Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Ethylidene Norbornene Market size was USD 1.1 billion in 2024 and is estimated to reach USD 2.2 billion by the end of 2037, expanding at a CAGR of 5.6% during the forecast period, i.e., 2025-2037. In 2025, the industry size of ethylidene norbornene is evaluated at USD 1.16 billion.
The ethylidene norbornene market is experiencing significant growth due to the surging demand for synthetic rubbers in automotive seals, roofing membranes, and industrial applications. ENB is widely used as a key monomer for the production of ethylene-propylene-diene monomer (EPDM) rubber, a popularly used synthetic rubber. EPDM rubber is highly valued for its durability, flexibility, and resistance to heat, weather, and chemicals, making it indispensable in various industries. Ethylidene norbornene (ENB) is an organic chemical that is bicyclic. It plays a crucial role in sectors including renewable energy, construction, and the automotive industry by improving the elastomers' flexibility, durability, and resistance to heat and chemicals.
Also, countries involved in synthetic rubber production often rely on ENB imports to meet production demands. This globalization of trade creates new markets for ENB manufacturers and boosts the market’s growth.
|
Country |
Synthetic Rubber Export Value (USD billion) |
Country |
Synthetic Rubber Import Value (USD billion) |
|
South Korea |
3.3 |
China |
8.77 |
|
Thailand |
3.04 |
U.S. |
1.96 |
|
U.S. |
2.98 |
India |
1.33 |
|
Japan |
2.56 |
Germany |
1.33 |
|
Vietnam |
2.15 |
Thailand |
1.3 |
Source: OEC
According to the Observatory of Economic Complexity, with USD 31.1 billion in global trade, synthetic rubber was the 152nd most traded product in the world in 2022. Synthetic rubber shipments increased by 3.58% between 2021 and 2022, from USD 30 billion to USD 31.1 billion. Synthetic rubber trade accounts for 0.13% of global trade. According to the Product Complexity Index (PCI), synthetic rubber is ranked 349th.
Ethylidene Norbornene Sector: Growth Drivers and Challenges
Growth Drivers
- Increased use in renewable energy sources: Demand for materials such as ethylidene norbornene, which are renowned for their remarkable durability and weather resistance, is being fueled by the growth of renewable energy projects, particularly wind turbines, and solar panels. Since ENB can tolerate high temperatures, UV rays, and moisture, it is essential in wind turbine blades and solar panel encapsulation. As a result, renewable energy systems last longer and perform better, guaranteeing operational dependability under harsh conditions. ENB's significance in safeguarding and improving the effectiveness of renewable energy infrastructure continues to grow as worldwide initiatives prioritize sustainability, which propels its use as a preferred material in these vital applications.
For instance, the most significant companies in the world have joined forces under the worldwide effort RE100 to run their operations entirely on renewable electricity. Our goal, spearheaded by Climate Group, is to scale up the transition to zero carbon grids. RE100 was created in collaboration with CDP. Also, according to IEA’s main-case prediction, the use of renewable energy in the transportation, heating, and electricity sectors will rise by almost 60% between 2024 and 2030. With this increase, the proportion of renewable energy in total energy consumption will rise from 13% in 2023 to about 20% by 2030. - Recent advances in the development of eco-friendly ENB-based products: The development of environmentally safe and sustainable ethylidene norbornene (ENB)-based products presents a significant opportunity within the ENB market. Current consumer preferences and regulatory frameworks are increasingly influenced by environmental considerations, driving demand for materials that deliver superior performance while minimizing negative ecological impacts. Manufacturers that successfully develop bio-based ENB alternatives or incorporate recycled materials into their offerings will gain a substantial competitive advantage.
For instance, in January 2024, Dow introduced NORDEL REN Ethylene Propylene Diene Terpolymers (EPDM), a bio-based variant of the company's EPDM rubber material used in consumer, automotive, and infrastructure applications. With the introduction of NORDEL REN EPDM, a crucial component of automotive weather seals and hoses, Dow will assist not only the automotive sector in reaching its sustainability objectives, but also the decarbonization of building and construction as EPDM is used in building profiles, roofing membranes, wire, and cable, among other applications.
