Thermoplastic Vulcanizates (TPVs) are mechanically compounded mixtures of a polyolefin (usually polypropylene) and an elastomer (specialty elastomers or EPDM) that WHICH is vulcanized during the process. TPVs are widely used to modify the properties of rigid thermoplastics, usually improving impact strength. Major applications of TPVs are in automotive, industrial, consumers, electrical, and hoses & tubing.
The global demand for TPV is anticipated to grow between 4-5% since 2005. The market witnessed a decline during the economic recession but bounced back to growth in 2010. As of 2017, North America constituted the largest regional market accounting for around 40% of the market. Asia-Pacific was the second largest market followed by Western Europe.
The greatest growth potential for TPOs and TPVs in automotive uses will be in replacing PVC for many interior applications including instrument panel covers, armrests and steering wheels. Although TPVs are more expensive on a weight basis than EPDM or other thermoset rubbers, lower processing cost means that TPV products are cheaper. TPVs are also lighter, requiring only one-third of the amount that would be required of EPDM blended. TPV has good properties as weather seals in automotive applications.
Automotive industry is the largest market for TPV at a global level. The market is likely to grow on account of continued use in the automotive industry for under the hood applications for passenger car and trucks.
In addition to their ability to withstand minor impacts, Olefinic thermoplastic elastomers are used for automotive applications as a result of the cost, recyclability during fabrication, environmental image, low specific gravity, wide range of stiffness s available, excellent outdoor weather ability and fade resistance, colourability and attractive impact performance over a wide temperature range. The shifting of automotive production from Western Europe to other low cost regions in Asia has pushed the regional demand, especially in China.
Companies Covered in Thermoplastic Vulcanizates (TPV) Report:
• Scope • Market Coverage - Application - Regions - Countries • Years Considered - Historical - 2016 – 2020 - Base - 2022 - Forecast Period - 2022 – 2032 • Research Methodology - Approach - Research Methodology - Prismane Consulting Market Models - Assumptions & Limitations - Abbreviations & Definitions - Conversion Factors - Data Sources2. Market Synopsis • Market Evolution • Demand Overview • Industry Structure • Strategic Issues • End-use Trends • Growth Forecast3. Economic & Energy Outlook • GDP and Demographics • Crude Oil Production and prices • Natural Gas • Electricity Prices4. End-use Sector Performance • Automotive • Industrial • Consumer Goods • Electrical • Others • Product Description • Grades & Properties • Raw Material • Manufacturing Process • Environmental Issues • Value Chain • Applications6. Market Dynamics and Industry Trends • Market Dynamics and COVID-19 Impact - Drivers - Restraints - Opportunities - Challenges7. Global Thermoplastic Vulcanizates (TPV) Demand Analysis, By Application, (Volume, Value) (2016–2032) • Strategic Issues and COVID-19 Impact • Demand Analysis and Forecast (2016 – 2032) - Demand - Demand Growth Rate (%) - Driving Force Analysis • Global Thermoplastic Vulcanizates (TPV) Market, By Application - Automotive - Interior - Exterior - Under the Hood & Cables - Industrial - Roofing - Others - Consumer Goods - Electrical & Electronics - Hose & Tubing - Others8. Demand Analysis and Market Review, By Region, By Country (Volume, Value), (2016– 2032) • Strategic Issues and COVID-19 Impact • Demand Analysis and Forecast (2016-2032) • Demand Growth Rate (%) • Thermoplastic Vulcanizates (TPV) Market, By ApplicationNote: Demand Analysis has been provided for all major Regions / Countries as mentioned below. The demand(consumption) split by applications has been provided for each of the countries/regions in Volume (Kilotons) and Value (USD Million). • North America - USA - Canada - Mexico • Western Europe - Germany - France - Italy - United Kingdom - Spain - Rest of Western Europe • Central & Eastern Europe - Russia - Poland - Rest of Central & Eastern Europe • Asia-Pacific - China - Japan - India - South Korea - ASEAN - Rest of Asia-Pacific • Central & South America • Middle East & AfricaNote: CAGR will be calculated for all the applications to arrive at the regional/global demand growth for the forecast period (2022 – 2032)9. Pricing Analysis • Market Attractiveness Assessment • Prospective & Target Market Study11. Strategic Recommendation & Suggestions12. Company Analysis and Market Share Analysis - Basic Details - Headquarter, Key Markets - Ownership - Company Financial - Manufacturing Bases - Global Turnover - Total Employee - Product Portfolio / Services / Solutions - Key Business Strategies Adopted and Prismane Consulting Overview - Recent Developments - Companies Covered - Advance Elastomer Systems - DSM Thermoplastic Elastomer - Mitsubishi Chemical Corporation - Mitsui Chemicals Inc - Sumitomo Chemicals Ltd - Teknor Apex - ExxonMobil Chemical Company - DuPont Engineering Polymers - Other ManufacturersNote: This section includes company information, company financials, manufacturing bases, and operating regions. Company financials have been mentioned only for those companies where financials were available in SEC Filings, annual reports, or company websites. All the reported financials in this report are in U.S. Dollars. Financials reported in other currencies have been converted using average currency conversion rates. Company profiles may include manufacturers, suppliers, and distributors.13. Appendices • Demand- Regions • Demand– Countries
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