Study #: 3925 | Published: 02/2021 | Pages: 132 | Individual User License: US$ 3,900

Global demand for thermoplastic vulcanizates (TPVs) is projected to increase 3.7% per year to 515,500 metric tons, driven by:

  • TPV’s performance advantages, design flexibility, and easier processability relative to thermoset rubbers and other TPEs
  • ongoing market penetration in motor vehicle applications, most notably in the Asia/Pacific region

Motor Vehicles & Industrial Products Will Remain Important Outlets for TPVs

In 2019, motor vehicle applications for TPVs accounted for 60% of demand, and this large market will offer the best opportunities for new sales through 2024. Growth will be supported by:

  • global increases in motor vehicle production
  • the ongoing replacement of thermoset and EPDM rubber with TPV due to its improved performance, reduced weight, and affordability

Healthy growth will also be seen for the sizable industrial product market due to:

  • the greater ability of TPVs to reduce raw material waste, which is causing more companies to use them instead of competitive rubber materials
  • TPV’s ability to bond with engineering thermoplastics, which reduces manufacturing time and costs by limiting the number of steps need to assemble components
  • growing awareness of the possible negative health impacts of plastics, leading producers of personal care and food products to prefer TPVs

China Remains Dominant, But Other Asia/Pacific Countries Offer Opportunities

China is expected to remain the single largest market globally for TPVs through 2024 with 22% of global demand. This market’s dominance is boosted by the sheer size of the motor vehicle and industrial markets in China, as well as by increasing healthcare spending.

However, manufacturing is increasing throughout the region, especially in countries with low production costs, such as Thailand and Vietnam, where manufacturers have moved their facilities in order to reduce expenses as labor costs in China rise. These countries will also see further penetration of TPV in their industrial products, spurred by the increasingly sophisticated products being manufactured for export markets. Medical products will also see solid gains, as the need for healthcare equipment increases globally.

Developed Regions Will Continue to Account for a Large Share of Demand

Despite a less robust rate of growth when compared to developing economies, the US, Japan, and Western Europe will continue to dominate the global TPV market, together accounting for about half of all TPV demand globally by 2024:

  • Three of the four largest motor vehicle industries are found in US, Japan, and Germany.
  • TPVs are penetrating a variety of motor vehicle applications, including weather stripping and automotive corner mold seals, in these areas.
  • Industrial products will also offer opportunities in North America and Western Europe, where the developed status of these regional industries allow for the use of higher-grade material.

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Table of Contents

1. Executive Summary

2. About This Report

Report Details

Study Scope & Product Description

Impact of COVID-19 Pandemic

3. Overview

Historical Market Trends

Markets

Demand by Market

Motor Vehicles

Industrial Products

Consumer Goods

Medical Products

Other Markets

Demand by Region

Pricing Trends

Competitive Products

Leading Producers & Market Share

4. North America

North America: Demand by Country

North America: Demand by Market

United States

United States: Thermoplastic Vulcanizate Market Size & Historical Trends

United States: Demand by Market

Mexico

Mexico: Thermoplastic Vulcanizate Market Size & Historical Trends

Mexico: Demand by Market

Canada

Canada: Thermoplastic Vulcanizate Market Size & Historical Trends

Canada: Demand by Market

5. Central & South America

Central & South America: Demand by Country

Central & South America: Demand by Market

Brazil

Brazil: Thermoplastic Vulcanizate Market Size & Historical Trends

Brazil: Demand by Market

Other Central & South America

Other Central & South America: Thermoplastic Vulcanizate Market Size & Historical Trends

