The Ethylene Propylene Diene Monomer (EPDM) market is segmented by Manufacturing Process (Solution Polymerization Process, Slurry/Suspension Process, and Gas-phase Polymerization Process), Application (Automotive, Building and Construction, Manufacturing, Electrical and Electronics, and Other Applications), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). Market Overview The market for ethylene propylene diene monomer is expected to grow at a CAGR of more than 5% during the forecast period. The major factor driving the growth of the market studied is the rising construction sector across the globe primarily in developing nations. On the flipside, the decline in the automotive industry is expected to hinder the growth of the market studied. ●The automotive segment dominated the market with a significant share. However, the segment is expected to witness a slow growth rate during the forecast period. ●Asia-Pacific dominated the market and is expected to continue its dominance during the forecast period. Key Market Trends Construction Segment to witness Lucrative Growth ●Automotive Segment is the largest market for EPDM, however recent decline in automotive industry across the globe is expected to act as an opportunity for EPDM in construction sector. ●Various features of EPDM, such as its superior resistivity toward heat and cold, UV resistivity, low life-cycle costs, high flexibility, and elongation in any climate have increased its usage in roofing solutions. It is also used in basements, podium decks, sloping and slabs, swimming pools, etc. ●As the construction industry continues to grow, the usage of EPDM in these applications is also expected to continue to increase. ●According to a study by the Institution of Civil Engineers (ICE), the global construction industry is expected to reach USD 8 trillion by 2030, primarily driven by the Chinese, Indian, and US regions. ●Such factors in turn are expected to act in favor of the EPDM market in the construction sector. Asia-Pacific to dominate the Market ●Asia-Pacific dominated the market with a share and is likely to continue its dominance during the forecast period. ●Asia-Pacific being a hub for both automotive and construction industries across the globe is the major region driving the demand for EPDM. ●China and India are among the major manufacturers of Automotive industry across the globe. ●However, the recent decline in the automotive market in almost all the nations is likely to have a negative impact on the market studied. ●On a brighter side, the rising construction industry across the globe is likely to balance the situation to a certain extent and help the region in maintaining its dominant position in the market. Source:https://www.mordorintelligence.com/industry-reports/ethylene-propylene-diene-monomer-epdm-marke 