CHICAGO , Feb. 20, 2023 /PRNewswire/ -- The report "Thermoplastic Vulcanizates Market by Processing Method (Injection Molding, Extrusion), Application (Automotive, Footwear, Consumer Goods, Fluid Handling, Medical), and Region (North America , Europe , South America , APAC, MEA) - Global Forecast to 2032", is approximated to be USD 2.6 billion in 2022, and it is projected to reach USD 4.9 billion by 2032, at a CAGR of 6.5%.
Rising population, increasing disposal income, rising industrialization, improving living standards, rising concerns towards sustainability, increasing economic activities, rising developmental activities, increasing demands of automotive vehicles, and stringent emissions norms across the countries are boosting the growth of thermoplastic vulcanizates. However, the fluctuating prices of the raw materials for producing thermoplastic vulcanizates are the prime restraint factor that affects the market of thermoplastic vulcanizates. Opportunities in the thermoplastic vulcanizates market are the usage of bio-based thermoplastic vulcanizates in various end-use industries and increasing its demands across the medical and healthcare sector. Technological advancements in thermoplastic vulcanizates becoming a major challenge for the market.
Browse in-depth TOC on "Thermoplastic Vulcanizates Market"
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=179069237
By Processing Method, Injection Molding accounted for the largest share in 2021
Injection molding is a typical industrial processing method that is used to produce several products made from thermoplastic vulcanizates, such as toys, automotive components, etc. The TPV material is melted and then injected under high pressure into a mold in this procedure. The mold is then cooled, allowing the material to harden into the appropriate shape. After that, the mold is opened, and the portion is removed. This method is suitable for generating a wide range of TPV parts because it can generate complex forms with good dimensional precision and reproducibility.
By Application, the Automotive segment accounted for the largest share in 2021
Thermoplastic vulcanizates are gaining much popularity in various commercial and industrial fields, especially the automotive industry. This is attributed to its several favorable properties, such as lower compression set, lower stiffness, greater resistance to fatigue, better elastic recovery, higher ultimate mechanical properties, higher melt strength, enhanced resistance to heat and chemicals, improved high-temperature utility, and others. Thermoplastic vulcanizates are found in numerous applications in the automotive industry, such as weatherstripping, door and trunk seals, air intake ducts, air cleaner housings, engine compartment seals, radiator hoses, vacuum hoses, gaskets, seals, and bushings.
Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=179069237
Asia Pacific accounted for the largest share of the Thermoplastic Vulcanizates Market in 2021
Because of increasing developmental activities, rising economic expansion, increasing population, improving living standards, stringent emissions norms, growing concern towards sustainability, and increasing demands of automotive vehicles in the Asia Pacific region, which, in turn, are expected to lead the growth of the thermoplastic vulcanizates market. Owing to the increasing income of people in this region, the demand for automotive vehicles, consumer goods, the need for residential and non-residential complexes etc., are increasing, which also led the market of thermoplastic vulcanizates in the forecast period.
The thermoplastic vulcanizates market comprises major players such as LyondellBasell Industries Holdings B.V. (Netherlands ), Celanese Corporation (US), DuPont de Nemours, Inc. (US), Mitsui Chemicals, Inc.(Japan ), Trinseo Plc (US)., Mitsubishi Chemical Corporation (Japan ), Lotte Chemical Corporation (South Korea ), RTP Company (US), HEXPOL AB. (Sweden ), and Avient Corporation (US) and others are covered in the thermoplastic vulcanizates market. Expansions, acquisitions, joint ventures, and new product developments are some of the major strategies adopted by these key players to enhance their positions in the thermoplastic vulcanizates market.
Browse Adjacent Market: Resins and Polymers Market Research Reports & Consulting
Thermoplastic Polyolefin (TPO) Market - Global Forecast to 2026
Thermoplastic Polyurethane (TPU) Market - Global Forecast to 2024
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : +1-888-600-6441 Email: sales@marketsandmarkets.com Research Insights: https://www.marketsandmarkets.com/Market-Reports/thermoplastic-vulcanizates-market-179069237.html Visit Our Website: https://www.marketsandmarkets.com/ Content Source: https://www.marketsandmarkets.com/PressReleases/thermoplastic-vulcanizates.asp
Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg
View original content:https://www.prnewswire.com/news-releases/thermoplastic-vulcanizates-market-worth-4-9-billion-by-2032--exclusive-report-by-marketsandmarkets-301750609.html
These successful folks have a different kind of drive.
