The purpose of this rich study presented by FactMR is to elaborate the various market projections impacting the global thermoplastic vulcanizates (TPV) market during the period until 2028. This assessment delivers high-end statistics concerning market size, Y-o-Y growth in trends and revenue share (US& Mn) linked to different geographies and segmentation types. Readers can acquire precise insights about growth trends along with opportunities that are expected to reshape the overall structure of the thermoplastic vulcanizates (TPV) market during the forecast period.
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In Brief
Other players profiled in the thermoplastic vulcanizates market report are Exxon Mobil Corporation (Santoprene), Mitsui Chemicals, Inc., (MILASTOMER), Teknor Apex (Sarlink), Celanese Corporation (Forprene), Kraton Polymers (Kraton G), DuPont (DuPont ETPV), Alfagomma (Alfater XL).
Thermoplastic Vulcanizates Market- End Users Turn to Super-TPVs to Replace High-Cost Thermoset Rubbers
Novel developments in the thermoplastic vulcanizates market space are opening up new scope for large-scale adoption of thermoplastic vulcanizates in challenging industrial applications. One of such promising developments is the ‘super thermoplastic vulcanizates (super-TPVs)’, which are being increasingly embraced by the industrial operators to replace high-cost thermoset rubbers.
Introduction of super thermoplastic vulcanizates has paved new opportunities for adoption of thermoplastic vulcanizates in highly demanding and challenging applications, such as automotive under-the-hood applications. In addition, super TVPs are also being used for appliance and industrial components that are subjected to unusually high temperature requirements, given that super TVPs offer unbeatable heat resistance in comparison to the conventional variants.
Thermoplastic Vulcanizates Market – Research Methodology
The FactMR research study on thermoplastic vulcanizates market offers industry-best intelligence and insights into the global thermoplastic vulcanizates market forecast. The report on thermoplastic vulcanizates market gives an all-inclusive analysis of the thermoplastic vulcanizates market and its growth potential over the forecast period, including a detailed segmentation. The research study on thermoplastic vulcanizates market is a result of extensive research methodology, comprising of a primary phase and a secondary phase.
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In Brief
- The thermoplastic vulcanizates market grew at over 5% in 2018. Growing trend of replacing metals with lightweight engineering plastics, such as thermoplastic vulcanizates, across various end-use verticals is driving growth.
- Use of thermoplastic vulcanizates (TVPs) for automotive exterior applications is likely to gain an uptick during the forecast period. Ranging from weather seals to glass run channels, thermoplastic vulcanizates are used in various automotive exterior parts for aesthetic, functional, and performance benefits.
- North America will continue to be the leading market for thermoplastic vulcanizates, given that the United States continues to be one of the largest consumers of thermoplastic vulcanizates globally.
- East Asia is poised to emerge as one of the high-growth markets for thermoplastic vulcanizates, with China being one of the major consumers of TVPs, followed by South Korea. Gains in these flourishing East Asian nations will be further underpinned by drastic makeover of the regional industrial paradigms that will sustain high demand for high-quality engineering plastics.
- Demand for thermoplastic elastomers (TPE) is on a significant rise, owing to growing use across automotive, fluid handling, consumer goods, and medical applications. Thermoplastic vulcanizates are estimated to emerge as one of the highly-desired TPE products through 2027, thereby driving thermoplastic vulcanizates market.
- Ever-increasing demand for lightweight materials with superlative properties, notably from industries like automotive, is fuelling investments in thermoplastic vulcanizates market.
- Rising government initiatives to promote usage of engineering plastics across various end-use industries is creating favorable grounds for adoption of thermoplastic vulcanizates, thereby propelling growth of thermoplastic vulcanizates market.
Other players profiled in the thermoplastic vulcanizates market report are Exxon Mobil Corporation (Santoprene), Mitsui Chemicals, Inc., (MILASTOMER), Teknor Apex (Sarlink), Celanese Corporation (Forprene), Kraton Polymers (Kraton G), DuPont (DuPont ETPV), Alfagomma (Alfater XL).
Thermoplastic Vulcanizates Market- End Users Turn to Super-TPVs to Replace High-Cost Thermoset Rubbers
Novel developments in the thermoplastic vulcanizates market space are opening up new scope for large-scale adoption of thermoplastic vulcanizates in challenging industrial applications. One of such promising developments is the ‘super thermoplastic vulcanizates (super-TPVs)’, which are being increasingly embraced by the industrial operators to replace high-cost thermoset rubbers.
Introduction of super thermoplastic vulcanizates has paved new opportunities for adoption of thermoplastic vulcanizates in highly demanding and challenging applications, such as automotive under-the-hood applications. In addition, super TVPs are also being used for appliance and industrial components that are subjected to unusually high temperature requirements, given that super TVPs offer unbeatable heat resistance in comparison to the conventional variants.
Thermoplastic Vulcanizates Market – Research Methodology
The FactMR research study on thermoplastic vulcanizates market offers industry-best intelligence and insights into the global thermoplastic vulcanizates market forecast. The report on thermoplastic vulcanizates market gives an all-inclusive analysis of the thermoplastic vulcanizates market and its growth potential over the forecast period, including a detailed segmentation. The research study on thermoplastic vulcanizates market is a result of extensive research methodology, comprising of a primary phase and a secondary phase.
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