Thermoplastic Vulcanizates Market Growth, Demand and Challenges of the Key Industry Players 2024-32
                     Global Thermoplastic 
Vulcanizates Market 
Research and Forecast 
Report 2024-2032
Format: PDF+EXCEL
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A cc o r d i ng  t o  t h e  l a t e s t  r e p o r t  b y  I M A R C  G r o up ,  t i t l e d  " T h e r m o p l a s t i c  V u l c an i z a t e s  
Ma r k e t :  G l o b a l  In d u s t r y  T r e n d s ,  S h a r e ,  S i ze ,  G r o w t h ,  O p p o r t u n i ty  a n d  F o r e c a s t  
20 2 4 - 2 03 2 , "  t h e  g l ob a l  t he r m o p l a s t i c  vu l c a n i z a te s  ma r k e t  s i z e  r e a ch e d  U S $  2 . 9  B i l l i o n  
i n  2 0 2 3 .
Thermoplast ic  Vu lcanizates  Industry :
Report Summary:• T h e  g l o ba l  t h e r m o p l as t i c  v u l c a n i z a t e s  ma r k e t  s i z e  re a c h e d  U S D  2 . 9  B i l l i on  i n  2 0 2 3 .
• T h e  ma r k e t  i s  e x p ec t e d  to  r ea c h  U S D  5 . 1  B i l l i o n  b y  2 0 3 2 ,  e x h i b i t i ng  a  g r o w th  r a te  
Summary ( C A GR )  o f  6 . 3 3 %  d u r i n g  2 0 2 4 - 2 0 3 2 .
• N o r t h  A me r i c a  l e a d s  th e  m a r k e t ,  a cc o u n t i n g  f o r  t h e  l a rg e s t  t h e r mo p l a s t i c  
v u l c a n i za t e s  ma r k e t  s h a r e .
• N R / P P  b l e n ds  a c co u n t s  f o r  t h e  m a j o r i t y  o f  t he  m a r k e t  s h a r e  i n  t h e  p ro d u c t  t y pe  
s e g m e n t  d u e  t o  t h e i r  e xc e l l e n t  b a l a nc e  o f  p e r f o r m an c e ,  c o s t -e f f e c t i ve n e ss ,  a n d  
v e r s a t i l i t y  a c r os s  v a r i o u s  i nd u s t r i e s .
• A u t o mo t i v e  r ep r e s e n t s  t h e  l e ad i n g  ap p l i c a t i o n  s e g me n t  du e  t o  t h e  g r o w i n g  d e m a nd  
f o r  l i g h tw e i g h t ,  d u r ab l e ,  an d  f u e l -e f f i c i en t  c o mp o n en t s  i n  ve h i c l e  ma n u f ac t u r i ng .
• The increasing demand for l ightweight automotive materials is 
a primary dr iver of the thermoplast ic vulcanizates market.
• The thermoplast ic vulcanizates market growth and forecast 
highl ight a signi f icant r ise due to technological  advancements 
and the r is ing automotive and industr ia l  industr ies.
Report Request for a PDF sample of this report:  
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Summary estsample
Global  Thermoplast ic  Vulcanizates Market  Trends:
Ris ing  Demand for  L ightweight  Automot ive  Mater ia ls:
Thermop las t i c  vu lcan iza t es  (TPVs )  have become a  c r i t i ca l  component  in  t he  
au tomot i ve  indus t ry  due  to  t he i r  un ique  b lend  o f  l i gh t  we igh t ,  du rab i l i t y ,  and  h igh -
tempera tu re  per fo rmance .  Add i t i ona l l y ,  t hermop las t i c  vu lcan iza tes  (TPVs)  a re  
w ide ly  adop ted  in  sea ls ,  gaske ts ,  and  under - the -hood  componen ts ,  wh i ch  suppor t  
t he  au tomot i ve  sec t o r ' s  emphas i s  on  f ue l  e f f i c iency  and we igh t  r educ t ion .  As  ca r  
manu fac t u rer s  a im  to  mee t  s t r i c t e r  em iss ion  s t andards  and  improve  veh i c le  
pe r f o rmance,  t he  t he rmop las t i c  vu lcan iza tes  demand  cont i nues  t o  g row.  
