Core Viewpoint - The global ethylene-propylene rubber (EPR) industry is experiencing rapid growth due to advancements in production technology and increasing market demand, with a total production capacity of approximately 2 million tons per year by the end of 2024 [1][2]. Group 1: Industry Overview - The global EPR production capacity is projected to reach around 2 million tons per year by the end of 2024, with China's capacity stable at 395,000 tons [1]. - In 2024, China's EPR production is expected to be 309,400 tons, reflecting a year-on-year growth of 7.5%, while apparent consumption is projected at 443,300 tons, up 10.5% [1][12]. - The domestic EPR market is shifting focus from capacity expansion to optimizing production processes to enhance product quality and operational efficiency [1][12]. Group 2: Import and Export Trends - China's EPR import volume is expected to reach 168,400 tons by 2024, marking a year-on-year increase of 9.1%, while export volume is projected at 34,500 tons, up 3.6% [1][12]. Group 3: Market Size and Pricing - The market size of China's EPR industry is anticipated to be 10.912 billion yuan in 2024, with an average price of approximately 24,614 yuan per ton [2][14]. Group 4: Production Technology - The main production methods for EPR include solution polymerization, suspension polymerization, and gas-phase polymerization, with solution polymerization accounting for about 80% of global production capacity [6][7]. Group 5: Industry Chain Analysis - The upstream of the EPR industry includes key raw materials such as ethylene, propylene, catalysts, and solvents, while the downstream applications span automotive, construction, and electrical industries [8][10]. Group 6: Competitive Landscape - The domestic EPR market is characterized by five major producers, maintaining a stable total capacity of 395,000 tons per year, with significant price control capabilities [17][18].