Ethylene Propylene Rubber (EPR) Market
Ethylene Propylene Rubber (EPR) Market Scope:
Industry Analysis, Market Size, Growth, Trends Till 2031
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Ethylene Propylene Rubber (EPR) Market Size and Growth
The Ethylene Propylene Rubber (EPR) market exhibits robust growth due to rising demand across automotive, construction, and consumer goods sectors. Market size is estimated at approximately $3 billion in 2023, with a projected compound annual growth rate (CAGR) of 5% over the next five years, driven by increased applications and technological advancements.
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Companies Covered
(Covid 19 Impact Covered)
◍ ExxonMobil Chemical
◍ JSR Corporation
◍ LANXESS
◍ Firestone Building Products
◍ Versalis, Lion Copolymer
◍ Kumho Polychem
◍ SK Global Chemical
◍ Mitsui Chemicals
The Ethylene Propylene Rubber (EPR) market features major players like ExxonMobil Chemical, JSR Corporation, and LANXESS, which utilize EPR for automotive, construction, and industrial applications. These companies drive market growth through innovation and capacity expansion. Sales revenues include:
- ExxonMobil: $413 billion
- JSR Corporation: $4 billion
- LANXESS: $7 billion
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Market Segmentation
By Application
◍ Automobile Parts
◍ Waterproof Material
◍ Wire and Cable Sheath
◍ Heat Resistant Hose
◍ Adhesive Tape
◍ Automobile Seals
◍ Lubricant Additive
By Product
◍ Ethylene Propylene Monomer (EPM)
◍ EPDM
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Market Growth
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$ X Billion USD
