Thermoplastic Vulcanizate (TPV) Market to Grow at a CAGR of 6.1% to reach US$ 2,612.50 Million from 2020 to 2027

    Thermoplastic Vulcanizate (TPV) Market Forecast to 2027 - COVID-19 Impact and Global Analysis By End Use Industry (Automotive, Building & Construction, Consumer Goods, Healthcare and Others)

    Publication Month: Dec 2020 | Report Code: TIPRE00004689 | No. of Pages: 131 | Category: Chemicals and Materials | Status: Published

    The thermoplastic vulcanizate (TPV) market was valued at US$ 1,646.78 million in 2019 and is projected to reach US$ 2,612.50 million by 2027; it is expected to grow at a CAGR of 6.1% during the forecast period.

    Thermoplastic vulcanizates are used in a wide variety of products such as washers and dryers, dishwashers, small appliances, grips and seals & refrigerators, for rigid parts and seals. The demand for thermoplastic vulcanizates in the consumer goods sector is expected to increase owing to its benefits of lightweight, versatile, and soft materials in different application areas, including clothing, home appliances, personal care products, kitchenware, and power tools. Further, the growth of the consumer goods industry in BRIC nations is also expected to have a positive impact on the thermoplastic vulcanizates market. Thermoplastic vulcanizations (TPVs) provide excellent efficiency, reduced system costs, and potential sustainability. Owing to these benefits, TPVs are used in the consumer goods industry. For instance, ExxonMobil Chemical produces thermoplastic vulcanizates (TPVs) with high-performance elastomers that provide versatility in production, ease of processing, and durability. By providing superior and consistent performance across industrial and challenging consumer applications, TPV offers the potential for lower device costs, reduced weight, and recyclability compared to materials such as EPDM (ethylene propylene diene polymethylene backbone) or other thermoset rubbers.

    North America is expected to hold the largest share of the global thermoplastic vulcanizate (TPV) market during the forecast period. Several domestic and international companies have a strong foothold in the North American region. The growth of the thermoplastic vulcanizate (TPV) market in this region is primarily attributed to the growing demand for lightweight materials for the production of several auto components. Further, favorable government regulations pertaining to TPV consumption in automotive applications as an alternative to alloys and metals, along with increasing passenger car production in the US and Mexico, are expected to further fuel regional market growth over the forecast period. Further, technical developments and growing demand for electric vehicles have increased the need for lightweight, robust, and recyclable goods, which, in turn have propelled the market growth.

    The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are among the most-affected nations in terms of confirmed cases and reported deaths due to COVID-19, as of December 2020. According to the WHO data as of December, 2020, ~80,453,105 affirmed cases and 1,775,776 deaths have been reported in the world. The COVID-19 pandemic has affected economies due to lockdowns, travel bans, and business shutdowns. The global chemicals and materials industry is one of the major businesses enduring supply chain breaks and manufacturing disruptions due to these restrictions. China is the global hub of manufacturing and the largest raw material supplier for various industries. The lockdown of various plants and factories leading regions, such as Asia Pacific and Europe, is affecting the global supply chains and negatively impacting the manufacturing, delivery schedules, and product sales. These factors have adversely affected the global thermoplastic vulcanizate (TPV) market growth.

    Thermoplastic Vulcanizate (TPV) Market

    Thermoplastic Vulcanizate (TPV) Market

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    Market Insights

    Use of Bio- Based Thermoplastic Vulcanizate

    In order to minimize reliance on non-renewable resources, such as petroleum, and to achieve sustainable development of the polymer materials industry, a large number of people prefer bio-based polymer materials. Bio-based thermoplastic vulcanizates (TPV) are made of poly(lactide) (PLA) and ethylene-co-vinyl acetate rubber (EVA) that have been fabricated using dicumyl peroxide (DCP) as a curing agent; it is the first time that the application of PLA in elastic materials has been demonstrated. As bio-based TPVs contain low carbon emissions and are biodegradable in nature, synthesis of the same is encouraged in most countries. They are currently considered to be sustainable alternatives for traditional petroleum-based polymers since they are derived from renewable resources such as starch-based polymers, polylactides (PLAs), polyhydroxyalkanoates(PHAs), cellulose-based polymers, and soy-based polymers. As bio-based TPEs not only provide a clean solution but also offer bio-based TPE producers cost competitiveness against their synthetic counterparts, they are expected to create significant market growth opportunities.

