Global Maleic Anhydride Grafted EPDM Market Size, Share, and COVID-19 Impact Analysis, By Application (Automotive, Building & Construction, Electrical & Electronics, and Others), By End User (Manufacturing, Construction, Automotive, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 - 2033

Global Maleic Anhydride Grafted EPDM Market Insights Forecasts to 2033 

• The Global Maleic Anhydride Grafted EPDM Market Size was Valued at USD 1.22 Billion in 2023
• The Market Size is Expected to Grow at a CAGR of around 6.22% from 2023 to 2033
• The Worldwide Maleic Anhydride Grafted EPDM Market Size is Expected to Reach USD 2.23 Billion by 2033 
• Europe is Expected to Grow the fastest during the forecast period.   

The Global Maleic Anhydride Grafted EPDM Market Size is anticipated to exceed USD 2.23 Billion by 2033, growing at a CAGR of 6.22% from 2023 to 2033.  

Market Overview

The industry that produces and sells maleic anhydride grafted EPDM (Ethylene Propylene Diene Monomer) is referred to as the maleic anhydride grafted EPDM market. This material is a popular option for high-performance applications like electrical components, construction materials, and automotive parts because of its exceptional thermal stability, flexibility, and resistance to weather. The demand for high-performance materials in the construction and automotive industries is rising because of their better qualities, which include increased mechanical strength, weather resistance, and great thermal stability. This is the main development factor propelling this market. The market's expansion is also significantly influenced by the electrical and electronics industry. Connectors, electronic enclosures, wire and cable insulation, and other electrical applications can all benefit from the material's exceptional electrical insulation qualities and resilience to adverse environmental conditions. The electronics industry's need for high-performance materials is expected to increase due to the quick development of technology and the growing popularity of smart gadgets. This will have a favorable effect on the market for maleic anhydride grafted EPDM.

Report Coverage

This research report categorizes the global maleic anhydride grafted EPDM market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global maleic anhydride grafted EPDM market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global maleic anhydride grafted EPDM market.  

Driving Factors

The expanding automotive sector is one of the key factors propelling the market for maleic anhydride grafted EPDM. The material is perfect for automotive parts like gaskets, hoses, and seals because of its special qualities, which include strong resistance to heat, oxidation, and weathering. The need for such advanced materials is anticipated to expand as the automotive sector experiences a significant upswing due to increased vehicle production and the shift toward electric vehicles. Further supporting market expansion is the adoption of lightweight and durable materials brought about by the increased focus on fuel economy and pollution reduction. Furthermore, the market's growth is also significantly influenced by the rise of the construction industry. Because of its exceptional longevity and resilience to harsh environmental conditions, maleic anhydride grafted EPDM is frequently used in window seals, roofing membranes, and other building materials. The demand for this material is anticipated to be fueled by the rise in urbanization, infrastructure development, and government measures to support sustainable construction methods. Furthermore, the growing popularity of energy-efficient infrastructure and green buildings is anticipated to improve market prospects in the upcoming years.

Restraints & Challenges

Price fluctuations for raw materials are one of the main obstacles, as they can affect producers' profitability and overall production costs. Market participants may face difficulties due to the availability and price volatility of raw materials such as ethylene and propylene. Furthermore, market expansion may be impacted by the strict laws and environmental issues related to the manufacture and disposal of synthetic rubber products.

Market Segmentation

The global maleic anhydride grafted EPDM market share is classified into application and end-user.

• The automotive segment held a significant share in 2023 and is expected to grow at a significant CAGR during the forecast period.                

Based on the application, the global maleic anhydride grafted EPDM market is categorized as automotive, building & construction, electrical & electronics, and others. Among these, the automotive segment accounted for a significant share in 2023 and is expected to grow at a significant CAGR during the forecast period. The material's remarkable qualities make it appropriate for a variety of automotive parts, including hoses, weather strips, gaskets, and seals, giving the automobile industry a sizable portion of the market. Two of this segment's main drivers are the increase in vehicle production and the move to electric vehicles.

• The manufacturing segment held a significant share in 2023 and is expected to grow at a significant CAGR during the forecast period.       

Based on the end-user, the global maleic anhydride grafted EPDM market is categorized as manufacturing, construction, automotive, and others. Among these, the manufacturing segment held a significant share in 2023 and is expected to grow at a significant CAGR during the forecast period. This material is widely used in the manufacturing sector because of its superior mechanical qualities, thermal stability, and resilience to adverse environmental conditions. It produces high-performance and long-lasting components in a variety of manufacturing processes.

Regional Segment Analysis of the Global Maleic anhydride grafted EPDM Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

Asia Pacific is projected to hold a significant share of the global maleic anhydride grafted EPDM market over the forecast period.

Asia Pacific is projected to hold a significant share of the global maleic anhydride grafted EPDM market over the forecast period. This growth is mostly as a result of expanding cities, fast industrialization, and the burgeoning building and automotive industries in nations like China, India, and Japan. Two major drivers propelling the market in this region are the growing infrastructure development projects and the growing need for high-performance materials in manufacturing processes. Further improving the market prospects are government programs and investments in the building and automotive industries.

Europe is expected to grow at the fastest CAGR growth of the global maleic anhydride grafted EPDM market during the forecast period. Due to its emphasis on environmentally friendly building methods and the presence of significant automakers, Europe also commands a sizeable portion of the market. The market in this area is being driven primarily by the growing trend of green buildings, energy-efficient infrastructure, and the growing use of electric vehicles. The commercial prospects for maleic anhydride grafted EPDM in Europe are further improved by government policies and programs encouraging sustainable practices.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global maleic anhydride grafted EPDM market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• ExxonMobil Corporation
• Dow Inc.
• Lanxess AG
• Mitsui Chemicals, Inc.
• Sumitomo Chemical Co., Ltd.
• SABIC (Saudi Basic Industries Corporation)
• LG Chem Ltd.
• JSR Corporation
• Kumho Polychem Co., Ltd.
• SK Global Chemical Co., Ltd.
• Versalis S.p.A.
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs) 

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global maleic anhydride grafted EPDM market based on the below-mentioned segments: 

Global Maleic Anhydride Grafted EPDM Market, By Application

• Automotive
• Building & Construction
• Electrical & Electronics
• Others

Global Maleic Anhydride Grafted EPDM Market, By End-User

• Manufacturing
• Construction
• Automotive
• Others

Global Maleic anhydride grafted EPDM Market, By Regional

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa