Global Automotive Thermoplastic Vulcanizate (TPV) Market Growth 2025-2031

The global Automotive Thermoplastic Vulcanizate (TPV) market size is predicted to grow from US$ 30220 million in 2025 to US$ 46560 million in 2031; it is expected to grow at a CAGR of 7.5% from 2025 to 2031.

Thermoplastic elastomers (TPE) are a class of materials that combine the advantages of a rubber, such as excellent compression set for good sealing, with the processability of conventional thermoplastics. Thermoplastic vulcanizate (TPV) is a subset of TPEs produced from a blend of vulcanized-crosslinked rubber finely dispersed in a continuous thermoplastic matrix. TPVs are produced by dynamic vulcanization, whereby a rubber is cured/ vulcanized within a thermoplastic polymer while the polymers are undergoing intimate mixing or mastication at elevated temperatures. Elasticity, tensile properties and hardness of the TPV are controlled by the ratio of the harder thermoplastic phase to the softer rubber phase.TPVs exhibit the advantageous sealing properties of conventional cured rubber, excellent physical properties, good high temperature resistance and outstanding chemical resistance. Due to these benefits TPVs have become a workhorse material for a variety of automotive sealing applications. The applications for TPVs in automotive sealing include glass run channels, dynamic seals, cowl vent grille seals and outer belt line seals. In addition,the application of thermoplastic vulcanizate in the automotive/transportation industry is beneficial to reduce part weight and improve fuel efficiency; enhance part performance and improve overall vehicle quality; reduce system cost and improve recyclability.

Automotive is a key driver of this industry. According to data from the World Automobile Organization (OICA), global automobile production and sales in 2017 reached their peak in the past 10 years, at 97.3 million and 95.89 million respectively. In 2018, the global economic expansion ended, and the global auto market declined as a whole. In 2022, there will wear units 81.6 million vehicles in the world. At present, more than 90% of the world"s automobiles are concentrated in the three continents of Asia, Europe and North America, of which Asia automobile production accounts for 56% of the world, Europe accounts for 20%, and North America accounts for 16%. The world major automobile producing countries include China, the United States, Japan, South Korea, Germany, India, Mexico, and other countries; among them, China is the largest automobile producing country in the world, accounting for about 32%. Japan is the world"s largest car exporter, exporting more than 3.5 million vehicles in 2022.

LP Information, Inc. (LPI) ' newest research report, the “Automotive Thermoplastic Vulcanizate (TPV) Industry Forecast” looks at past sales and reviews total world Automotive Thermoplastic Vulcanizate (TPV) sales in 2024, providing a comprehensive analysis by region and market sector of projected Automotive Thermoplastic Vulcanizate (TPV) sales for 2025 through 2031. With Automotive Thermoplastic Vulcanizate (TPV) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Automotive Thermoplastic Vulcanizate (TPV) industry.

This Insight Report provides a comprehensive analysis of the global Automotive Thermoplastic Vulcanizate (TPV) landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Automotive Thermoplastic Vulcanizate (TPV) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Automotive Thermoplastic Vulcanizate (TPV) market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Automotive Thermoplastic Vulcanizate (TPV) and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Automotive Thermoplastic Vulcanizate (TPV).

This report presents a comprehensive overview, market shares, and growth opportunities of Automotive Thermoplastic Vulcanizate (TPV) market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
PP/EPDM TPV
Phenolic Resin Cured TPV
Sulfur Cured TPV
Peroxide Cured TPV

Segmentation by Application:
Internal Combustion Engine Vehicle
Electric Vehicle

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Celanese Corporation
Biesterfeld AG
Reed Rubber Products,Inc
DuPont
Teleflex
Zeon Chemicals
Nippon Zeon
Teknor Apex Company
Kraton Corporation
Dow Inc.
BASF
Dynasol Group
Avient
PolyOne
Nexeo Plastics
Entec Polymers
Exxonmobil
Mitsubishi
KUMHO POLYCHEM

Key Questions Addressed in this Report

What is the 10-year outlook for the global Automotive Thermoplastic Vulcanizate (TPV) market?

What factors are driving Automotive Thermoplastic Vulcanizate (TPV) market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Automotive Thermoplastic Vulcanizate (TPV) market opportunities vary by end market size?

How does Automotive Thermoplastic Vulcanizate (TPV) break out by Type, by Application?

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