The thermoplastic vulcanizate (TPV) market was valued at US$ 1,646.78 million in 2019 and is projected to reach US$ 2,612.50 million by 2027; it is expected to grow at a CAGR of 6.1% during the forecast period.
Thermoplastic vulcanizates are used in a wide variety of products such as washers and dryers, dishwashers, small appliances, grips and seals & refrigerators, for rigid parts and seals. The demand for thermoplastic vulcanizates in the consumer goods sector is expected to increase owing to its benefits of lightweight, versatile, and soft materials in different application areas, including clothing, home appliances, personal care products, kitchenware, and power tools. Further, the growth of the consumer goods industry in BRIC nations is also expected to have a positive impact on the thermoplastic vulcanizates market. Thermoplastic vulcanizations (TPVs) provide excellent efficiency, reduced system costs, and potential sustainability. Owing to these benefits, TPVs are used in the consumer goods industry. For instance, ExxonMobil Chemical produces thermoplastic vulcanizates (TPVs) with high-performance elastomers that provide versatility in production, ease of processing, and durability. By providing superior and consistent performance across industrial and challenging consumer applications, TPV offers the potential for lower device costs, reduced weight, and recyclability compared to materials such as EPDM (ethylene propylene diene polymethylene backbone) or other thermoset rubbers.
North America is expected to hold the largest share of the global thermoplastic vulcanizate (TPV) market during the forecast period. Several domestic and international companies have a strong foothold in the North American region. The growth of the thermoplastic vulcanizate (TPV) market in this region is primarily attributed to the growing demand for lightweight materials for the production of several auto components. Further, favorable government regulations pertaining to TPV consumption in automotive applications as an alternative to alloys and metals, along with increasing passenger car production in the US and Mexico, are expected to further fuel regional market growth over the forecast period. Further, technical developments and growing demand for electric vehicles have increased the need for lightweight, robust, and recyclable goods, which, in turn have propelled the market growth.
The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are among the most-affected nations in terms of confirmed cases and reported deaths due to COVID-19, as of December 2020. According to the WHO data as of December, 2020, ~80,453,105 affirmed cases and 1,775,776 deaths have been reported in the world. The COVID-19 pandemic has affected economies due to lockdowns, travel bans, and business shutdowns. The global chemicals and materials industry is one of the major businesses enduring supply chain breaks and manufacturing disruptions due to these restrictions. China is the global hub of manufacturing and the largest raw material supplier for various industries. The lockdown of various plants and factories leading regions, such as Asia Pacific and Europe, is affecting the global supply chains and negatively impacting the manufacturing, delivery schedules, and product sales. These factors have adversely affected the global thermoplastic vulcanizate (TPV) market growth.
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Thermoplastic Vulcanizate (TPV) Market: Strategic Insights
Market Size Value in US$ 1,646.78 Million in 2019 Market Size Value by US$ 2,612.50 Million by 2027 Growth rate CAGR of 6.1% from 2020-2027 Forecast Period 2020-2027 Base Year 2020
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Thermoplastic Vulcanizate (TPV) Market: Strategic Insights
| Market Size Value in | US$ 1,646.78 Million in 2019 |
| Market Size Value by | US$ 2,612.50 Million by 2027 |
| Growth rate | CAGR of 6.1% from 2020-2027 |
| Forecast Period | 2020-2027 |
| Base Year | 2020 |
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Market Insights
Use of Bio- Based Thermoplastic Vulcanizate
In order to minimize reliance on non-renewable resources, such as petroleum, and to achieve sustainable development of the polymer materials industry, a large number of people prefer bio-based polymer materials. Bio-based thermoplastic vulcanizates (TPV) are made of poly(lactide) (PLA) and ethylene-co-vinyl acetate rubber (EVA) that have been fabricated using dicumyl peroxide (DCP) as a curing agent; it is the first time that the application of PLA in elastic materials has been demonstrated. As bio-based TPVs contain low carbon emissions and are biodegradable in nature, synthesis of the same is encouraged in most countries. They are currently considered to be sustainable alternatives for traditional petroleum-based polymers since they are derived from renewable resources such as starch-based polymers, polylactides (PLAs), polyhydroxyalkanoates(PHAs), cellulose-based polymers, and soy-based polymers. As bio-based TPEs not only provide a clean solution but also offer bio-based TPE producers cost competitiveness against their synthetic counterparts, they are expected to create significant market growth opportunities.