Challenges
- Fluctuating raw material prices: Ethylidene norbornene is made from petrochemical feedstocks, mainly ethylene and dicyclopentadiene (DCPD), which are influenced by changes in the price of crude oil. These price swings highly affect production costs, reducing manufacturers' profit margins and causing end consumers' prices to fluctuate. This unpredictability might discourage long-term investments in manufacturing capacity and make it difficult for businesses to maintain consistent pricing strategies. Therefore, this factor will hinder the ethylidene norbornene market.
- Stringent regulations: Due to its flammability and possible negative health effects upon exposure, ENB is categorized as a hazardous material. Consequently, there are stringent laws controlling its manufacture, use in a variety of industries, handling, and transportation. It can be expensive and time-consuming to comply with these rules, especially for smaller firms or those who operate in several jurisdictions. Changes in regulatory standards may also call for large expenditures for product redevelopments or process adjustments, which will further hinder market expansion.
Ethylidene Norbornene Market: Key Insights
|
Base Year |
2024 |
|
Forecast Year |
2025-2037 |
|
CAGR |
5.6% |
|
Base Year Market Size (2024) |
USD 1.1 billion |
|
Forecast Year Market Size (2037) |
USD 2.2 billion |
|
Regional Scope |
|
Ethylidene Norbornene Segmentation
Application (EPDM Rubber, Polymer & Chemical Intermediates)
The EPDM rubber segment in ethylidene norbornene market will gain a substantial share during the assessed period. Ethylene propylene diene monomer, or EPDM, rubber is a very adaptable elastomer that is widely used in the consumer goods, automotive, construction, and electrical industries. It is appropriate for various applications, including electrical insulation, roofing membranes, and automobile seals, due to its exceptional qualities, which include heat resistance, durability, and UV stability. Global infrastructural development, renewable energy projects, and the ongoing need from the automobile industry are escalating the growth of this segment. According to the International Energy Agency (IEA), by the end of this decade, the amount of power generated by renewable sources is expected to reach over 17,000 terawatt-hours (TWh), an increase of about 90% from 2023. In 2030, this would be sufficient to supply China's and the US's combined power needs. moreover, the attractiveness of EPDM is further increased by ongoing developments in polymer chemistry and environmentally friendly production techniques, which are anticipated to promote segmental growth.
End use (Automotive, Construction, Consumer Goods, Flavor & Fragrance)
The automotive segment is set to capture over 40.5% ethylidene norbornene market share by 2037. The automotive segment is expanding owing to rising vehicle production and the need for strong, long-lasting materials. Furthermore, the shift to electric vehicles will increase demand for EPDM rubber even more, fueling the ENB market's expansion. According to the IEA, sales of electric vehicles approached 14 million in 2023. From about 4% in 2020 to 18% in 2023, electric automobiles now account for a larger portion of overall sales.
Our in-depth analysis of the global ethylidene norbornene market includes the following segments:
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Application |
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End use |
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Customize this ReportEthylidene Norbornene Industry - Regional Synopsis
APAC Market Statistics
Asia Pacific ethylidene norbornene market is anticipated to capture revenue share of over 31% by 2037. The market is expanding in the region due to its robust industrialization and the growing automobile and construction industries. ENB is in high demand in the automobile industry for the production of high-performance elastomers for gaskets, hoses, and seals. The strong automobile production and exporting operations in the region support this need. Furthermore, the need for ENB in applications like roofing membranes and waterproofing solutions is driven by the quick growth of infrastructure and the rise in construction activities.
Furthermore, in China, there’s an increased demand for ethylene propylene diene monomer (EPDM) rubber, in automotive applications. also, rapid urbanization and infrastructure development programs are driving market growth in the nation. China has allocated over USD 30 billion for infrastructure development in Tibet between 2021 and 2025 under the current 14th Five-Year Plan. Tibet will have more than 1,20,000 km of highways and more than 1300 km of expressways by 2025. Moreover, the increasing demand for materials with excellent electrical insulation properties will expand the ENB market in the country.
