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SK Innovation s Ulsan refining complex in Korea
SK Innovation Co., South Korea s leading electric vehicle battery maker, is on course to raise more than 5 trillion won ($4.5 billion) this year from asset sales, which will likely accelerate its transformation into an eco-friendly company.
Following the $2 billion settlement under which it is paying 500 billion won each this year and next on top of royalty payment to LG, SK Innovation cashed in 2.45 trillion won worth of shares in two units SK IE Technology Co. and SK Lubricants Co. Additionally, it expects to receive 1.25 trillion won from the sale of its stakes in two gas fields in Peru to Argentina s oil company Pluspetrol this year.
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ResearchAndMarkets.com s offering.
The global EPDM market was valued at USD 856 million in 2021 and is projected to reach USD 1,214 million by 2026, registering a CAGR of 7.2% between 2021 and 2026.
EPDM rubber finds its application in automotive, building & construction, wire & cables, lubricant additive, and plastic modification.
The EPDM is market is expected to be driven by growth recovery in automotive sector during the forecast period. In automotive, EPDM rubber is utilized in weather stripping seals, hoses, gaskets O-ring, grommets, and other under-the-hood applications. Moreover, the growth of electric & hybrid vehicle will enhance the revenue opportunity for EPDM manufacturers. Eco-friendly production and bio-based EPDM are opportunities in EPDM market.
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ResearchAndMarkets.com s offering.
The global EPDM market was valued at USD 856 million in 2021 and is projected to reach USD 1,214 million by 2026, registering a CAGR of 7.2% between 2021 and 2026.
EPDM rubber finds its application in automotive, building & construction, wire & cables, lubricant additive, and plastic modification.
The EPDM is market is expected to be driven by growth recovery in automotive sector during the forecast period. In automotive, EPDM rubber is utilized in weather stripping seals, hoses, gaskets O-ring, grommets, and other under-the-hood applications. Moreover, the growth of electric & hybrid vehicle will enhance the revenue opportunity for EPDM manufacturers. Eco-friendly production and bio-based EPDM are opportunities in EPDM market.