Thermoplastic Vulcanizate Industry Analysis in Europe

Study on Thermoplastic Vulcanizates in Europe by Natural, Standard Black, and Pre-Colored Grade for Automotive, Construction, Consumer Goods, Electronics, and Healthcare from 2024 to 2034

Analysis of Thermoplastic Vulcanizate Industry Covering Countries Includes Analysis of Germany, France, Italy, Spain, United Kingdom, BENELUX, Russia, and Rest of Europe

Thermoplastic Vulcanizate Sales Outlook for Europe (2024 to 2034)

A newly published industry analysis by Fact.MR reveals that demand for thermoplastic vulcanizates (TPVs) in Europe is poised to reach a market value of US$ 511.3 million in 2024 and further rise at a 4.6% CAGR to end up at US$ 801 million by 2034.

Thermoplastic vulcanizates are used extensively in the automotive industry owing to their excellent weatherability, chemical resistance, and heat resistance. Demand for TPVs is projected to increase in Europe as the region is one of the prominent hubs for manufacturing automobiles. They are used in numerous automotive parts, including hoses, under-the-roof components, weather-stripping, gaskets, and seals. Implementation of stringent regulations for automotive standards, environmental sustainability, and safety standards is projected to lead to the consumption of thermoplastic vulcanizates. They can match set regulatory requirements for materials utilized in different industries.

Growing applications of thermoplastic vulcanizates in numerous consumer goods, including footwear, household appliances, electronics, and sporting goods, is projected to contribute to market expansion. TPVs also find use in several construction applications, such as window seals, gaskets, and roofing membranes owing to their resistance to chemicals and durability. Thus, the rising demand for TPVs is driven by infrastructure development activities in the region.

Report Attributes Details
Thermoplastic Vulcanizate Sales in Europe (2024E) US$ 511.3 Million
Projected Sales (2034F) US$ 801 Million
Demand Growth (2024 to 2034) 4.6% CAGR
Sales in United Kingdom (2024E) US$ 70.6 Million
Sales in Germany (2034F) US$ 125 Million
Demand Growth for Natural Grade Thermoplastic Vulcanizates (2024 to 2034) 5% CAGR
Market Share of Automotive Sector (2024E) >52%
Key Companies Profiled
  • Kraiburg TPE GmbH & Co., KG
  • Hexpol TPE
  • Teknor Apex Company
  • DuPont de Nemours, Inc.
  • Elastron

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What’s Contributing to Increased Demand for Thermoplastic Vulcanizates in Europe?

“Rising Use of Thermoplastic Vulcanizates in Automotive Industry”

Growing demand for thermoplastic vulcanizates in the automotive sector is attributed to their exceptional material properties. They exhibit chemical resistance, weatherability, and heat resistance, making them ideal for enduring harsh conditions encountered in automotive environments. TPVs maintain their structural integrity whether exposure to UV radiation, contact with numerous fluids and chemicals, and facing extreme temperatures. They maintain their structural integrity and ensure a reliable and lasting performance.

Presence of some of the prominent automotive giants and various assembly plants in the continent is projected to increase demand for versatile and high-quality materials, such as thermoplastic vulcanizates. Automotive manufacturers are looking for materials to match stringent regulatory standards. They are also forecasted to offer ease of processing and cost-effectiveness.

Country-wise Insights

Why is Germany a Key Market for Thermoplastic Vulcanizates?

“Focus on Versatility and Improved Performance of Thermoplastic Vulcanizates”

Attribute Germany
Market Value (2024E) US$ 77.5 Million
Growth Rate (2024 to 2034) 4.9% CAGR
Projected Value (2034F) US$ 125 Million

Thermoplastic vulcanizates provide a combination of properties of elastomers and thermoplastics. They offer durability, chemical resistance, and flexibility, which make them more suitable for applications in numerous industries, including construction, healthcare, consumer goods, and automotive. In addition, the implementation of stringent regulations, especially in the automotive sector is forecasted to favor the adoption of thermoplastic vulcanizates. Their compliance with environmental standards and recyclability is estimated to help manufacturers meet sustainability targets.

Why is Russia Emerging as An Attractive Markets in Europe?

“Constant Industrial Growth and Infrastructure Development”

Attribute Russia
Market Value (2024E) US$ 107.1 Million
Growth Rate (2024 to 2034) 4.5% CAGR
Projected Value (2034F) US$ 166.5 Million

Russia has been experiencing growth in numerous industrial sectors, including construction, consumer goods, and automotive. Thermoplastic vulcanizates find application in these industries due to their durability, resistance to harsh environmental conditions, and versatility. With the expansion of these industries, an increase in the demand for TPVs is also experienced. Moreover, ongoing infrastructure projects in Russia are forecasted to increase demand for high-performance materials, such as thermoplastic vulcanizates, to withstand adverse environmental conditions.

