Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Thermoplastic Vulcanizates Market by Type (EPDM/PP Blends, NR/PP Blends, Others), By Application (Automobile Industry, Industrial, Electronic Appliances, Building & Construction, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Thermoplastic Vulcanizates Market by Type (EPDM/PP Blends, NR/PP Blends, Others), By Application (Automobile Industry, Industrial, Electronic Appliances, Building & Construction, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 133985 3300 Chemical & Material 377 230 Pages 4.8 (48)

Market Overview:

The global thermoplastic vulcanizates (TPV) market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The growth in the TPV market can be attributed to the increasing demand for lightweight and fuel-efficient vehicles, growing demand for electronic appliances, and rising construction activities across the globe. The EPDM/PP blends segment is projected to grow at the highest CAGR during the forecast period, owing to its properties such as high thermal stability, good resistance against chemicals and oils, low smoke emission, and good electrical insulation. The NR/PP blends segment is also projected to grow at a high rate during the forecast period due to its properties such as excellent weathering resistance and ozone resistance. Asia Pacific is expected to be the fastest-growing region in terms of both value and volume during the forecast period.

Global Thermoplastic Vulcanizates Industry Outlook

Product Definition:

Thermoplastic Vulcanizates are a family of engineering thermoplastics that contain vulcanized rubber dispersed in a matrix of thermoplastic resin. They offer the properties of both plastics and rubber, and are used in products where abrasion resistance, toughness, and elasticity are important.

EPDM/PP Blends:

EPDM (Ethylene Propylene Diene Monomer) Blends are a new type of elastomer, which is being used extensively in the thermoplastic vulcanizates (TPV) industry. EPDM has properties such as high tear resistance, excellent flexibility at low temperatures and good thermal stability.

NR/PP Blends:

The product is a combination of NR and PP blended together. It has high demand in the plastic industry due to its properties such as impact resistance, toughness, flow ability, surface hardness and excellent dimensional stability. The product is used for manufacturing various products including films & sheets (such as PVC), fibers (cotton), injection molding compound and hot melt adhesives.

Application Insights:

Automobile industry was the largest application segment in 2015 and is expected to continue its dominance over the forecast period. The increasing demand for lightweight thermoplastic vulcanizates (TPV) based tires on account of improved performance/acceleration, safety, and better handling is anticipated to drive the product demand in this application segment.

The industrial application segment accounted for a significant market share in terms of revenue as well as volume in 2015. TPV¢â‚¬â„¢s are widely used across various industries including oil & gas, chemical, power generation and transportation among others owing to their properties such as high durability with low maintenance cost which makes them highly suitable for industrial applications.

Electronic appliances are expected to be one of the fastest growing segments during forecast years on account of rising use TPVs across refrigerators & freezers among others owing to properties such as excellent heat resistance along with low maintenance cost which makes them highly suitable for electronic appliances applications.

Regional Analysis:

North America is expected to be the largest regional market over the forecast period owing to high product demand from various end-use industries, such as automotive and building & construction. The U.S., in particular, is one of the major producers of automobiles and thus has a high demand for thermoplastic vulcanizates in this country.

The Asia Pacific region accounted for a revenue share of 22% in 2017 on account of rapid industrialization along with increasing foreign investments coupled with rising consumer disposable income levels that can be attributed to its growth. Emerging economies such as China and India are also estimated to witness significant growth over the coming years due largely their expanding manufacturing sector which requires large volumes of raw materials including rubber tires, thereby driving industry expansion at an exponential rate during recent years resulting into higher industry volume estimates provided by research firms like Giesecke Research Group Incorporated (GRG) & AISBLOCKS™ Analysis Platform (AP).

Growth Factors:

  • Increasing demand from automotive and transportation industries for lightweight and fuel-efficient vehicles
  • Growing demand for thermoplastic vulcanizates in medical applications owing to their properties such as biocompatibility, non-toxicity, and elasticity
  • Rising popularity of thermoplastic vulcanizates in construction industry due to their superior mechanical properties compared to traditional materials such as concrete and metal
  • Increasing use of thermoplastic vulcanizates in electrical & electronics applications on account of its excellent insulation properties
  • Growing awareness about the benefits of using thermoplastic vulcanizates among consumers

Scope Of The Report

Report Attributes

Report Details

Report Title

Thermoplastic Vulcanizates Market Research Report

By Type

EPDM/PP Blends, NR/PP Blends, Others

By Application

Automobile Industry, Industrial, Electronic Appliances, Building & Construction, Others

By Companies

ExxonMobil Chemical, Teknor Apex, Mitsui Chemicals, RTP Company, Mitsubishi Chemical, Zeon, ...

Regions Covered

North America, Europe, APAC, Latin America, MEA

Base Year


Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year


Number of Pages


Number of Tables & Figures


Customization Available

Yes, the report can be customized as per your need.

