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.
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
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
230
Number of Tables & Figures
161
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:
Types
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.
Applications
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:
- ExxonMobil Chemical
- Teknor Apex
- Mitsui Chemicals
- RTP Company
- Mitsubishi Chemical
- Zeon
- ...
Highlights of The Thermoplastic Vulcanizates Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- EPDM/PP Blends
- NR/PP Blends
- Others
- By Application:
- Automobile Industry
- Industrial
- Electronic Appliances
- Building & Construction
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- 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
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- 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
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Teknor Apex
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Mitsui Chemicals
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. RTP Company
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Mitsubishi Chemical
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Zeon
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. ...
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