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Category-wise Insights

Why is Extrusion Molding Widely Used for Processing Thermoplastic Vulcanizates?

“Constantly Increasing Demand for Lightweight Materials”

Attribute Extrusion Molding
Segment Value (2024E) US$ 198.2 Million
Growth Rate (2024 to 2034) 4.7% CAGR
Projected Value (2034F) US$ 314 Million

Demand for thermoplastic vulcanizates manufactured from the extrusion molding method is projected to increase more owing to their properties of being lightweight yet durable. Therefore, they are becoming more popular among end users from different industries where weight reduction is desired, such as aerospace and automotive. Further, the growing emphasis on sustainability and fuel efficiency is projected to increase demand for lightweight materials, including TPVs.

Which Application Accounts for High Consumption of Thermoplastic Vulcanizates?

“Growing Adoption of Thermoplastic Vulcanizates in Automotive Sector for Aesthetic and Functional Benefits”

Attribute Automotive
Segment Value (2024E) US$ 266.1 Million
Growth Rate (2024 to 2034) 5.3% CAGR
Projected Value (2034F) US$ 446 Million

Thermoplastic vulcanizates are estimated to get an uptick in the automotive sector owing to their use in multiple automotive exterior parts for aesthetic, functional, and performance benefits. Effective heat and chemical resistance, good elasticity, and high durability of thermoplastic vulcanizates are contributing to their popularity. They are recyclable and lightweight. Further, the growing use of TPVs in the production of numerous automobile parts, such as panel hole plugs, gaskets, air inlet duct covers, vibration dampeners, headlamp seals, etc. is anticipated to widen the scope for suppliers in the European region.

Competition Landscape

Fact.MR, a market research and competitive intelligence provider, through its newly published study, mentions that manufacturers of thermoplastic vulcanizates in the European region are incorporating several strategies to enrich their product portfolio and increase their profit share. Moreover, they are also putting efforts into offering quality products, new developments, and management of supply chain systems. Kraiburg TPE GmbH & Co., KG, Hexpol TPE, Teknor Apex Company, DuPont de Nemours, Inc., and Elastron are some of the leading suppliers of thermoplastic vulcanizates in Europe.

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Segmentation of Thermoplastic Vulcanizate Study in Europe

  • By Grade :

    • Natural
    • Standard Black
    • Pre-Colored
    • Others
  • By Processing Method :

    • Injection Molding
    • Extrusion Molding
    • Blow Molding
  • By Application :

    • Automotive
      • Exteriors
        • Door Trims
        • Weather Seals
        • Mudguards
        • Air Intake Hose
        • Door Cushion Rubbers
        • Glass Run Channels
        • Others
      • Interiors
        • Dashboard Skin
        • Airbag Covers
        • Console Box Liners
        • Seat Backboards
        • Under the Hood
        • Armrest Covers
        • Assist Grips
        • Others
    • Construction & Architecture
      • Exteriors
      • Interiors
    • Consumer Goods
      • Sporting Goods
      • Kitchen Appliances
      • Others
    • Electric & Electronics
      • Wires & Cable Insulation
      • Plugs
      • Bushings
      • Connectors
      • Others
    • Medical & Healthcare
      • Syringe Tips
      • Peristaltic Tubes
      • Medical Device Components
        • O-rings
        • Seals
        • Gaskets
        • Valves
        • Others
  • By Country :

    • Germany
    • France
    • Italy
    • Spain
    • United Kingdom
    • Russia
    • Rest of Europe

- FAQs -

What is the demand projection for thermoplastic vulcanizates in the European market?

Demand for thermoplastic vulcanizates in Europe is calculated to reach a market valuation of US$ 511.3 million in 2024.

What is the sales outlook for thermoplastic vulcanizates by the end of 2034?

Sales of thermoplastic vulcanizates in Europe are approximated to reach US$ 801 million by 2034.

What is the forecasted growth rate for the market in Europe?

The European market is forecasted to expand at a CAGR of 4.6% from 2024 to 2034.

What is the anticipated share of the automotive segment in the market?

More than 52% share of the European market is projected to be accounted for by the automotive sector in 2024.

What are the projected sales of thermoplastic vulcanizates in the United Kingdom?

Sales of thermoplastic vulcanizates in the United Kingdom are projected to reach US$ 70.6 million in 2024.

At what CAGR is the demand for natural thermoplastic vulcanizates projected to rise?

Demand for natural thermoplastic vulcanizates is projected to increase at a CAGR of 5% from 2024 to 2034.

How is the market in Germany projected to fare?

The market in Germany is expected to reach US$ 125 million by the end of 2034.

Thermoplastic Vulcanizate Industry Analysis in Europe

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