Medical Application EPDM Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 4.00 % |
| Fastest Growing Market | North America |
| Largest Market | North America |
| Market Concentration | High |
Major Players_market_for_medical_application/ethylene_propylene_diene_monomer_(epdm)_market_for_medical_application_1592918218076_Key_Players_-_Ethylene_Propylene_Diene_Monomer_(EPDM)_for_Medical_Application_Market.webp "Ethylene Propylene Diene Monomer (EPDM) Market for Medical Application Major Players")
*Disclaimer: Major Players sorted in no particular order |
Medical Application EPDM Market Analysis
The ethylene propylene diene monomer (EPDM) market for medical applications is expected to develop at a CAGR of 4% during the forecast period. The major factor driving the growth of the market studied is the increasing demand due to the COVID-19 outbreak. On the flip-side, the availability of substitutes and regulatory approval requirements is expected to hinder the growth of the market studied.
- EPDM is suited to aqueous pharmaceutical products, for instance, it is used in sterilizable bioreactors for fermentation and in autoclaves for high-pressure steam sterilization of culture media. Moreover, EPDM is one of the major materials used in the production of masks and gloves, the demand for EPDM has also been increasing at a robust rate.
- North Americais expected to be the largest market due to the large-scale production and consumption of the EPDM products.
Medical Application EPDM Market Trends
This section covers the major market trends shaping the Medical Application EPDM Market according to our research experts:
Solution Polymerization Process to dominate the EPDM Market in Medical Application
- The solution polymerization process is polymerization of ethylene, propylene, and catalyst systems in the presence of an excess of hydrocarbon solvent.
- Catalyst systems, such as Ziegler-Natta and metallocene catalysts, are used in the process to increase productivity and maintain control of the polymer structure.
- The solution polymerization process is the most widely used and is highly versatile in making a wide range of polymers.
- The demand for EPDM in various medical applications is increasing, mainly in the Asian region, as it is the major industrial hub globally. This factor is expected to drive the demand for EPDM and thus, in turn, is expected to enhance the usage of the solution polymerization process to manufacture EPDM during the forecast period.
- The Indian pharmaceutical sector stands to be the world's largest provider of generic drugs, which supplies more than 50% of global demand for various vaccines, including 40% of generic demand from the United States and 25% of all medicines in United Kingdom.
- The increased demand for solution polymerization process is expected to drive the growth of the market studied at a robust pace.
North America Accounted for the Largest Share in EPDM Market
- The healthcare sector in the United States is by far one of the most advanced sectors in the country. The country's expenditure in healthcare stood at USD 3.8 trillion in 2019, an increase of around 4.8% over 2019. For 2020-2027, national healthcare spending is projected to grow at an average of 5.7% and reach approximately USD 6 trillion by 2027.
- The increasing geriatric population and the growing requirement for medical facilities for the treatment of chronic diseases have been supporting the growth of the healthcare sector, as well as the consumption of silicone gels and elastomers in various medical devices and equipment in the country.
- According to SelectUSA, a program by the International Trade Administration (ITA), US Department of Commerce, the medical devices market in the country is the largest medical device market in the world. It is/was valued at USD 156 billion in 2018 and is estimated to reach USD 208 billion by 2023.
- The medical device manufacturing in Mexico is one of the fastest-growing manufacturing industries and in 2018, it exported more than USD 9 billion in medical equipment and supplies and is likely to export about USD 15 billion by the end of 2020, according to INEGI.
- Thus, the above mentioned factors are anticipated to drive the product demand from North America region during the forecast period.
Medical Application EPDM Industry Overview
The ethylene propylene diene monomer (EPDM) for medical application is consolidated. Some of the players in the market include Trelleborg Group, Freudenberg Sealing Technologies, Parker Hannifin Corp., James Walker, and Arlanxeo.
Medical Application EPDM Market Leaders
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Trelleborg Group
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Freudenberg Sealing Technologies
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Parker Hannifin Corp.
