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Thermoplastic Vulcanizates Market Estimated to Cross US$ 6.4 Bn by 2030

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The global Thermoplastic Vulcanizates market size is expected to reach USD 6.4 billion by 2030, registering a CAGR of 8.9% over the forecast period 2021 – 2030.

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Growth Factors

 The growing demand for lightweight, high-performance materials from the automotive industry is expected to drive the global market. Increasing government intervention for improving fuel efficiency has prompted the use of high-performance engineering plastics including thermoplastic vulcanizate (TPV).

The growth of the consumer goods industry in BRIC nations is also expected to have a positive impact on the global market. Volatile prices of key feedstock are expected to remain a key challenge for market participants over the forecast period. On the basis of application, the market is segmented into automotive, fluid handling, consumer goods, medical, and others.

Report Coverage

Report Scope Details
Market Size USD 6.4 billion by 2030
Growth Rate CAGR of 8.9% From 2021 to 2030
Base Year 2021
Historic Data 2017 to 2020
Forecast Period 2021 to 2030
Segments Covered Application
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned Exxon Mobil Corp.; JSR Corp.; RAVAGO Manufacturing; Mitsui Chemicals; Kumho Polychem Co., Ltd.; Lyondellbasell Industries N.V.; Celanese Corp.; Mitsubishi Chemical

Report Highlights

 The automotive segment led the market and dominated for more than 59% share of the global revenue in 2020. The growing demand for lightweight and high-performance materials in the automotive industry is projected to boost the demand for thermoplastic vulcanizates (TPV) over the forecast period.

Apart from this, TPV’s are widely used for various fluid handling applications in several end-use industries, including building & construction and general industries, owing to their excellent seal and weathering resistance. They also offer superior durability, improved safety, better aesthetics, and greater energy efficiency.

North America dominated the market and dominated for over 34% share of global revenue in 2020. The maximum market share is attributed to strong product demand from the automobile industry as well as from other end-use industries, such as healthcare and consumer goods, in the region.

Europe is the second-largest regional market and is expected to hold its position over the forecast period. The rising demand for lightweight electric and hybrid vehicles along with the presence of major automotive manufacturers including AUDI AG, BMW AG, Mercedes-Benz AG, Jaguar Land Rover Limited, Aston Martin, Volkswagen, Volvo Car Corporation, FCA Italy S.p.A., Ferrari S.p.A., Automobili Lamborghini S.p.A., and Porsche Austria GmbH & Co. in the region is projected to result in the growth of the automotive industry.

Key Players

  • JSR Corporation
  • Exxon Mobil Corp.
  • RTP Company
  • DuPont de Nemours, Inc.
  • Mitsui Chemicals, Inc.
  • Celanese Corp.
  • LyondellBasell Industries Holdings B.V.
  • Mitsubishi Chemical Corp.
  • Ravago Manufacturing
  • KUMHO POLYCHEM

Market Segmentation

  • Application
    • Automotive
    • Fluid Handling
    • Consumer goods
    • Medical
    • Footwear
    • Others
  • Regional
    • North America
      • The U.S.
      • Canada
      • Mexico
    • Europe
      • Germany
      • The U.K.
      • France
      • Russia
    • Asia Pacific
      • China
      • India
      • Japan
      • Australia
      • South Korea
    • Central & South America
      • Brazil
      • Argentina
    • Middle East & Africa
      • Saudi Arabia
      • South Africa

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Reasons to Purchase this Report:– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Table of Contents

Chapter 1.  Introduction

1.1.  Research Objective

1.2.  Scope of the Study

1.3.  Definition

Chapter 2.  Research Methodology

2.1.  Research Approach

2.2.  Data Sources

2.3.  Assumptions & Limitations

Chapter 3.  Executive Summary

3.1.  Market Snapshot

Chapter 4.  Market Variables and Scope

4.1.  Introduction

4.2.  Market Classification and Scope

4.3.  Industry Value Chain Analysis

4.3.1.    Raw Material Procurement Analysis

4.3.2.    Sales and Distribution Channel Analysis

4.3.3.    Downstream Buyer Analysis

Chapter 5.  Market Dynamics Analysis and Trends

5.1.  Market Dynamics

5.1.1.    Market Drivers

5.1.2.    Market Restraints

5.1.3.    Market Opportunities

5.2.  Porter’s Five Forces Analysis

5.2.1.    Bargaining power of suppliers

5.2.2.    Bargaining power of buyers

5.2.3.    Threat of substitute

5.2.4.    Threat of new entrants

5.2.5.    Degree of competition

Chapter 6.  Competitive Landscape

6.1.1.    Company Market Share/Positioning Analysis

6.1.2.    Key Strategies Adopted by Players

6.1.3.    Vendor Landscape

6.1.3.1.        List of Suppliers

6.1.3.2.        List of Buyers

Chapter 7.  Global Thermoplastic Vulcanizates Market, By Application

7.1.  Thermoplastic Vulcanizates Market, by Application, 2020-2030

7.1.1.    Automotive

7.1.1.1.        Market Revenue and Forecast (2017-2030)

7.1.2.    Fluid Handling

7.1.2.1.        Market Revenue and Forecast (2017-2030)

7.1.3.    Consumer goods

7.1.3.1.        Market Revenue and Forecast (2017-2030)

7.1.4.    Medical

7.1.4.1.        Market Revenue and Forecast (2017-2030)

7.1.5.    Footwear

7.1.5.1.        Market Revenue and Forecast (2017-2030)

Chapter 8.  Global Thermoplastic Vulcanizates Market, Regional Estimates and Trend Forecast