End Use Industry Insights
Based on end use industry, the thermoplastic vulcanizate (TPV) material market is segmented into automotive, building and construction, consumer goods, healthcare, and others. In 2019, the automotive segment dominated the market. Automotive lightweight materials have witnessed strong growth over the last few years owing to the growing demand for luxury, low-emission, safe, and high-performance vehicles. As a result, suppliers and manufacturers have launched a number of solutions that not only help OEMs comply with strict regulations but also meet the expanding range of personal customer demands. TPVs are also a reasonable alternative to expensive elastomers. They offer excellent elastomeric durability, including relatively high tensile strength and elongation at break time, high elastic recovery as well as good dimensional stability in hot air, and excellent resistance to UV aging, ozone, and weathering. The key applications of TVP in the automotive industry include hose covers, air inlet duct covers, gaskets, seals, convoluted boots, vibration-dampers, strut covers, ignition parts, bushings, and window seals. Flexible TPV automotive under-the-hood components include air intake tubes and bellows, well flares of the wheel, bellows of the steering system, and sound abatement parts. Further, the cost of TPVs is considered 10–30% percent lower than EPDM, combined with a lower weight, enhanced versatility of design, and recyclability.
Mitsui Chemicals Inc., Celanese Corporation, Mitsubishi Chemical Corporation, Kumho Polychem, Trinseo, Teknor Apex, ExxonMobil, Zeon Chemicals L.P., Alphagary and Ravago are among the key players present in the global thermoplastic vulcanizate (TPV) market. These companies are implementing new product development, and merger and acquisition strategies to enlarge their respective clientele and gain significant market share in the global market, which, in turn, allows them to maintain their brand name.
Report Spotlights
- Progressive industry trends in the global thermoplastic vulcanizate (TPV) market that help players develop effective long-term strategies
- Business growth strategies adopted by developed and developing markets
- Quantitative analysis of the global thermoplastic vulcanizate (TPV) market from 2017 to 2027
- Estimation of global thermoplastic vulcanizate (TPV) demand across various industries
- PEST analysis to illustrate the efficacy of buyers and suppliers operating in the industry
- Recent developments to understand the competitive market scenario and global thermoplastic vulcanizate (TPV) demand
- Market trends and outlook, and factors driving and restraining the growth of the global thermoplastic vulcanizate (TPV) market
- Understanding the strategies that underpin commercial interest with regard to the market growth
- Global thermoplastic vulcanizate (TPV) market size at various nodes of market
- Detailed overview and segmentation of the market, as well as its industry dynamics
- Global thermoplastic vulcanizate (TPV) market size in various regions with promising growth opportunities in the respective regions
Thermoplastic Vulcanizate (TPV) Market Report Scope
Thermoplastic Vulcanizate (TPV) Market, byEnd Use Industry
- Automotive
- Building & Construction
- Consumer Goods
- Healthcare
- Others
Company Profiles
- Mitsui Chemicals Inc.
- Celanese Corporation
- Mitsubishi Chemical Corporation
- Kumho Polychem
- Trinseo
- Teknor Apex
- ExxonMobil
- Zeon Chemicals L.P.
- Alphagary
- Ravago
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
End Use Industry
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
Frequently Asked Questions
The growth of the automotive segment is primarily attributed to the fact that the growing demand for luxurious, low-emission, safe, and high-performance vehicles. The key applications of TVP in the automotive industry include hose covers, air inlet duct covers, gaskets, seals, convoluted boots, vibration-dampers, strut covers, ignition parts, bushings, and window seals. Flexible TPV automotive under-the-hood components include air intake tubes and bellows, well flares of the wheel, bellows of the steering system, and sound abatement parts. All these factors are responsible for the berries segment to grow at the highest rate.
