News

The global thermoplastic vulcanizates market size is expected to be worth around US$ 6.4 billion by 2030, according to a new report by Vision Research Reports.

The global thermoplastic vulcanizates market size was valued at US$ 2.60 billion in 2020 and is anticipated to grow at a CAGR of 8.9% during forecast period 2021 to 2030.

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Report Coverage

Report Scope	Details
Market Size	USD 6.4 billion by 2030
Growth Rate	CAGR of 8.9% From 2021 to 2030
Base Year	2021
Historic Data	2017 to 2020
Forecast Period	2021 to 2030
Segments Covered	Application
Regional Scope	North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned	Exxon Mobil Corp.; JSR Corp.; RAVAGO Manufacturing; Mitsui Chemicals; Kumho Polychem Co., Ltd.; Lyondellbasell Industries N.V.; Celanese Corp.; Mitsubishi Chemical

Growth Factors

 The growing demand for lightweight, high-performance materials from the automotive industry is expected to drive the global market. Increasing government intervention for improving fuel efficiency has prompted the use of high-performance engineering plastics including thermoplastic vulcanizate (TPV).

The growth of the consumer goods industry in BRIC nations is also expected to have a positive impact on the global market. Volatile prices of key feedstock are expected to remain a key challenge for market participants over the forecast period. On the basis of application, the market is segmented into automotive, fluid handling, consumer goods, medical, and others.

Key Players

• JSR Corporation
• Exxon Mobil Corp.
• RTP Company
• DuPont de Nemours, Inc.
• Mitsui Chemicals, Inc.
• Celanese Corp.
• LyondellBasell Industries Holdings B.V.
• Mitsubishi Chemical Corp.
• Ravago Manufacturing
• KUMHO POLYCHEM

Market Segmentation

• Application
  • Automotive
  • Fluid Handling
  • Consumer goods
  • Medical
  • Footwear
  • Others
• Regional
  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • The U.K.
    • France
    • Russia
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
  • Central & South America
    • Brazil
    • Argentina
  • Middle East & Africa
    • Saudi Arabia
    • South Africa

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