Thermoplastic Vulcanizates Market is expected to grow at a CAGR of 4.2% during the forecast period. Global Thermoplastic Vulcanizates Market is expected to reach US$ 2.24 Bn by 2029. The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.To know about the Research Methodology:-Request Free Sample Report The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding Thermoplastic Vulcanizates market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, report also focuses on competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address questions of shareholders to prioritizing the efforts and investment in near future to emerging segment in market The growing demand for thermoplastic vulcanizate as a replacement for PVC in the healthcare segment is the major factors expected to fuel the growth of the global Thermoplastic vulcanizates market in near future. Thermoplastic vulcanizates possesses some unique characteristics such as drug absorption, environment-friendliness, optical clarity, and toughness have resulted in significant rise in the demand for thermoplastic vulcanizate for manufacturing catheters, blood bags, and disposable gloves. Further, the growing focus on R&D activities is predicted to stimulate the growth of the market in the near future. In addition, the rising popularity of olefin-based copolymer thermoplastic vulcanizate in various industries is expected to fuel the growth of the thermoplastic vulcanizate market in the forecast period. Thermoplastic vulcanizates (TPV) are fully cross-linked EPDM / PP compounds. These products are soft and rubbery with exceptionally good compression set, tensile strength, and heat resistance. TPVs can be used in applications requiring long term sealing performance at elevated temperatures. The automotive industry is expected to dominate the thermoplastic vulcanizate market during forecast period. Thermoplastic vulcanizate has been extensively used in numerous automotive applications, such as automotive airbags, tires, under-the-hood components, sealing components, and interior & exterior components. Growing demand for lightweight materials in the automotive industry, in order to provide increased efficiency and design flexibility, has increased the consumption of thermoplastic vulcanizate. Geographically, the Asia Pacific region is projected to dominate the thermoplastic vulcanizate market during the forecast period, this growth is attributed to increasing demand from the automotive industry. Asia-Pacific is the largest manufacturing for automobiles and its components. Factors, such as growing automotive production and sales in the region, coupled with increasing number of automotive OEM manufacturers, are expected to drive the thermoplastic vulcanizate market in Asia-Pacific. In addition, growing population, rising urbanization, and changing lifestyles of the consumers in emerging economies, such as China, India, and South Korea, among others, are expected to drive the demand for thermoplastic vulcanizate in the region during forecast period.
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Global Thermoplastic Vulcanizates Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2018 to 2022 Market Size in 2022: US $ 1.67 Bn. Forecast Period 2023 to 2029 CAGR: 4.2% Market Size in 2029: US $ 2.24 Bn. Segments Covered: by Application Automotive Fluid Handling Consumer Goods Medical Sports Others Thermoplastic Vulcanizates Market, by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)Key Players
1. Kraton Polymers 2. Arkema Inc 3. Dexco Polymers LP 4. Chemtura Corporation 5. DuPont Performance Elastomers 6. The Dow Chemical Company 7. Solvay Engineered Polymers Frequently Asked Questions: 1. Which region has the largest share in Global Thermoplastic Vulcanizates Market? Ans: Asia Pacific region held the highest share in 2022. 2. What is the growth rate of Global Thermoplastic Vulcanizates Market? Ans: The Global Thermoplastic Vulcanizates Market is growing at a CAGR of 4.2% during forecasting period 2023-2029. 3. What is scope of the Global Thermoplastic Vulcanizates market report? Ans: Global market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Thermoplastic Vulcanizates market? Ans: The important key players in the Global Thermoplastic Vulcanizates Market are – Kraton Polymers, Arkema Inc, Dexco Polymers LP, Chemtura Corporation, DuPont Performance Elastomers, The Dow Chemical Company, and Solvay Engineered Polymers 5. What is the study period of this market? Ans: The Global market is studied from 2022 to 2029.