The major players operating in the global thermoplastic vulcanizate (TPV) market are Mitsui Chemicals, Inc., Celanese Corporation, Mitsubishi Chemical Corporation, Kumho Polychem, Trinseo, Teknor Apex, ExxonMobil, Zeon Chemicals L.P., Alphagary and Ravago among many others.
In 2019, the thermoplastic vulcanizate (TPV) market was predominant in North America at the global level. Surge in demand of thermoplastic vulcanizate (TPV) in various end use industries such as automotive, building & construction, consumer goods, healthcare, and others has had a noteworthy influence on the thermoplastic vulcanizate (TPV) market in North America. The market for thermoplastic vulcanizate (TPV) in North America is witnessing growth owing to the presence of well-established players such as Mitsubishi Chemical Corporation, Teknor Apex, Zeon Chemicals L.P., and others in this region. With the rise in demand for the lightweight and high-performance materials in the automotive industry in the region is expected to continue to grow over the projected period. The popularity of the thermoplastic vulcanizate (TPV) has increased within the region, particularly in US, Canada, and Mexico. Its use in chemical and materials industry has had a noteworthy influence on the thermoplastic vulcanizate (TPV) market in North America. Favorable government regulations pertaining to TPV consumption in automotive applications as an alternative to alloys and metals, along with increasing passenger car production in the U.S. and Mexico, are expected to further fuel regional market growth over the forecast period. Further, technical advances and growing demand for electric vehicles have increased the need for lightweight, robust and recyclable goods. The steady rise in electric vehicles on the roads is expected to fuel the growth of the market in North America. The market for thermoplastic vulcanizate (TPV) is picking up pace in this region, owing to the development of new manufacturing industries together with the government support to increase the industrial production in chemical and materials sector.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Thermoplastic Vulcanizate (TPV) Market, by End Use Industry
1.3.2 Thermoplastic Vulcanizate (TPV) Market, by Geography
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. Thermoplastic Vulcanizate (TPV) Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 APAC
4.2.4 MEA
4.2.5 SAM
4.3 Expert Opinion
5. Thermoplastic Vulcanizate (TPV) Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Extensive Demand from Automobile Industry
