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
Europe Thermoplastic Vulcanizate Market Segmentation
By Country
Company Profiles
| 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
|
| Regions and Countries Covered |
Europe
|
| Market leaders and key company profiles |
|
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.
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.
The Europe 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 Europe Thermoplastic Vulcanizate Market report:
The Europe Thermoplastic Vulcanizate Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Thermoplastic Vulcanizate Market report is valuable for diverse stakeholders, including:
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.
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