Global Thermoplastic Vulcanizates Market Growth 2023-2029

Global Thermoplastic Vulcanizates Market Growth 2023-2029

Thermoplastic vulcanizates (TPVs) are a diverse class of thermoplastic elastomers (TPEs), which have a high content of cross-linked rubber and low content of thermoplastics. TPVs possess the combined properties of high elasticity and high processability and recyclability, thus outperforming conventional rubber.

LPI (LP Information)' newest research report, the “Thermoplastic Vulcanizates Industry Forecast” looks at past sales and reviews total world Thermoplastic Vulcanizates sales in 2022, providing a comprehensive analysis by region and market sector of projected Thermoplastic Vulcanizates sales for 2023 through 2029. With Thermoplastic Vulcanizates sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Thermoplastic Vulcanizates industry.

This Insight Report provides a comprehensive analysis of the global Thermoplastic Vulcanizates landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Thermoplastic Vulcanizates portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Thermoplastic Vulcanizates market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Thermoplastic Vulcanizates and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Thermoplastic Vulcanizates.

The global Thermoplastic Vulcanizates market size is projected to grow from US$ 1792.7 million in 2022 to US$ 2735.7 million in 2029; it is expected to grow at a CAGR of 2735.7 from 2023 to 2029.

The growing demand for thermoplastic vulcanizate as a replacement for PVC in the healthcare segment is one of the vital factors projected to fuel the growth of the global market in the next few years. Some of the unique characteristics provided by thermoplastic vulcanizate such as low drug absorption, environment-friendliness, optical clarity, and toughness have resulted in significant rise in the demand for thermoplastic vulcanizate for manufacturing catheters, blood bags, and disposable gloves. Additionally, the growing focus on research and development activities is predicted to stimulate the growth of the market in the near future.

This report presents a comprehensive overview, market shares, and growth opportunities of Thermoplastic Vulcanizates market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
EPDM/PP Blends
NR/PP Blends
Others

Segmentation by application
Automobile Industry
Industrial
Electronic Appliances
Building & Construction
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
ExxonMobil Chemical
Teknor Apex
Mitsui Chemicals
RTP Company
Mitsubishi Chemical
Zeon

Key Questions Addressed in this Report

What is the 10-year outlook for the global Thermoplastic Vulcanizates market?

What factors are driving Thermoplastic Vulcanizates market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Thermoplastic Vulcanizates market opportunities vary by end market size?

How does Thermoplastic Vulcanizates break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.