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PUBLISHER: The Insight Partners | PRODUCT CODE: 990906

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PUBLISHER: The Insight Partners | PRODUCT CODE: 990906

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

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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.

Thermoplastic vulcanizate (TPV) is a mixture of rubber particles distributed in a thermoplastic matrix. Therefore, TPV 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 the demand for thermoplastic vulcanizations (TPVs) during the forecast period.

Based on end-use industry, the North America thermoplastic vulcanizate market is segmented into automotive, building & construction, consumer goods, healthcare, and others. In 2019, the automotive segment dominated the North America thermoplastic vulcanizate market.

Geographically, the North America thermoplastic vulcanizate market is segmented into the US, Canada, Mexico. The US contributed to the largest share of the North America thermoplastic vulcanizate market. The US is the world's second-largest market for vehicle sales and production. Additionally, the anticipated to drive the demand for thermoplastic vulcanizate (TPV) in the US. An upsurge in the need for manufacturing lightweight interiors and exteriors such as wiper systems, air guides, spoilers, cup holders, and trims drive the growth of thermoplastic vulcanizate market in the country. The use of thermoplastic vulcanizate in numerous fluid handling applications in building & construction and other industries owing to its enhanced seal and weathering resistance supports the market growth. An upsurge in the use of thermoplastic vulcanizate as an alternative to alloys and metals along with the rising production of passenger car are expected to boost the growth of the market in the US in the near future.

Mitsui Chemicals, Inc.; Celanese Corporation; Mitsubishi Chemical Corporation; Kumho Polychem; Trinseo; Teknor Apex; ExxonMobil; Zeon Chemicals L.P.; Alphagary; and Ravago are among the major players present in the North America thermoplastic vulcanizate market.

Impact of COVID-19 Pandemic on Thermoplastic Vulcanizate Market

The US has the highest number of confirmed cases of COVID-19 compared to Mexico and Canada. This is likely to negatively impact the supply chain of chemical and materials industry. In addition, the overall manufacturing processes, research, and development activities will also impact market growth.

Overall size of the North America thermoplastic vulcanizate market has been derived in accordance to primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants who take part in such a process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the thermoplastic vulcanizate market.

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Product Code: TIPRE00019169

Table Of Contents

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
Product Code: TIPRE00019169

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
Have a question?
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Jeroen Van Heghe

Manager - EMEA

+32-2-535-7543

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Christine Sirois

Manager - Americas

+1-860-674-8796

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