EPDM Market Size Worth USD 6.46 Billion by 2025 | CAGR: 6.5%: Grand View Research, Inc.
SAN FRANCISCO, Feb. 26, 2019 /PRNewswire/ -- The global ethylene propylene diene monomer (EPDM) market size is expected to reach USD 6.46 billion by 2025 expanding at a CAGR of 6.5%, according to Grand View Research, Inc.
- SAN FRANCISCO, Feb. 26, 2019 /PRNewswire/ -- The global ethylene propylene diene monomer (EPDM) market size is expected to reach USD 6.46 billion by 2025 expanding at a CAGR of 6.5%, according to Grand View Research, Inc.
- The market is mainly driven by rising demand for bio-based products and R&D investments in the field.
- High demand for EPDM, mainly in Asia Pacific region due to expanding end-use industries like automotive and construction, is also propelling the market growth.
- Increasing spending on construction and infrastructure development by federal governments due to growing population along with rapid urbanization and industrialization in developing economies will also support market growth.