Global Thermoplastic Vulcanizates Market Report Segments:

The global Thermoplastic Vulcanizates market is segmented on the basis of:


EPDM/PP Blends, NR/PP Blends, Others

The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.


Automobile Industry, Industrial, Electronic Appliances, Building & Construction, Others

The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.

Some of the companies that are profiled in this report are:

  1. ExxonMobil Chemical
  2. Teknor Apex
  3. Mitsui Chemicals
  4. RTP Company
  5. Mitsubishi Chemical
  6. Zeon
  7. ...

Global Thermoplastic Vulcanizates Market Overview

Highlights of The Thermoplastic Vulcanizates Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. EPDM/PP Blends
    2. NR/PP Blends
    3. Others
  1. By Application:

    1. Automobile Industry
    2. Industrial
    3. Electronic Appliances
    4. Building & Construction
    5. Others
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Thermoplastic Vulcanizates Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.

Regional Analysis

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.

The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.

How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Global Thermoplastic Vulcanizates Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?

Thermoplastic vulcanizates are a type of plastic that is made from vulcanized rubber. They are often used to make products that need to be resistant to heat and weather, such as outdoor furniture and toys.

Some of the major companies in the thermoplastic vulcanizates market are ExxonMobil Chemical, Teknor Apex, Mitsui Chemicals, RTP Company, Mitsubishi Chemical, Zeon.

The thermoplastic vulcanizates market is expected to grow at a compound annual growth rate of 6.5%.

1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. Thermoplastic Vulcanizates Market Overview
   4.1. Introduction
      4.1.1. Market Taxonomy
      4.1.2. Market Definition
   4.2. Macro-Economic Factors
      4.2.1. Industry Outlook
   4.3. Thermoplastic Vulcanizates Market Dynamics
      4.3.1. Market Drivers
      4.3.2. Market Restraints
      4.3.3. Opportunity
      4.3.4. Market Trends
   4.4. Thermoplastic Vulcanizates Market - Supply Chain
   4.5. Global Thermoplastic Vulcanizates Market Forecast
      4.5.1. Thermoplastic Vulcanizates Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. Thermoplastic Vulcanizates Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. Thermoplastic Vulcanizates Market Absolute $ Opportunity

5. Global Thermoplastic Vulcanizates Market Analysis and Forecast by Type
   5.1. Market Trends
   5.2. Introduction
      5.2.1. Basis Point Share (BPS) Analysis by Type
      5.2.2. Y-o-Y Growth Projections by Type
   5.3. Thermoplastic Vulcanizates Market Size and Volume Forecast by Type
      5.3.1. EPDM/PP Blends
      5.3.2. NR/PP Blends
      5.3.3. Others
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Thermoplastic Vulcanizates Market Analysis and Forecast by Application
   6.1. Market Trends
   6.2. Introduction
      6.2.1. Basis Point Share (BPS) Analysis by Application
      6.2.2. Y-o-Y Growth Projections by Application
   6.3. Thermoplastic Vulcanizates Market Size and Volume Forecast by Application
      6.3.1. Automobile Industry
      6.3.2. Industrial
      6.3.3. Electronic Appliances
      6.3.4. Building & Construction
      6.3.5. Others
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global Thermoplastic Vulcanizates Market Analysis and Forecast by Sales Channel
   7.1. Market Trends
   7.2. Introduction
      7.2.1. Basis Point Share (BPS) Analysis by Sales Channel 
      7.2.2. Y-o-Y Growth Projections by Sales Channel
   7.3. Thermoplastic Vulcanizates Market Size and Volume Forecast by Sales Channel 
      7.3.1. Manufacturer/Distributor/Service Provider
      7.3.2. Aftermarket
   7.4. Absolute $ Opportunity Assessment by Sales Channel
   7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel

8. Global Thermoplastic Vulcanizates Market Analysis and Forecast by Region
   8.1. Market Trends
   8.2. Introduction
      8.2.1. Basis Point Share (BPS) Analysis by Region
      8.2.2. Y-o-Y Growth Projections by Region
   8.3. Thermoplastic Vulcanizates Market Size and Volume Forecast by Region
      8.3.1. North America
      8.3.2. Latin America
      8.3.3. Europe
      8.3.4. Asia Pacific
      8.3.5. Middle East and Africa (MEA)
   8.4. Absolute $ Opportunity Assessment by Region
   8.5. Market Attractiveness/Growth Potential Analysis by Region
   8.6. Global Thermoplastic Vulcanizates Demand Share Forecast, 2019-2029