The SECURE 2.0 Act, signed by President Biden in December 2022, includes dozens of changes to provisions related to tax-advantaged retirement accounts. Among the most important changes is a provision, which took effect Jan. 1 of this year, that delays … Continue reading → The post Your Required Minimum Distributions (RMDs) Have Officially Been Pushed Back appeared first on SmartAsset Blog.
Energy stocks outperformed last year, with the sector generally gaining 59% in a year when the S&P 500 dropped 19%. That’s serious performance, the kind that will always delight investors, and it has traders and analysts alike watching the energy sector closely in this first quarter of 2023. So far, the energy sector is holding back from the action. Inflation appears to be cooling and the Federal Reserve has indicated that it may take a slower pace for future interest rate hikes, both developmen
The electric vehicle maker is holding a much-awaited investor day on March 1. The Model 2, a cheaper low-cost vehicle could be released, experts speculate.
The current economic situation is turbulent for investors, to say the least. From the threat of a looming recession to high inflation, current market conditions mean that it is becoming increasingly difficult for investors to predict what’s happening next. Wall Street’s analysts, however, are up to the task, and from BMO, chief investment strategist Brian Belski has noted some important factors that investors will need to consider. First, in Belski’s view, is the fact that bear markets typically
My wife and I are 70 years old. We've paid off everything, including the house. Between my pension of $29,000 and Social Security, we're getting a gross of $99,000 a year in income, which is more than enough. Our current … Continue reading → The post Ask an Advisor: We Are 70 Years Old, Have $99K in Retirement Income, a $1.4M IRA and Other Investments. Is It Too Late to Convert to a Roth? appeared first on SmartAsset Blog.
(Bloomberg) -- After fueling the big Wall Street rebound, trend-following quants now look poised to offload stocks if the S&P 500 falls below a key technical threshold, warns JPMorgan Chase & Co.’s trading desk. Most Read from BloombergElon Musk Regains His Spot as the World’s Richest PersonNigeria Latest: Tinubu Wins in Six States; Obi Takes ThreeTD Bank to Pay $1.2 Billion to End Suit Tied to Ponzi SchemeNigeria Latest: Tinubu Wins Ekiti Vote; Next Briefing at 11 a.m.Goldman Turns to ‘Make-or-
The young founder hits back at the bank in new filings, alleging JPMorgan should have known what it was buying. Javice is demanding a trial by jury.
While he’s not as popular as Jeff Bezos or Elon Musk in the U.S., Bernard Arnault doesn’t need to be — he’s the richest person in the world and may have the most unique story amongst his billionaire peers. Arnault, 73, born in France, may be most well-known today for his founding and current leadership of LVMH Moët Hennessy Louis Vuitton, the world's largest luxury goods company, but how he got there involved one French Franc ($0.16 USD), real estate in the French Riviera, and condominiums in Pa
The Zacks Consensus Estimate for Luminar's (LAZR) Q4 loss per share and revenues is pegged at 22 cents and $12.9 million, respectively.
You earned that money, might as well hold onto it.
Let us look at four drug and biotech companies, NVAX, IOVA, ALLO, SRPT and FATE, which are gearing up for their earnings release.
Every employer should review their wage and hour compliance regularly, an employment attorney says.
Here's how BlackRock Inc., the world's largest asset manager, is bracing for the economic damage it expects to result from high interest rates.
Every year, investors await Warren Buffett’s annual shareholder letter with excitement, hoping for the insights and flair that make it a must-read. The eagerly anticipated missive released Saturday didn’t address some key issues, including the slowdown in stock buybacks at Berkshire Hathaway the troubles at Geico, and succession. The stake is now worth $24 billion, well above Berkshire’s cost of $1.3 billion.
Growth stock Novo Nordisk is showing strength after FDA approval of breakthrough oral drug for type 2 diabetes. Shares are in a base.
Nio reports Q4 FY 2022 earnings on March 1. Analysts predict COVID lockdowns, supply chain issues, and a challenging economy could widen losses.
Wood's flagship Ark Innovation ETF has stumbled 45% during the past year but has rebounded 24% so far this year.
(Bloomberg) -- Last year’s strong outperformance in cheaper, so-called value stocks over growth peers is likely to reverse soon as the economic recovery slows, say JPMorgan Chase & Co. strategists.Most Read from BloombergElon Musk Regains His Spot as the World’s Richest PersonNigeria Latest: Tinubu Wins in Six States; Obi Takes ThreeNigeria Latest: Tinubu Wins Ekiti Vote; Next Briefing at 11 a.m.TD Bank to Pay $1.2 Billion to End Suit Tied to Ponzi SchemeGoldman Turns to ‘Make-or-Break’ Unit as
Snowflake's (SNOW) fiscal fourth-quarter results are likely to reflect gains from an increasing customer and partner base.