    End Use Industry Insights

    Based on end use industry, the thermoplastic vulcanizate (TPV) material market is segmented into automotive, building and construction, consumer goods, healthcare, and others. In 2019, the automotive segment dominated the market. Automotive lightweight materials have witnessed strong growth over the last few years owing to the growing demand for luxury, low-emission, safe, and high-performance vehicles. As a result, suppliers and manufacturers have launched a number of solutions that not only help OEMs comply with strict regulations but also meet the expanding range of personal customer demands. TPVs are also a reasonable alternative to expensive elastomers. They offer excellent elastomeric durability, including relatively high tensile strength and elongation at break time, high elastic recovery as well as good dimensional stability in hot air, and excellent resistance to UV aging, ozone, and weathering. The key applications of TVP in the automotive industry include hose covers, air inlet duct covers, gaskets, seals, convoluted boots, vibration-dampers, strut covers, ignition parts, bushings, and window seals. Flexible TPV automotive under-the-hood components include air intake tubes and bellows, well flares of the wheel, bellows of the steering system, and sound abatement parts. Further, the cost of TPVs is considered 10–30% percent lower than EPDM, combined with a lower weight, enhanced versatility of design, and recyclability.

    Thermoplastic Vulcanizate (TPV) Market, by End Use Industry – 2019 and 2027

    Thermoplastic Vulcanizate (TPV) Market, by End Use Industry – 2019 and 2027

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    Strategic Insights

    Mitsui Chemicals Inc., Celanese Corporation, Mitsubishi Chemical Corporation, Kumho Polychem, Trinseo, Teknor Apex, ExxonMobil, Zeon Chemicals L.P., Alphagary and Ravago are among the key players present in the global thermoplastic vulcanizate (TPV) market. These companies are implementing new product development, and merger and acquisition strategies to enlarge their respective clientele and gain significant market share in the global market, which, in turn, allows them to maintain their brand name.

    Report Spotlights

    • Progressive industry trends in the global thermoplastic vulcanizate (TPV) market that help players develop effective long-term strategies
    • Business growth strategies adopted by developed and developing markets
    • Quantitative analysis of the global thermoplastic vulcanizate (TPV) market from 2017 to 2027
    • Estimation of global thermoplastic vulcanizate (TPV) demand across various industries
    • PEST analysis to illustrate the efficacy of buyers and suppliers operating in the industry
    • Recent developments to understand the competitive market scenario and global thermoplastic vulcanizate (TPV) demand
    • Market trends and outlook, and factors driving and restraining the growth of the global thermoplastic vulcanizate (TPV) market
    • Understanding the strategies that underpin commercial interest with regard to the market growth
    • Global thermoplastic vulcanizate (TPV) market size at various nodes of market
    • Detailed overview and segmentation of the market, as well as its industry dynamics
    • Global thermoplastic vulcanizate (TPV) market size in various regions with promising growth opportunities in the respective regions

    Thermoplastic Vulcanizate (TPV) Market, byEnd Use Industry

    • Automotive
    • Building & Construction
    • Consumer Goods
    • Healthcare
    • Others


    Company Profiles

    • Mitsui Chemicals Inc.
    • Celanese Corporation
    • Mitsubishi Chemical Corporation
    • Kumho Polychem
    • Trinseo
    • Teknor Apex
    • ExxonMobil
    • Zeon Chemicals L.P.
    • Alphagary
    • Ravago

