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Asia Pacific Thermoplastic Vulcanizate Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By End-Use (Automotive, Building and Construction, Consumer Goods, Healthcare, Others), and Country

Code: TIPRE00019172 | Pages: 106 | Industry: Chemicals and Materials | Date: Feb 2021
Covid

Market Introduction

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.

Market Overview and Dynamics

The Asia Pacific Thermoplastic Vulcanizate market was valued at US$ 462.90 million in 2019 and is projected to reach US$ 745.87 million by 2027; it is expected to grow at a CAGR of 6.3% during the forecast period 2020-2027. 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.

Key Market Segments

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.

Major Sources and Companies Listed

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.

Impact of COVID-19 Pandemic on Thermoplastic Vulcanizate Market

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).

Reasons to buy the report

  • To understand the Thermoplastic Vulcanizate market landscape and identify market segments that are most likely to guarantee a strong return
  • To stay ahead by comprehending the ever-changing competitive landscape for the Thermoplastic Vulcanizate market
  • To efficiently plan M&A and partnership deals in the Thermoplastic Vulcanizate market by identifying market segments with most promising probable sales
  • To take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segments in the Thermoplastic Vulcanizate market
  • To obtain market revenue forecast for market by various segments from 2018 to 2027

Asia Pacific Thermoplastic Vulcanizate Market Segmentation

By End-Use Industry

  • Automotive
  • Building & Construction
  • Consumer Goods
  • Healthcare
  • Others

By Country

  • Australia
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia Pacific

Company Profiles

  • Alphagary
  • Exxon Mobil Corporation
  • Celanese Corporation
  • Kumho Polychem
  • Mitsubishi Chemical Corporation
  • Mitsui Chemicals, Inc.
  • Ravago
  • Teknor Apex Company, Inc.
  • Trinseo LLC
  • Zeon Chemicals L.P.

 

1.           Introduction

1.1         Study Scope

1.2         The Insight Partners Research Report Guidance

1.3         Market Segmentation

2.           Key Takeaways

3.           Research Methodology

3.1         Scope of the Study

3.2         Research Methodology

3.2.1        Data Collection:

3.2.2        Primary Interviews:

3.2.3        Hypothesis formulation:

3.2.4        Macro-economic factor analysis:

3.2.5        Developing base number:

3.2.6        Data Triangulation:

3.2.7        Country level data:

4.           Thermoplastic Vulcanizate Market Landscape

4.1         Market Overview

4.2         PEST Analysis

4.2.1        Asia Pacific

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 – Asia Pacific Market Analysis

