Global Thermoplastic Vulcanizates (TPV) Market Growth 2025-2031

Global Thermoplastic Vulcanizates (TPV) Market Growth 2025-2031

The global Thermoplastic Vulcanizates (TPV) market size is predicted to grow from US$ 1241 million in 2025 to US$ 1325 million in 2031; it is expected to grow at a CAGR of 1.1% from 2025 to 2031.

Thermoplastic vulcanizates (TPV) are part of the thermoplastic elastomer (TPE) family of polymers, but are closest in elastomeric properties to EPDM thermoset rubber, combining the characteristics of vulcanized rubber with the processing properties of thermoplastics. TPV is a dynamically vulcanized alloy consisting mostly of fully cured EPDM rubber particles encapsulated in a polypropylene (PP) matrix.

Global Thermoplastic Vulcanizates (TPV) key players include Celanese, Teknor Apex, Mitsui Chemicals and Dawn Polymer. Top four companies hold a share above 80%. In terms of product, EPDM/PP Blends TPV is the largest segment, with a share nearly 90%. And in terms of application, the largest channel is Automotive Components.

In China market, the key players of Thermoplastic Vulcanizates (TPV) include Dawn Polymer and Celanese, etc. The top two players hold a share about 35%. Dawn Polymer is the largest manufacturers of Thermoplastic Vulcanizates (TPV) in China, has a share about 30%.

LP Information, Inc. (LPI) ' newest research report, the “Thermoplastic Vulcanizates (TPV) Industry Forecast” looks at past sales and reviews total world Thermoplastic Vulcanizates (TPV) sales in 2024, providing a comprehensive analysis by region and market sector of projected Thermoplastic Vulcanizates (TPV) sales for 2025 through 2031. With Thermoplastic Vulcanizates (TPV) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Thermoplastic Vulcanizates (TPV) industry.

This Insight Report provides a comprehensive analysis of the global Thermoplastic Vulcanizates (TPV) 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 (TPV) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Thermoplastic Vulcanizates (TPV) market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Thermoplastic Vulcanizates (TPV) 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 (TPV).

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

Segmentation by Type:
EPDM/PP Blends
NBR/PP Blends
Nylon Based Blends
Others

Segmentation by Application:
Automotive Components
Building & Construction
Household Appliances
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 analysing the company's coverage, product portfolio, its market penetration.
Celanese
Teknor Apex
Mitsui Chemicals
Dawn Polymer
Elastron
Kumho Petrochemical Co., Ltd.
Top Polymer
DuPont de Nemours，Inc.
RTP Company
Mitsubishi Chemical
Nanjing Jinling Opta Polymer Co., Ltd.(JLOPTA)
Zylog ElastoComp
Zhejiang Wanma-Tech New Mateial Co.,Ltd.
NANTEX INDUSTRY CO., LTD.

Key Questions Addressed in this Report

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

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

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

How do Thermoplastic Vulcanizates (TPV) market opportunities vary by end market size?

How does Thermoplastic Vulcanizates (TPV) break out by Type, by Application?

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