The "North America Thermoplastic Vulcanizate Market Forecast to 2027 - COVID-19 Impact and North America Analysis - By End-Use, and Country" report has been added to ResearchAndMarkets.com's offering.
Advantage of using Thermoplastic Vulcanizate is projected to escalate the Thermoplastic Vulcanizate market growth at CAGR of 6.1% during 2020-2027
North America Thermoplastic Vulcanizate Market was valued at US$ 659.21 million in 2019 and is projected to reach US$ 1,048.92 million by 2027; it is expected to grow at a CAGR of 6.1% during the forecast period.
The report highlights key factors driving the market growth and prominent players, along with their developments in the market.
Thermoplastic vulcanizate (TPV) is a mixture of rubber particles distributed in a thermoplastic matrix. TPV, therefore, has mixed properties, including the characteristics of the vulcanized rubber elastomer as well as the handling properties of the thermoplastic material.
Typical TPV contains approximately two-thirds of ethylene propylene diene monomer and one-third of impact polypropylene. This mixture of raw materials can also differ, such as polypropylene with natural rubber, polypropylene and ethylene-octene copolymers, and others. These materials have a wide range of hardness, excellent flex fatigue, high impact resistance, and superior resistance to acids, bases, and aqueous media.
Due to its manufacturing versatility and ease of processing, TPV is used in applications requiring durability and lightweight characteristics, such as in vehicles, construction, and others. The increasing demand for lightweight and high-performance materials in the automotive industry is expected to fuel demand for thermoplastic vulcanizations (TPVs) over the forecast period.
TVPs are increasingly being used as an alternative for thermoset rubbers, such as SBR, EPDM, and chlorosulfonated polyethylene, due to their improved durability, protection, low maintenance, and low manufacturing costs. In addition, their growing adoption for the production of lightweight interiors and exteriors, such as air guides and dams; wiper systems; spoilers and trims; flapper door seals; handles and grips; mattresses and cup holders, is expected to drive segment growth over the forecast period.
The North America Thermoplastic Vulcanizate market is concentrated with a few well-established players such as Mitsui Chemicals, Inc., Celanese Corporation, Mitsubishi Chemical Corporation, Kumho Polychem, Trinseo, Teknor Apex, ExxonMobil, Zeon Chemicals L.P., Alphagary, and Ravago.
Key Topics Covered:
2. Key Takeaways
3. Research Methodology
4. Thermoplastic Vulcanizate Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.3 Expert Opinion
5. Thermoplastic Vulcanizate Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Extensive Demand from Automobile Industry
5.1.2 Growing Demand of Thermoplastic Vulcanizate from Consumer Goods Industry
5.2 Market Restraints
5.2.1 Fluctuating Raw Material Prices
5.3 Market Opportunities
5.3.1 Use of Bio- Based Thermoplastic Vulcanizate
5.4 Future Trends
5.4.1 Rising Usage of Thermoplastic Vulcanizate in Healthcare Industry
5.5 Impact Analysis Of Drivers And Restraints
6. Thermoplastic Vulcanizate - North America Market Analysis
6.1 Thermoplastic Vulcanizate Market Overview
6.2 North America Thermoplastic Vulcanizate Market -Revenue and Forecast to 2027 (US$ Million)
7. Thermoplastic Vulcanizate Market Analysis - By End Use Industry
7.2 North America Thermoplastic Vulcanizate Market, By End Use Industry (2019 and 2027)
7.4 Building & Construction
7.5 Consumer Goods
8. Thermoplastic Vulcanizate Market - Country Analysis
8.1 North America: Thermoplastic Vulcanizate Market
8.1.1 North America: Thermoplastic Vulcanizate (TPV) Market - Revenue and Forecast to 2027 (US$ Million)
8.1.2 North America: Thermoplastic Vulcanizate (TPV) Market, by End Use Industry
8.1.3 North America: Thermoplastic Vulcanizate (TPV) Market, by Key Country
9. Impact of COVID-19 Pandemic on North America Thermoplastic Vulcanizate Market
10. Industry Landscape
10.1 Mergers and Acquisitions
10.2 Strategy and Business Planning
11. Company Profiles
Exxon Mobil Corporation
Mitsubishi Chemical Corporation
Mitsui Chemicals, Inc.
Teknor Apex Company, Inc.
Zeon Chemicals L.P.
For more information about this report visit https://www.researchandmarkets.com/r/w1udcy
View source version on businesswire.com: https://www.businesswire.com/news/home/20210308005475/en/
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