6.1         Thermoplastic Vulcanizate Market Overview

6.2         Asia Pacific Thermoplastic Vulcanizate Market –Revenue and Forecast to 2027 (US$ Million)

7.           Thermoplastic Vulcanizate Market Analysis – By End Use Industry

7.1         Overview

7.2         Asia Pacific Thermoplastic Vulcanizate Market, By End Use Industry (2019 and 2027)

7.3         Automotive

7.3.1        Overview

7.3.1.1          Automotive: Thermoplastic Vulcanizate Market – Revenue and Forecast to 2027 (US$ Million)

7.4         Building & Construction

7.4.1        Overview

7.4.1.1          Building & Construction: Thermoplastic Vulcanizate Market – Revenue and Forecast to 2027 (US$ Million)

7.5         Consumer Goods

7.5.1        Overview

7.5.1.1          Consumer Goods: Thermoplastic Vulcanizate Market – Revenue and Forecast to 2027 (US$ Million)

7.6         Healthcare

7.6.1        Overview

7.6.1.1          Healthcare: Thermoplastic Vulcanizate Market – Revenue and Forecast to 2027 (US$ Million)

7.7         Others

7.7.1        Overview

7.7.1.1          Others: Thermoplastic Vulcanizate (TPV) Market – Revenue, and Forecast to 2027 (US$ Million)

8.           Thermoplastic Vulcanizate Market – Country Analysis

8.1         Asia Pacific: Thermoplastic Vulcanizate Market

8.1.1        APAC: Thermoplastic Vulcanizate (TPV) Market – Revenue and Forecast to 2027 (US$ Million)

8.1.2        APAC: Thermoplastic Vulcanizate (TPV) Market, by End Use Industry

8.1.3        APAC: Thermoplastic Vulcanizate (TPV) Market, by Key Country

8.1.3.1          Australia: Thermoplastic Vulcanizate (TPV) Market –Revenue and Forecast to 2027 (US$ Million)

8.1.3.1.1          Australia: Thermoplastic Vulcanizate (TPV) Market, by End Use Industry

8.1.3.2          China: Thermoplastic Vulcanizate (TPV) Market –Revenue and Forecast to 2027 (US$ Million)

8.1.3.2.1          China: Thermoplastic Vulcanizate (TPV) Market, by End Use Industry

8.1.3.3          India: Thermoplastic Vulcanizate (TPV) Market –Revenue and Forecast to 2027 (US$ Million)

8.1.3.3.1          India: Thermoplastic Vulcanizate (TPV) Market, by End Use Industry

8.1.3.4          Japan: Thermoplastic Vulcanizate (TPV) Market –Revenue and Forecast to 2027 (US$ Million)

8.1.3.4.1          Japan: Thermoplastic Vulcanizate (TPV) Market, by End Use Industry

8.1.3.5          South Korea: Thermoplastic Vulcanizate (TPV) Market –Revenue and Forecast to 2027 (US$ Million)

8.1.3.5.1          South Korea: Thermoplastic Vulcanizate (TPV) Market, by End Use Industry

8.1.3.6          Rest of APAC: Thermoplastic Vulcanizate (TPV) Market –Revenue and Forecast to 2027 (US$ Million)

8.1.3.6.1          Rest of APAC: Thermoplastic Vulcanizate (TPV) Market, by End Use Industry

9.           Impact of COVID-19 Pandemic on Asia Pacific Thermoplastic Vulcanizate Market

9.1         Overview

10.        Industry Landscape

10.1      Mergers and Acquisitions

11.        Company Profiles

11.1      Mitsui Chemicals, Inc.

11.1.1     Key Facts

11.1.2     Business Description

11.1.3     Products and Services

11.1.4     Financial Overview

11.1.5     SWOT Analysis

11.1.6     Key Developments

11.2      Celanese Corporation

11.2.1     Key Facts

11.2.2     Business Description

11.2.3     Products and Services

11.2.4     Financial Overview

11.2.5     SWOT Analysis

11.2.6     Key Developments

11.3      Mitsubishi Chemical Corporation

11.3.1     Key Facts

11.3.2     Business Description

11.3.3     Products and Services

11.3.4     Financial Overview

11.3.5     SWOT Analysis

11.4      Kumho Polychem

11.4.1     Key Facts

11.4.2     Business Description

11.4.3     Products and Services

11.4.4     Financial Overview

11.4.5     SWOT Analysis

11.4.6     Key Developments

11.5      Trinseo

11.5.1     Key Facts

11.5.2     Business Description

11.5.3     Products and Services

11.5.4     Financial Overview

11.5.5     SWOT Analysis

11.6      Teknor Apex

11.6.1     Key Facts

11.6.2     Business Description

11.6.3     Products and Services

11.6.4     Financial Overview

11.6.5     SWOT Analysis

11.7      ExxonMobil

11.7.1     Key Facts

11.7.2     Business Description

11.7.3     Products and Services

11.7.4     Financial Overview

11.7.5     SWOT Analysis

11.7.6     Key Developments

11.8      Zeon Chemicals L.P.

11.8.1     Key Facts

11.8.2     Business Description

11.8.3     Products And Services

11.8.4     Financial Overview

11.8.5     Swot Analysis

11.9      Alphagary

11.9.1     Key Facts

11.9.2     Business Description

11.9.3     Products And Services

11.9.4     Financial Overview

11.9.5     Swot Analysis

11.10   Ravago Manufacturing

11.10.1  Key Facts

11.10.2  Business Description

11.10.3  Products And Services

11.10.4  Financial Overview

11.10.5  Swot Analysis

12.        Appendix

12.1      About The Insight Partners

12.2      Glossary of Terms

 