    1. Introduction

    1.1 Study Scope

    1.2 The Insight Partners Research Report Guidance

    1.3 Market Segmentation

    1.3.1 Thermoplastic Vulcanizate (TPV) Market, by End Use Industry

    1.3.2 Thermoplastic Vulcanizate (TPV) Market, by Geography

    2. Key Takeaways

    3. Research Methodology

    3.1 Scope of the Study

    3.2 Research Methodology

    3.2.1 Data Collection:

    3.2.2 Primary Interviews:

    3.2.3 Hypothesis formulation:

    3.2.4 Macro-economic factor analysis:

    3.2.5 Developing base number:

    3.2.6 Data Triangulation:

    3.2.7 Country level data:

    4. Thermoplastic Vulcanizate (TPV) Market Landscape

    4.1 Market Overview

    4.2 PEST Analysis

    4.2.1 North America

    4.2.2 Europe

    4.2.3 APAC

    4.2.4 MEA

    4.2.5 SAM

    4.3 Expert Opinion

    5. Thermoplastic Vulcanizate (TPV) Market – Key Market Dynamics

    5.1 Market Drivers

    5.1.1 Extensive Demand from Automobile Industry

    5.1.2 Growing Demand of Thermoplastic Vulcanizate from Consumer Goods Industry

    5.2 Market Restraints

    5.2.1 Fluctuating Raw Material Prices

    5.3 Market Opportunities

    5.3.1 Use of Bio- Based Thermoplastic Vulcanizate

    5.4 Future Trends

    5.4.1 Rising Usage of Thermoplastic Vulcanizate in Healthcare Industry

    5.5 Impact Analysis Of Drivers And Restraints

    6. Thermoplastic Vulcanizate (TPV) – Global Market Analysis

    6.1 Thermoplastic Vulcanizate (TPV) Market Overview

    6.2 Thermoplastic Vulcanizate (TPV) Market –Revenue and Forecast to 2027 (US$ Million)

    6.3 Market Positioning – Global Market Players

    7. Thermoplastic Vulcanizate (TPV) Market Analysis – By End Use Industry

    7.1 Overview

    7.2 Thermoplastic Vulcanizate (TPV) Market, By End Use Industry (2019 and 2027)

    7.3 Automotive

    7.3.1 Overview

    7.3.1.1 Automotive : Thermoplastic Vulcanizate (TPV) Market – Revenue, and Forecast to 2027 (US$ Million)

    7.4 Building & Construction

    7.4.1 Overview

    7.4.1.1 Building & Construction: Thermoplastic Vulcanizate (TPV) Market – Revenue, and Forecast to 2027 (US$ Million)

    7.5 Consumer Goods

    7.5.1 Overview

    7.5.1.1 Consumer Goods: Thermoplastic Vulcanizate (TPV) Market – Revenue, and Forecast to 2027 (US$ Million)

    7.6 Healthcare

    7.6.1 Overview

    7.6.1.1 Healthcare: Thermoplastic Vulcanizate (TPV) Market – Revenue, and Forecast to 2027 (US$ Million)

    7.7 Others

    7.7.1 Overview

    7.7.1.1 Others: Thermoplastic Vulcanizate (TPV) Market – Revenue, and Forecast to 2027 (US$ Million)

    8. Thermoplastic Vulcanizate (TPV) Market – Geographic Analysis

    8.1 Overview

    8.2 North America: Thermoplastic Vulcanizate (TPV) Market

    8.2.1 North America: Thermoplastic Vulcanizate (TPV) Market – Revenue and Forecast to 2027 (US$ Million)

    8.2.2 North America: Thermoplastic Vulcanizate (TPV) Market, by End Use Industry

    8.2.3 North America: Thermoplastic Vulcanizate (TPV) Market, by Key Country

    8.2.3.1 US: Thermoplastic Vulcanizate (TPV) Market –Revenue and Forecast to 2027 (US$ Million)

    8.2.3.1.1 US: Thermoplastic Vulcanizate (TPV) Market, by End Use Industry

    8.2.3.2 Canada: Thermoplastic Vulcanizate (TPV) Market –Revenue and Forecast to 2027 (US$ Million)

    8.2.3.2.1 Canada: Thermoplastic Vulcanizate (TPV) Market, by End Use Industry

    8.2.3.3 Mexico: Thermoplastic Vulcanizate (TPV) Market –Revenue and Forecast to 2027 (US$ Million)

    8.2.3.3.1 Mexico: Thermoplastic Vulcanizate (TPV) Market, by End Use Industry

    8.3 Europe: Thermoplastic Vulcanizate (TPV) Market

    8.3.1 Europe: Thermoplastic Vulcanizate (TPV) Market – Revenue and Forecast to 2027 (US$ Million)

