Middle East and Africa 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
MIDDLE EAST AND AFRICA THERMOPLASTIC VULCANIZATE RD
Middle East and Africa Thermoplastic Vulcanizate Market Forecast to 2027 – COVID-19 Impact and Middle East and Africa Analysis – By End-Use (Automotive, Building and Construction, Consumer Goods, Healthcare, Others), and Country
Pages: 93
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 Middle East and Africa Thermoplastic Vulcanizate market was valued at US$ 98.14 million in 2019 and is projected to reach US$ 151.52 million by 2027; it is expected to grow at a CAGR of 5.7% 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 Middle East and Africa.
Key Market Segments
By end-use industry, the automotive segment accounted for the largest market share in the Middle East and Africa 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 Middle East and Africa Thermoplastic Vulcanizate market included in the report are Mitsui Chemicals, Inc., Celanese Corporation, Kumho Polychem, Trinseo, ExxonMobil, Zeon Chemicals L.P., Alphagary, and Ravago.
Impact of COVID-19 Pandemic on Thermoplastic Vulcanizate Market
South Africa has the largest COVID-19 cases in the Middle East and Africa region, and is followed by Saudi Arabia and UAE, among others. UAE was the first country in Middle East and Africa to report a confirmed case of coronavirus. Due to lockdown in Middle East and African countries, various chemicals & materials companies remain closed which led to the reduction in the sale of various products which has negatively impacted the market for thermoplastic vulcanizate (TPV) in the region.
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
Middle East and Africa Thermoplastic Vulcanizate Market Segmentation
By Country
- South Africa
- Saudi Arabia
- UAE
- Rest of Middle East and Africa
Company Profiles
- Alphagary
- Exxon Mobil Corporation
- Celanese Corporation
- Kumho Polychem
- Mitsui Chemicals, Inc.
- Ravago
- 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 Middle East and Africa
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 – Middle East and Africa Market Analysis
6.1 Thermoplastic Vulcanizate Market Overview
6.2 Middle East and Africa Thermoplastic Vulcanizate Market –Revenue and Forecast to 2027 (US$ Million)
7. Thermoplastic Vulcanizate Market Analysis – By End Use Industry
7.1 Overview
7.2 Middle East and Africa 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 Middle East and Africa: Thermoplastic Vulcanizate Market
