GLOBAL ELECTRIC VEHICLE EPDM MARKET

INTRODUCTION

A vehicle that uses one or more electric motors for propulsion is known as an electric vehicle (EV). It can be powered by a battery, a collector system, or energy from extravehicular sources (sometimes charged by solar panels, or by converting fuel to electricity using fuel cells or a generator).

Road and rail cars, surface and underwater watercraft, electric airplanes, and electric spacecraft are just a few examples of EVs.

For road cars, EVs represent a future mobility vision known as Linked, Autonomous, Shared, and Electric (CASE) Mobility, along with other upcoming automotive technologies including autonomous driving, connected vehicles, and shared mobility.

Electric vehicles (EVs) were first developed in the late 19th century when electricity was one of the favored means of propulsion for motor vehicles.

At the time, gasoline-powered cars were unable to match the degree of comfort and ease of operation that electricity offered.

For over 100 years, internal combustion engines predominated as the primary form of propulsion for cars and trucks, but electric power remained prevalent in other vehicle types, such as trains and smaller vehicles of all kinds.

For outdoor and high-temperature applications, EPDM has outstanding characteristics. EPDM possesses good resistance to alkalis, acids, and oxygenated solvents, as well as great resistance to heat, ozone, and sunshine. Excellent temperature adaptability and high water and steam resistance.

In comparison to unsaturated rubbers like polychloroprene, SBR, or natural rubber, EPDM offers far superior resistance to heat, light, and ozone (Neoprene).

With the right formulation, EPDM can withstand temperatures of up to 150 °C and endure years or even decades of outdoor use without degrading.

Depending on the grade and formulation, EPDM provides good low-temperature capabilities, including elastic qualities down to -40°C.

GLOBAL ELECTRIC VEHICLE EPDM MARKET SIZE AND FORECAST

The Global Electric Vehicle EPDM Market accounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2023 to 2030.

COVID-19 IMPACT 

The COVID-19 pandemic caused the EPDM market to experience a volume decline of 12.9%. Notwithstanding the pandemic, the supply chain disruption and reduction in end-use sectors had an influence on the EPDM market.

Because of the pandemic, less crude oil was being explored and produced, resulting in a decrease in the raw materials needed for EPDM (ethylene and propylene).

Production in end-use industries like the automobile decreased by 26%. Production of EPDM was also hampered by a drop in end-user demand.

The economy's slowdown, new emission regulations, a lack of semiconductor chips, and a shift toward renting cars rather than buying them were some of the factors contributing to the fall.

The pandemic caused a further fall in car demand. The automotive market in Asia is substantial. More than half of the world's autos are produced in this region.

The main production hubs for automobiles are in South Asia, including China, India, and Japan.

COMPANY PROFILE

• Kumho Polychem
• Petrochina Company
• Rabigh Refining and Petrochemical
• Sabic
• Dow
• Denka Elastlution

THIS REPORT WILL ANSWER THE FOLLOWING QUESTIONS

1. How many Electric Vehicle EPDM is manufactured per annum globally? Who are the sub-component suppliers in different regions?
2. Cost breakup of a Global Electric Vehicle EPDM and key vendor selection criteria
3. Where is the Electric Vehicle EPDM manufactured? What is the average margin per unit?
4. Market share of Global Electric Vehicle EPDM market manufacturers and their upcoming products
5. The cost advantage for OEMs who manufacture Global Electric Vehicle EPDM in-house
6. key predictions for the next 5 years in the Global Electric Vehicle EPDM market
7. Average B-2-B Electric Vehicle EPDM market price in all segments
8. Latest trends in the Electric Vehicle EPDM market, by every market segment
9. What is the market size (both volume and value) of the Electric Vehicle EPDM market in 2023-2030 and every year in between?
10. Production breakup of the Electric Vehicle EPDM market, by suppliers and their OEM relationship