    8.3.2 Europe: Thermoplastic Vulcanizate (TPV) Market, by End Use Industry

    8.3.3 Europe: Thermoplastic Vulcanizate (TPV) Market, by Key Country

    8.3.3.1 Germany: Thermoplastic Vulcanizate (TPV) Market –Revenue and Forecast to 2027 (US$ Million)

    8.3.3.1.1 Germany: Thermoplastic Vulcanizate (TPV) Market, by End Use Industry

    8.3.3.2 France: Thermoplastic Vulcanizate (TPV) Market –Revenue and Forecast to 2027 (US$ Million)

    8.3.3.2.1 France: Thermoplastic Vulcanizate (TPV) Market, by End Use Industry

    8.3.3.3 Italy: Thermoplastic Vulcanizate (TPV) Market –Revenue and Forecast to 2027 (US$ Million)

    8.3.3.3.1 Italy: Thermoplastic Vulcanizate (TPV) Market, by End Use Industry

    8.3.3.4 UK: Thermoplastic Vulcanizate (TPV) Market –Revenue and Forecast to 2027 (US$ Million)

    8.3.3.4.1 UK: Thermoplastic Vulcanizate (TPV) Market, by End Use Industry

    8.3.3.5 Russia: Thermoplastic Vulcanizate (TPV) Market –Revenue and Forecast to 2027 (US$ Million)

    8.3.3.5.1 Russia: Thermoplastic Vulcanizate (TPV) Market, by End Use Industry

    8.3.3.6 Rest of Europe: Thermoplastic Vulcanizate (TPV) Market –Revenue and Forecast to 2027 (US$ Million)

    8.3.3.6.1 Rest of Europe: Thermoplastic Vulcanizate (TPV) Market, by End Use Industry

    8.4 APAC: Thermoplastic Vulcanizate (TPV) Market

    8.4.1 APAC: Thermoplastic Vulcanizate (TPV) Market – Revenue and Forecast to 2027 (US$ Million)

    8.4.2 APAC: Thermoplastic Vulcanizate (TPV) Market, by End Use Industry

    8.4.3 APAC: Thermoplastic Vulcanizate (TPV) Market, by Key Country

    8.4.3.1 Australia: Thermoplastic Vulcanizate (TPV) Market –Revenue and Forecast to 2027 (US$ Million)

    8.4.3.1.1 Australia: Thermoplastic Vulcanizate (TPV) Market, by End Use Industry

    8.4.3.2 China: Thermoplastic Vulcanizate (TPV) Market –Revenue and Forecast to 2027 (US$ Million)

    8.4.3.2.1 China: Thermoplastic Vulcanizate (TPV) Market, by End Use Industry

    8.4.3.3 India: Thermoplastic Vulcanizate (TPV) Market –Revenue and Forecast to 2027 (US$ Million)

    8.4.3.3.1 India: Thermoplastic Vulcanizate (TPV) Market, by End Use Industry

    8.4.3.4 Japan: Thermoplastic Vulcanizate (TPV) Market –Revenue and Forecast to 2027 (US$ Million)

    8.4.3.4.1 Japan: Thermoplastic Vulcanizate (TPV) Market, by End Use Industry

    8.4.3.5 South Korea: Thermoplastic Vulcanizate (TPV) Market –Revenue and Forecast to 2027 (US$ Million)

    8.4.3.5.1 South Korea: Thermoplastic Vulcanizate (TPV) Market, by End Use Industry

    8.4.3.6 Rest of APAC: Thermoplastic Vulcanizate (TPV) Market –Revenue and Forecast to 2027 (US$ Million)

    8.4.3.6.1 Rest of APAC: Thermoplastic Vulcanizate (TPV) Market, by End Use Industry

    8.5 MEA: Thermoplastic Vulcanizate (TPV) Market

    8.5.1 MEA: Thermoplastic Vulcanizate (TPV) Market – Revenue and Forecast to 2027 (US$ Million)

    8.5.2 MEA: Thermoplastic Vulcanizate (TPV) Market, by End Use Industry

    8.5.3 MEA: Thermoplastic Vulcanizate (TPV) Market, by Key Country

    8.5.3.1 South Africa: Thermoplastic Vulcanizate (TPV) Market –Revenue and Forecast to 2027 (US$ Million)

    8.5.3.1.1 South Africa: Thermoplastic Vulcanizate (TPV) Market, by End Use Industry

    8.5.3.2 Saudi Arabia: Thermoplastic Vulcanizate (TPV) Market –Revenue and Forecast to 2027 (US$ Million)

    8.5.3.2.1 Saudi Arabia: Thermoplastic Vulcanizate (TPV) Market, by End Use Industry

    8.5.3.3 UAE: Thermoplastic Vulcanizate (TPV) Market –Revenue and Forecast to 2027 (US$ Million)

    8.5.3.3.1 UAE: Thermoplastic Vulcanizate (TPV) Market, by End Use Industry

