Thermoplastic Vulcanizates (TPV) Market Forecast, Trend Analysis & Competition Tracking - Global Market insights 2018 to 2027

Published on : Apr-2019 | List of Tables : 57 | List of Figures : 45 | No. of Pages : 170 | Report Code : FACT3478MR |

In Brief

  • The thermoplastic vulcanizates market grew at over 5% in 2018. Growing trend of replacing metals with lightweight engineering plastics, such as thermoplastic vulcanizates, across various end-use verticals is driving growth.
  • Use of thermoplastic vulcanizates (TVPs) for automotive exterior applications is likely to gain an uptick during the forecast period. Ranging from weather seals to glass run channels, thermoplastic vulcanizates are used in various automotive exterior parts for aesthetic, functional, and performance benefits.
  • North America will continue to be the leading market for thermoplastic vulcanizates, given that the United States continues to be one of the largest consumers of thermoplastic vulcanizates globally.
  • East Asia is poised to emerge as one of the high-growth markets for thermoplastic vulcanizates, with China being one of the major consumers of TVPs, followed by South Korea. Gains in these flourishing East Asian nations will be further underpinned by drastic makeover of the regional industrial paradigms that will sustain high demand for high-quality engineering plastics.
thermoplastic vulcanizates market snapshot

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What are the Key Growth Drivers of Thermoplastic Vulcanizates Market?

  • Demand for thermoplastic elastomers (TPE) is on a significant rise, owing to growing use across automotive, fluid handling, consumer goods, and medical applications. Thermoplastic vulcanizates are estimated to emerge as one of the highly-desired TPE products through 2027, thereby driving thermoplastic vulcanizates market.
  • Ever-increasing demand for lightweight materials with superlative properties, notably from industries like automotive, is fuelling investments in thermoplastic vulcanizates market.
  • Rising government initiatives to promote usage of engineering plastics across various end-use industries is creating favorable grounds for adoption of thermoplastic vulcanizates, thereby propelling growth of thermoplastic vulcanizates market.

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What are the Key Challenges Faced by Stakeholders of Thermoplastic Vulcanizates Market?

  • End-user inclination toward use of styrenic block copolymer, a high-performance thermoplastic elastomer type, is on an upswing on account of its optimal performance in pressure-sensitive applications. This, in turn, is likely to create significant challenges for the stakeholders of thermoplastic vulcanizates market.
  • Poor wear resistance of thermoplastic vulcanizates (TVPs) after repeated usage continues to be one of the key drawbacks hampering their adoption. This, in turn, is exerting high pressures on manufacturers to offer wear-resistant thermoplastic vulcanizates with enhanced shelf-life.
global_thermoplastic_vulcanizates_market_analysis_by_application

Thermoplastic Vulcanizates Market – Competitive Landscape

  • In 2019, ExxonMobil Corporation - a leading player in the thermoplastics vulcanizates market - inaugurated a 90,000 tonne/year resins plant and 140,000 tonne/year butyl plant in Singapore. This move was aimed at serving the increasing needs of Asian end-users which, in turn, will help the company to scale up its expansion across the key Asian countries. These two new production facilities will preeminently cater to Asia, wherein a burgeoning middle-class population is sustaining the demand for specialty products.
  • In 2018, DuPont - a leading player in the thermoplastic vulcanizates market - made an official announcement that it is going to make an investment of over $80 million for establishment of a new manufacturing unit in East China. This new manufacturing unit will be responsible for production of compounded and high-end engineering plastics & adhesives to cater to needs of multiple end-use verticals, such as electronics, transportation, and others. This planned manufacturing site is estimated to be fully operational in 2020. DuPont and the government officials of Zhangjiagang in East China signed this strategic deal at a grand ceremony held in Shanghai at the popular China International Import Expo (CIIE).
  • In 2017, Mitsui Chemicals, Inc. - a key player in the thermoplastic vulcanizates market – made an official announcement of acquiring the business of thermoplastic styrene elastomers of Asahi Kasei Corp.'s Sunvieo. Utilized primarily for automotive applications, thermoplastic elastomers are being adopted as a viable alternative of polyvinyl chloride and vulcanized rubber. This new product launch will help the company tap into a wider customer base and attain long-term profitability.
global_thermoplastic_vulcanizates_market_company_share_analysis

Celanese Corporation

Brand: Forprene

Founded in 1918, Celanese Corporation has its official headquarters in Irving, Texas. The company manufactures and commercializes thermoplastic vulcanizates for applications such as automotive, consumer applications, construction, and others. The company offers a broad portfolio of products with robust R&D capabilities to cater to the ever-evolving consumer needs & preferences.