Global Thermoplastic Vulcanizates Market
1. Preface 1.1. Report Scope and Market Segmentation 1.2. Research Highlights 1.3. Research Objectives 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Thermoplastic Vulcanizates Market Size, by Market Value (US$ Mn) and Market Volume (Units) 4. Market Overview 4.1. Introduction 4.2. Market Indicator 4.2.1. Drivers 4.2.2. Restraints 4.2.3. Opportunities 4.2.4. Challenges 4.3. Porter’s Analysis 4.4. Value Chain Analysis 4.5. Market Risk Analysis 4.6. SWOT Analysis 4.7. Global Thermoplastic Vulcanizates Market Industry Trends 4.8.Global Thermoplastic Vulcanizates Market Competitive Landscape 5. Supply Side and Demand Side Indicators 6. Global Thermoplastic Vulcanizates Market Analysis and Forecast 6.1. Global Thermoplastic Vulcanizates Market Size & Y-o-Y Growth Analysis 6.1.1. North America 6.1.2. Europe 6.1.3. Asia Pacific 6.1.4. Middle East & Africa 6.1.5. South America 7. Global Thermoplastic Vulcanizates Market Analysis and Forecast, by Application 7.1. Introduction and Definition 7.2. Key Findings 7.3. Global Thermoplastic Vulcanizates Market Value Share Analysis, by Application 7.4. Global Thermoplastic Vulcanizates Market Size (US$ Mn) Forecast, by Application 7.5. Global Thermoplastic Vulcanizates Market Analysis, by Application 7.6. Global Thermoplastic Vulcanizates Market Attractiveness Analysis, by Application 8. Global Thermoplastic Vulcanizates Market Analysis, by Region 8.1. Global Thermoplastic Vulcanizates Market Value Share Analysis, by Region 8.2. Global Thermoplastic Vulcanizates Market Size (US$ Mn) Forecast, by Region 8.3. Global Thermoplastic Vulcanizates Market Attractiveness Analysis, by Region 9. North America Thermoplastic Vulcanizates Market Analysis 9.1. Key Findings 9.2. North America Thermoplastic Vulcanizates Market Overview 9.3. North America Thermoplastic Vulcanizates Market Value Share Analysis, by Application 9.4. North America Thermoplastic Vulcanizates Market Forecast, by Application 9.4.1. Automotive 9.4.2. Fluid Handling 9.4.3. Consumer Goods 9.4.4. Medical 9.4.5. Sports 9.4.6. Others 9.5. North America Thermoplastic Vulcanizates Market Value Share Analysis, by Country 9.6. North America Thermoplastic Vulcanizates Market Forecast, by Country 9.6.1. U.S. 9.6.2. Canada 9.7. North America Thermoplastic Vulcanizates Market Analysis, by Country 9.8. U.S. Thermoplastic Vulcanizates Market Forecast, by Application 9.8.1. Automotive 9.8.2. Fluid Handling 9.8.3. Consumer Goods 9.8.4. Medical 9.8.5. Sports 9.8.6. Others 9.9. Canada Thermoplastic Vulcanizates Market Forecast, by Application 9.9.1. Automotive 9.9.2. Fluid Handling 9.9.3. Consumer Goods 9.9.4. Medical 9.9.5. Sports 9.9.6. Others 9.10. North America Thermoplastic Vulcanizates Market Attractiveness Analysis 9.10.1. By Application 9.11. PEST Analysis 9.12. Key Trends 9.13. Key Developments 10. Europe Thermoplastic Vulcanizates Market Analysis 10.1. Key Findings 10.2. Europe Thermoplastic Vulcanizates Market Overview 10.3. Europe Thermoplastic Vulcanizates Market Value Share Analysis, by Application 10.4. Europe Thermoplastic Vulcanizates Market Forecast, by Application 10.4.1. Automotive 10.4.2. Fluid Handling 10.4.3. Consumer Goods 10.4.4. Medical 10.4.5. Sports 10.4.6. Others 10.5. Europe Thermoplastic Vulcanizates Market Value Share Analysis, by Country 10.6. Europe Thermoplastic Vulcanizates Market Forecast, by Country 10.6.1. Germany 10.6.2. U.K. 10.6.3. France 10.6.4. Italy 10.6.5. Spain 10.6.6. Rest of Europe 10.7. Europe