Thermoplastic vulcanizates (TPV) are a member of the thermoplastic elastomer (TPE) group of polymers, however they are nearest to EPDM thermoset rubber in elastomeric properties, due to the combine qualities of vulcanized rubber with the handling properties of thermoplastics. TPV is a dynamically vulcanized alloy comprising for the most part of completely cured EPDM rubber particles epitomized in a polypropylene (PP) framework. There are more than 100 grades in the Santoprene TPV prod portfolio which are utilized all around.
Thermoplastic vulcanizate are commonly used in the automotive, household appliance, electrical, construction and healthcare sectors. Thermoplastic vulcanizate market is witnessing significant rise in demand from various applications such as manufacturing of catheters, blood bags, and disposable gloves, owing to the some of the unique characteristics provided by thermoplastic vulcanizate, such as low drug absorption, environment-friendliness, optical clarity, and toughness. Also, the growing focus on research and development activities is expected to propel the growth of the market in the near future. Furthermore, the increasing demand of olefin-based copolymer thermoplastic vulcanizate, in diverse industries is expected to fuel the growth of the market in the forecast period. The rising focus of key players on the expansion of the application base is predicted to contribute extensively towards the development of the market in the near future.
The global thermoplastic vulcanizate market is estimated to grow at a CAGR of X.X% in terms of value from 2017 to 2022. The market is expected to reach USD XX.X million by 2022 growing at a CAGR of X.X% in between 2017 to 2022. North America is projected to register the highest CAGR of X.X% during the forecast period. The growing demand for thermoplastic vulcanizate as a replacement for PVC in the healthcare segment is one of the vital factors projected to fuel the growth of the global market in the next few years.
This market research study provides a detailed qualitative and quantitative analysis of the global thermoplastic vulcanizate market. Various secondary sources, such as encyclopedia, directories, industry journals, and databases are used to identify and collect information useful for this extensive commercial study of the thermoplastic vulcanizate market. The primary sources include experts from related industries and suppliers who have been interviewed to obtain and verify critical information as well as to assess the future prospects of the market.
An in-depth market share analysis, in terms of revenue, of the top companies is also included in the report. These numbers are arrived at based on key facts, annual financial information from SEC filings, annual reports, and interviews with industry experts and key opinion leaders such as CEOs, directors, and marketing executives. A detailed market share analysis of the leading players in the global thermoplastic vulcanizate market has been covered in this report. The key companies in this market include Kraton Polymers (US), Arkema Inc (France), Dexco Polymers LP (US), Lanxess AG (Germany), DuPont Performance Elastomers (US), The Dow Chemical Company (US), and Solvay Engineered Polymers (Belgium) and others.
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