8.1.1 MEA: Thermoplastic Vulcanizate (TPV) Market – Revenue and Forecast to 2027 (US$ Million)
8.1.2 MEA: Thermoplastic Vulcanizate (TPV) Market, by End Use Industry
8.1.3 MEA: Thermoplastic Vulcanizate (TPV) Market, by Key Country
8.1.3.1 South Africa: Thermoplastic Vulcanizate (TPV) Market –Revenue and Forecast to 2027 (US$ Million)
8.1.3.1.1 South Africa: Thermoplastic Vulcanizate (TPV) Market, by End Use Industry
8.1.3.2 Saudi Arabia: Thermoplastic Vulcanizate (TPV) Market –Revenue and Forecast to 2027 (US$ Million)
8.1.3.2.1 Saudi Arabia: Thermoplastic Vulcanizate (TPV) Market, by End Use Industry
8.1.3.3 UAE: Thermoplastic Vulcanizate (TPV) Market –Revenue and Forecast to 2027 (US$ Million)
8.1.3.3.1 UAE: Thermoplastic Vulcanizate (TPV) Market, by End Use Industry
8.1.3.4 Rest of MEA: Thermoplastic Vulcanizate (TPV) Market –Revenue and Forecast to 2027 (US$ Million)
8.1.3.4.1 Rest of MEA: Thermoplastic Vulcanizate (TPV) Market, by End Use Industry
9. Impact of COVID-19 Pandemic on Middle East and Africa Thermoplastic Vulcanizate Market
9.1 Overview
10. Company Profiles
10.1 Mitsui Chemicals, Inc.
10.1.1 Key Facts
10.1.2 Business Description
10.1.3 Products and Services
10.1.4 Financial Overview
10.1.5 SWOT Analysis
10.1.6 Key Developments
10.2 Celanese Corporation
10.2.1 Key Facts
10.2.2 Business Description
10.2.3 Products and Services
10.2.4 Financial Overview
10.2.5 SWOT Analysis
10.2.6 Key Developments
10.3 Kumho Polychem
10.3.1 Key Facts
10.3.2 Business Description
10.3.3 Products and Services
10.3.4 Financial Overview
10.3.5 SWOT Analysis
10.3.6 Key Developments
10.4 Trinseo
10.4.1 Key Facts
10.4.2 Business Description
10.4.3 Products and Services
10.4.4 Financial Overview
10.4.5 SWOT Analysis
10.5 ExxonMobil
10.5.1 Key Facts
10.5.2 Business Description
10.5.3 Products and Services
10.5.4 Financial Overview
10.5.5 SWOT Analysis
10.5.6 Key Developments
10.6 Zeon Chemicals L.P.
10.6.1 Key Facts
10.6.2 Business Description
10.6.3 Products And Services
10.6.4 Financial Overview
10.6.5 Swot Analysis
10.7 Alphagary
10.7.1 Key Facts
10.7.2 Business Description
10.7.3 Products And Services
10.7.4 Financial Overview
10.7.5 Swot Analysis
10.8 Ravago Manufacturing
10.8.1 Key Facts
10.8.2 Business Description
10.8.3 Products And Services
10.8.4 Financial Overview
10.8.5 Swot Analysis
11. Appendix
11.1 About The Insight Partners
11.2 Glossary of Terms
LIST OF TABLES
Table 1. Middle East and Africa Thermoplastic Vulcanizate Market –Revenue and Forecast to 2027 (US$ Million)
Table 2. MEA 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. Middle East and Africa Thermoplastic Vulcanizate Market Overview
Figure 4. Automotive Segment Held Largest Share of Middle East and Africa Thermoplastic Vulcanizate Market
Figure 5. Rest of MEA Country Held Largest Share of Middle East and Africa Thermoplastic Vulcanizate Market
Figure 6. Middle East and Africa Thermoplastic Vulcanizate Market, Industry Landscape
Figure 7. Middle East and Africa: PEST Analysis
Figure 8. Expert Opinion
Figure 9. Thermoplastic Vulcanizate (TPV) Market Impact Analysis Of Driver And Restraints
Figure 10. Middle East and Africa Thermoplastic Vulcanizate Market – Revenue and Forecast to 2027 (US$ Million)
Figure 11. Middle East and Africa Thermoplastic Vulcanizate Market Revenue Share, by End Use Industry (2019 and 2027)
Figure 12. Middle East and Africa Automotive: Thermoplastic Vulcanizate Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 13. Middle East and Africa Building & Construction: Thermoplastic Vulcanizate Market –Revenue and Forecast to 2027 (US$ Million)
Figure 14. Middle East and Africa Consumer Goods: Thermoplastic Vulcanizate Market –Revenue and Forecast to 2027 (US$ Million)
Figure 15. Middle East and Africa 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. MEA: Thermoplastic Vulcanizate (TPV) Market – Revenue and Forecast to 2027 (US$ Million)
Figure 18. MEA: Thermoplastic Vulcanizate (TPV) Market Revenue Share, by End Use Industry (2019 and 2027)
Figure 19. MEA: Thermoplastic Vulcanizate (TPV) Market Revenue Share, by Key Country (2019 and 2027)
Figure 20. South Africa: Thermoplastic Vulcanizate (TPV) Market –Revenue and Forecast to 2027 (US$ Million)
Figure 21. Saudi Arabia: Thermoplastic Vulcanizate (TPV) Market –Revenue and Forecast to 2027 (US$ Million)
Figure 22. UAE: Thermoplastic Vulcanizate (TPV) Market –Revenue and Forecast to 2027 (US$ Million)
Figure 23. Rest of MEA: Thermoplastic Vulcanizate (TPV) Market –Revenue and Forecast to 2027 (US$ Million)
Figure 24. Impact of COVID-19 Pandemic in Middle East and Africa Country Markets
- Alphagary
- Exxon Mobil Corporation
- Celanese Corporation
- Kumho Polychem
- Mitsui Chemicals, Inc.
- Ravago
- Trinseo LLC
- 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 Middle East and Africa 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.