Thermoplastic Vulcanizate (TPV) Market Size Worth US$ 2,612.50 million, Globally, by 2027 at 6.1% CAGR - Exclusive Report by The Insight Partners

The thermoplastic vulcanizate (TPV) market was valued at US$ 1,646.78 million in 2019 and is projected to reach US$ 2,612.50 million by 2027; it is expected to grow at a CAGR of 6.1% during the forecast period.

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Mitsui Chemicals Inc., Celanese Corporation, Mitsubishi Chemical Corporation, Kumho Polychem, Trinseo, Teknor Apex, ExxonMobil, Zeon Chemicals L.P., Alphagary and Ravago are among the key players present in the global thermoplastic vulcanizate (TPV) market. These companies are implementing new product development, and merger and acquisition strategies to enlarge their respective clientele and gain significant market share in the global market, which, in turn, allows them to maintain their brand name.

The study conducts SWOT analysis to evaluate strengths and weaknesses of the key players in the Thermoplastic Vulcanizate (TPV) market. Further, the report conducts an intricate examination of drivers and restraints operating in the market. The report also evaluates the trends observed in the parent market, along with the macro-economic indicators, prevailing factors, and market appeal according to different segments. The report also predicts the influence of different industry aspects on the Thermoplastic Vulcanizate (TPV) market segments and regions.

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Market Insights

Use of Bio- Based Thermoplastic Vulcanizate

In order to minimize reliance on non-renewable resources, such as petroleum, and to achieve sustainable development of the polymer materials industry, a large number of people prefer bio-based polymer materials. Bio-based thermoplastic vulcanizates (TPV) are made of poly(lactide) (PLA) and ethylene-co-vinyl acetate rubber (EVA) that have been fabricated using dicumyl peroxide (DCP) as a curing agent; it is the first time that the application of PLA in elastic materials has been demonstrated. As bio-based TPVs contain low carbon emissions and are biodegradable in nature, synthesis of the same is encouraged in most countries. They are currently considered to be sustainable alternatives for traditional petroleum-based polymers since they are derived from renewable resources such as starch-based polymers, polylactides (PLAs), polyhydroxyalkanoates(PHAs), cellulose-based polymers, and soy-based polymers. As bio-based TPEs not only provide a clean solution but also offer bio-based TPE producers cost competitiveness against their synthetic counterparts, they are expected to create significant market growth opportunities.

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Report Spotlights
• Progressive industry trends in the global thermoplastic vulcanizate (TPV) market that help players develop effective long-term strategies
• Business growth strategies adopted by developed and developing markets
• Quantitative analysis of the global thermoplastic vulcanizate (TPV) market from 2017 to 2027
• Estimation of global thermoplastic vulcanizate (TPV) demand across various industries
• PEST analysis to illustrate the efficacy of buyers and suppliers operating in the industry
• Recent developments to understand the competitive market scenario and global thermoplastic vulcanizate (TPV) demand
• Market trends and outlook, and factors driving and restraining the growth of the global thermoplastic vulcanizate (TPV) market

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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