    8.5.3.4 Rest of MEA: Thermoplastic Vulcanizate (TPV) Market –Revenue and Forecast to 2027 (US$ Million)

    8.5.3.4.1 Rest of MEA: Thermoplastic Vulcanizate (TPV) Market, by End Use Industry

    8.6 SAM: Thermoplastic Vulcanizate (TPV) Market

    8.6.1 SAM: Thermoplastic Vulcanizate (TPV) Market – Revenue and Forecast to 2027 (US$ Million)

    8.6.2 SAM: Thermoplastic Vulcanizate (TPV) Market, by End Use Industry

    8.6.3 SAM: Thermoplastic Vulcanizate (TPV) Market, by Key Country

    8.6.3.1 Brazil: Thermoplastic Vulcanizate (TPV) Market –Revenue and Forecast to 2027 (US$ Million)

    8.6.3.1.1 Brazil: Thermoplastic Vulcanizate (TPV) Market, by End Use Industry

    8.6.3.2 Argentina: Thermoplastic Vulcanizate (TPV) Market –Revenue and Forecast to 2027 (US$ Million)

    8.6.3.2.1 Argentina: Thermoplastic Vulcanizate (TPV) Market, by End Use Industry

    8.6.3.3 Rest of SAM: Thermoplastic Vulcanizate (TPV) Market –Revenue and Forecast to 2027 (US$ Million)

    8.6.3.3.1 Rest of SAM: Thermoplastic Vulcanizate (TPV) Market, by End Use Industry

    9. Impact of COVID-19 Pandemic on Global Thermoplastic Vulcanizate (TPV) Market

    9.1 Overview

    9.2 North America: Impact Assessment of COVID-19 Pandemic

    9.3 Europe: Impact Assessment of COVID-19 Pandemic

    9.4 Asia-Pacific: Impact Assessment of COVID-19 Pandemic

    9.5 Middle East and Africa: Impact Assessment of COVID-19 Pandemic

    9.6 South America: Impact Assessment of COVID-19 Pandemic

    10. Industry Landscape

    10.1 Mergers and Acquisitions

    10.2 Strategy and Business Planning

    11. Company Profiles

    11.1 Mitsui Chemicals, Inc.

    11.1.1 Key Facts

    11.1.2 Business Description

    11.1.3 Products and Services

    11.1.4 Financial Overview

    11.1.5 SWOT Analysis

    11.1.6 Key Developments

    11.2 Celanese Corporation

    11.2.1 Key Facts

    11.2.2 Business Description

    11.2.3 Products and Services

    11.2.4 Financial Overview

    11.2.5 SWOT Analysis

    11.2.6 Key Developments

    11.3 Mitsubishi Chemical Corporation

    11.3.1 Key Facts

    11.3.2 Business Description

    11.3.3 Products and Services

    11.3.4 Financial Overview

    11.3.5 SWOT Analysis

    11.4 Kumho Polychem

    11.4.1 Key Facts

    11.4.2 Business Description

    11.4.3 Products and Services

    11.4.4 Financial Overview

    11.4.5 SWOT Analysis

    11.4.6 Key Developments

    11.5 Trinseo

    11.5.1 Key Facts

    11.5.2 Business Description

    11.5.3 Products and Services

    11.5.4 Financial Overview

    11.5.5 SWOT Analysis

    11.6 Teknor Apex

    11.6.1 Key Facts

    11.6.2 Business Description

    11.6.3 Products and Services

    11.6.4 Financial Overview

    11.6.5 SWOT Analysis

    11.7 ExxonMobil

    11.7.1 Key Facts

    11.7.2 Business Description

    11.7.3 Products and Services

    11.7.4 Financial Overview

    11.7.5 SWOT Analysis

    11.7.6 Key Developments

    11.8 Zeon Chemicals L.P.

    11.8.1 Key Facts

    11.8.2 Business Description

    11.8.3 Products And Services

    11.8.4 Financial Overview

    11.8.5 Swot Analysis

    11.9 Alphagary

    11.9.1 Key Facts

    11.9.2 Business Description

    11.9.3 Products And Services

    11.9.4 Financial Overview

    11.9.5 Swot Analysis

    11.10 Ravago Manufacturing

    11.10.1 Key Facts

    11.10.2 Business Description

    11.10.3 Products And Services

    11.10.4 Financial Overview

    11.10.5 Swot Analysis

    12. Appendix

    12.1 About The Insight Partners

    12.2 Glossary of Terms

    LIST OF TABLES

    Table 1. Thermoplastic Vulcanizate (TPV) Market –Revenue and Forecast to 2027 (US$ Million)

