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Global Thermoplastic Vulcanizates Market 2017-2021

About Thermoplastic Vulcanizates

Thermoplastic vulcanizates (TPVs) are a diverse class of thermoplastic elastomers (TPEs), which have a high content of cross-linked rubber and low content of thermoplastics. TPVs possess the combined properties of high elasticity and high processability and recyclability, thus outperforming conventional rubber. They have been known among green polymers for the past few years and are extensively used in various industries, such as automotive, electronics, construction, medical, and office and sports equipment. The mechanical and thermal properties of TPVs are diverse and are better than other thermoplastics.

Technavio’s analysts forecast the global thermoplastic vulcanizates market to grow at a CAGR of 6.31% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global thermoplastic vulcanizates market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of thermoplastic vulcanizates.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Thermoplastic Vulcanizates Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • BASF
  • DuPont
  • Exxon Mobil
  • LCY GROUP
  • PolyOne
Other prominent vendors
  • Arkema
  • Schulman
  • Asahi Kasei
  • Dow Corning
  • Entec Polymers
  • JSR
  • LANXESS
  • The Lubrizol
  • LyondellBasell Industries Holdings
  • Sichuan Sunplas
  • Teknor Apex
Market driver
  • Increased adoption in automotive industry
  • For a full, detailed list, view our report
Market challenge
  • Fluctuating raw material prices
  • For a full, detailed list, view our report
Market trend
  • Introduction of advanced TPVs by focusing on R&D
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Thermoplastic Vulcanizates Market 2017-2021

Technavio recognizes the following companies as the key players in the global thermoplastic vulcanizates market: BASF, DuPont, Exxon Mobil, LCY GROUP, and PolyOne.

Other Prominent Vendors in the market are: Arkema, A. Schulman, Asahi Kasei, Dow Corning, Entec Polymers, JSR, LANXESS, The Lubrizol, LyondellBasell Industries Holdings, Sichuan Sunplas, and Teknor Apex.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Introduction of advanced TPVs by focusing on R&D. The increased competition observed within the TPV market, along with intense rivalry with other TPE markets, demands for innovative product launches. This has promptly led key players in the market to increase their focus and spending on R&D and other technological advances, resulting in the development of advanced TPVs. They perform better than regular TPVs in terms of functionality, cost efficiency, and sustainability. The innovation of advanced TPVs will help key players to differentiate their products in terms of performance when compared with regular TPVs.”

According to the report, one of the major drivers for this market is Increased adoption in automotive industry. The global TPV market is mainly driven by the automotive industry, and it has the highest consumption share of the material in industrial applications. In the automotive industry, TPV is used to manufacture automotive exterior parts, such as mud guards, weather seals, glass run channel, door trim skin, side molding, roof molding, and roof antenna cover. In addition, TPVs are used in manufacturing automotive interior parts, such as interior skins, door trim, instrumental panel, airbag cover, and dashboard covers. The growing consumption of TPV in the motor vehicle sector for production of these parts, owing to lightweight and high oil, chemical, and heat resistance is the major driver of the global TPV market.

Further, the report states that one of the major factors hindering the growth of this market is Fluctuating raw material prices. Consistent price fluctuations of raw materials used in the manufacture of TPV poses a major challenge to manufacturers. Olefins, ethylene, and propylene are the major raw materials used to produce TPE, which are manufactured from ethane, naphtha, and propane. The prices of these petrochemicals are dependent on the price of natural gas and crude oil. There has always been an increased volatility in the price of crude oil in the overseas market, owing to the supply demand imbalances and the volatile political situation in the Middle East that has the major share of the world oil supply. This has resulted in a significant increase in the prices of these major petrochemicals.

