Market Analysis and Insights: Global Thermoplastic Vulcanizates (TPV) Market

Thermoplastic vulcanizates (TPV) are part of the thermoplastic elastomer (TPE) family of polymers, but are closest in elastomeric properties to EPDM thermoset rubber, combining the characteristics of vulcanized rubber with the processing properties of thermoplastics. TPV is a dynamically vulcanized alloy consisting mostly of fully cured EPDM rubber particles encapsulated in a polypropylene (PP) matrix.

Due to the COVID-19 pandemic, the global Thermoplastic Vulcanizates (TPV) market size is estimated to be worth US$ 1749.8 million in 2022 and is forecast to a readjusted size of US$ 2941.8 million by 2029 with a CAGR of 7.6% during the forecast period 2023-2029. Fully considering the economic change by this health crisis, EPDM/PP Blends accounting for % of the Thermoplastic Vulcanizates (TPV) global market in 2022, is projected to value US$ million by 2029, growing at a revised % CAGR from 2023 to 2029. While Automobile segment is altered to an % CAGR throughout this forecast period.

United States Thermoplastic Vulcanizates (TPV) key players include ExxonMobil Chemical, Teknor Apex, Mitsui Chemicals, etc. Top three companies hold a share above 88%. In terms of product, EPDM/PP Blends TPV is the largest segment, with a share nearly 85%. And in terms of application, the largest channel is Automobile Industry.

Global Thermoplastic Vulcanizates (TPV) Scope and Market Size

The global Thermoplastic Vulcanizates (TPV) market is segmented by company, region (country), type and application. Players, stakeholders, and other participants in the global Thermoplastic Vulcanizates (TPV) market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), type and application for the period 2018-2029.


Segment by Type


EPDM/PP Blends

NR/PP Blends

Others


Segment by Application


Automobile

Industrial

Electronic Appliances

Building & Construction

Others

By Region

United States

Europe

China

Japan

Southeast Asia

India

Other Regions


By Company


ExxonMobil Chemical

Teknor Apex

Mitsui Chemicals

DuPont

RTP Company

Mitsubishi Chemical

Zeon