Worldwide Thermoplastic Vulcanizate (TPV) Industry to 2027 - Extensive Demand from Automobile Industry is Driving Growth

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Feb 04, 2021, 09:45 ET

DUBLIN, Feb. 4, 2021 /PRNewswire/ -- The "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)" report has been added to ResearchAndMarkets.com's offering.

According to this report the 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. The report highlights key factors driving the market growth and prominent players, along with their developments, in the market.

Thermoplastic vulcanizate (TPV) is a mixture of rubber particles distributed in a thermoplastic matrix. Therefore, TPV has mixed properties, including the characteristics of the vulcanized rubber elastomer as well as the handling properties of the thermoplastic material. Typical TPV contains approximately two-thirds of ethylene propylene diene monomer and one-third of impact polypropylene. This mixture of raw materials can also differ, such as polypropylene with natural rubber, polypropylene and ethylene-octene copolymers, and others. These materials have a wide range of hardness, excellent flex fatigue, high impact resistance, and superior resistance to acids, bases, and aqueous media. Due to its manufacturing versatility and ease of processing, TPV is used in applications requiring durability and lightweight characteristics, such as in vehicles, construction, and others.

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

The global thermoplastic vulcanizate market is concentrated with a few well-established players such as Mitsui Chemicals, Inc.; Celanese Corporation; Mitsubishi Chemical Corporation; Kumho Polychem, Trinseo; Teknor Apex; ExxonMobil; Zeon Chemicals L.P.; and Alphagary and Ravago Manufacturing.

Impact of COVID-19 Pandemic on Thermoplastic Vulcanizate Market

The COVID-19 pandemic began in Wuhan (China) in December 2019. As of December 2020, the US, Brazil, India, Russia, South Africa, Mexico, and the UK are among the worst-affected countries in terms confirmed cases and reported deaths. The COVID-19 outbreak has affected economies and industries in various countries due to imposed lockdowns and travel bans, and business shutdowns. The overall market breakdown due to COVID-19 is also affecting the growth of the thermoplastic vulcanizate market due to shutting down of factories, obstacles in supply chain, and downturn in world economy.

Reasons to Buy:

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.

Key Topics Covered:

1. Introduction
1.1 Study Scope
1.2 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
8.3 Europe: Thermoplastic Vulcanizate (TPV) Market
8.4 APAC: Thermoplastic Vulcanizate (TPV) Market
8.5 MEA: Thermoplastic Vulcanizate (TPV) Market
8.6 SAM: Thermoplastic Vulcanizate (TPV) Market

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 Publisher
12.2 Glossary of Terms

For more information about this report visit https://www.researchandmarkets.com/r/dya2xi

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