11 May 2015
Dublin – The EPDM market in Asia-Pacific was estimated at $2,238 million (€2,005m) in 2013 and is projected to grow at a CAGR of 8.1 percent from 2014 to 2019, according to Research and Markets (R&M)
This is according to a report "Asia-Pacific Ethylene Propylene Diene Monomer Market by Application by Geography - Forecasts to 2019", now added to the Irish firm's portfolio.
The study tracks key driver shaping the EPDM market in the region: growing demand from the automotive industry and increasing demand for modified elastomers, said an 8 May release.
Against this, the market is facing challenges such as growing competition from substitutes in the building & construction industry and increasing environmental concerns in the Asia-Pacific region, R&M added.
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