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James Walker
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Arlanxeo
*Disclaimer: Major Players sorted in no particular order
_market_for_medical_application/ethylene_propylene_diene_monomer_(epdm)_market_for_medical_application_1592918224083_Market_Concentration_-_Ethylene_Propylene_Diene_Monomer_(EPDM)_for_Medical_Application_Market.webp "Ethylene Propylene Diene Monomer (EPDM) Market for Medical Application Concentration")
Medical Application EPDM Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
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4.1 Drivers
- 4.1.1 Increased Demand due to COVID-19 Outbreak
- 4.1.2 Growth in the Pharmaceutical Industry Driving EPDM Consumption
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4.2 Restraints
- 4.2.1 Availability of Substitutes and Regulatory Approval Requirements
- 4.3 Industry Value Chain Analysis
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4.4 Porter's Five Forces Analysis
- 4.4.1 Threat of New Entrants
- 4.4.2 Bargaining Power of Buyers
- 4.4.3 Bargaining Power of Suppliers
- 4.4.4 Threat of Substitute Products
- 4.4.5 Degree of Competition
5. MARKET SEGMENTATION
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5.1 Manufacturing Process
- 5.1.1 Solution Polymerization Process
- 5.1.2 Slurry/Suspension Process
- 5.1.3 Gas-phase Polymerization Process
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5.2 Geography
- 5.2.1 Asia-Pacific
- 5.2.1.1 China
- 5.2.1.2 India
- 5.2.1.3 Japan
- 5.2.1.4 South Korea
- 5.2.1.5 Rest of Asia-Pacific
- 5.2.2 North America
- 5.2.2.1 United States
- 5.2.2.2 Canada
- 5.2.2.3 Mexico
- 5.2.3 Europe
- 5.2.3.1 Germany
- 5.2.3.2 United Kingdom
- 5.2.3.3 France
- 5.2.3.4 Italy
- 5.2.3.5 Rest of Europe
- 5.2.4 South America
- 5.2.4.1 Brazil
- 5.2.4.2 Argentina
- 5.2.4.3 Rest of South America
- 5.2.5 Middle-East and Africa
- 5.2.5.1 Saudi Arabia
- 5.2.5.2 South Africa
- 5.2.5.3 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
- 6.2 Market Share/Ranking Analysis**
- 6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
- 6.4.1 ERIKS NV (SHV Holdings)
- 6.4.2 Freudenberg Sealing Technologies
- 6.4.3 James Walker
- 6.4.4 Kemipex
- 6.4.5 Kismet Rubber Products
- 6.4.6 Maithri Rubber Industries
- 6.4.7 Parker Hannifin Corp.
- 6.4.8 Arlanxeo (Saudi Aramco)
- 6.4.9 Trelleborg Group
- 6.4.10 VIP Rubber
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
- 7.1 Increasing Healthcare Infrastructure Investments
Medical Application EPDM Industry Segmentation
The Ethylene Propylene Diene Monomer (EPDM) Market for Medical Application report includes:
| Manufacturing Process | Solution Polymerization Process | |
| Slurry/Suspension Process | ||
| Gas-phase Polymerization Process | ||
| Geography | Asia-Pacific | China |
| India | ||
| Japan | ||
| South Korea | ||
| Rest of Asia-Pacific | ||
| Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Geography | Europe | Germany |
| United Kingdom | ||
| France | ||
| Italy | ||
| Rest of Europe | ||
| Geography | South America | Brazil |
| Argentina | ||
| Rest of South America | ||
| Geography | Middle-East and Africa | Saudi Arabia |
| South Africa | ||
| Rest of Middle-East and Africa |
Medical Application EPDM Market Research FAQs
What is the current Medical Application Ethylene Propylene Diene Monomer (EPDM) Market size?
The Medical Application Ethylene Propylene Diene Monomer (EPDM) Market is projected to register a CAGR of 4% during the forecast period (2024-2029)
Who are the key players in Medical Application Ethylene Propylene Diene Monomer (EPDM) Market?
Trelleborg Group, Freudenberg Sealing Technologies, Parker Hannifin Corp., James Walker and Arlanxeo are the major companies operating in the Medical Application Ethylene Propylene Diene Monomer (EPDM) Market.
Which is the fastest growing region in Medical Application Ethylene Propylene Diene Monomer (EPDM) Market?
North America is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Medical Application Ethylene Propylene Diene Monomer (EPDM) Market?
In 2024, the North America accounts for the largest market share in Medical Application Ethylene Propylene Diene Monomer (EPDM) Market.
What years does this Medical Application Ethylene Propylene Diene Monomer (EPDM) Market cover?
The report covers the Medical Application Ethylene Propylene Diene Monomer (EPDM) Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Medical Application Ethylene Propylene Diene Monomer (EPDM) Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Ethylene Propylene Diene Monomer (EPDM) for Medical Application Industry Report
Statistics for the 2024 Ethylene Propylene Diene Monomer (EPDM) for Medical Application market share, size and revenue growth rate, created by Mordor Intelligenceā¢ Industry Reports. Ethylene Propylene Diene Monomer (EPDM) for Medical Application analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
Ethylene Propylene Diene Monomer (EPDM) Market for Medical Application Report Snapshots
- Ethylene Propylene Diene Monomer (EPDM) Market for Medical Application Market Size
- Ethylene Propylene Diene Monomer (EPDM) Market for Medical Application Market Share
- Ethylene Propylene Diene Monomer (EPDM) Market for Medical Application Market Trends
- Ethylene Propylene Diene Monomer (EPDM) Market for Medical Application Companies