8.1.  North America

8.1.1.    Market Revenue and Forecast, by Application (2017-2030)

8.1.2.    U.S.

8.1.3.    Rest of North America

8.1.3.1.        Market Revenue and Forecast, by Application (2017-2030)

8.2.  Europe

8.2.1.    Market Revenue and Forecast, by Application (2017-2030)

8.2.2.    UK

8.2.2.1.        Market Revenue and Forecast, by Application (2017-2030)

8.2.3.    France

8.2.3.1.        Market Revenue and Forecast, by Application (2017-2030)

8.2.4.    Rest of Europe

8.2.4.1.        Market Revenue and Forecast, by Application (2017-2030)

8.3.  APAC

8.3.1.    Market Revenue and Forecast, by Application (2017-2030)

8.3.2.    India

8.3.2.1.        Market Revenue and Forecast, by Application (2017-2030)

8.3.3.    China

8.3.3.1.        Market Revenue and Forecast, by Application (2017-2030)

8.3.4.    Japan

8.3.4.1.        Market Revenue and Forecast, by Application (2017-2030)

8.3.5.    Rest of APAC

8.3.5.1.        Market Revenue and Forecast, by Application (2017-2030)

8.4.  MEA

8.4.1.    Market Revenue and Forecast, by Application (2017-2030)

8.4.2.    GCC

8.4.2.1.        Market Revenue and Forecast, by Application (2017-2030)

8.4.3.    North Africa

8.4.3.1.        Market Revenue and Forecast, by Application (2017-2030)

8.4.4.    South Africa

8.4.4.1.        Market Revenue and Forecast, by Application (2017-2030)

8.4.5.    Rest of MEA

8.4.5.1.        Market Revenue and Forecast, by Application (2017-2030)

8.5.  Latin America

8.5.1.    Market Revenue and Forecast, by Application (2017-2030)

8.5.2.    Brazil

8.5.2.1.        Market Revenue and Forecast, by Application (2017-2030)

8.5.3.    Rest of LATAM

8.5.3.1.        Market Revenue and Forecast, by Application (2017-2030)

Chapter 9.    Company Profiles

9.1.  JSR Corporation

9.1.1.    Company Overview

9.1.2.    Product Offerings

9.1.3.    Financial Performance

9.1.4.    Recent Initiatives

9.2.  Exxon Mobil Corp.

9.2.1.    Company Overview

9.2.2.    Product Offerings

9.2.3.    Financial Performance

9.2.4.    Recent Initiatives

9.3.  RTP Company

9.3.1.    Company Overview

9.3.2.    Product Offerings

9.3.3.    Financial Performance

9.3.4.    Recent Initiatives

9.4.  DuPont de Nemours, Inc.

9.4.1.    Company Overview

9.4.2.    Product Offerings

9.4.3.    Financial Performance

9.4.4.    Recent Initiatives

9.5.  Mitsui Chemicals, Inc.

9.5.1.    Company Overview

9.5.2.    Product Offerings

9.5.3.    Financial Performance

9.5.4.    Recent Initiatives

9.6.  Celanese Corp.

9.6.1.    Company Overview

9.6.2.    Product Offerings

9.6.3.    Financial Performance

9.6.4.    Recent Initiatives

9.7.  LyondellBasell Industries Holdings B.V.

9.7.1.    Company Overview

9.7.2.    Product Offerings

9.7.3.    Financial Performance

9.7.4.    Recent Initiatives

9.8.  Mitsubishi Chemical Corp.

9.8.1.    Company Overview

9.8.2.    Product Offerings

9.8.3.    Financial Performance

9.8.4.    Recent Initiatives

9.9.  Ravago Manufacturing

9.9.1.    Company Overview

9.9.2.    Product Offerings

9.9.3.    Financial Performance

9.9.4.    Recent Initiatives

9.10.              KUMHO POLYCHEM

9.10.1.  Company Overview

9.10.2.  Product Offerings

9.10.3.  Financial Performance

9.10.4.  Recent Initiatives

Chapter 10.  Research Methodology

10.1.              Primary Research

10.2.              Secondary Research

10.3.              Assumptions

Chapter 11.  Appendix

11.1.              About Us

11.2.              Glossary of Terms

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