Global Thermoplastic Vulcanizates Market
Global Thermoplastic Vulcanizates Market was valued at US$ XX Mn in 2017, and is expected to reach US$ XX Mn by 2026, at a CAGR of XX % during forecast period.
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.
The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.
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 Thermoplastic Vulcanizates 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 thermoplastic vulcanizates 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.
Scope of the Global Thermoplastic Vulcanizates Market
Global Thermoplastic Vulcanizates Market, By Application
• Automotive
• Fluid Handling
• Consumer Goods
• Medical
• Sports
• Others
Global Thermoplastic Vulcanizates Market, by Region
• North America
• Europe
• Asia-Pacific
• Middle East & Africa
• South America
Key Players operating in the Global Thermoplastic Vulcanizates Market
• Kraton Polymers
• Arkema Inc
• Dexco Polymers LP
• Chemtura Corporation
• DuPont Performance Elastomers
• The Dow Chemical Company
• Solvay Engineered Polymers
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