Thermoplastic Vulcanizates Market Analysis, by Country 10.8. Germany Thermoplastic Vulcanizates Market Forecast, by Application 10.8.1. Automotive 10.8.2. Fluid Handling 10.8.3. Consumer Goods 10.8.4. Medical 10.8.5. Sports 10.8.6. Others 10.9. U.K. Thermoplastic Vulcanizates Market Forecast, by Application 10.9.1. Automotive 10.9.2. Fluid Handling 10.9.3. Consumer Goods 10.9.4. Medical 10.9.5. Sports 10.9.6. Others 10.10. France Thermoplastic Vulcanizates Market Forecast, by Application 10.10.1. Automotive 10.10.2. Fluid Handling 10.10.3. Consumer Goods 10.10.4. Medical 10.10.5. Sports 10.10.6. Others 10.11. Italy Thermoplastic Vulcanizates Market Forecast, by Application 10.11.1. Automotive 10.11.2. Fluid Handling 10.11.3. Consumer Goods 10.11.4. Medical 10.11.5. Sports 10.11.6. Others 10.12. Spain Thermoplastic Vulcanizates Market Forecast, by Application 10.12.1. Automotive 10.12.2. Fluid Handling 10.12.3. Consumer Goods 10.12.4. Medical 10.12.5. Sports 10.12.6. Others 10.13. Rest of Europe Thermoplastic Vulcanizates Market Forecast, by Application 10.13.1. Automotive 10.13.2. Fluid Handling 10.13.3. Consumer Goods 10.13.4. Medical 10.13.5. Sports 10.13.6. Others 10.14. Europe Thermoplastic Vulcanizates Market Attractiveness Analysis 10.14.1. By Application 10.15. PEST Analysis 10.16. Key Trends 10.17. Key Developments 11. Asia Pacific Thermoplastic Vulcanizates Market Analysis 11.1. Key Findings 11.2. Asia Pacific Thermoplastic Vulcanizates Market Overview 11.3. Asia Pacific Thermoplastic Vulcanizates Market Value Share Analysis, by Application 11.4. Asia Pacific Thermoplastic Vulcanizates Market Forecast, by Application 11.4.1. Automotive 11.4.2. Fluid Handling 11.4.3. Consumer Goods 11.4.4. Medical 11.4.5. Sports 11.4.6. Others 11.5. Asia Pacific Thermoplastic Vulcanizates Market Value Share Analysis, by Country 11.6. Asia Pacific Thermoplastic Vulcanizates Market Forecast, by Country 11.6.1. China 11.6.2. India 11.6.3. Japan 11.6.4. ASEAN 11.6.5. Rest of Asia Pacific 11.7. Asia Pacific Thermoplastic Vulcanizates Market Analysis, by Country 11.8. China Thermoplastic Vulcanizates Market Forecast, by Application 11.8.1. Automotive 11.8.2. Fluid Handling 11.8.3. Consumer Goods 11.8.4. Medical 11.8.5. Sports 11.8.6. Others 11.9. India Thermoplastic Vulcanizates Market Forecast, by Application 11.9.1. Automotive 11.9.2. Fluid Handling 11.9.3. Consumer Goods 11.9.4. Medical 11.9.5. Sports 11.9.6. Others 11.10. Japan Thermoplastic Vulcanizates Market Forecast, by Application 11.10.1. Automotive 11.10.2. Fluid Handling 11.10.3. Consumer Goods 11.10.4. Medical 11.10.5. Sports 11.10.6. Others 11.11. ASEAN Thermoplastic Vulcanizates Market Forecast, by Application 11.11.1. Automotive 11.11.2. Fluid Handling 11.11.3. Consumer Goods 11.11.4. Medical 11.11.5. Sports 11.11.6. Others 11.12. Rest of Asia Pacific Thermoplastic Vulcanizates Market Forecast, by Application 11.12.1. Automotive 11.12.2. Fluid Handling 11.12.3. Consumer Goods 11.12.4. Medical 11.12.5. Sports 11.12.6. Others 11.13. Asia Pacific Thermoplastic Vulcanizates Market Attractiveness Analysis 11.13.1. By Application 11.14. PEST Analysis 11.15. Key Trends 11.16. Key Developments 12. Middle East & Africa Thermoplastic Vulcanizates Market Analysis 12.1. Key Findings 12.2. Middle East & Africa Thermoplastic Vulcanizates Market Overview 12.3. Middle East & Africa Thermoplastic Vulcanizates Market Value Share Analysis, by Application 12.4. Middle East & Africa Thermoplastic Vulcanizates Market