Thermoplastic vulcanization (TPV) market

Thermoplastic Vulcanization (TPV) Market Overview:

The thermoplastic vulcanization market is expected to grow a CAGR of XX% to reach XX Million USD over the forecast period from 2018 to 2023.

Thermoplastic Vulcanization (TPV) Industry Drivers, Challenges and Opportunities:

The use of thermoplastic vulcanization (TPV) in the automotive industry has increased rapidly in recent years. The increase in use is mainly due to its manufacturing flexibility, ease of processing, durability and low weight. This gives automotive designers the flexibility to incorporate complex designs impossible with conventional polymeric materials, such as thermosetting rubber and ethylene-propylene diene monomer rubber. The increase in POS consumption in the automotive industry is mainly due to the growing need to improve mileage and increase government-imposed emission standards. Weight reduction, therefore, improves vehicle dynamics, reduces energy consumption and improves fuel economy; which, in turn, should stimulate the thermoplastic vulcanizate market over the forecast period.

The volatility of key commodity prices is expected to remain a major challenge for market participants over the forecast period.

R&D initiatives to develop a superior point of sale and its new applications offer many opportunities for industry participants.

Thermoplastic Vulcanization (TPV) Market Segment Overview:

The automotive sector accounted for the largest segment of applications and accounted for 59.8% of total TPV consumption in 2013. A radical shift in the trend towards replacing heavy metals and plastics with engineering plastics is expected to reduce automobiles weight, which will stimulate this segment over the forecast period. Some of these applications include car air bags, tires, under-the-hood components, sealing components, and interior and exterior components.

Thermoplastic Vulcanization (TPV) Market Geographic Analysis:

North America has dominated the global market in recent years due to strong demand from the automotive industry as well as from other end-use industries such as health and consumer goods. However, Asia-Pacific is expected to surpass North America to become the largest regional point-of-sale market. Rapid industrialization in the emerging economies of India, China and Indonesia is expected to stimulate the regional point-of-sale market. The Asia-Pacific and Latin American markets offer many opportunities for industry players, including the automotive sector.

Key Industry Players Covered in this Thermoplastic Vulcanization (TPV) Market Report are:

• Exxon Mobil
• The Dow Chemical Company
• Arkema Inc
• DuPont Performance Elastomers
• Solvay Engineered Polymers
• Dexco Polymers
• Kraton Polymers.

This research report includes following segmentation for the Thermoplastic Vulcanization (TPV) Market size and forecast until 2023.

By Raw materials

• PP/NR (Polypropylene/ Natural Rubber)
• PP/EPDM (Polypropylene/ Ethylene Propylene Diene Monomer)
• PP/EOC (Polypropylene/ Ethylene Octene Copolymer)
• EPDM/ Polyolefin Blends
• Butyl/ Halobutyl/ PP
• Others

By Application

• Automotive Industry
• Industrial
• Electronics and Appliances
• White Goods
• Building and Construction
• Others

By Method

• Injection Moulding
• Extrution
• Compression Moulding
• Blow Moulding
• Others

Thermoplastic Vulcanization (TPV) Market Analysis - By Region

• North America
• Asia-Pacific
• Europe
• Central & South America
• Middle East & Africa