5.1.2 Growing Demand of Thermoplastic Vulcanizate from Consumer Goods Industry
5.2 Market Restraints
5.2.1 Fluctuating Raw Material Prices
5.3 Market Opportunities
5.3.1 Use of Bio- Based Thermoplastic Vulcanizate
5.4 Future Trends
5.4.1 Rising Usage of Thermoplastic Vulcanizate in Healthcare Industry
5.5 Impact Analysis Of Drivers And Restraints
6. Thermoplastic Vulcanizate (TPV) – Global Market Analysis
6.1 Thermoplastic Vulcanizate (TPV) Market Overview
6.2 Thermoplastic Vulcanizate (TPV) Market –Revenue and Forecast to 2027 (US$ Million)
6.3 Market Positioning – Global Market Players
7. Thermoplastic Vulcanizate (TPV) Market Analysis – By End Use Industry
7.1 Overview
7.2 Thermoplastic Vulcanizate (TPV) Market, By End Use Industry (2019 and 2027)
7.3 Automotive
7.3.1 Overview
7.3.1.1 Automotive : Thermoplastic Vulcanizate (TPV) Market – Revenue, and Forecast to 2027 (US$ Million)
7.4 Building & Construction
7.4.1 Overview
7.4.1.1 Building & Construction: Thermoplastic Vulcanizate (TPV) Market – Revenue, and Forecast to 2027 (US$ Million)
7.5 Consumer Goods
7.5.1 Overview
7.5.1.1 Consumer Goods: Thermoplastic Vulcanizate (TPV) Market – Revenue, and Forecast to 2027 (US$ Million)
7.6 Healthcare
7.6.1 Overview
7.6.1.1 Healthcare: Thermoplastic Vulcanizate (TPV) Market – Revenue, and Forecast to 2027 (US$ Million)
7.7 Others
7.7.1 Overview
7.7.1.1 Others: Thermoplastic Vulcanizate (TPV) Market – Revenue, and Forecast to 2027 (US$ Million)
8. Thermoplastic Vulcanizate (TPV) Market – Geographic Analysis
8.1 Overview
8.2 North America: Thermoplastic Vulcanizate (TPV) Market
8.2.1 North America: Thermoplastic Vulcanizate (TPV) Market – Revenue and Forecast to 2027 (US$ Million)
8.2.2 North America: Thermoplastic Vulcanizate (TPV) Market, by End Use Industry
8.2.3 North America: Thermoplastic Vulcanizate (TPV) Market, by Key Country
8.2.3.1 US: Thermoplastic Vulcanizate (TPV) Market –Revenue and Forecast to 2027 (US$ Million)
8.2.3.1.1 US: Thermoplastic Vulcanizate (TPV) Market, by End Use Industry
8.2.3.2 Canada: Thermoplastic Vulcanizate (TPV) Market –Revenue and Forecast to 2027 (US$ Million)
8.2.3.2.1 Canada: Thermoplastic Vulcanizate (TPV) Market, by End Use Industry
8.2.3.3 Mexico: Thermoplastic Vulcanizate (TPV) Market –Revenue and Forecast to 2027 (US$ Million)
8.2.3.3.1 Mexico: Thermoplastic Vulcanizate (TPV) Market, by End Use Industry
8.3 Europe: Thermoplastic Vulcanizate (TPV) Market
8.3.1 Europe: Thermoplastic Vulcanizate (TPV) Market – Revenue and Forecast to 2027 (US$ Million)
8.3.2 Europe: Thermoplastic Vulcanizate (TPV) Market, by End Use Industry
8.3.3 Europe: Thermoplastic Vulcanizate (TPV) Market, by Key Country
8.3.3.1 Germany: Thermoplastic Vulcanizate (TPV) Market –Revenue and Forecast to 2027 (US$ Million)
8.3.3.1.1 Germany: Thermoplastic Vulcanizate (TPV) Market, by End Use Industry
8.3.3.2 France: Thermoplastic Vulcanizate (TPV) Market –Revenue and Forecast to 2027 (US$ Million)
8.3.3.2.1 France: Thermoplastic Vulcanizate (TPV) Market, by End Use Industry
8.3.3.3 Italy: Thermoplastic Vulcanizate (TPV) Market –Revenue and Forecast to 2027 (US$ Million)
8.3.3.3.1 Italy: Thermoplastic Vulcanizate (TPV) Market, by End Use Industry
8.3.3.4 UK: Thermoplastic Vulcanizate (TPV) Market –Revenue and Forecast to 2027 (US$ Million)
8.3.3.4.1 UK: Thermoplastic Vulcanizate (TPV) Market, by End Use Industry