Other Central & South America: Demand by Market

6. Western Europe

Western Europe: Demand by Country

Western Europe: Demand by Market

Germany

Germany: Thermoplastic Vulcanizate Market Size & Historical Trends

Germany: Demand by Market

France

France: Thermoplastic Vulcanizate Market Size & Historical Trends

France: Demand by Market

Spain

Spain: Thermoplastic Vulcanizate Market Size & Historical Trends

Spain: Demand by Market

United Kingdom

United Kingdom: Thermoplastic Vulcanizate Market Size & Historical Trends

United Kingdom: Demand by Market

Italy

Italy: Thermoplastic Vulcanizate Market Size & Historical Trends

Italy: Demand by Market

Other Western Europe

Other Western Europe: Thermoplastic Vulcanizate Market Size & Historical Trends

Other Western Europe: Demand by Market

7. Eastern Europe

Eastern Europe: Demand by Country

Eastern Europe: Demand by Market

Russia

Russia: Thermoplastic Vulcanizate Market Size & Historical Trends

Russia: Demand by Market

Other Eastern Europe

Other Eastern Europe: Thermoplastic Vulcanizate Market Size & Historical Trends

Other Eastern Europe: Demand by Market

8. Asia/Pacific

Asia/Pacific: Demand by Country

Asia/Pacific: Demand by Market

China

China: Thermoplastic Vulcanizate Market Size & Historical Trends

China: Demand by Market

Japan

Japan: Thermoplastic Vulcanizate Market Size & Historical Trends

Japan: Demand by Market

South Korea

South Korea: Thermoplastic Vulcanizate Market Size & Historical Trends

South Korea: Demand by Market

India

India: Thermoplastic Vulcanizate Market Size & Historical Trends

India: Demand by Market

Thailand

Thailand: Thermoplastic Vulcanizate Market Size & Historical Trends

Thailand: Demand by Market

Taiwan

Taiwan: Thermoplastic Vulcanizate Market Size & Historical Trends

Taiwan: Demand by Market

Other Asia/Pacific

Other Asia/Pacific: Thermoplastic Vulcanizate Market Size & Historical Trends

Other Asia/Pacific: Demand by Market

9. Africa/Mideast

10. Appendix

Scope

Definitions

Freedonia Methodology

Study-Specific Methodology

Sources

Associations & Agencies

Related Studies & Reports

Country Lists by Region

Macroeconomic Assumptions

Global Economic Environment

Global Demographic Trends

Global Personal Consumption Expenditures

Global Motor Vehicle Production


List of Tables

2. About This Report

Table 2-1 | Annual Global Thermoplastic Vulcanizate Demand by Market, 2019 - 2021 (million metric tons)

3. Overview

Table 3-1 | Global Thermoplastic Vulcanizate Demand, 2009 - 2019 (thousand metric tons)

Table 3-2 | Global Thermoplastic Vulcanizate Demand by Market, 2009 - 2029 (thousand metric tons)

Table 3-3 | Global Motor Vehicle Thermoplastic Vulcanizate Demand by Region, 2009 - 2029 (thousand metric tons)

Table 3-4 | Global Industrial Product Thermoplastic Vulcanizate Demand by Region, 2009 - 2029 (thousand metric tons)

Table 3-5 | Global Consumer Goods Thermoplastic Vulcanizate Demand by Region, 2009 - 2029 (thousand metric tons)

Table 3-6 | Global Medical Product Thermoplastic Vulcanizate Demand by Region, 2009 - 2029 (thousand metric tons)

Table 3-7 | Other Global Thermoplastic Vulcanizate Markets Demand by Region, 2009 - 2029 (thousand metric tons)

Table 3-8 | Global Thermoplastic Vulcanizate Demand by Region, 2009 - 2029 (thousand metric tons)

4. North America

Table 4-1 | North America: Thermoplastic Vulcanizate Demand by Country, 2009 - 2029 (thousand metric tons)

Table 4-2 | North America: Thermoplastic Vulcanizate Demand by Market, 2009 - 2029 (thousand metric tons)

Table 4-3 | United States: Thermoplastic Vulcanizate Demand by Market, 2009 - 2029 (thousand metric tons)

Table 4-4 | Mexico: Thermoplastic Vulcanizate Demand by Market, 2009 - 2029 (thousand metric tons)

Table 4-5 | Canada: Thermoplastic Vulcanizate Demand by Market, 2009 - 2029 (thousand metric tons)

5. Central & South America

Table 5-1 | Central & South America: Thermoplastic Vulcanizate Demand by Country, 2009 - 2029 (thousand metric tons)

Table 5-2 | Central & South America: Thermoplastic Vulcanizate Demand by Market, 2009 - 2029 (thousand metric tons)

Table 5-3 | Brazil: Thermoplastic Vulcanizate Demand by Market, 2009 - 2029 (thousand metric tons)