9. North America Thermoplastic Vulcanizates Market Analysis and Forecast
   9.1. Introduction
      9.1.1. Basis Point Share (BPS) Analysis by Country
      9.1.2. Y-o-Y Growth Projections by Country
   9.2. North America Thermoplastic Vulcanizates Market Size and Volume Forecast by Country
      9.2.1. U.S.
      9.2.2. Canada
   9.3. Absolute $ Opportunity Assessment by Country
   9.4. North America Thermoplastic Vulcanizates Market Size and Volume Forecast by Application
      9.4.1. Automobile Industry
      9.4.2. Industrial
      9.4.3. Electronic Appliances
      9.4.4. Building & Construction
      9.4.5. Others
   9.5. Basis Point Share (BPS) Analysis by Application
   9.6. Y-o-Y Growth Projections by Application
   9.7. North America Thermoplastic Vulcanizates Market Size and Volume Forecast by Type
      9.7.1. EPDM/PP Blends
      9.7.2. NR/PP Blends
      9.7.3. Others
   9.8. Basis Point Share (BPS) Analysis by Type
   9.9. Y-o-Y Growth Projections by Type
   9.10. Market Attractiveness/Growth Potential Analysis
      9.10.1. By Country
      9.10.2. By Product Type
      9.10.3. By Application
      9.10.4. By Sales Channel
   9.11. North America Thermoplastic Vulcanizates Demand Share Forecast, 2019-2029

10. Latin America Thermoplastic Vulcanizates Market Analysis and Forecast
   10.1. Introduction
      10.1.1. Basis Point Share (BPS) Analysis by Country
      10.1.2. Y-o-Y Growth Projections by Country
      10.1.3. Latin America Average Pricing Analysis
   10.2. Latin America Thermoplastic Vulcanizates Market Size and Volume Forecast by Country
      10.2.1. Brazil
      10.2.2. Mexico
      10.2.3. Rest of Latin America
   10.3. Absolute $ Opportunity Assessment by Country
   10.4. Latin America Thermoplastic Vulcanizates Market Size and Volume Forecast by Application
      10.4.1. Automobile Industry
      10.4.2. Industrial
      10.4.3. Electronic Appliances
      10.4.4. Building & Construction
      10.4.5. Others
   10.5. Basis Point Share (BPS) Analysis by Application
   10.6. Y-o-Y Growth Projections by Application
   10.7. Latin America Thermoplastic Vulcanizates Market Size and Volume Forecast by Type
      10.7.1. EPDM/PP Blends
      10.7.2. NR/PP Blends
      10.7.3. Others
   10.8. Basis Point Share (BPS) Analysis by Type
   10.9. Y-o-Y Growth Projections by Type
   10.10. Market Attractiveness/Growth Potential Analysis
      10.10.1. By Country
      10.10.2. By Product Type
      10.10.3. By Application
      10.10.4. By Sales Channel
   10.11. Latin America Thermoplastic Vulcanizates Demand Share Forecast, 2019-2029

11. Europe Thermoplastic Vulcanizates Market Analysis and Forecast
   11.1. Introduction
      11.1.1. Basis Point Share (BPS) Analysis by Country
      11.1.2. Y-o-Y Growth Projections by Country
      11.1.3. Europe Average Pricing Analysis
   11.2. Europe Thermoplastic Vulcanizates Market Size and Volume Forecast by Country
      11.2.1. Germany
      11.2.2. France
      11.2.3. Italy
      11.2.4. U.K.
      11.2.5. Spain
      11.2.6. Russia
      11.2.7. Rest of Europe
   11.3. Absolute $ Opportunity Assessment by Country
   11.4. Europe Thermoplastic Vulcanizates Market Size and Volume Forecast by Application
      11.4.1. Automobile Industry
      11.4.2. Industrial
      11.4.3. Electronic Appliances
      11.4.4. Building & Construction
      11.4.5. Others
   11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe Thermoplastic Vulcanizates Market Size and Volume Forecast by Type
      11.7.1. EPDM/PP Blends
      1.7.2. NR/PP Blends
      11.7.3. Others
   11.8. Basis Point Share (BPS) Analysis by Type
   11.9. Y-o-Y Growth Projections by Type
   11.10. Market Attractiveness/Growth Potential Analysis
      11.10.1. By Country
      11.10.2. By Product Type
      11.10.3. By Application
      11.10.4. By Sales Channel
   11.11. Europe Thermoplastic Vulcanizates Demand Share, 2019-2029