Mitsubishi Chemical Corporation

Brand: Trexprene

Founded in 1934, Mitsubishi Chemical Corporation is one of the leading manufacturers of thermoplastic vulcanizates for use across home appliances and automotive applications. As one of the chief subsidiaries of Mitsubishi Chemical Holdings Corporation, the company extensively focuses on R&D to come up with new technologies to cater to the diverse demands of various end-use industries.

Lanxess

Brand: Tepex

Founded in 2004, Lanxess Aktiengesellschaft is a specialty chemicals company that has its corporate headquarters in Cologne, Germany. The company was founded through the spin-off of chemicals division along with parts of the polymer’s business of Bayer AG.

Ravago SA

Brand: EZPrene

Founded in 1961, Ravago SA is a company producing high-quality plastics and its corporate headquarters are located in Luxembourg, Europe. The company is predominantly active in the space of building materials, polymer & chemical distribution, and recycling & compounding of elastomeric and plastic raw materials.

Solvay S.A.

Founded in 1863, Solvay S.A. is a Belgium-based chemical company and has its corporate headquarters in Neder-Over-Heembeek, Brussels, Belgium. Solvay is well-known for developing advanced materials & specialty chemicals according to the needs & specifications of every industry. Solvay assists its customers in terms of finding and implementing responsible and value-added solutions best-suited to their needs.

Other players profiled in the thermoplastic vulcanizates market report are Exxon Mobil Corporation (Santoprene), Mitsui Chemicals, Inc., (MILASTOMER), Teknor Apex (Sarlink), Celanese Corporation (Forprene), Kraton Polymers (Kraton G), DuPont (DuPont ETPV), Alfagomma (Alfater XL)

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Thermoplastic Vulcanizates Market- Additional Insight

Thermoplastic Vulcanizates Market- End Users Turn to Super-TPVs to Replace High-Cost Thermoset Rubbers

Novel developments in the thermoplastic vulcanizates market space are opening up new scope for large-scale adoption of thermoplastic vulcanizates in challenging industrial applications. One of such promising developments is the ‘super thermoplastic vulcanizates (super-TPVs)’, which are being increasingly embraced by the industrial operators to replace high-cost thermoset rubbers.

Introduction of super thermoplastic vulcanizates has paved new opportunities for adoption of thermoplastic vulcanizates in highly demanding and challenging applications, such as automotive under-the-hood applications. In addition, super TVPs are also being used for appliance and industrial components that are subjected to unusually high temperature requirements, given that super TVPs offer unbeatable heat resistance in comparison to the conventional variants.

Scope of the Report

global thermoplastic vulcanizates market research scope

Thermoplastic Vulcanizates Market – Research Methodology

The Fact.MR research study on thermoplastic vulcanizates market offers industry-best intelligence and insights into the global thermoplastic vulcanizates market forecast. The report on thermoplastic vulcanizates market gives an all-inclusive analysis of the thermoplastic vulcanizates market and its growth potential over the forecast period, including a detailed segmentation. The research study on thermoplastic vulcanizates market is a result of extensive research methodology, comprising of a primary phase and a secondary phase.

Request Methodology of this Report.

Thermoplastic Vulcanizates Market – Research Methodology

This research report on thermoplastic vulcanizates market is a diligent compilation of data garnered from independent primary and secondary research phases. Secondary research in the thermoplastic vulcanizates market report usually revolves around in-depth analysis of credible resources, which include newspapers, journals, trade magazines, paid data sources, and others. Primary research for thermoplastic vulcanizates market report is all about interaction with industry experts, which gives the report an edge in terms of credibility.

Chapter 1- Executive Summary

This chapter in the thermoplastic vulcanizates market report gives a brief introduction to the market, wherein a quick definition of the product ‘thermoplastic vulcanizates’ is also discussed. In addition, this chapter also gives the demand side trends of the thermoplastic vulcanizates market and offers a detailed opportunity assessment for the aspiring players to take a note of.

Chapter 2- Market Overview

This chapter in the thermoplastic vulcanizates market report gives a quick introduction to the thermoplastic vulcanizates market taxonomy, wherein classification of the thermoplastic vulcanizates market into various segments is discussed.