Report Trends Moreover ,  t he  adap tab i l i t y  o f  TPVs a l lows  f o r  e f f i c ien t  p roduc t ion  and  app l i ca t ion  
ac ross  va r i ous  veh ic l e  t ypes ,  f u r ther  re in fo rc ing  t he i r  pos i t i on  as  a  go - t o  
mat er ia l .  Th is  t rend  i s  expec ted  t o  pe rs i s t  as  i nnova t i ons  in  au t omot i ve  
eng ineer ing  and  eco - f r i end ly  in i t i a t i ves  d r i ve  g rea t er  adop t ion .
Growing Automot ive and Industr ia l  Sectors:
The  au tomot i ve  and i ndus t r ia l  sec to rs  a re  s ign i f i can t l y  bo ls te r ing  the  use  o f  TPVs 
due  t o  the i r  super io r  chemica l  res i s t ance ,  f l ex ib i l i t y ,  and  ab i l i t y  t o  endure  ha rsh  
cond i t i ons .  Th is  adopt ion  i s  a lso  f ue led  by  g loba l  i n f r as t ruc tu re  p ro jec t s  and  the  
expans ion  o f  i ndus t r i a l  ac t i v i t i es .  As  indus t r i es  seek  robus t  ma te r ia l s  t ha t  can  
pe r f o rm re l i ab ly  under  d ive rse  cond i t i ons ,  t he  t he rmop las t i c  vu l can i za tes  marke t  
s i ze  i s  expand ing  in  r esponse to  these  needs .
Moreover ,  TPVs '  ve rsa t i l i ty  ensures the i r  u t i l i t y  in  automot ive  components ,  
cons t ruc t ion,  and indus t r ia l  app l i ca t ions.  Th is  w idespread demand h igh l igh ts  
the  ro le  o f  TPVs as  a  re l iab le  mater ia l  tha t  suppor ts  the g rowth o f  key 
economic  secto rs ,  pav ing the way fo r  fu r ther  marke t  deve lopment .
Technological  Advancements:
The thermop las t i c  vu lcan iza tes  market  t rends  ind ica te  tha t  the  g rowing  
innovat ions in  TPV formula t ions  and p roduct ion  methods are  con t inuous ly  
enhanc ing the i r  phys ica l  proper t ies ,  mak ing  them more adaptab le  fo r  var ied  
Report Trends app l i ca t ions.  Add i t iona l l y ,   improvements  in  durab i l i t y ,  heat  res is tance ,  and  
f lex ib i l i t y  have  opened new avenues fo r  thermop las t i c  vu lcan iza tes  in  areas 
such  as  medica l  dev ices ,  consumer  goods,  and  e lec t r i ca l  insu la t ion.  
Bes ides ,  advanced manufactu r ing techn iques  a re  reduc ing  p roduct ion  costs  
whi le  inc reas ing  e f f i c iency ,  thereby mak ing  TPVs more  a t t rac t ive  to  a  
broader  range o f  indust r ies .  Th is  wave  o f  techno log ica l  p rogress suppor ts  
the  con t inued growth and  d ivers i f ica t ion o f  TPV app l ica t ions ,  d r i v ing  fu r ther  
in teres t  and  inves tment  ac ross markets .
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Breakup by Product Type:
• EPDM/PP Blends
• NR/PP Blends
• Others
Breakup by Application:
Report • Automot ive
• Bui lding and Construct ion
Segmentation • Consumer Goods
• Medical
• Others
Breakup by Region:
• North America
• Asia-Pacifi c
• Europe
• Latin America
• Middle East and Afr ica
Report 
Segmentation
• Arkema S.A.
• Asahi  Kasei  Corporation
• BASF SE
• China Petroleum & Chemical Corporat ion
Competitive • DuPont de Nemours Inc.
Landscape • Exxon Mobi l  Corporation
• JSR Corporation
with Key 
• LyondellBasel l  Industries N.V.
Players • Mitsubishi  Chemical Corporat ion
• Mitsui Chemicals Inc.
• Tosoh Corporation
How has the global thermoplastic vulcanizates market 
performed so far, and how will it perform in the coming 
years?
What are the drivers, restraints, and opportunities in the 
global thermoplastic vulcanizates market?
Key What is the impact of each driver, restraint, and opportunity 
on the global thermoplastic vulcanizates market?
Questions 
Answered in What are the key regional markets?
the Report
Which countries represent the most attractive thermoplastic 
vulcanizates market?
What is the breakup of the market based on the product 
type?
Which is the most attractive product type in the 
thermoplastic vulcanizates market?