LIST OF TABLES

Table 1.             Asia Pacific Thermoplastic Vulcanizate Market –Revenue and Forecast to 2027 (US$ Million)

Table 2.             APAC Thermoplastic Vulcanizate (TPV) Market, by End Use Industry – Revenue and Forecast to 2027 (US$ Million)

Table 3.             Glossary of Terms, Thermoplastic Vulcanizate (TPV) Market

 

LIST OF FIGURES

Figure 1.           Thermoplastic Vulcanizate Market Segmentation

Figure 2.           Thermoplastic Vulcanizate Market Segmentation – By Country

Figure 3.           Asia Pacific Thermoplastic Vulcanizate Market Overview

Figure 4.           Automotive Segment Held Largest Share of Asia Pacific Thermoplastic Vulcanizate Market

Figure 5.           Japan Country Held Largest Share of Asia Pacific Thermoplastic Vulcanizate Market

Figure 6.           Asia Pacific Thermoplastic Vulcanizate Market, Industry Landscape

Figure 7.           Asia Pacific: PEST Analysis

Figure 8.           Expert Opinion

Figure 9.           Thermoplastic Vulcanizate (TPV) Market Impact Analysis Of Driver And Restraints

Figure 10.        Asia Pacific Thermoplastic Vulcanizate Market – Revenue and Forecast to 2027 (US$ Million)

Figure 11.        Asia Pacific Thermoplastic Vulcanizate Market Revenue Share, by End Use Industry (2019 and 2027)

Figure 12.        Asia Pacific Automotive: Thermoplastic Vulcanizate Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 13.        Asia Pacific Building & Construction: Thermoplastic Vulcanizate Market –Revenue and Forecast to 2027 (US$ Million)

Figure 14.        Asia Pacific Consumer Goods: Thermoplastic Vulcanizate Market –Revenue and Forecast to 2027 (US$ Million)

Figure 15.        Asia Pacific Healthcare: Thermoplastic Vulcanizate Market –Revenue and Forecast to 2027 (US$ Million)

Figure 16.        Others: Thermoplastic Vulcanizate (TPV) Market – Revenue, and Forecast to 2027 (US$ Million)

Figure 17.        APAC: Thermoplastic Vulcanizate (TPV) Market – Revenue and Forecast to 2027 (US$ Million)

Figure 18.        APAC: Thermoplastic Vulcanizate (TPV) Market Revenue Share, by End Use Industry (2019 and 2027)

Figure 19.        APAC: Thermoplastic Vulcanizate (TPV) Market Revenue Share, by Key Country (2019 and 2027)

Figure 20.        Australia: Thermoplastic Vulcanizate (TPV) Market –Revenue and Forecast to 2027 (US$ Million)

Figure 21.        China: Thermoplastic Vulcanizate (TPV) Market –Revenue and Forecast to 2027 (US$ Million)

Figure 22.        India: Thermoplastic Vulcanizate (TPV) Market –Revenue and Forecast to 2027 (US$ Million)

Figure 23.        Japan: Thermoplastic Vulcanizate (TPV) Market –Revenue and Forecast to 2027 (US$ Million)

Figure 24.        South Korea: Thermoplastic Vulcanizate (TPV) Market –Revenue and Forecast to 2027 (US$ Million)

Figure 25.        Rest of APAC: Thermoplastic Vulcanizate (TPV) Market –Revenue and Forecast to 2027 (US$ Million)

Figure 26.        Impact of COVID-19 Pandemic in Asia Pacific Country Markets

 

 

  1. Alphagary
  2. Exxon Mobil Corporation
  3. Celanese Corporation
  4. Kumho Polychem
  5. Mitsubishi Chemical Corporation
  6. Mitsui Chemicals, Inc.
  7. Ravago
  8. Teknor Apex Company, Inc.
  9. Trinseo LLC
  10. Zeon Chemicals L.P.
  • Highlights key business priorities in order to assist companies to realign their business strategies.
  • The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific Thermoplastic Vulcanizate market, thereby allowing players to develop effective long-term strategies.
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
  • Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it.
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.

 


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