研判2025！中国乙丙橡胶（EPM）行业产量、价格及毛利润分析：行业技术升级助力产量增长，新能源汽车需求推动市场发展[图]

Core Viewpoint - The Chinese ethylene-propylene rubber (EPM) industry is experiencing significant growth driven by technological advancements and increasing demand, particularly in the automotive sector, with production and consumption showing substantial year-on-year increases in early 2025 [1][11]. Industry Overview - Ethylene-propylene rubber (EPM) is a synthetic rubber produced from the polymerization of ethylene and propylene monomers, characterized by its excellent aging resistance, ozone resistance, heat resistance, and chemical corrosion resistance [2][4]. Industry Development History - The development of the Chinese EPM industry has gone through four stages: 1. Initial stage (1960-1977) with early research and small-scale production [4]. 2. Rapid development stage (1978-2014) marked by the introduction of foreign technology and significant production capacity increases [4][5]. 3. Industrial upgrade stage (2015-2020) where domestic companies improved production efficiency and reduced import dependency [5][6]. 4. High-end transformation stage (2020-present) focusing on technological breakthroughs and product quality enhancement [6]. Industry Chain - The upstream of the EPM industry chain includes raw materials (ethylene, propylene, catalysts, solvents) and production equipment [9]. The midstream involves the manufacturing of EPM, while the downstream applications span automotive parts, rubber products, polymer modification, and electrical cables [9]. Current Industry Status - In the first five months of 2025, China's EPM production reached 128,800 tons, a year-on-year increase of 9.09%, while consumption was 201,800 tons, up 19.82% [1][11]. The automotive sector, particularly with the rise of electric vehicles, is a key driver of demand [1][11]. Key Enterprises - The EPM industry is highly concentrated, with major players including: - Arlanxeo (Changzhou) with a capacity of 160,000 tons/year, leading in high-performance EPDM [19][20]. - Jilin Petrochemical with a capacity of 85,000 tons/year, focusing on domestic technology and cost optimization [19][20]. - Shanghai Sinopec Mitsui with a capacity of 75,000 tons/year, leveraging Sino-Japanese technology [19][20]. - SK Global Chemical and Yan'an Energy Chemical with capacities of 50,000 tons/year and 25,000 tons/year, respectively [19][20]. Industry Development Trends 1. Technological-Driven High-End Transformation: The industry is shifting from scale expansion to technological breakthroughs, with innovations in catalyst systems and production processes [26]. 2. Structural Upgrade in Market Demand: There is a significant transition in demand from traditional to emerging applications, particularly in the automotive and electrical sectors [27]. 3. Green and Sustainable Development: The industry faces challenges related to rising costs and stricter environmental regulations, prompting investments in technology upgrades and recycling initiatives [28].