12. Asia Pacific Thermoplastic Vulcanizates Market Analysis and Forecast
   12.1. Introduction
      12.1.1. Basis Point Share (BPS) Analysis by Country
      12.1.2. Y-o-Y Growth Projections by Country
      12.1.3. Asia Pacific Average Pricing Analysis
   12.2. Asia Pacific Thermoplastic Vulcanizates Market Size and Volume Forecast by Country
      12.2.1. China
      12.2.2. Japan
      12.2.3. South Korea
      12.2.4. India
      12.2.5. Australia
      12.2.6. Rest of Asia Pacific (APAC)
   12.3. Absolute $ Opportunity Assessment by Country
   12.4. Asia Pacific Thermoplastic Vulcanizates Market Size and Volume Forecast by Application
      12.4.1. Automobile Industry
      12.4.2. Industrial
      12.4.3. Electronic Appliances
      12.4.4. Building & Construction
      12.4.5. Others
   12.5. Basis Point Share (BPS) Analysis by Application
   12.6. Y-o-Y Growth Projections by Application
   12.7. Asia Pacific Thermoplastic Vulcanizates Market Size and Volume Forecast by Type
      12.7.1. EPDM/PP Blends
      12.7.2. NR/PP Blends
      12.7.3. Others
   12.8. Basis Point Share (BPS) Analysis by Type
   12.9. Y-o-Y Growth Projections by Type
   12.10. Market Attractiveness/Growth Potential Analysis
      12.10.1. By Country
      12.10.2. By Product Type
      12.10.3. By Application
      12.10.4. By Sales Channel
   12.11. Asia Pacific Thermoplastic Vulcanizates Demand Share, 2019-2029

13. Middle East & Africa Thermoplastic Vulcanizates Market Analysis and Forecast
   13.1. Introduction
      13.1.1. Basis Point Share (BPS) Analysis by Country
      13.1.2. Y-o-Y Growth Projections by Country
      13.1.3. Asia Pacific Average Pricing Analysis
   13.2. Middle East & Africa Thermoplastic Vulcanizates Market Size and Volume Forecast by Country
      13.2.1. Saudi Arabia
      13.2.2. South Africa
      13.2.3. UAE
      13.2.4. Rest of Middle East & Africa (MEA)
   13.3. Absolute $ Opportunity Assessment by Country
   13.4. Middle East & Africa Thermoplastic Vulcanizates Market Size and Volume Forecast by Application
      13.4.1. Automobile Industry
      13.4.2. Industrial
      13.4.3. Electronic Appliances
      13.4.4. Building & Construction
      13.4.5. Others
   13.5. Basis Point Share (BPS) Analysis by Application
   13.6. Y-o-Y Growth Projections by Application
   13.7. Middle East & Africa Thermoplastic Vulcanizates Market Size and Volume Forecast by Type
      13.7.1. EPDM/PP Blends
      13.7.2. NR/PP Blends
      13.7.3. Others
   13.8. Basis Point Share (BPS) Analysis by Type
   13.9. Y-o-Y Growth Projections by Type
   13.10. Market Attractiveness/Growth Potential Analysis
      13.10.1. By Country
      13.10.2. By Product Type
      13.10.3. By Application
      13.10.4. By Sales Channel
   13.11. Middle East & Africa Thermoplastic Vulcanizates Demand Share, 2019-2029

14. Competition Landscape
   14.1. Global Thermoplastic Vulcanizates Market: Market Share Analysis
   14.2. Thermoplastic Vulcanizates Distributors and Customers
   14.3. Thermoplastic Vulcanizates Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. ExxonMobil Chemical Overview Financials Developments Strategic Outlook
      14.4.2. Teknor Apex Overview Financials Developments Strategic Outlook
      14.4.3. Mitsui Chemicals Overview Financials Developments Strategic Outlook
      14.4.4. RTP Company Overview Financials Developments Strategic Outlook
      14.4.5. Mitsubishi Chemical Overview Financials Developments Strategic Outlook
      14.4.6. Zeon Overview Financials Developments Strategic Outlook
      14.4.7. ... Overview Financials Developments Strategic Outlook
      14.4.8. COMPANY8 Overview Financials Developments Strategic Outlook
      14.4.9. COMPANY9 Overview Financials Developments Strategic Outlook
      14.4.10. COMPANY 10 Overview Financials Developments Strategic Outlook
      14.4.11. COMPANY 11 Overview Financials Developments Strategic Outlook
      14.4.12. COMPANY 12 Overview Financials Developments Strategic Outlook
      14.4.13. COMPANY 13 Overview Financials Developments Strategic Outlook
      14.4.14. COMPANY 14 Overview Financials Developments Strategic Outlook
      14.4.15. COMPANY 15 Overview Financials Developments Strategic Outlook
      14.4.16. COMPANY 16 Overview Financials Developments Strategic Outlook
      14.4.17. COMPANY 17 Overview Financials Developments Strategic Outlook
      14.4.18. COMPANY 18 Overview Financials Developments Strategic Outlook
      14.4.19. COMPANY 19 Overview Financials Developments Strategic Outlook
      14.4.20. COMPANY 20 Overview Financials Developments Strategic Outlook

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