    Table 2. North America Thermoplastic Vulcanizate (TPV) Market, by End Use Industry – Revenue and Forecast to 2027 (US$ Million)

    Table 3. US Thermoplastic Vulcanizate (TPV) Market, by End Use Industry – Revenue and Forecast to 2027 (US$ Million)

    Table 4. Canada Thermoplastic Vulcanizate (TPV) Market, by End Use Industry – Revenue and Forecast to 2027 (US$ Million)

    Table 5. Mexico Thermoplastic Vulcanizate (TPV) Market, by End Use Industry – Revenue and Forecast to 2027 (US$ Million)

    Table 6. Europe Thermoplastic Vulcanizate (TPV) Market, by End Use Industry – Revenue and Forecast to 2027 (US$ Million)

    Table 7. Germany Thermoplastic Vulcanizate (TPV) Market, by End Use Industry – Revenue and Forecast to 2027 (US$ Million)

    Table 8. France Thermoplastic Vulcanizate (TPV) Market, by End Use Industry – Revenue and Forecast to 2027 (US$ Million)

    Table 9. Italy Thermoplastic Vulcanizate (TPV) Market, by End Use Industry – Revenue and Forecast to 2027 (US$ Million)

    Table 10. UK Thermoplastic Vulcanizate (TPV) Market, by End Use Industry – Revenue and Forecast to 2027 (US$ Million)

    Table 11. Russia Thermoplastic Vulcanizate (TPV) Market, by End Use Industry – Revenue and Forecast to 2027 (US$ Million)

    Table 12. Rest of Europe Thermoplastic Vulcanizate (TPV) Market, by End Use Industry – Revenue and Forecast to 2027 (US$ Million)

    Table 13. APAC Thermoplastic Vulcanizate (TPV) Market, by End Use Industry – Revenue and Forecast to 2027 (US$ Million)

    Table 14. MEA Thermoplastic Vulcanizate (TPV) Market, by End Use Industry – Revenue and Forecast to 2027 (US$ Million)

    Table 15. SAM Thermoplastic Vulcanizate (TPV) Market, by End Use Industry – Revenue and Forecast to 2027 (US$ Million)

    Table 16. Brazil Thermoplastic Vulcanizate (TPV) Market, by End Use Industry – Revenue and Forecast to 2027 (US$ Million)

    Table 17. Argentina Thermoplastic Vulcanizate (TPV) Market, by End Use Industry – Revenue and Forecast to 2027 (US$ Million)

    Table 18. Rest of SAM Thermoplastic Vulcanizate (TPV) Market, by End Use Industry – Revenue and Forecast to 2027 (US$ Million)

    Table 19. Glossary of Terms, Thermoplastic Vulcanizate (TPV) Market

    LIST OF FIGURES

    Figure 1. Thermoplastic Vulcanizate (TPV) Market Segmentation

    Figure 2. Thermoplastic Vulcanizate (TPV) Market Segmentation – By Geography

    Figure 3. Global Thermoplastic Vulcanizate (TPV) Market Overview

    Figure 4. Automotive Segment Held Largest Share of Global Thermoplastic Vulcanizate (TPV) Market

    Figure 5. North America Region Held Largest Share of Global Thermoplastic Vulcanizate (TPV) Market

    Figure 6. Global Thermoplastic Vulcanizate (TPV) Market, Industry Landscape

    Figure 7. North America: PEST Analysis

    Figure 8. Europe: PEST Analysis

    Figure 9. APAC: PEST Analysis

    Figure 10. MEA: PEST Analysis

    Figure 11. SAM: PEST Analysis

    Figure 12. Expert Opinion

    Figure 13. Thermoplastic Vulcanizate (TPV) Market Impact Analysis Of Driver And Restraints

    Figure 14. Geographic Overview of Thermoplastic Vulcanizate (TPV) Market

    Figure 15. Thermoplastic Vulcanizate (TPV) Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 16. Thermoplastic Vulcanizate (TPV) Market Revenue Share, by End Use Industry (2019 and 2027)

    Figure 17. Automotive: Thermoplastic Vulcanizate (TPV) Market – Revenue, and Forecast to 2027 (US$ Million)

    Figure 18. Building & Construction : Thermoplastic Vulcanizate (TPV) Market – Revenue, and Forecast to 2027 (US$ Million)

