Asia Pacific Thermoplastic Vulcanizate 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.
An upsurge in the adoption of thermoplastic vulcanizate in the making of riser tubes, general seals, flapper valves, deck plate seals and plumping parts for portable water applications also drives the market for thermoplastic vulcanizate in Asia Pacific.
By end-use industry, the automotive segment accounted for the largest market share in the Asia Pacific Thermoplastic Vulcanizate market in 2019. the major benefit is cost, with TPVs being 10-30 percent lower than EPDM, combined with a lower weight, enhanced versatility of design, and recyclability. In addition, the lightweight of TPV allows more fuel-efficient cars. The 10 percent reduction in vehicle weight is expected to result in a 5-7 percent reduction in fuel consumption.
Some of the major primary and secondary sources for Asia Pacific Thermoplastic Vulcanizate market included in the report are Mitsui Chemicals, Inc., Celanese Corporation, Mitsubishi Chemical Corporation, Kumho Polychem, Trinseo, Teknor Apex, ExxonMobil, Zeon Chemicals L.P., Alphagary, and Ravago.
The COVID-19 is anticipated to cause a loss of more than 3 Billion in the Asia Pacific region. The consequence and impact can be even worse and totally depends on the spread of the virus. The government of Asia Pacific is taking possible steps to reduce its effects by announcing lockdown, and thus, impact the revenue generated by the market. The Government have asked the chemical & materials manufacturers to delay their production which will adversely affect the global supply of thermoplastic vulcanizate (TPV).
Strategic insights for the Asia Pacific Thermoplastic Vulcanizate provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 462.90 million |
| Market Size by 2027 | US$ 745.87 million |
| Global CAGR (2020 - 2027) | 6.3% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By End-Use
|
| Regions and Countries Covered | Asia-Pacific
|
| Market leaders and key company profiles |
The geographic scope of the Asia Pacific Thermoplastic Vulcanizate refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The Asia Pacific Thermoplastic Vulcanizate Market is valued at US$ 462.90 million in 2019, it is projected to reach US$ 745.87 million by 2027.
As per our report Asia Pacific Thermoplastic Vulcanizate Market, the market size is valued at US$ 462.90 million in 2019, projecting it to reach US$ 745.87 million by 2027. This translates to a CAGR of approximately 6.3% during the forecast period.
The Asia Pacific Thermoplastic Vulcanizate Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Thermoplastic Vulcanizate Market report:
The Asia Pacific Thermoplastic Vulcanizate Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Asia Pacific Thermoplastic Vulcanizate Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia Pacific Thermoplastic Vulcanizate Market value chain can benefit from the information contained in a comprehensive market report.
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