EPDM Rubber Price Trend

EPDM Rubber Prices December 2023

The price of EPDM rubber in the United States for Q4 2023 reached 2149 USD/MT in December. The market in the United States witnessed a decline in prices of EPDM rubber as compared to Q3 due to the destocking of inventories by manufacturers and traders.

The price trend for EPDM rubber in Japan witnessed a decline and reached USD 2331/MT in December 2023. However, the overall enquiry for EPDM Rubber remained strong in Japan, where the market value of EPDM Rubber Medium Diene (ENB 4.7-5.4) held steady, despite the continuous drop in crude oil prices impacting global Naphtha costs and subsequently caused a considerable decrease in Ethylene prices.

In the Netherlands, EPDM rubber prices declined as compared to the previous quarter reaching USD 2981/MT, influenced by the ongoing decline in crude oil prices and reduced demands from major importing nations, despite the moderate sales in the automobile industry.

EPDM Rubber Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “EPDM Rubber Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of EPDM rubber pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of EPDM rubber at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of EPDM rubber price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing EPDM rubber price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

EPDM Rubber Market Analysis

The global EPDM rubber market size reached US$ 3.3 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 5.7 Billion, at a projected CAGR of 6.30% during 2023-2032.

• The widespread adoption of EPDM rubber in various industries such as automotive, construction, electrical, HVAC (Heating, Ventilation, and Air Conditioning), and marine industries represents one of the key factors influencing the growth of the EPDM rubber market across the globe.
• The extensive use of EPDM rubber in trunk seals, door seals, window seals, and other automotive sealing applications is driving the growth of the market. This is primarily attributed to its excellent compression sets resistance and withering properties which is boosting the demand for EPDM rubber. For instance, in 2024 India-based hose manufacturer Polyhose Inc. plans to double the size of its current facility inside Pender Commerce Park which is expected to fuel the demand for EPDM rubber.
• The increasing investment in the automotive industry is propelling the market growth. According to The Economic Times, the Indian auto industry is set to invest up to $7 billion, or about Rs 58,000 crore, by FY28 to deepen the localization of advanced components from electric motors to automatic transmissions to reduce imports and capitalize on multinationals’ ‘China Plus One’ sourcing strategy.
• The rising construction activities, coupled with the increasing demand for EPDM rubber in the construction industry for its weather resistance, ease of installation, and durability are contributing to the growth of the market. in 2023, VINCI Airports announced to launch of a 14-hectare solar power plant at Lyon-Saint Exupéry airport, which is likely to cover 5,800 parking spaces at the airport. One of the largest shaded power plants in France, with a capacity of 20 MWp, it will produce 24 GWh of green electricity annually, equivalent to the consumption of 9.000 inhabitants.
• The rising demand for EPDM rubber as an insulation material for cables and wires in electrical applications is facilitating the growth of the market which is due to its thermal stability, excellent electrical properties, and resistance to chemicals and moisture.
• Strict rules and regulations regarding vehicle emissions, energy efficiency, and building codes mandate the use of high-performance materials like EPDM rubber which is creating a positive outlook for the market. For instance, The Energy Policy Act (EPA) addresses energy production in the United States, including energy efficiency; renewable energy; oil and gas; coal; Tribal energy; nuclear matters and security; vehicles and motor fuels, including ethanol; hydrogen; electricity; energy tax incentives; hydropower and geothermal energy; and climate change technology.

EPDM Rubber News

The report covers the latest developments, updates, and trends impacting the global EPDM rubber market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in EPDM rubber production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the EPDM rubber price trend.

Latest developments in the EPDM rubber industry:

• In 2023, DOW, Inc. announced that its board of directors declared the final investment decision on the Company’s Fort Saskatchewan Path2Zero investment to build the world's first net 0 scope1and 2 emissions-integrated ethylene cracker and derivatives facility in Alberta, Canada.
• In 2022, Firestone Building Products Company, LLC announced that it is adopting the Holcim name and brand identification, establishing the Holcim Building Envelope segment inside its Solutions & Products Business Unit. Elevate™ is the new name for Firestone, the market leader in roofing, wall, and lining systems. It represents Holcim's zeal to provide high-quality, innovative building solutions.

Product Description

Ethylene propylene diene monomer, or EPDM, refers to a kind of synthetic rubber that is generally employed across various industries. It is made from propylene, ethylene, and diene monomers and is a very durable and versatile type of rubber with many applications.

While some synthetic rubbers, like EPDM, are made to be able to tolerate more harsh circumstances and can last considerably longer, natural rubber may deteriorate with exposure to sunlight and ozone and become brittle over time.

EPDM has several uses because of its flexibility, durability, capacity to resist a huge range of temperatures as low as -60°F(-51°C), and as high as 350°F(177°C), and several other properties. This incorporates water gaskets, flexible connectors, O-rings, grommets, and a diversity of automotive parts, as well as lots of other outdoor applications. It is also the only rubber that is utilized for creating full roofing systems.

This durability of EPDM makes it a very common choice for many different outdoor applications. Unlike many other types of rubber, it does not bloom, meaning its color never fades when exposed to the elements. If its care is taken properly, it can last for decades.

Regional Coverage

The report provides a detailed analysis of the EPDM rubber market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the EPDM rubber price trend.

Global EPDM Rubber Price

The report offers a holistic view of the global EPDM rubber pricing trends in the form of EPDM rubber price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price of EPDM rubber but also provides insights into historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed EPDM rubber demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe EPDM Rubber Price

The European region has experienced a bearish price trend with moderate supply and demand. Apart from this, the overall inquiry for EPDM Rubber remained high in the market. However, the automotive industry in certain European countries showed a divergent pattern. Reduced demand from key importing nations and declining crude oil prices contributed to an overall price decrease. Germany, a significant auto market, witnessed lower sales because of a slowdown in the building industry and reductions in government subsidies. In the Netherlands, inadequate demand continued in the face of adverse market conditions, prompting manufacturers and dealers to attempt destocking, even at sacrificing profits.

This analysis can be extended to include detailed EPDM rubber price information for a comprehensive list of countries.

North America EPDM Rubber Price

In North America, the EPDM rubber market has witnessed a decline in Q4 due to global oversupply of EPDM rubber, and the slowdown in the automotive and construction industries in the European Market, which resulted in lowering the demand for EPDM Rubber. The price trend was primarily affected by the destocking of inventories by manufacturers and traders.

Specific EPDM rubber historical data within the United States and Canada can also be provided.

Middle East and Africa EPDM Rubber Price

The analysis of EPDM rubber prices in the Middle East and Africa provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

In addition to region-wise data, information on EPDM rubber prices for countries can also be provided.

Asia Pacific EPDM Rubber Price

The EPDM rubber pricing in the Asia Pacific region showcased a bearish trend with moderate to high supply and demand conditions. The Quarter witnessed a decrease in prices from the major exporting countries like South Korea and Japan due to decreased industrial activities. The price decline was caused by a decline in the price of crude oil as well as an imbalance in the supply chain and demand among different providers. The price of the major feedstock, ethylene, decreased, which caused the EPDM rubber market to trend downward. In contrast, the price of propylene was stable.

This EPDM rubber price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America EPDM Rubber Price

The analysis of EPDM rubber prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of EPDM rubber pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting EPDM rubber price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The EPDM rubber price charts ensure our clients remain at the forefront of the industry.