Thermoplastic Vulcanizate (TPV) Market By End-User Industry (Automotive, Building and Construction, Consumer Goods, Healthcare, and Other End-User Industries), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030

Thermoplastic Vulcanizate (TPV) Market worth 6.20 % CAGR in 2019

Thermoplastic vulcanizates (TPVs) are high-performance elastomers, which offer manufacturing flexibility, ease of processing and durability. By offering superior and consistent performance across automotive, industrial and demanding consumer applications, TPV offers the potential for reduced system costs, reduced weight, and recyclability compared to materials such as EPDM (ethylene propylene diene monomer) or other thermoset rubbers.

Strong demand for lightweight materials

TPV is used as a lightweight alternative to thermoset rubber materials in semi-dynamic and static parts, while in under hood and under-car applications it is well-suited for air ducts, tubing, molded seals, grommets, suspension bellows, cable jacketing, plugs, bumpers and many other parts..

 TPV found steadily increasing acceptance in the medical industry

TPV are usually a blend of dispersed rubber particles in a thermoplastic matrix, thus rendering combined elastomer and thermoplastic properties to the material. Thus, with its resilience and high tensile and tear strength, natural rubber is unsurpassed for gloves and for septa applications requiring repeated needle penetration. It is selected for its clarity, its ability to withstand autoclaving.

Advancing Performance and Flexibility

From residential homes to commercial buildings and from highways to railways, TPVs can be found in static and dynamic seals, boots, membranes, expansion joints, and any other building and construction products that require excellent long-term performance and shape retention.

Thermoplastic vulcanizate (TPV) market is segmented based on end-user industry, and region.

On the basis of end-user industry, the thermoplastic vulcanizate (TPV) market is segmented into automotive, building and construction, consumer goods, healthcare, and other end-user industries.

Regional Insights:

On region the thermoplastic vulcanizate (TPV) market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominated the global TPV market since the past years owing to strong demand from the automobile industry as well as from other end-use industries such as healthcare and consumer goods. However, Asia Pacific is expected to overtake North America to become the leading regional TPV market. Rapid industrialization in emerging economies of India, China, and Indonesia is expected to drive the regional TPV market. In 2012, China was the largest automobile manufacturer in the world, and India is expected to be one of the top five automobile manufacturers in the near future.

Thermoplastic Vulcanizate (TPV) Market Report Scope:

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the thermoplastic vulcanizate (TPV) market report based on end-user industry, region:

Thermoplastic Vulcanizate (TPV) Market, By End-User Industry:

• Automotive
• Building and Construction
• Consumer Goods
• Healthcare
• Other End-User Industries

Thermoplastic Vulcanizate (TPV) Market, By Region:

• North America
  • Middle East & Africa
    • • GCC
      • Israel
      • South Africa
      • Rest of Middle East & Africa
  • Latin America
    • • Brazil
      • Mexico
      • Rest of Latin America
  • Asia Pacific
    • • China
      • India
      • Japan
      • South Korea
      • Rest of Asia Pacific
  • Europe
    • • Germany
      • UK
      • France
      • Russia
      • Italy
      • Rest of Europe
  • • U.S.
    • Canada

• Exxon Mobil corporation
• Mitsubishi Chemicals Inc
• Teknor Apex
• Ravago
• KUMHO POLYCHEM
• The Dow Chemical Company
• Arkema Inc.
• DuPont Performance Elastomers
• Solvay Engineered Polymers
• Dexco Polymers

Prominent players operating in the target market are focusing on the strategic partnerships as well as launching of the products in order to gain competitive edge in the target market. For instance, in November 2019, Mitsubishi Chemical to Acquire Thermoplastic Polyurethane Elastomer Business of U.S. based AdvanSource Biomaterials.

• Exxon Mobil corporation
• Mitsubishi Chemicals Inc
• Teknor Apex
• Ravago
• KUMHO POLYCHEM
• The Dow Chemical Company
• Arkema Inc.
• DuPont Performance Elastomers
• Solvay Engineered Polymers
• Dexco Polymers