Table 5-4 | Other Central & South America: Thermoplastic Vulcanizate Demand by Market, 2009 - 2029 (thousand metric tons)

6. Western Europe

Table 6-1 | Western Europe: Thermoplastic Vulcanizate Demand by Country, 2009 - 2029 (thousand metric tons)

Table 6-2 | Western Europe: Thermoplastic Vulcanizate Demand by Market, 2009 - 2029 (thousand metric tons)

Table 6-3 | Germany: Thermoplastic Vulcanizate Demand by Market, 2009 - 2029 (thousand metric tons)

Table 6-4 | France: Thermoplastic Vulcanizate Demand by Market, 2009 - 2029 (thousand metric tons)

Table 6-5 | Spain: Thermoplastic Vulcanizate Demand by Market, 2009 - 2029 (thousand metric tons)

Table 6-6 | United Kingdom: Thermoplastic Vulcanizate Demand by Market, 2009 - 2029 (thousand metric tons)

Table 6-7 | Italy: Thermoplastic Vulcanizate Demand by Market, 2009 - 2029 (thousand metric tons)

Table 6-8 | Other Western Europe: Thermoplastic Vulcanizate Demand by Market, 2009 - 2029 (thousand metric tons)

7. Eastern Europe

Table 7-1 | Eastern Europe: Thermoplastic Vulcanizate Demand by Country, 2009 - 2029 (thousand metric tons)

Table 7-2 | Eastern Europe: Thermoplastic Vulcanizate Demand by Market, 2009 - 2029 (thousand metric tons)

Table 7-3 | Russia: Thermoplastic Vulcanizate Demand by Market, 2009 - 2029 (thousand metric tons)

Table 7-4 | Other Eastern Europe: Thermoplastic Vulcanizate Demand by Market, 2009 - 2029 (thousand metric tons)

8. Asia/Pacific

Table 8-1 | Asia/Pacific: Thermoplastic Vulcanizate Demand by Country, 2009 - 2029 (thousand metric tons)

Table 8-2 | Asia/Pacific: Thermoplastic Vulcanizate Demand by Market, 2009 - 2029 (thousand metric tons)

Table 8-3 | China: Thermoplastic Vulcanizate Demand by Market, 2009 - 2029 (thousand metric tons)

Table 8-4 | Japan: Thermoplastic Vulcanizate Demand by Market, 2009 - 2029 (thousand metric tons)

Table 8-5 | South Korea: Thermoplastic Vulcanizate Demand by Market, 2009 - 2029 (thousand metric tons)

Table 8-6 | India: Thermoplastic Vulcanizate Demand by Market, 2009 - 2029 (thousand metric tons)

Table 8-7 | Thailand: Thermoplastic Vulcanizate Demand by Market, 2009 - 2029 (thousand metric tons)

Table 8-8 | Taiwan: Thermoplastic Vulcanizate Demand by Market, 2009 - 2029 (thousand metric tons)

Table 8-9 | Other Asia/Pacific: Thermoplastic Vulcanizate Demand by Market, 2009 - 2029 (thousand metric tons)

9. Africa/Mideast

Table 9-1 | Africa/Mideast: Thermoplastic Vulcanizate Demand by Market, 2009 - 2029 (thousand metric tons)

10. Appendix

Table 10-1 | Relevant HS Codes

Table 10-2 | Relevant NAICS & SIC Codes

Table 10-3 | Relevant NACE Codes

Table 10-4 | Countries in North America

Table 10-5 | Countries in Central & South America

Table 10-6 | Countries in Western Europe

Table 10-7 | Countries in Eastern Europe

Table 10-8 | Countries in the Asia/Pacific Region

Table 10-9 | Countries in the Africa/Mideast Region

Table 10-10 | Global Gross Domestic Product by Region & Country, 2009 - 2029 (billion 2018 dollars)

Table 10-11 | Global Population by Region & Country, 2009 - 2029 (million persons)

Table 10-12 | Global Personal Consumption Expenditures, 2009 - 2029 (billion 2018 US$)

Table 10-13 | Global Motor Vehicle Production, 2009 - 2029 (thousand units)


List of Figures

1. Executive Summary

Figure 1-1 | Global Thermoplastic Vulcanizates Market

2. About This Report

Figure 2-1 | Global Thermoplastic Vulcanizate Volume Demand Annual Growth, 2018 - 2024 (% annual change)

