Ethylene Propylene Diene Monomer (EPDM) Market: New Players Eye Entry Doors as Market Breaks Away from Consolidation, TMR
The global ethylene propylene diene monomer (EPDM) market has been foreseen by Transparency Market Research (TMR) to exhibit a significant level of consolidation. However, the consolidated nature of the market could mellow down as a vast count of companies consider ventures, also intensifying the degree of competition. The industry could also be influenced by mergers and acquisitions and high focus on less developed markets for favorable growth prospects. The Dow Chemical Company, Lion Copolymer LLC, Mitsui Chemicals, LANXESS AG, Kumho Polychem, and ExxonMobil Chemical Company have been marked as the top six players securing a colossal share of approximately 80.0% in the world market. According to TMR, the global EPDM market has been foretold to draw a revenue valuation of US$4.20 bn by 2024 at a CAGR of 5.4% from the opening year of the forecast period. In 2015, the market is analyzed to have raked in a US$2.63 bn. By end-user analysis, the automotive sector could...