8.3.3.5 Russia: Thermoplastic Vulcanizate (TPV) Market –Revenue and Forecast to 2027 (US$ Million)
8.3.3.5.1 Russia: Thermoplastic Vulcanizate (TPV) Market, by End Use Industry
8.3.3.6 Rest of Europe: Thermoplastic Vulcanizate (TPV) Market –Revenue and Forecast to 2027 (US$ Million)
8.3.3.6.1 Rest of Europe: Thermoplastic Vulcanizate (TPV) Market, by End Use Industry
8.4 APAC: Thermoplastic Vulcanizate (TPV) Market
8.4.1 APAC: Thermoplastic Vulcanizate (TPV) Market – Revenue and Forecast to 2027 (US$ Million)
8.4.2 APAC: Thermoplastic Vulcanizate (TPV) Market, by End Use Industry
8.4.3 APAC: Thermoplastic Vulcanizate (TPV) Market, by Key Country
8.4.3.1 Australia: Thermoplastic Vulcanizate (TPV) Market –Revenue and Forecast to 2027 (US$ Million)
8.4.3.1.1 Australia: Thermoplastic Vulcanizate (TPV) Market, by End Use Industry
8.4.3.2 China: Thermoplastic Vulcanizate (TPV) Market –Revenue and Forecast to 2027 (US$ Million)
8.4.3.2.1 China: Thermoplastic Vulcanizate (TPV) Market, by End Use Industry
8.4.3.3 India: Thermoplastic Vulcanizate (TPV) Market –Revenue and Forecast to 2027 (US$ Million)
8.4.3.3.1 India: Thermoplastic Vulcanizate (TPV) Market, by End Use Industry
8.4.3.4 Japan: Thermoplastic Vulcanizate (TPV) Market –Revenue and Forecast to 2027 (US$ Million)
8.4.3.4.1 Japan: Thermoplastic Vulcanizate (TPV) Market, by End Use Industry
8.4.3.5 South Korea: Thermoplastic Vulcanizate (TPV) Market –Revenue and Forecast to 2027 (US$ Million)
8.4.3.5.1 South Korea: Thermoplastic Vulcanizate (TPV) Market, by End Use Industry
8.4.3.6 Rest of APAC: Thermoplastic Vulcanizate (TPV) Market –Revenue and Forecast to 2027 (US$ Million)
8.4.3.6.1 Rest of APAC: Thermoplastic Vulcanizate (TPV) Market, by End Use Industry
8.5 MEA: Thermoplastic Vulcanizate (TPV) Market
8.5.1 MEA: Thermoplastic Vulcanizate (TPV) Market – Revenue and Forecast to 2027 (US$ Million)
8.5.2 MEA: Thermoplastic Vulcanizate (TPV) Market, by End Use Industry
8.5.3 MEA: Thermoplastic Vulcanizate (TPV) Market, by Key Country
8.5.3.1 South Africa: Thermoplastic Vulcanizate (TPV) Market –Revenue and Forecast to 2027 (US$ Million)
8.5.3.1.1 South Africa: Thermoplastic Vulcanizate (TPV) Market, by End Use Industry
8.5.3.2 Saudi Arabia: Thermoplastic Vulcanizate (TPV) Market –Revenue and Forecast to 2027 (US$ Million)
8.5.3.2.1 Saudi Arabia: Thermoplastic Vulcanizate (TPV) Market, by End Use Industry
8.5.3.3 UAE: Thermoplastic Vulcanizate (TPV) Market –Revenue and Forecast to 2027 (US$ Million)
8.5.3.3.1 UAE: Thermoplastic Vulcanizate (TPV) Market, by End Use Industry
8.5.3.4 Rest of MEA: Thermoplastic Vulcanizate (TPV) Market –Revenue and Forecast to 2027 (US$ Million)
8.5.3.4.1 Rest of MEA: Thermoplastic Vulcanizate (TPV) Market, by End Use Industry
8.6 SAM: Thermoplastic Vulcanizate (TPV) Market
8.6.1 SAM: Thermoplastic Vulcanizate (TPV) Market – Revenue and Forecast to 2027 (US$ Million)
8.6.2 SAM: Thermoplastic Vulcanizate (TPV) Market, by End Use Industry
8.6.3 SAM: Thermoplastic Vulcanizate (TPV) Market, by Key Country
8.6.3.1 Brazil: Thermoplastic Vulcanizate (TPV) Market –Revenue and Forecast to 2027 (US$ Million)
8.6.3.1.1 Brazil: Thermoplastic Vulcanizate (TPV) Market, by End Use Industry
8.6.3.2 Argentina: Thermoplastic Vulcanizate (TPV) Market –Revenue and Forecast to 2027 (US$ Million)
8.6.3.2.1 Argentina: Thermoplastic Vulcanizate (TPV) Market, by End Use Industry
