Thermoplastic Vulcanizates Market 2023 Share, Size, Growth, Trends and Forecast 2028

IMARC Group, a leading market research company, has recently releases report titled “Thermoplastic Vulcanizates Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global thermoplastic vulcanizates market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How big is the thermoplastic vulcanizates market?

What is thermoplastic vulcanizates?

Thermoplastic vulcanizates (TPVs) are polymer blends consisting of finely dispersed micron-sized rubber particles in a thermoplastic matrix. They are manufactured by cross-linking melted rubber with thermoplastic material in controlled temperatures. TPVs exhibit properties of vulcanized rubber elastomers and thermoplastic materials. Compared to other polymers, they are durable, lightweight, resistant to heat, chemicals and fluids and have lower processing costs. As a result, TPVs find extensive applications to manufacture industrial and automobile components, consumer goods and electrical, sports, medical and personal care products.

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What are the growth prospects and trends in the thermoplastic vulcanizates industry?

The expanding automotive industry is creating a positive outlook for the market. TPVs are used to produce lightweight automotive parts, such as bumpers, car doors, battery frames, weather seals, under-the-hood components, etc. Furthermore, the escalating demand for TPVs as a substitute for polyvinyl chloride (PVC) in the healthcare sector to manufacture catheters, blood bags and disposable gloves is further augmenting the market growth. Additionally, the introduction of bio-based TPVs made from renewable resources, such as starch-, cellulose and sot-based polymers, polylactides (PLAs) and polyhydroxyalkanoates (PHAs), is also providing a positive outlook to the global market. Besides this, the implementation of favorable government regulations promoting the use of TPVs for sustainable development is projected to further catalyze the market growth over the forecasted period.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Product Type:

• EPDM/PP Blends
• NR/PP Blends
• Others

Breakup by Application:

• Automotive
• Building and Construction
• Consumer Goods
• Medical
• Others

Breakup by Region:

• North America (U.S. & Canada)
• Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
• Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
• Latin America (Brazil, Mexico)
• Middle East & Africa

Who are the key players operating in the industry?

The report covers the major market players including:

• Arkema S.A.
• Asahi Kasei Corporation
• BASF SE
• China Petroleum & Chemical Corporation
• DuPont de Nemours Inc.
• Exxon Mobil Corporation
• JSR Corporation
• LyondellBasell Industries N.V.
• Mitsubishi Chemical Corporation
• Mitsui Chemicals Inc.
• Tosoh Corporation

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