Markets and Markets, said the latest research report, in 2011 the global ethylene propylene diene rubber (EPDM) market value is estimated at $ 4.2 billion, is expected to reach $ 6.5 billion by 2017, during the annual compound growth rate of 6.9%.
The IHS Chemical analysis that global EPDM demand will be 120 million tons in 2011 to 160 million tons in 2017, will continue to be the engine of world the EPDM consumer demand in Asia. China EPDM average annual growth rate of consumption is projected to be 11%, increased from 24 million tons in 2011 to 450,000 tons in 2017; EPDM consumption in India is expected to grow at an average annual rate of 10%.
At present, the global EPDM production of basic formation (485,000 tons / year) in North America, Western Europe (40.0 million tons / year) and Asia (38.9 million tons / year) tripod pattern.
According to reports, the EPDM projects currently under construction or planned: Shanghai Sinopec Mitsui elastomer, Co., Ltd. in China 7.5 million tons / year project, JSR company expansion project in Korea (90,000 tons / year increase to 150,000 tons / year), SK plans new 50,000 tons / year project in Ningbo, China, Jilin Petrochemical plans to increase 40,000 tons / year EPDM project, Yanchang Petroleum, Shandong Jade chemical program launched 50,000 tons / year project, Saudi Basic Industries Corp. and Exxon Mobil joint venture projects, in Saudi Arabia as well as Saudi Aramco and Sumitomo joint project.
With the gradual release of production capacity in Asia, 2015, the global EPDM total capacity will have a larger increase, production capacity is expected to more than 1.65 million tons / year.