What is the breakup of the market based on the application?
Which is the most attractive application in the thermoplastic 
vulcanizates market?
Key 
What is the competitive structure of the market?
Questions 
Answered in Who are the key players/companies in the global 
thermoplastic vulcanizates market?
the Report
1     P r e f a c e
2    S c o p e  a n d  M e t h o d o l o g y
    2 . 1     O b j e c t i v e s  o f  t h e  S t u d y
    2 . 2     S t a k e h o l d e r s
    2 . 3     D a t a  S o u r c e s
        2 . 3 . 1     P r i m a r y  S o u r c e s
        2 . 3 . 2     S e c o n d a r y  S o u r c e s
    2 . 4     M a r k e t  E s t i m a t i o n
        2 . 4 . 1     B o t t o m - U p  A p p r o a c h
Table of         2 . 4 . 2     T o p - D o w n  A p p r o a c h    2 . 5     F o r e c a s t i n g  M e t h o d o l o g y
3    E x e c u t i v e  S u m m a r y
4    I n t r o d u c t i o n
    4 . 1     O v e r v i e w
Contents     4 . 2     K e y  I n d u s t r y  T r e n d s5    G l o b a l  T h e r m o p l a s t i c  V u l c a n i z a t e s  M a r k e t
    5 . 1     M a r k e t  O v e r v i e w
    5 . 2     M a r k e t  P e r f o r m a n c e
    5 . 3     I m p a c t  o f  C O V I D - 1 9
    5 . 4     M a r k e t  F o r e c a s t
6    M a r k e t  B r e a k u p  b y  P r o d u c t  T y p e
    6 . 1     E P D M / P P  B l e n d s
        6 . 1 . 1  M a r k e t  T r e n d s
        6 . 1 . 2  M a r k e t  F o r e c a s t
    6 . 2     N R / P P  B l e n d s  
        6 . 2 . 1  M a r k e t  T r e n d s
        6 . 2 . 2  M a r k e t  F o r e c a s t
    6 . 3     O t h e r s
        6 . 3 . 1  M a r k e t  T r e n d s
        6 . 3 . 2  M a r k e t  F o r e c a s t
7    M a r k e t  B r e a k u p  b y  A p p l i c a t i o n
       
    7 . 1     A u t o m o t i v e
        7 . 1 . 1  M a r k e t  T r e n d s
        7 . 1 . 2  M a r k e t  F o r e c a s t
    7 . 2     B u i l d i n g  a n d  C o n s t r u c t i o n
        7 . 2 . 1  M a r k e t  T r e n d s
        7 . 2 . 2  M a r k e t  F o r e c a s t
    7 . 3     C o n s u m e r  G o o d s
        7 . 3 . 1  M a r k e t  T r e n d s
        7 . 3 . 2  M a r k e t  F o r e c a s t
    7 . 4     M e d i c a l
        7 . 4 . 1  M a r k e t  T r e n d s
        7 . 4 . 2  M a r k e t  F o r e c a s t
    7 . 5     O t h e r s
Table of         7 . 5 . 1  M a r k e t  T r e n d s
        7 . 5 . 2  M a r k e t  F o r e c a s t
8    M a r k e t  B r e a k u p  b y  R e g i o n
Contents     8 . 1     N o r t h  A m e r i c a        8 . 1 . 1  U n i t e d  S t a t e s
            8 . 1 . 1 . 1  M a r k e t  T r e n d s
            8 . 1 . 1 . 2  M a r k e t  F o r e c a s t
        8 . 1 . 2  C a n a d a
            8 . 1 . 2 . 1  M a r k e t  T r e n d s
            8 . 1 . 2 . 2  M a r k e t  F o r e c a s t
    8 . 2     A s i a - P a c i f i c
        8 . 2 . 1  C h i n a
            8 . 2 . 1 . 1  M a r k e t  T r e n d s
            8 . 2 . 1 . 2  M a r k e t  F o r e c a s t
        8 . 2 . 2  J a p a n
            8 . 2 . 2 . 1  M a r k e t  T r e n d s
            8 . 2 . 2 . 2  M a r k e t  F o r e c a s t
F o r  m o r e  i n f o r m a t i o n ,  v i s i t :  
ht t ps : / /w ww. i ma rc gro up . c o m / t he rmo p la s t i c -v u l c a n i za t es -m a r
ke t / t o c
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