The ethylidene norbornene market in India is experiencing significant growth due to rapid industrialization and an increase in foreign direct investments (FDI), which are enhancing the manufacturing sector, particularly in the production of synthetic rubber. According to the PIB, since 2014, India has garnered a cumulative FDI influx of USD 667.4 billion (2014-24), showing an increase of 119% over the preceding decade (2004-14). This investment inflow encompasses 31 States and 57 sectors, driving growth across varied businesses. The majority of sectors are available to 100% FDI under the automatic method, except for a few strategically significant sectors. Over the last ten years (2014–24), foreign direct investment (FDI) equity inflows into the manufacturing sector were USD 165.1 billion, a 69% increase over the previous ten years (2004–14), when inflows totaled USD 97.7 billion.
North America Market Analysis
North America ethylidene norbornene market is expected to grow at a significant rate during the projected period. Stricter regulations and improved technology capabilities are the main reasons for the market's growth. ENB is used widely in the production of high-performance elastomers for automobile seals, gaskets, and hoses by the region's thriving automotive industry. Further supporting the need for ENB are advancements in lightweight materials and electric vehicle (EV) technology. Furthermore, North America is a leader in sustainable practices, emphasizing minimizing environmental impact through green manufacturing programs and environmentally friendly ENB derivatives. This proactive strategy guarantees North America's leadership in fostering innovation and satisfying changing needs in the ENB industry.
Several important variables contributed to the considerable increase in the price of EPDM Rubber (medium diene) in North America. Price increases were mostly caused by tight supply conditions for essential feedstocks like ethylene and propylene as well as growing manufacturing expenses. The growing trend was also aided by strong demand from important industries including electronics, construction, and automobiles.
Despite this, the price environment in the U.S. stayed generally favorable, exhibiting adaptation and resilience to changing market conditions. The price of EPDM Rubber medium diene ENB (4.1-5.5) FOB Texas hit USD 2785/MT by the end of 2024, indicating ongoing price increases and a cautiously positive prognosis for the market. Furthermore, the polymer industry’s growth in the country, driven by the manufacturing of plastics, resins, and other polymer-based products, has fueled the demand for ENB.
Companies Dominating the Ethylidene Norbornene Landscape
- INEOS Oxide
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- The Dow Chemical Company
- Ningbo Titan Unichem Co., Ltd.
- MOLBASE
- Oxford Polymers
- Devtaar GmbH
- Merck KGaA
- CHEMOS GmbH & Co. KG
- Exxon Mobil Corporation
Leading companies are concentrating on crucial business tactics, including joint ventures, product breakthroughs, mergers and acquisitions, and partnerships, to broaden their product lines and boost their market shares in various geographical areas. Companies are undertaking effective strategic initiatives, such as extending services, investing in research and development (R&D), establishing new service delivery centers, and refining their service delivery processes, which are anticipated to create new opportunities for ethylidene norbornene market growth.
Some of the leading companies are listed below:
In the News
- In April 2024, Four Fraunhofer Institutes, led by the Fraunhofer Institute for Applied Polymer Research IAP, explored alternative, bio-based raw material sources for synthetic rubber, allowing for completely new forms of rubber for automobile tires. Fraunhofer is funding the three-year project with 3.25 million euros.
- In December 2023, INEOS announced a deal with LyondellBasell to acquire its Ethylene Oxide and Derivatives business, including the Bayport Underwood plant in Texas. The USD 700 million sale includes the 420 kt Ethylene Oxide plant, the 375 kt Ethylene Glycols plant, and the 165 kt Glycol Ethers plant, as well as all connected third-party activity on the site.
Author Credits: Rajrani Baghel
- Report ID: 7095
- Published Date: Feb 05, 2025
- Report Format: PDF, PPT