Forecast, by Application 12.4.1. Automotive 12.4.2. Fluid Handling 12.4.3. Consumer Goods 12.4.4. Medical 12.4.5. Sports 12.4.6. Others 12.5. Middle East & Africa Thermoplastic Vulcanizates Market Value Share Analysis, by Country 12.6. Middle East & Africa Thermoplastic Vulcanizates Market Forecast, by Country 12.6.1. GCC 12.6.2. South Africa 12.6.3. Rest of Middle East & Africa 12.7. Middle East & Africa Thermoplastic Vulcanizates Market Analysis, by Country 12.8. GCC Thermoplastic Vulcanizates Market Forecast, by Application 12.8.1. Automotive 12.8.2. Fluid Handling 12.8.3. Consumer Goods 12.8.4. Medical 12.8.5. Sports 12.8.6. Others 12.9. South Africa Thermoplastic Vulcanizates Market Forecast, by Application 12.9.1. Automotive 12.9.2. Fluid Handling 12.9.3. Consumer Goods 12.9.4. Medical 12.9.5. Sports 12.9.6. Others 12.10. Rest of Middle East & Africa Thermoplastic Vulcanizates Market Forecast, by Application 12.10.1. Automotive 12.10.2. Fluid Handling 12.10.3. Consumer Goods 12.10.4. Medical 12.10.5. Sports 12.10.6. Others 12.11. Middle East & Africa Thermoplastic Vulcanizates Market Attractiveness Analysis 12.11.1. By Application 12.12. PEST Analysis 12.13. Key Trends 12.14. Key Developments 13. South America Thermoplastic Vulcanizates Market Analysis 13.1. Key Findings 13.2. South America Thermoplastic Vulcanizates Market Overview 13.3. South America Thermoplastic Vulcanizates Market Value Share Analysis, by Application 13.4. South America Thermoplastic Vulcanizates Market Forecast, by Application 13.4.1. Automotive 13.4.2. Fluid Handling 13.4.3. Consumer Goods 13.4.4. Medical 13.4.5. Sports 13.4.6. Others 13.5. South America Thermoplastic Vulcanizates Market Value Share Analysis, by Country 13.6. South America Thermoplastic Vulcanizates Market Forecast, by Country 13.6.1. Brazil 13.6.2. Mexico 13.6.3. Rest of South America 13.7. South America Thermoplastic Vulcanizates Market Analysis, by Country 13.8. Brazil Thermoplastic Vulcanizates Market Forecast, by Application 13.8.1. Automotive 13.8.2. Fluid Handling 13.8.3. Consumer Goods 13.8.4. Medical 13.8.5. Sports 13.8.6. Others 13.9. Mexico Thermoplastic Vulcanizates Market Forecast, by Application 13.9.1. Automotive 13.9.2. Fluid Handling 13.9.3. Consumer Goods 13.9.4. Medical 13.9.5. Sports 13.9.6. Others 13.10. Rest of South America Thermoplastic Vulcanizates Market Forecast, by Application 13.10.1. Automotive 13.10.2. Fluid Handling 13.10.3. Consumer Goods 13.10.4. Medical 13.10.5. Sports 13.10.6. Others 13.11. South America Thermoplastic Vulcanizates Market Attractiveness Analysis 13.11.1. By Application 13.12. PEST Analysis 13.13. Key Trends 13.14. Key Developments 14. Company Profiles 14.1. Market Share Analysis, by Company 14.2. Competition Matrix 14.2.1. Competitive Benchmarking of key players by price, presence, market share, Applications and R&D investment 14.2.2. New Product Launches and Product Enhancements 14.2.3. Market Consolidation 14.2.3.1. M&A by Regions, Investment and Applications 14.2.3.2. M&A Key Players, Forward Integration and Backward Integration 14.3. Company Profiles: Key Players 14.3.1. Kraton Polymers 14.3.1.1. Company Overview 14.3.1.2. Financial Overview 14.3.1.3. Product Portfolio 14.3.1.4. Business Strategy 14.3.1.5. Recent Developments 14.3.1.6. Manufacturing Footprint 14.3.2. Arkema Inc 14.3.3. Dexco Polymers LP 14.3.4. Chemtura Corporation 14.3.5. DuPont Performance Elastomers 14.3.6. The Dow Chemical Company 14.3.7. Solvay Engineered Polymers 15. Primary Key Insights