    Figure 19. Consumer Goods: Thermoplastic Vulcanizate (TPV) Market – Revenue, and Forecast to 2027 (US$ Million)

    Figure 20. Healthcare: Thermoplastic Vulcanizate (TPV) Market – Revenue, and Forecast to 2027 (US$ Million)

    Figure 21. Others: Thermoplastic Vulcanizate (TPV) Market – Revenue, and Forecast to 2027 (US$ Million)

    Figure 22. Global Thermoplastic Vulcanizate (TPV) Market Revenue Share, by Region (2019 and 2027)

    Figure 23. North America: Thermoplastic Vulcanizate (TPV) Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 24. North America: Thermoplastic Vulcanizate (TPV) Market Revenue Share, by End Use Industry (2019 and 2027)

    Figure 25. North America: Thermoplastic Vulcanizate (TPV) Market Revenue Share, by Key Country (2019 and 2027)

    Figure 26. US: Thermoplastic Vulcanizate (TPV) Market –Revenue and Forecast to 2027 (US$ Million)

    Figure 27. Canada: Thermoplastic Vulcanizate (TPV) Market –Revenue and Forecast to 2027 (US$ Million)

    Figure 28. Mexico: Thermoplastic Vulcanizate (TPV) Market –Revenue and Forecast to 2027 (US$ Million)

    Figure 29. Europe: Thermoplastic Vulcanizate (TPV) Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 30. Europe: Thermoplastic Vulcanizate (TPV) Market Revenue Share, by End Use Industry (2019 and 2027)

    Figure 31. Europe: Thermoplastic Vulcanizate (TPV) Market Revenue Share, by Key Country (2019 and 2027)

    Figure 32. Germany: Thermoplastic Vulcanizate (TPV) Market –Revenue and Forecast to 2027 (US$ Million)

    Figure 33. France: Thermoplastic Vulcanizate (TPV) Market –Revenue and Forecast to 2027 (US$ Million)

    Figure 34. Italy: Thermoplastic Vulcanizate (TPV) Market –Revenue and Forecast to 2027 (US$ Million)

    Figure 35. UK: Thermoplastic Vulcanizate (TPV) Market –Revenue and Forecast to 2027 (US$ Million)

    Figure 36. Russia: Thermoplastic Vulcanizate (TPV) Market –Revenue and Forecast to 2027 (US$ Million)

    Figure 37. Rest of Europe: Thermoplastic Vulcanizate (TPV) Market –Revenue and Forecast to 2027 (US$ Million)

    Figure 38. APAC: Thermoplastic Vulcanizate (TPV) Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 39. APAC: Thermoplastic Vulcanizate (TPV) Market Revenue Share, by End Use Industry (2019 and 2027)

    Figure 40. APAC: Thermoplastic Vulcanizate (TPV) Market Revenue Share, by Key Country (2019 and 2027)

    Figure 41. Australia: Thermoplastic Vulcanizate (TPV) Market –Revenue and Forecast to 2027 (US$ Million)

    Figure 42. China: Thermoplastic Vulcanizate (TPV) Market –Revenue and Forecast to 2027 (US$ Million)

    Figure 43. India: Thermoplastic Vulcanizate (TPV) Market –Revenue and Forecast to 2027 (US$ Million)

    Figure 44. Japan: Thermoplastic Vulcanizate (TPV) Market –Revenue and Forecast to 2027 (US$ Million)

    Figure 45. South Korea: Thermoplastic Vulcanizate (TPV) Market –Revenue and Forecast to 2027 (US$ Million)

    Figure 46. Rest of APAC: Thermoplastic Vulcanizate (TPV) Market –Revenue and Forecast to 2027 (US$ Million)

    Figure 47. MEA: Thermoplastic Vulcanizate (TPV) Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 48. MEA: Thermoplastic Vulcanizate (TPV) Market Revenue Share, by End Use Industry (2019 and 2027)

    Figure 49. MEA: Thermoplastic Vulcanizate (TPV) Market Revenue Share, by Key Country (2019 and 2027)

    Figure 50. South Africa: Thermoplastic Vulcanizate (TPV) Market –Revenue and Forecast to 2027 (US$ Million)

    Figure 51. Saudi Arabia: Thermoplastic Vulcanizate (TPV) Market –Revenue and Forecast to 2027 (US$ Million)

    Figure 52. UAE: Thermoplastic Vulcanizate (TPV) Market –Revenue and Forecast to 2027 (US$ Million)

