Europe Thermoplastic Vulcanizate Market Share by Size and Growth 2027

EUROPE THERMOPLASTIC VULCANIZATE RD

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

Pages: 105

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 Europe Thermoplastic Vulcanizate market was valued at US$ 1377.70 million in 2019 and is projected to reach US$ 592.51 million by 2027; it is expected to grow at a CAGR of 5.9% 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 Europe.

Key Market Segments

By end-use industry, the automotive segment accounted for the largest market share in the Europe 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 Europe 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

In Europe, as per the recent data, Russia has recorded the highest number of COVID cases. Other than this, France, UK, Italy, Spain and Germany have also been hit hard and are expected to suffer an economic hit due to a lack of revenue from various industries. Other member states have implemented drastic measures and travel restrictions, including partially closing their borders. This is anticipated to impact market growth in Europe.

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

Europe Thermoplastic Vulcanizate Market Segmentation

By End-Use Industry

Automotive
Building & Construction
Consumer Goods
Healthcare
Others

By Country

Germany
UK
Italy
Russia
France
Rest of Europe

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.

Europe Thermoplastic Vulcanizate Market Strategic Insights

Europe Thermoplastic VulcanizateMarket Report Highlights

Report Attribute	Details
Market size in 2019	US$ 1377.70 Million
Market Size by 2027	US$ 592.51 Million
CAGR (2020 - 2027)	5.9%
Historical Data	2017-2018
Forecast period	2020-2027
Segments Covered	By End-Use Automotive Building and Construction Consumer Goods Healthcare
Regions and Countries Covered
Europe	UK, Germany, France, Russia, Italy, Rest of Europe
Market leaders and key 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.

Europe Thermoplastic Vulcanizate Market Country and Regional Insights

10 Trust & Transparency

Research Methodology

The market analysis combines proprietary research with secondary data from government agencies, company disclosures, regulatory filings, industry databases and expert interviews. Market estimates are validated through data triangulation, cross-market benchmarking and analyst review.

View Full Research Methodology

12 Questions Answered

Frequently Asked Questions

How big is the Europe Thermoplastic Vulcanizate Market?

The Europe Thermoplastic Vulcanizate Market is valued at US$ 1377.70 Million in 2019, it is projected to reach US$ 592.51 Million by 2027.

What is the CAGR for Europe Thermoplastic Vulcanizate Market by (2020 - 2027)?

As per our report Europe Thermoplastic Vulcanizate Market, the market size is valued at US$ 1377.70 Million in 2019, projecting it to reach US$ 592.51 Million by 2027. This translates to a CAGR of approximately 5.9% during the forecast period.

What segments are covered in this report?

The Europe Thermoplastic Vulcanizate Market report typically cover these key segments-

End-Use (Automotive, Building and Construction, Consumer Goods, Healthcare)

What is the historic period, base year, and forecast period taken for Europe Thermoplastic Vulcanizate Market?

The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Thermoplastic Vulcanizate Market report:

Historic Period : 2017-2018
Base Year : 2019
Forecast Period : 2020-2027

Who are the major players in Europe Thermoplastic Vulcanizate Market?

The Europe Thermoplastic Vulcanizate Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:

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.

Who should buy this report?

The Europe Thermoplastic Vulcanizate Market report is valuable for diverse stakeholders, including:

Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.

Essentially, anyone involved in or considering involvement in the Europe Thermoplastic Vulcanizate Market value chain can benefit from the information contained in a comprehensive market report.