8.6.3.3 Rest of SAM: Thermoplastic Vulcanizate (TPV) Market –Revenue and Forecast to 2027 (US$ Million)
8.6.3.3.1 Rest of SAM: Thermoplastic Vulcanizate (TPV) Market, by End Use Industry
9. Impact of COVID-19 Pandemic on Global Thermoplastic Vulcanizate (TPV) Market
9.1 Overview
9.2 North America: Impact Assessment of COVID-19 Pandemic
9.3 Europe: Impact Assessment of COVID-19 Pandemic
9.4 Asia-Pacific: Impact Assessment of COVID-19 Pandemic
9.5 Middle East and Africa: Impact Assessment of COVID-19 Pandemic
9.6 South America: Impact Assessment of COVID-19 Pandemic
10. Industry Landscape
10.1 Mergers and Acquisitions
10.2 Strategy and Business Planning
11. Company Profiles
11.1 Mitsui Chemicals, Inc.
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Celanese Corporation
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Mitsubishi Chemical Corporation
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.4 Kumho Polychem
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Trinseo
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.6 Teknor Apex
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.7 ExxonMobil
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Zeon Chemicals L.P.
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products And Services
11.8.4 Financial Overview
11.8.5 Swot Analysis
11.9 Alphagary
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products And Services
11.9.4 Financial Overview
11.9.5 Swot Analysis
11.10 Ravago Manufacturing
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Products And Services
11.10.4 Financial Overview
11.10.5 Swot Analysis
12. Appendix
12.1 About The Insight Partners
12.2 Glossary of Terms
LIST OF TABLES
Table 1. Thermoplastic Vulcanizate (TPV) Market –Revenue and Forecast to 2027 (US$ Million)
Table 2. North America Thermoplastic Vulcanizate (TPV) Market, by End Use Industry – Revenue and Forecast to 2027 (US$ Million)
Table 3. US Thermoplastic Vulcanizate (TPV) Market, by End Use Industry – Revenue and Forecast to 2027 (US$ Million)
Table 4. Canada Thermoplastic Vulcanizate (TPV) Market, by End Use Industry – Revenue and Forecast to 2027 (US$ Million)
Table 5. Mexico Thermoplastic Vulcanizate (TPV) Market, by End Use Industry – Revenue and Forecast to 2027 (US$ Million)
Table 6. Europe Thermoplastic Vulcanizate (TPV) Market, by End Use Industry – Revenue and Forecast to 2027 (US$ Million)
Table 7. Germany Thermoplastic Vulcanizate (TPV) Market, by End Use Industry – Revenue and Forecast to 2027 (US$ Million)
Table 8. France Thermoplastic Vulcanizate (TPV) Market, by End Use Industry – Revenue and Forecast to 2027 (US$ Million)
Table 9. Italy Thermoplastic Vulcanizate (TPV) Market, by End Use Industry – Revenue and Forecast to 2027 (US$ Million)
Table 10. UK Thermoplastic Vulcanizate (TPV) Market, by End Use Industry – Revenue and Forecast to 2027 (US$ Million)
Table 11. Russia Thermoplastic Vulcanizate (TPV) Market, by End Use Industry – Revenue and Forecast to 2027 (US$ Million)
Table 12. Rest of Europe Thermoplastic Vulcanizate (TPV) Market, by End Use Industry – Revenue and Forecast to 2027 (US$ Million)
Table 13. APAC Thermoplastic Vulcanizate (TPV) Market, by End Use Industry – Revenue and Forecast to 2027 (US$ Million)
Table 14. MEA Thermoplastic Vulcanizate (TPV) Market, by End Use Industry – Revenue and Forecast to 2027 (US$ Million)
