Thermoplastic vulcanizates (TPVs)
are high-performance elastomers having special characteristics of vulcanized
rubber as well as of thermoplastics. TPV typically comprises of 60% to 70% of
ethylene propylene diene monomer (EPDM) and 30% to 40% of impact polypropylene.
TPVs have superior strength, high-temperature mechanical properties, and a
better compression set than partially cured material. The major application of
TPVs is in the automobile industry. TPVs can be molded, injected, extruded, and
thermo-folded easily. The biggest advantage of TPVs is that they can be
recycled. Other application areas of TPVs include fluid handling, consumer
products, construction, health care, and packaging.
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The demand for TPVs is mainly driven
by its growing use in the automotive industry where they are displacing EPDM in
less demanding molded window seals. Also, light weight, high performance, and
environmentally friendly materials in the automotive market are driving the
market for TPVs in the automotive industry. Moreover, the growing concern
regarding the impact PVC has on the environment has led to a shift in
trend towards replacing PVC with TPVs, which is also acting as one of the major
driver boosting the market for TPVs in the automotive and fluid handling
industry. As consumer goods are a highly commoditized market, they are less
attractive for TPVs compared to some other markets like automotive and fluid
handling.
The growing demand for lightweight
materials for manufacturing auto components from the U.S. automotive industry
is the major factor for the emergence of North America as the biggest market
for TPVs. The Asia-Pacific region is the second largest consumer of TPVs
followed by Europe and other countries. The rapid industrialization and the
growing disposable incomes in emerging economies of China and India are
propelling the growth of TPVs in the region. It is expected that the
Asia-Pacific region will be the fastest growing one in the next six
years.
Some of the key players in this
industry include Arkema Inc, Chemtura Corporation, Dexco Polymers LP, DuPont
Performance Elastomers, Kraton Polymers, Solvay Engineered Polymers, and the
Dow Chemical Company.
This research report analyzes this
market depending on its market segments, major geographies, and current market
trends. Geographies analyzed under this research report include
- North America
- Asia Pacific
- Europe
- Rest of the World
This report provides comprehensive
analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.
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