    Figure 53. Rest of MEA: Thermoplastic Vulcanizate (TPV) Market –Revenue and Forecast to 2027 (US$ Million)

    Figure 54. SAM: Thermoplastic Vulcanizate (TPV) Market – Revenue and Forecast to 2027 (US$ Million)

    Figure 55. SAM: Thermoplastic Vulcanizate (TPV) Market Revenue Share, by End Use Industry (2019 and 2027)

    Figure 56. SAM: Thermoplastic Vulcanizate (TPV) Market Revenue Share, by Key Country (2019 and 2027)

    Figure 57. Brazil: Thermoplastic Vulcanizate (TPV) Market –Revenue and Forecast to 2027 (US$ Million)

    Figure 58. Argentina: Thermoplastic Vulcanizate (TPV) Market –Revenue and Forecast to 2027 (US$ Million)

    Figure 59. Rest of SAM: Thermoplastic Vulcanizate (TPV) Market –Revenue and Forecast to 2027 (US$ Million)

    Figure 60. Impact of COVID-19 Pandemic in North American Country Markets

    Figure 61. Impact of COVID-19 Pandemic in Europe Country Markets

    Figure 62. Impact of COVID-19 Pandemic in Asia Pacific Country Markets

    Figure 63. Impact of COVID-19 Pandemic in Middle East and Africa Country Markets

    Figure 64. Impact of COVID-19 Pandemic in South America Country Markets

    The List of Companies - Thermoplastic Vulcanizate Market

    1. Mitsui Chemicals, Inc.
    2. Celanese Corporation
    3. Mitsubishi Chemical Corporation
    4. Kumho Polychem
    5. Trinseo
    6. Teknor Apex
    7. ExxonMobil
    8. Zeon Chemicals L.P.
    9. Alphagary
    10. Ravago Manufacturing
    • Highlights key business priorities in order to assist companies to realign their business strategies.
    • The key findings and recommendations highlight crucial progressive industry trends in the global thermoplastic vulcanizate (TPV) market, thereby allowing players to develop effective long-term strategies.
    • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
    • Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it.
    • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
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    Frequently Asked Questions

    The major players operating in the global thermoplastic vulcanizate (TPV) market are Mitsui Chemicals, Inc., Celanese Corporation, Mitsubishi Chemical Corporation, Kumho Polychem, Trinseo, Teknor Apex, ExxonMobil, Zeon Chemicals L.P., Alphagary and Ravago among many others.
    In 2019, the thermoplastic vulcanizate (TPV) market was predominant in North America at the global level. Surge in demand of thermoplastic vulcanizate (TPV) in various end use industries such as automotive, building & construction, consumer goods, healthcare, and others has had a noteworthy influence on the thermoplastic vulcanizate (TPV) market in North America. The market for thermoplastic vulcanizate (TPV) in North America is witnessing growth owing to the presence of well-established players such as Mitsubishi Chemical Corporation, Teknor Apex, Zeon Chemicals L.P., and others in this region. With the rise in demand for the lightweight and high-performance materials in the automotive industry in the region is expected to continue to grow over the projected period. The popularity of the thermoplastic vulcanizate (TPV) has increased within the region, particularly in US, Canada, and Mexico. Its use in chemical and materials industry has had a noteworthy influence on the thermoplastic vulcanizate (TPV) market in North America. Favorable government regulations pertaining to TPV consumption in automotive applications as an alternative to alloys and metals, along with increasing passenger car production in the U.S. and Mexico, are expected to further fuel regional market growth over the forecast period. Further, technical advances and growing demand for electric vehicles have increased the need for lightweight, robust and recyclable goods. The steady rise in electric vehicles on the roads is expected to fuel the growth of the market in North America. The market for thermoplastic vulcanizate (TPV) is picking up pace in this region, owing to the development of new manufacturing industries together with the government support to increase the industrial production in chemical and materials sector.
    The growth of the automotive segment is primarily attributed to the fact that the growing demand for luxurious, low-emission, safe, and high-performance vehicles. The key applications of TVP in the automotive industry include hose covers, air inlet duct covers, gaskets, seals, convoluted boots, vibration-dampers, strut covers, ignition parts, bushings, and window seals. Flexible TPV automotive under-the-hood components include air intake tubes and bellows, well flares of the wheel, bellows of the steering system, and sound abatement parts. All these factors are responsible for the berries segment to grow at the highest rate.

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