Chapter 3- Market Background

This chapter in the thermoplastic vulcanizates market report gives a quick view of the global economic outlook along with brief outlooks of all the end-use industries involved in the thermoplastic vulcanizates market. Moreover, this chapter also talks about market dynamics of thermoplastic vulcanizates market, wherein the key trends, opportunities, challenges, and drivers are talked about.

Chapter 4- Pricing Analysis

This chapter in the thermoplastic vulcanizates market report gives a regional pricing analysis framework along with a detailed pricing break-up for better understanding of users. Also, this chapter talks about an average pricing analysis benchmark of the thermoplastic vulcanizates market for the readers to take into utmost consideration.  

Chapter 5- Global Thermoplastic Vulcanizates Market Analysis and Forecast

This chapter in the thermoplastic vulcanizates market report offers a deep-dive into the analysis of market size and forecast of thermoplastic vulcanizates market on the basis of application.

Chapter 6- North America Thermoplastic Vulcanizates Market Size and Forecast

This chapter in the thermoplastic vulcanizates market report briefs about the North American thermoplastic vulcanizates market, across key countries such as the US and Canada. In addition, this chapter in the thermoplastic vulcanizates market also offers insights into dynamics influencing the regional market growth.

Chapter 7- Latin America Thermoplastic Vulcanizates Market Size and Forecast

This chapter in the thermoplastic vulcanizates market report gives incisive insights into the Latin American thermoplastic vulcanizates market and also offers a deep dive into the dynamics having far-reached impact on the regional market growth.

Chapter 8- Europe Thermoplastic Vulcanizates Market Size and Forecast

This chapter in the thermoplastic vulcanizates market report offers a clear picture of the European thermoplastic vulcanizates market, focusing on demand scenario across the key EU5 countries. Also, this chapter in the thermoplastic vulcanizates market report gives you a detailed view of the trends impacting the regional market growth.

Chapter 9- East Asia Thermoplastic Vulcanizates Market Size and Forecast

This chapter in the thermoplastic vulcanizates market report gives a detailed breakdown of thermoplastic vulcanizates market. Also, this chapter gives details about regional drivers boosting the regional market growth.

Chapter 10- South Asia Thermoplastic Vulcanizates Market Size and Forecast

This chapter in the thermoplastic vulcanizates market report gives a clear picture of growth of thermoplastic vulcanizates market across the South Asian countries along with regional dynamics shaping growth of the market.

Chapter 11- Oceania Thermoplastic Vulcanizates Market Size and Forecast

This chapter in the thermoplastic vulcanizates market report gives an unbiased view of the Oceania thermoplastic vulcanizates market growth and regional factors boosting market growth.

Chapter 12- MEA Thermoplastic Vulcanizates Market Size and Forecast

This chapter in the thermoplastic vulcanizates market report gives an all-inclusive analysis of MEA thermoplastic vulcanizates market, primarily the demand scenario across GCC countries.

Chapter 13- Competition Landscape and Company Profiles

This chapter in the thermoplastic vulcanizates market report gives an overall analysis of the competition dashboard along with key profiles of the industry players, wherein factors like revenue footprint, key focus areas, regional analysis, and others are discussed in detail.

1. Global Thermoplastic Vulcanizates Market - Executive Summary
       1.1. Global Market Outlook
       1.2. Demand Side Trends
       1.3. Opportunity Assessment
       1.4. Fact.MR Analysis and Recommendations

2. Global Thermoplastic Vulcanizates Market Overview
       2.1. Introduction
             2.1.1. Global Thermoplastic Vulcanizates Market Taxonomy
             2.1.2.  Global Thermoplastic Vulcanizates Market Definition
       2.2. Global Thermoplastic Vulcanizates Market Size (US$ Mn & Volume) and Forecast, 2013-2027
             2.2.1.  Global Thermoplastic Vulcanizates Market Y-o-Y Growth

3. Market Background
       3.1. Global Economic Outlook
       3.2. Global Automotive Sector Outlook
             3.2.1. Global Automotive Production Statistics
             3.2.2. Global Automotive Sales Statistics
             3.2.3. Global Vehicle Parc (Fleet on Road) Statistics
       3.3. Global Construction Sector Outlook
       3.4. Global Medical & Healthcare Sector Outlook
       3.5. Global Thermoplastic Elastomers Market Outlook
       3.6. Global EPDM Market Outlook
       3.7. Global Thermoplastic Vulcanizates Market Dynamics
             3.7.1. Market Drivers
             3.7.2. Market Restraints
             3.7.3. Market Opportunities
       3.8. Supply Chain Analysis
             3.8.1. List of Raw Material Suppliers
             3.8.2. List of Key Manufacturers
             3.8.3. List of End-users
             3.8.4. Operating Margins 

