North America 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
NORTH AMERICA THERMOPLASTIC VULCANIZATE RD
North America Thermoplastic Vulcanizate Market Forecast to 2027 – COVID-19 Impact and North America Analysis – By End-Use (Automotive, Building and Construction, Consumer Goods, Healthcare, Others), and Country
Pages: 101
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.
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Market Overview and Dynamics
The North America Thermoplastic Vulcanizate market was valued at US$ 659.21 million in 2019 and is projected to reach US$ 1,048.92 million by 2027; it is expected to grow at a CAGR of 6.1% 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 North America.
Key Market Segments
By end-use industry, the automotive segment accounted for the largest market share in the North America 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 North America 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 U.S has the highest number of confirmed cases of COVID-19, as, compared to Mexico and Canada. This is likely to impact the chemical and materials industry in the region as, due to the COVID-19, the supply chain is likely to get affected. In addition, the overall manufacturing processes, research, and development activities will also impact market growth.
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
North America Thermoplastic Vulcanizate Market Segmentation
By Country
- US
- Canada
- Mexico
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 North America
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 – North America Market Analysis
6.1 Thermoplastic Vulcanizate Market Overview
6.2 North America Thermoplastic Vulcanizate Market –Revenue and Forecast to 2027 (US$ Million)
7. Thermoplastic Vulcanizate Market Analysis – By End Use Industry
7.1 Overview
7.2 North America 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 North America: Thermoplastic Vulcanizate Market
8.1.1 North America: Thermoplastic Vulcanizate (TPV) Market – Revenue and Forecast to 2027 (US$ Million)
8.1.2 North America: Thermoplastic Vulcanizate (TPV) Market, by End Use Industry
8.1.3 North America: Thermoplastic Vulcanizate (TPV) Market, by Key Country
8.1.3.1 US: Thermoplastic Vulcanizate (TPV) Market –Revenue and Forecast to 2027 (US$ Million)
8.1.3.1.1 US: Thermoplastic Vulcanizate (TPV) Market, by End Use Industry
8.1.3.2 Canada: Thermoplastic Vulcanizate (TPV) Market –Revenue and Forecast to 2027 (US$ Million)
8.1.3.2.1 Canada: Thermoplastic Vulcanizate (TPV) Market, by End Use Industry
8.1.3.3 Mexico: Thermoplastic Vulcanizate (TPV) Market –Revenue and Forecast to 2027 (US$ Million)
8.1.3.3.1 Mexico: Thermoplastic Vulcanizate (TPV) Market, by End Use Industry
9. Impact of COVID-19 Pandemic on North America Thermoplastic Vulcanizate Market
9.1 Overview
10. Industry Landscape
10.1 Mergers and Acquisitions
10.2 Strategy and Business Planning
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. North America Thermoplastic Vulcanizate Market –Revenue and Forecast to 2027 (US$ Million)
Table 2. North America Thermoplastic Vulcanizate (TPV) Market, by End Use Industry – Revenue and Forecast to 2027 (US$ Million)
Table 3. US Thermoplastic Vulcanizate (TPV) Market, by End Use Industry – Revenue and Forecast to 2027 (US$ Million)
Table 4. Canada Thermoplastic Vulcanizate (TPV) Market, by End Use Industry – Revenue and Forecast to 2027 (US$ Million)
Table 5. Mexico Thermoplastic Vulcanizate (TPV) Market, by End Use Industry – Revenue and Forecast to 2027 (US$ Million)
Table 6. 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. North America Thermoplastic Vulcanizate Market Overview
Figure 4. Automotive Segment Held Largest Share of North America Thermoplastic Vulcanizate Market
Figure 5. US Country Held Largest Share of North America Thermoplastic Vulcanizate Market
Figure 6. North America Thermoplastic Vulcanizate Market, Industry Landscape
Figure 7. North America: PEST Analysis
Figure 8. Expert Opinion
Figure 9. Thermoplastic Vulcanizate (TPV) Market Impact Analysis Of Driver And Restraints
Figure 10. North America Thermoplastic Vulcanizate Market – Revenue and Forecast to 2027 (US$ Million)
Figure 11. North America Thermoplastic Vulcanizate Market Revenue Share, by End Use Industry (2019 and 2027)
Figure 12. North America Automotive: Thermoplastic Vulcanizate Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 13. North America Building & Construction: Thermoplastic Vulcanizate Market –Revenue and Forecast to 2027 (US$ Million)
Figure 14. North America Consumer Goods: Thermoplastic Vulcanizate Market –Revenue and Forecast to 2027 (US$ Million)
Figure 15. North America 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. North America: Thermoplastic Vulcanizate (TPV) Market – Revenue and Forecast to 2027 (US$ Million)
Figure 18. North America: Thermoplastic Vulcanizate (TPV) Market Revenue Share, by End Use Industry (2019 and 2027)
Figure 19. North America: Thermoplastic Vulcanizate (TPV) Market Revenue Share, by Key Country (2019 and 2027)
Figure 20. US: Thermoplastic Vulcanizate (TPV) Market –Revenue and Forecast to 2027 (US$ Million)
Figure 21. Canada: Thermoplastic Vulcanizate (TPV) Market –Revenue and Forecast to 2027 (US$ Million)
Figure 22. Mexico: Thermoplastic Vulcanizate (TPV) Market –Revenue and Forecast to 2027 (US$ Million)
Figure 23. Impact of COVID-19 Pandemic in North American Country Markets
- 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.
- 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 North America 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.