Thermoplastic Vulcanizates (TPV) Market Growth By Regional Analysis (America, Europe, Asia Pacific, and Middle East & Africa) Growth Opportunity and Industry Forecast 2023-2030 (Financial Impact Analysis)
ID : MRU_
116488 | Date :
Feb, 2023 | Pages :
180 | Region : Global |
Publisher : Ri research
The report offers detailed coverage of Thermoplastic Vulcanizates (TPV) industry and main market trends. The market research includes historical and forecast market data, demand, application details, price trends, and company shares of the leading Thermoplastic Vulcanizates (TPV) by geography. The report splits the market size, by volume and value, on the basis of application type and geography.
Thermoplastic vulcanizates (TPV) are part of the thermoplastic elastomer (TPE) family of polymers, but are closest in elastomeric properties to EPDM thermoset rubber, combining the characteristics of vulcanized rubber with the processing properties of thermoplastics. TPV is a dynamically vulcanized alloy consisting mostly of fully cured EPDM rubber particles encapsulated in a polypropylene (PP) matrix.
ExxonMobil Chemical, Teknor Apex and Mitsui Chemicals are major players in the U.S. market. ExxonMobil Chemical is the market leader in the United States which hold about 74% market share.
In the past five years, the U.S. auto industry has shown a rapid growth rate. The automotive industry has greatly boosted the development of TPV industry. The market share of U.S. domestic manufacturers is declining. However, the share of Japanese and South Korean manufacturers is on the rise. In addition, manufacturers are shifting production bases. Much of this is due to regional competition (South Korea and China in the case of Japan and Eastern Europe in the case of Germany), by which manufacturers relocate to the lowest-cost location within a regional market. On this count, it is significant that Mexico—which has had access to the US market for more than 20 years via NAFTA—has seen its share of global production increase by just one percentage point over that period. This situation will change in the future. Companies such as Ford and Toyota will commit to building a new car plant in the US that will drive the development of the TPV.
The U.S. auto industry is mainly focused on Midwest and south. In 2016, Midwest holds 61% of the consumption share. At the same time, the automotive industry, industrial, home appliance industry is the main consumption applications of TPV. The automotive industry, industrial is the main driver of the TPV industry. In 2016, the automotive industry holds 62% of TPV consumption.
The report forecast global Thermoplastic Vulcanizates (TPV) market to grow to reach xxx Million USD in 2023 with a CAGR of xx% during the period 2023-2030.
First, this report covers the present status and the future prospects of the global Thermoplastic Vulcanizates (TPV) market for 2018-2030.
And in this report, we analyze global market from 5 geographies: Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia], Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland], North America[United States, Canada, Mexico], Middle East & Africa[GCC, North Africa, South Africa], South America[Brazil, Argentina, Columbia, Chile, Peru].
Key Companies
ExxonMobil Chemical
Teknor Apex
Mitsui Chemicals
Dow Corning
RTP Company
Mitsubishi Chemical
Zeon
At the same time, we classify Thermoplastic Vulcanizates (TPV) according to the type, application by geography. More importantly, the report includes major countries market based on the type and application.
Market Segment as follows: Market by Order Type
EPDM/PP Blends
NR/PP Blends
Others Market by Application
Automobile Industry
Industrial
Electronic Appliances
Building & Construction
Others
By Region
Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia]
Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
North America[United States, Canada, Mexico]
Middle East & Africa[GCC, North Africa, South Africa]
South America[Brazil, Argentina, Columbia, Chile, Peru]
The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Thermoplastic Vulcanizates (TPV) market for the forecast period 2023 - 2030?
• What are the driving forces in the Thermoplastic Vulcanizates (TPV) market for the forecast period 2023 - 2030?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Thermoplastic Vulcanizates (TPV) industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?
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