4. Pricing Analysis
       4.1. Regional Pricing Analysis
       4.2. Pricing Break-up
       4.3. Global Average Pricing Analysis Benchmark

5. Global Thermoplastic Vulcanizates Market Analysis and Forecast 2013-2027
       5.1. Global Thermoplastic Vulcanizates Market Size and Forecast By, 2013-2027
             5.1.1. Automotive Market Size and Forecast, 2013-2027
                    5.1.1.1. Revenue (US$ Mn) & Volume Comparison, By Region
                    5.1.1.2. Market Share Comparison, By Region
                    5.1.1.3. Y-o-Y growth Comparison, By Region
             5.1.2. Building & Construction Market Size and Forecast, 2013-2027
                    5.1.2.1. Revenue (US$ Mn) & Volume Comparison, By Region
                    5.1.2.2. Market Share Comparison, By Region
                    5.1.2.3. Y-o-Y growth Comparison, By Region
             5.1.3. Consumer Goods Market Size and Forecast, 2013-2027
                    5.1.3.1.  Revenue (US$ Mn) & Volume Comparison, By Region
                    5.1.3.2. Market Share Comparison, By Region
                    5.1.3.3. Y-o-Y growth Comparison, By Region
             5.1.4.  Medical & Healthcare Market Size and Forecast, 2013-2027
                    5.1.4.1.  Revenue (US$ Mn) & Volume Comparison, By Region
                    5.1.4.2. Market Share Comparison, By Region
                    5.1.4.3. Y-o-Y growth Comparison, By Region
             5.1.5. House Hose/Tubing Market Size and Forecast, 2013-2027
                    5.1.5.1.  Revenue (US$ Mn) & Volume Comparison, By Region
                    5.1.5.2. Market Share Comparison, By Region
                    5.1.5.3. Y-o-Y growth Comparison, By Region
             5.1.6. Others Market Size and Forecast, 2013-2027
                    5.1.6.1.  Revenue (US$ Mn) & Volume Comparison, By Region
                    5.1.6.2. Market Share Comparison, By Region
             5.1.7. Y-o-Y growth Comparison, By Region

6. North America Thermoplastic Vulcanizates Market Size and Forecast, 2013-2027
       6.1. Revenue (US$ Mn) & Volume Comparison, By Country  
             6.1.1. US Market Value & Volume Analysis
             6.1.2. Canada Market Value & Volume Analysis
       6.2. Revenue (US$ Mn) & Volume Comparison, By Application 

7. Latin America Thermoplastic Vulcanizates Market Size and Forecast, 2013-2027
       7.1. Revenue (US$ Mn) & Volume Comparison, By Country 
             7.1.1. Brazil Market Value & Volume Analysis
             7.1.2. Mexico Market Value & Volume Analysis
             7.1.3. Rest of LATAM Market Value & Volume Analysis
       7.2. Revenue (US$ Mn) & Volume Comparison, By Application 

8. Europe Thermoplastic Vulcanizates Market Size and Forecast, 2013-2028
       8.1. Revenue (US$ Mn) & Volume Comparison, By Country 
             8.1.1. Germany Market Value & Volume Analysis
             8.1.2. Italy Market Value & Volume Analysis
             8.1.3. France Market Value & Volume Analysis
             8.1.4. UK Market Value & Volume Analysis
             8.1.5. Spain Market Value & Volume Analysis
             8.1.6. Rest of Europe Market Value & Volume Analysis
       8.2. Revenue (US$ Mn) & Volume Comparison, By Application 

9. East Asia Thermoplastic Vulcanizates Market Size and Forecast, 2013-2028
       9.1. Revenue (US$ Mn) & Volume Comparison, By Country 
             9.1.1. China Market Value & Volume Analysis
             9.1.2. Japan Market Value & Volume Analysis
             9.1.3. South Korea Market Value & Volume Analysis
       9.2. Revenue (US$ Mn) & Volume Comparison, By Application 

10. South Asia Thermoplastic Vulcanizates Market Size and Forecast, 2013-2028
       10.1. Revenue (US$ Mn) & Volume Comparison, By Country 
             10.1.1. India Market Value & Volume Analysis
             10.1.2. Thailand Market Value & Volume Analysis
             10.1.3. Malaysia Market Value & Volume Analysis
             10.1.4. Rest of South Asia Market Value & Volume Analysis