3. Overview

Figure 3-1 | Global Thermoplastic Vulcanizate Demand, 2004 - 2019 (thousand metric tons)

Figure 3-2 | Global Thermoplastic Vulcanizate Volume Demand Growth by Market, 2009 - 2029 (% CAGR)

Figure 3-3 | Global Thermoplastic Vulcanizate Demand by Region, 2009 - 2029 (thousand metric tons)

Figure 3-4 | TPEs & Competitive Products, 2019 - 2024 (% CAGR)

Figure 3-5 | Global Thermoplastic Vulcanizate Market Share by Company, 2019 (billion dollars)

4. North America

Figure 4-1 | North America: Thermoplastic Vulcanizate Demand by Country, 2009 - 2029 (thousand metric tons)

Figure 4-2 | United States: Thermoplastic Vulcanizate Demand, 2002 - 2024 (thousand metric tons)

Figure 4-3 | Mexico: Thermoplastic Vulcanizate Demand, 2002 - 2024 (thousand metric tons)

Figure 4-4 | Canada: Thermoplastic Vulcanizate Demand, 2002 - 2024 (thousand metric tons)

5. Central & South America

Figure 5-1 | Central & South America: Thermoplastic Vulcanizate Demand by Country, 2009 - 2029 (thousand metric tons)

Figure 5-2 | Brazil: Thermoplastic Vulcanizate Demand, 2002 - 2024 (thousand metric tons)

Figure 5-3 | Other Central & South America: Thermoplastic Vulcanizate Demand, 2002 - 2024 (thousand metric tons)

6. Western Europe

Figure 6-1 | Western Europe: Thermoplastic Vulcanizate Demand by Country, 2009 - 2029 (thousand metric tons)

Figure 6-2 | Germany: Thermoplastic Vulcanizate Demand, 2002 - 2024 (thousand metric tons)

Figure 6-3 | France: Thermoplastic Vulcanizate Demand, 2002 - 2024 (thousand metric tons)

Figure 6-4 | Spain: Thermoplastic Vulcanizate Demand, 2002 - 2024 (thousand metric tons)

Figure 6-5 | United Kingdom: Thermoplastic Vulcanizate Demand, 2002 - 2024 (thousand metric tons)

Figure 6-6 | Italy: Thermoplastic Vulcanizate Demand, 2002 - 2024 (thousand metric tons)

Figure 6-7 | Other Western Europe: Thermoplastic Vulcanizate Demand, 2002 - 2024 (thousand metric tons)

7. Eastern Europe

Figure 7-1 | Eastern Europe: Thermoplastic Vulcanizate Demand by Country, 2009 - 2029 (thousand metric tons)

Figure 7-2 | Russia: Thermoplastic Vulcanizate Demand, 2002 - 2024 (thousand metric tons)

Figure 7-3 | Other Eastern Europe: Thermoplastic Vulcanizate Demand, 2002 - 2024 (thousand metric tons)

8. Asia/Pacific

Figure 8-1 | Asia/Pacific: Thermoplastic Vulcanizate Demand by Country, 2009 - 2029 (thousand metric tons)

Figure 8-2 | China: Thermoplastic Vulcanizate Demand, 2002 - 2024 (thousand metric tons)

Figure 8-3 | Japan: Thermoplastic Vulcanizate Demand, 2002 - 2024 (thousand metric tons)

Figure 8-4 | South Korea: Thermoplastic Vulcanizate Demand, 2002 - 2024 (thousand metric tons)

Figure 8-5 | India: Thermoplastic Vulcanizate Demand, 2002 - 2024 (thousand metric tons)

Figure 8-6 | Thailand: Thermoplastic Vulcanizate Demand, 2002 - 2024 (thousand metric tons)

Figure 8-7 | Taiwan: Thermoplastic Vulcanizate Demand, 2002 - 2024 (thousand metric tons)

Figure 8-8 | Other Asia/Pacific: Thermoplastic Vulcanizate Demand, 2002 - 2024 (thousand metric tons)

9. Africa/Mideast

Figure 9-1 | Africa/Mideast: Thermoplastic Vulcanizate Demand, 2002 - 2024 (thousand metric tons)


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