Table 15. SAM Thermoplastic Vulcanizate (TPV) Market, by End Use Industry – Revenue and Forecast to 2027 (US$ Million)
Table 16. Brazil Thermoplastic Vulcanizate (TPV) Market, by End Use Industry – Revenue and Forecast to 2027 (US$ Million)
Table 17. Argentina Thermoplastic Vulcanizate (TPV) Market, by End Use Industry – Revenue and Forecast to 2027 (US$ Million)
Table 18. Rest of SAM Thermoplastic Vulcanizate (TPV) Market, by End Use Industry – Revenue and Forecast to 2027 (US$ Million)
Table 19. Glossary of Terms, Thermoplastic Vulcanizate (TPV) Market
LIST OF FIGURES
Figure 1. Thermoplastic Vulcanizate (TPV) Market Segmentation
Figure 2. Thermoplastic Vulcanizate (TPV) Market Segmentation – By Geography
Figure 3. Global Thermoplastic Vulcanizate (TPV) Market Overview
Figure 4. Automotive Segment Held Largest Share of Global Thermoplastic Vulcanizate (TPV) Market
Figure 5. North America Region Held Largest Share of Global Thermoplastic Vulcanizate (TPV) Market
Figure 6. Global Thermoplastic Vulcanizate (TPV) Market, Industry Landscape
Figure 7. North America: PEST Analysis
Figure 8. Europe: PEST Analysis
Figure 9. APAC: PEST Analysis
Figure 10. MEA: PEST Analysis
Figure 11. SAM: PEST Analysis
Figure 12. Expert Opinion
Figure 13. Thermoplastic Vulcanizate (TPV) Market Impact Analysis Of Driver And Restraints
Figure 14. Geographic Overview of Thermoplastic Vulcanizate (TPV) Market
Figure 15. Thermoplastic Vulcanizate (TPV) Market – Revenue and Forecast to 2027 (US$ Million)
Figure 16. Thermoplastic Vulcanizate (TPV) Market Revenue Share, by End Use Industry (2019 and 2027)
Figure 17. Automotive: Thermoplastic Vulcanizate (TPV) Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 18. Building & Construction : Thermoplastic Vulcanizate (TPV) Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 19. Consumer Goods: Thermoplastic Vulcanizate (TPV) Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 20. Healthcare: Thermoplastic Vulcanizate (TPV) Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 21. Others: Thermoplastic Vulcanizate (TPV) Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 22. Global Thermoplastic Vulcanizate (TPV) Market Revenue Share, by Region (2019 and 2027)
Figure 23. North America: Thermoplastic Vulcanizate (TPV) Market – Revenue and Forecast to 2027 (US$ Million)
Figure 24. North America: Thermoplastic Vulcanizate (TPV) Market Revenue Share, by End Use Industry (2019 and 2027)
Figure 25. North America: Thermoplastic Vulcanizate (TPV) Market Revenue Share, by Key Country (2019 and 2027)
Figure 26. US: Thermoplastic Vulcanizate (TPV) Market –Revenue and Forecast to 2027 (US$ Million)
Figure 27. Canada: Thermoplastic Vulcanizate (TPV) Market –Revenue and Forecast to 2027 (US$ Million)
Figure 28. Mexico: Thermoplastic Vulcanizate (TPV) Market –Revenue and Forecast to 2027 (US$ Million)
Figure 29. Europe: Thermoplastic Vulcanizate (TPV) Market – Revenue and Forecast to 2027 (US$ Million)
Figure 30. Europe: Thermoplastic Vulcanizate (TPV) Market Revenue Share, by End Use Industry (2019 and 2027)
Figure 31. Europe: Thermoplastic Vulcanizate (TPV) Market Revenue Share, by Key Country (2019 and 2027)
Figure 32. Germany: Thermoplastic Vulcanizate (TPV) Market –Revenue and Forecast to 2027 (US$ Million)
Figure 33. France: Thermoplastic Vulcanizate (TPV) Market –Revenue and Forecast to 2027 (US$ Million)