11. Revenue (US$ Mn) & Volume Comparison, By Application

12. Oceania Thermoplastic Vulcanizates Market Size and Forecast, 2013-2028
       12.1. Revenue (US$ Mn) & Volume Comparison, By Country 
             12.1.1. Australia Market Value & Volume Analysis
             12.1.2. New Zealand Market Value & Volume Analysis
       12.2. Revenue (US$ Mn) & Volume Comparison, By Application

13. MEA Thermoplastic Vulcanizates Market Size and Forecast, 2013-2028
       13.1. Revenue (US$ Mn) & Volume Comparison, By Country 
             13.1.1. GCC Countries Market Value & Volume Analysis
             13.1.2. Turkey Market Value & Volume Analysis
             13.1.3. Northern Africa Market Value & Volume Analysis
             13.1.4. South Africa Market Value & Volume Analysis
             13.1.5. Rest of MEA Market Value & Volume Analysis
       13.2. Revenue (US$ Mn) & Volume Comparison, By Application 

14. Emerging Countries Thermoplastic Vulcanizates Market Analysis 2013-2028
       14.1. China Thermoplastic Vulcanizates Market Analysis
             14.1.1. Introduction
                    14.1.1.1. China Economic Outlook
                    14.1.1.2. China Business Outlook 
             14.1.2. Market Volume (kilo tons) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy
                    14.1.2.1. Automotive
                             14.1.2.1.1. Interior
                             14.1.2.1.2. Exterior
                             14.1.2.1.3. Under the Hood
                    14.1.2.2. Building & Construction
                    14.1.2.3. Consumer Goods
                    14.1.2.4. Medical & Healthcare
                    14.1.2.5. House Hose/Tubing
                    14.1.2.6. Others
             14.1.3. List of Key Suppliers and Distributors in Thermoplastic Vulcanizates Market
       14.2. India Thermoplastic Vulcanizates Market Analysis
             14.2.1. Introduction
                    14.2.1.1. India Economic Outlook
                    14.2.1.2. India Business Outlook 
             14.2.2. Market Volume (kilo tons) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy
                    14.2.2.1. Automotive
                             14.2.2.1.1. Interior
                             14.2.2.1.2. Exterior
                             14.2.2.1.3. Under the Hood
                    14.2.2.2. Building & Construction
                    14.2.2.3. Consumer Goods
                    14.2.2.4. Medical & Healthcare
                    14.2.2.5. House Hose/Tubing
                    14.2.2.6. Others
             14.2.3. List of Key Suppliers and Distributors in Thermoplastic Vulcanizates Market
       14.3. Mexico Thermoplastic Vulcanizates Market Analysis
             14.3.1. Introduction
                    14.3.1.1. Mexico Economic Outlook
                    14.3.1.2. Mexico Business Outlook 
             14.3.2. Market Volume (kilo tons) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy
                    14.3.2.1. Automotive
                             14.3.2.1.1. Interior
                             14.3.2.1.2. Exterior
                             14.3.2.1.3. Under the Hood
                    14.3.2.2. Building & Construction
                    14.3.2.3. Consumer Goods
                    14.3.2.4. Medical & Healthcare
                    14.3.2.5. House Hose/Tubing
                    14.3.2.6. Others
             14.3.3. List of Key Suppliers and Distributors in Thermoplastic Vulcanizates Market

15. Competition Landscape and Company Profiles
       15.1. Global Thermoplastic Vulcanizates Market- a Dashboard View
       15.2. Global Thermoplastic Vulcanizates Market Structure
       15.3. Global Thermoplastic Vulcanizates Market- Company Share Analysis 
       15.4. Company Profiles
             15.4.1. ExxonMobil Corporation.
             15.4.2. Mitsui Chemicals, Inc.
             15.4.3. LyondellBasell
             15.4.4. Teknor Apex
             15.4.5. Mitsubishi Chemical Corporation
             15.4.6. Celanese Corporation
             15.4.7. LANXESS AG
             15.4.8. Kraton Polymers
             15.4.9. DowDuPont
             15.4.10. Ravago SA
             15.4.11. Alfagomma S.p.A.

16. Research Methodology

17. Secondary and Primary Sources

18. Assumptions and Acronyms

19. Disclaimer

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Thermoplastic Vulcanizates (TPV) Market Forecast, Trend Analysis & Competition Tracking - Global Market insights 2018 to 2027