Companies Mentioned

BASF, DuPont, Exxon Mobil, LCY GROUP, PolyOne, Arkema, A. Schulman, Asahi Kasei, Dow Corning, Entec Polymers, JSR, LANXESS, The Lubrizol, LyondellBasell Industries Holdings, Sichuan Sunplas, and Teknor Apex.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
      • Table Value chain of TPEs
      • Table Manufacturing process of TPV
  • Market landscape
    • Market size and forecast
      • Table Global TPV market 2016 and 2021 (kilotons)
      • Table Market forecast: Global TPV market in terms of volume 2016-2021
      • Table Global TPV market 2016 and 2021 ($ millions)
      • Table Market forecast: Global TPV market in terms of revenue 2016-2021
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by end-user
    • Global TPV market by end-user
      • Table Global TPV market by end-user 2016
      • Table Global TPV market by end-user 2021
    • Global TPV market by automotive industry
      • Table Global TPV market by automotive industry 2016 and 2021.
      • Table Market forecast: Global TPV market by automotive industry 2016-2021
      • Table Applications of TPVs in an automotive vehicle
    • Global TPV market by fluid handling and construction industry
      • Table Global TPV market by fluid handling and construction industry 2016 and 2021.
      • Table Market forecast: Global TPV market by fluid handling and construction industry 2016-2021
    • Global TPV market by medical industry
      • Table Global TPV market by medical industry 2016 and 2021.
      • Table Market forecast: Global TPV market by medical industry 2016-2021
    • Global TPV market by consumer goods and others
      • Table Global TPV market by consumer goods and others 2016 and 2021.
      • Table Market forecast: Global TPV market by consumer goods and others 2016-2021
  • Geographical segmentation
    • Global TPV market by geography
      • Table Global TPV market by geography 2016
      • Table Global TPV market by geography 2021
      • Table Market Forecast: Market share of geographical regions 2017-2021
    • TPV market in Americas
      • Table TPV market in Americas 2016 and 2021.
      • Table Market forecast: TPV market in Americas 2016-2021
    • TPV market in APAC
      • Table TPV market in APAC 2016 and 2021.
      • Table Market forecast: TPV market in APAC 2016-2021
    • TPV market in EMEA
      • Table TPV market in EMEA 2016 and 2021.
      • Table Market forecast: TPV market in EMEA 2016-2021
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Replacement of traditional materials by TPV in automotive industry
      • Table Global motor vehicle sales 2015- 2020 (millions of units)
      • Table PVC: Major hazards and disadvantages
    • Market challenges
      • Table Market forecast for co-polyester-based TPEs in terms of volume 2016-2021 (kilo tons)
  • Market trends
    • Introduction of advanced TPVs by focusing on R&D
      • Table Performance improvements of TPV through advanced varieties
    • Rising use of soft-touch TPVs in consumer goods and appliances
      • Table Advantages of soft-touch TPE in consumer electronics and appliances
    • Rising popularity of olefin-based copolymer TPV
    • Increased consumption of TPVs due to emerging BRICS nations
      • Table GDP growth of India 2011-2015
  • Vendor landscape
    • Competitive scenario
    • Key market vendors
      • Table Key Market Vendors
    • Other prominent vendors
  • Key vendor analysis
    • BASF
      • Table BASF: Business segmentation by revenue 2016
      • Table BASF: Geographical segmentation by revenue 2016
    • DuPont
      • Table DuPont: Segmentation of revenue by business 2016
      • Table DuPont: Segmentation of revenue by geography 2016
      • Table Applications of DuPont ETPV
    • Exxon Mobil
      • Table Exxon Mobil: Business segmentation by revenue 2016
      • Table Exxon Mobil: Geographical segmentation by revenue 2016
      • Table Benefits of Santoprene TPV
    • LCY GROUP
      • Table LCY GROUP: Business segmentation by revenue 2015
      • Table LCY GROUP: Geographical segmentation by revenue 2015
    • PolyOne
      • Table PolyOne: Business segmentation by revenue 2016
      • Table PolyOne: Geographic segmentation by revenue 2016
  • Appendix
    • List of abbreviations
  • Explore Technavio

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