Global Thermoplastic Vulcanizates Market

Thermoplastic Vulcanizates Market Size, Share, Growth Analysis, By Grade (Standard Grade, High-Performance Grade), By Processing Method (Injection Molding, Extrusion), By Region - Industry Forecast 2025-2032

Report ID: SQMIG15E2225 | Region: Global | Published Date: December, 2024
Pages: 184 | Tables: 61 | Figures: 75

Thermoplastic Vulcanizates Market News

  • In August 2023, Vikas Ecotech uncovered that it had secured significant orders. The company, in a regulatory filing, stated that it had received orders totaling over 1000 tons for specialized grades of Thermoplastic Elastomers, Thermoplastic Rubber, Thermoplastic Vulcanizates, Organotin heat stabilizers, and Flame-Retardant Aluminum Trihydrate compounds.
  • In November 2023, Mitsui Chemicals presented an eco-friendly variant of milastomer thermoplastic vulcanizate (TPV) that incorporates recycled polyolefin as a primary component. Samples of this new grade have already been dispatched to customers.
  • In April 2023, an article discussed the development of thermoplastic vulcanizates (TPVs) using polypropylene and ethylene propylene diene monomer (EPDM) for prototyping through Fused Filament Fabrication (FFF).
$3,500
BUY NOW GET FREE SAMPLE
Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

Global Thermoplastic Vulcanizates Market size was valued at USD 2.10 billion in 2022 and is poised to grow from USD 2.24 billion in 2023 to USD 3.80 billion by 2031, growing at a CAGR of 6.8% during the forecast period (2024-2031). 

The global thermoplastic vulcanizates (TPV) market is characterized by a diverse range of manufacturers and suppliers striving to gain a competitive edge. Market players focus on product innovation, research and development, and strategic partnerships to enhance their market presence. They aim to offer TPVs with improved performance, durability, and environmental sustainability. Additionally, companies emphasize expanding their distribution networks and strengthening customer relationships to cater to the growing demand for TPVs across various industries. The competitive landscape is driven by the pursuit of technological advancements and meeting customer requirements for lightweight, flexible, and high-quality TPV solutions. 'ExxonMobil Corporation ', 'Mitsubishi Chemical Holdings Corporation ', 'BASF SE ', 'Dow Inc. ', 'Arkema S.A. ', 'Asahi Kasei Corporation ', 'SABIC ', 'Kraton Corporation ', 'RTP Company ', 'Ravago Manufacturing ', 'Celanese Corporation ', 'Trinseo S.A. ', 'LyondellBasell Industries N.V. ', 'Covestro AG ', 'PolyOne Corporation ', 'Teknor Apex Company ', 'Zeon Corporation ', 'Sumitomo Chemical Co., Ltd. ', 'Tosoh Corporation '

One significant driver propelling the growth of the global thermoplastic vulcanizates (TPV) market is the increasing demand for lightweight and fuel-efficient vehicles. With the growing emphasis on environmental sustainability and stricter regulations on carbon emissions, automotive manufacturers are actively seeking alternative materials like TPVs. TPVs offer excellent flexibility, durability, and resistance to heat, fluids, and chemicals, making them ideal for producing lightweight automobile parts. This shift towards lightweight materials in the automotive industry is expected to drive the demand for TPVs and foster market growth.

One key market trend in the thermoplastic vulcanizates (TPV) industry is the increasing adoption of TPVs in the medical and healthcare sector. TPVs offer excellent chemical resistance, flexibility, and durability, making them suitable for medical applications such as fluid handling systems, tubing, and seals. With a growing focus on safety, hygiene, and the demand for reliable medical devices, TPVs are being preferred over traditional materials. This trend is driven by the need for lightweight, recyclable, and cost-effective solutions that comply with stringent regulatory requirements in the medical field.

North America dominated the global thermoplastic vulcanizates (TPV) market. The stringent regulations imposed by government agencies such as the Environmental Protection Agency (EPA) and the National Highway Traffic Safety Administration (NHTSA) regarding carbon emissions and vehicle safety have compelled automotive manufacturers to seek alternative materials like TPV. Additionally, the strong presence of key market players in the region, along with their focus on research and development activities, has contributed to the growth of the TPV market in North America. The region also benefits from the increasing demand for lightweight and fuel-efficient vehicles, as TPVs are widely used in automotive applications.

Request Free Customization

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

Click here right-arrow
logo-images

Related Reports

Thermoplastic Polyolefin Market
Buy Now GET FREE SAMPLE
Thermoplastic Elastomer Market
Buy Now GET FREE SAMPLE
Synthetic Rubber Market
Buy Now GET FREE SAMPLE
High Density Polyethylene (HDPE) Resins Market
Buy Now GET FREE SAMPLE
Metallocene Polyethylene Market
Buy Now GET FREE SAMPLE
Thermally Conductive Plastics Market
Buy Now GET FREE SAMPLE
Thermal Ceramics Market
Buy Now GET FREE SAMPLE
Bioplastics Market
Buy Now GET FREE SAMPLE

Feedback From Our Clients

Global Thermoplastic Vulcanizates Market

Report ID: SQMIG15E2225

$3,500
BUY NOW GET FREE SAMPLE