Figure 34. Italy: Thermoplastic Vulcanizate (TPV) Market –Revenue and Forecast to 2027 (US$ Million)
Figure 35. UK: Thermoplastic Vulcanizate (TPV) Market –Revenue and Forecast to 2027 (US$ Million)
Figure 36. Russia: Thermoplastic Vulcanizate (TPV) Market –Revenue and Forecast to 2027 (US$ Million)
Figure 37. Rest of Europe: Thermoplastic Vulcanizate (TPV) Market –Revenue and Forecast to 2027 (US$ Million)
Figure 38. APAC: Thermoplastic Vulcanizate (TPV) Market – Revenue and Forecast to 2027 (US$ Million)
Figure 39. APAC: Thermoplastic Vulcanizate (TPV) Market Revenue Share, by End Use Industry (2019 and 2027)
Figure 40. APAC: Thermoplastic Vulcanizate (TPV) Market Revenue Share, by Key Country (2019 and 2027)
Figure 41. Australia: Thermoplastic Vulcanizate (TPV) Market –Revenue and Forecast to 2027 (US$ Million)
Figure 42. China: Thermoplastic Vulcanizate (TPV) Market –Revenue and Forecast to 2027 (US$ Million)
Figure 43. India: Thermoplastic Vulcanizate (TPV) Market –Revenue and Forecast to 2027 (US$ Million)
Figure 44. Japan: Thermoplastic Vulcanizate (TPV) Market –Revenue and Forecast to 2027 (US$ Million)
Figure 45. South Korea: Thermoplastic Vulcanizate (TPV) Market –Revenue and Forecast to 2027 (US$ Million)
Figure 46. Rest of APAC: Thermoplastic Vulcanizate (TPV) Market –Revenue and Forecast to 2027 (US$ Million)
Figure 47. MEA: Thermoplastic Vulcanizate (TPV) Market – Revenue and Forecast to 2027 (US$ Million)
Figure 48. MEA: Thermoplastic Vulcanizate (TPV) Market Revenue Share, by End Use Industry (2019 and 2027)
Figure 49. MEA: Thermoplastic Vulcanizate (TPV) Market Revenue Share, by Key Country (2019 and 2027)
Figure 50. South Africa: Thermoplastic Vulcanizate (TPV) Market –Revenue and Forecast to 2027 (US$ Million)
Figure 51. Saudi Arabia: Thermoplastic Vulcanizate (TPV) Market –Revenue and Forecast to 2027 (US$ Million)
Figure 52. UAE: Thermoplastic Vulcanizate (TPV) Market –Revenue and Forecast to 2027 (US$ Million)
Figure 53. Rest of MEA: Thermoplastic Vulcanizate (TPV) Market –Revenue and Forecast to 2027 (US$ Million)
Figure 54. SAM: Thermoplastic Vulcanizate (TPV) Market – Revenue and Forecast to 2027 (US$ Million)
Figure 55. SAM: Thermoplastic Vulcanizate (TPV) Market Revenue Share, by End Use Industry (2019 and 2027)
Figure 56. SAM: Thermoplastic Vulcanizate (TPV) Market Revenue Share, by Key Country (2019 and 2027)
Figure 57. Brazil: Thermoplastic Vulcanizate (TPV) Market –Revenue and Forecast to 2027 (US$ Million)
Figure 58. Argentina: Thermoplastic Vulcanizate (TPV) Market –Revenue and Forecast to 2027 (US$ Million)
Figure 59. Rest of SAM: Thermoplastic Vulcanizate (TPV) Market –Revenue and Forecast to 2027 (US$ Million)
Figure 60. Impact of COVID-19 Pandemic in North American Country Markets
Figure 61. Impact of COVID-19 Pandemic in Europe Country Markets
Figure 62. Impact of COVID-19 Pandemic in Asia Pacific Country Markets
Figure 63. Impact of COVID-19 Pandemic in Middle East and Africa Country Markets
Figure 64. Impact of COVID-19 Pandemic in South America Country Markets
The List of Companies - Thermoplastic Vulcanizate Market
- Mitsui Chemicals, Inc.
- Celanese Corporation
- Mitsubishi Chemical Corporation
- Kumho Polychem
- Trinseo
- Teknor Apex
- ExxonMobil
- Zeon Chemicals L.P.
- Alphagary
- Ravago Manufacturing
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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