The thermoplastic vulcanizates market size has the potential to grow by USD 842.74 million during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 7.51%.
This report provides a detailed analysis of the market by end-user (automotive, fluid handling and construction, medical, and consumer goods and others), geography (North America, APAC, Europe, MEA, and South America), and key vendors.
Market Overview
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Market Competitive Analysis
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- Avient Corp.
- BASF SE
- Celanese Corp.
- DuPont de Nemours Inc.
- Exxon Mobil Corp.
- JSR Corp.
- LCY Chemical Corp.
- LyondellBasell Industries NV
- Mitsui Chemicals, Inc.
- RTP Co.
The thermoplastic vulcanizates market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors.
The market players also significantly leverage external market drivers such as easy recyclability to achieve growth opportunities. However, factors such as rise in popularity of co-polyesters will challenge the growth of the market participants. To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Download a free sample of the thermoplastic vulcanizates market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
This thermoplastic vulcanizates market analysis report also provides detailed information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.
Thermoplastic Vulcanizates Market: Key Drivers and Trends
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Thermoplastic Vulcanizates Market: Segmentation by Geography
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36% of the market’s growth will originate from APAC during the forecast period. China and South Korea (Republic of Korea) are the key markets for thermoplastic vulcanizates market in APAC. Market growth in this region will be faster than the growth of the market in other regions.
Hefty investments by automobile manufacturers in APAC and the expansion of western manufacturers to emerging economies of this region will facilitate the thermoplastic vulcanizates market growth in APAC over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.
Thermoplastic Vulcanizates Market: Segmentation by End User
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Over the past few years, TPVs are gaining popularity in the automotive segment. The industry is expected to witness significant demand for TPVs during the forecast period. TPVs are used for manufacturing different parts of an automotive vehicle. The product, with its inception, has replaced many conventional materials used in the industry, especially EPDM rubber, because of its excellent automotive sealing applications. Automotive will be a fast-growing end-user segment during the forecast period.
Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the thermoplastic vulcanizates market size.
Thermoplastic Vulcanizates Market: Key Highlights of the Report for 2021-2025
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will drive thermoplastic vulcanizates market growth during the next five years
- Precise estimation of the thermoplastic vulcanizates market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the thermoplastic vulcanizates industry across North America, APAC, Europe, MEA, and South America
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of thermoplastic vulcanizates market vendors
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Thermoplastic Vulcanizates Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 8% |
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Market growth 2021-2025 |
$ 842.74 million |
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Market structure |
Fragmented |
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YoY growth (%) |
6.96 |
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Regional analysis |
North America, APAC, Europe, MEA, and South America |
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Performing market contribution |
APAC at 36% |
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Key consumer countries |
US, China, Germany, South Korea (Republic of Korea), and UK |
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Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
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Companies profiled |
Avient Corp., BASF SE, Celanese Corp., DuPont de Nemours Inc., Exxon Mobil Corp., JSR Corp., LCY Chemical Corp., LyondellBasell Industries NV, Mitsui Chemicals, Inc., and RTP Co. |
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Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period, |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |