August 16, 2018
WELLESLEY, Mass., Aug.16, 2018 – Due to mounting pressure to implement sustainable eco-friendly building practices and to improve the quality of EPDM products, the global market for ethylene propylene manufacturing is expected to see sustained growth, according to a new report from BCC Research.
In 2018, the global market for ethylene propylene manufacturing was worth $4.5 billion. BCC Research estimates that it will be valued at $5.4 billion by 2023, indicating a compound annual growth rate (CAGR) of 3.7%, according to the report Ethylene Propylene (EDPM) Manufacturing: Global Markets to 2023.
The market is challenged by restraints such as rising trade protectionism and the rise in oil prices.
“Government support for chemical manufacturing companies including EPDM in the form of tax waivers and subsidies, increasing investments in affordable housing programs by national and state governments has led to an increase in the demand of EDPM products for construction and polymers,” the report notes. “Global industry leaders and large organizations see an expanded role for automation and robotics in the EDPM products industry.”
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Ethylene Propylene Diene Monomer (EPDM) Manufacturing: Global Markets to 2023( CHM111A )
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