Favorable Developments in Automotive and Construction Industries to Boost Demand for EPDM in Emerging Economies, reports TMR
The global ethylene propylene diene monomer (EPDM) market is marked by an extremely high level of consolidation, with the top six companies accounting for over 80% of the market in 2015, states TMR in a recent report. These top six companies, including ExxonMobil Chemical Company, Kumho Polychem, LANXESS AG, Mitsui Chemicals, Lion Copolymer LLC, and The Dow Chemical Company, are the key determinants of the overall development of the market presently. However, a large number of local vendors are venturing in the global EPDM market, a trend which is expected to intensify the competition substantially in the market in the next few years. This trend is also expected to bring down the level of consolidation, leading to the development of sustainable growth prospects for new entrants as well. Mergers and acquisitions are likely to have a major impact on the overall dynamics of the market and companies are expected to increase their focus on emerging markets with promisin...