About Thermoplastic Vulcanizates (TPV)
Thermoplastic Vulcanizates (TPVs) are a type of thermoplastic elastomer (TPE) that combine the properties of vulcanized rubber with the processing ease of thermoplastics. TPVs are composed of a blend of a thermoplastic matrix, usually a polypropylene (PP) or ethylene propylene diene monomer (EPDM), and a vulcanized elastomer, usually a diene rubber such as ethylene-propylene-diene-monomer (EPDM) or nitrile-butadiene rubber (NBR). During processing, the thermoplastic matrix is melted and the vulcanized elastomer is dispersed within it, forming a thermoplastic elastomer with excellent elasticity, flexibility, and resilience. TPVs can be processed using conventional thermoplastic processing techniques, such as injection molding, extrusion, and blow molding. TPVs have a wide range of applications due to their unique combination of properties, including high tensile strength, good chemical resistance, and excellent weather ability.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Competition among existing players is due to the stiff market share occupied by leading players. The industry leader is engaged in offering innovative and superior-quality products to cater to the ever-growing demand for Thermoplastic Vulcanizates. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Thermoplastic Vulcanizates (TPV) market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Avient Corporation (United States), Mitsubishi Chemical Corporation (Japan), JSR America, Inc.(United States), ZEON CORPORATION (Japan), Exxon Mobil Corporation. (United States), DuPont (United States), Teknor Apex (United States), KRAIBURG TPE GmbH & Co. KG (Germany), RTP Company (United States) and LCY GROUP (Taiwan) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are GLS Thermoplastic Elastomers (United States).
Segmentation Overview
AMA Research has segmented the market of Global Thermoplastic Vulcanizates (TPV) market by Type (EPDM/PP Blends, NR/PP Blends and Others), Application (Automotive parts, Construction seals, Wire and cable insulation, Consumer goods, Medical devices and Others) and Region.
On the basis of geography, the market of Thermoplastic Vulcanizates (TPV) has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
If we see Market by , the sub-segment i.e. will boost the Thermoplastic Vulcanizates (TPV) market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.Influencing Trend:
Growing adoption of over-molding technology in the manufacturing of TPV-based products for enhanced functionality and aesthetics.
Market Growth Drivers:
Growing demand for TPVs in the construction industry due to their high resistance to weathering and UV radiation
Challenges:
High production costs of TPVs compared to other thermoplastic materials
Restraints:
Fluctuations in the global economy may impact demand for TPVs.
Opportunities:
Increasing adoption of TPVs in the packaging industry due to their ability to improve seal integrity and reduce packaging waste
Market Leaders and their expansionary development strategies
In June 2021, Celanese Corporation, a global chemical and specialty materials company, announced the signing of a definitive agreement to acquire the Santoprene TPV elastomers business of Exxon Mobil Corporation.
In July 2019, ExxonMobil Corporation, a market leader in thermoplastic vulcanizates, established its 90,000-tonne-per-year resins facility and a 140,000-tonne-per-year butyl plant in Singapore.
Key Target Audience
Thermoplastic Vulcanizates Manufacturers Suppliers and Distributors, Venture Capitalists and Private Equity Firms, New Entrants/Investors, Strategic Business Planners, Government Regulatory, Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.