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PUBLISHER: The Insight Partners | PRODUCT CODE: 990908

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PUBLISHER: The Insight Partners | PRODUCT CODE: 990908

Europe Thermoplastic Vulcanizate Market Forecast to 2027 - COVID-19 Impact and Europe Analysis - By End-Use (Automotive, Building and Construction, Consumer Goods, Healthcare, Others), and Country

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The Europe thermoplastic vulcanizate market was valued at US$ 377.70 million in 2019 and is projected to reach US$ 592.51 million by 2027; it is expected to grow at a CAGR of 5.9% 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 demand for thermoplastic vulcanizations (TPVs) during the forecast period.

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

Geographically, the Europe thermoplastic vulcanizate market is segmented into the Germany, the UK, France, Italy, Russia, and Rest of Europe. Germany contributed to the largest share of the Europe thermoplastic vulcanizate market. The evolving automotive industry in Germany fuels the demand for thermoplastic vulcanizate in the country. An upsurge in the application of thermoplastic vulcanizate as a rubber replacement in the healthcare industry acts as a major opportunity for the market to grow. An upsurge in the need for lightweight materials with superlative properties from various industries such as consumer goods, healthcare, and electronics is positively impacting the market growth. Various initiatives undertaken by the manufacturers to provide innovative thermoplastic vulcanizate with enhanced properties is expected to support the growth of the thermoplastic vulcanizate market in the region.

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 Europe thermoplastic vulcanizate market.

Impact of COVID-19 Pandemic on Thermoplastic Vulcanizate Market

As per the recent data, Russia has recorded the highest number of COVID cases in Europe. Additionally, France, the UK, Italy, Spain, and Germany have also been hit hard and are expected to suffer an economic hit due to a lack of revenue from various industries. Other member states have implemented drastic measures and travel restrictions, to mitigate the spread of COVID-19. This is anticipated to negatively impact the market growth in Europe.

Overall size of the Europe 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: TIPRE00019171

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 Europe
  • 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 - Europe Market Analysis

  • 6.1 Thermoplastic Vulcanizate Market Overview
  • 6.2 Europe Thermoplastic Vulcanizate Market -Revenue and Forecast to 2027 (US$ Million)

7. Thermoplastic Vulcanizate Market Analysis - By End Use Industry

  • 7.1 Overview
  • 7.2 Europe 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 Europe: Thermoplastic Vulcanizate Market
    • 8.1.1 Europe: Thermoplastic Vulcanizate (TPV) Market - Revenue and Forecast to 2027 (US$ Million)
    • 8.1.2 Europe: Thermoplastic Vulcanizate (TPV) Market, by End Use Industry
    • 8.1.3 Europe: Thermoplastic Vulcanizate (TPV) Market, by Key Country
      • 8.1.3.1 Germany: Thermoplastic Vulcanizate (TPV) Market -Revenue and Forecast to 2027 (US$ Million)
        • 8.1.3.1.1 Germany: Thermoplastic Vulcanizate (TPV) Market, by End Use Industry
      • 8.1.3.2 France: Thermoplastic Vulcanizate (TPV) Market -Revenue and Forecast to 2027 (US$ Million)
        • 8.1.3.2.1 France: Thermoplastic Vulcanizate (TPV) Market, by End Use Industry
      • 8.1.3.3 Italy: Thermoplastic Vulcanizate (TPV) Market -Revenue and Forecast to 2027 (US$ Million)
        • 8.1.3.3.1 Italy: Thermoplastic Vulcanizate (TPV) Market, by End Use Industry
      • 8.1.3.4 UK: Thermoplastic Vulcanizate (TPV) Market -Revenue and Forecast to 2027 (US$ Million)
        • 8.1.3.4.1 UK: Thermoplastic Vulcanizate (TPV) Market, by End Use Industry
      • 8.1.3.5 Russia: Thermoplastic Vulcanizate (TPV) Market -Revenue and Forecast to 2027 (US$ Million)
        • 8.1.3.5.1 Russia: Thermoplastic Vulcanizate (TPV) Market, by End Use Industry
      • 8.1.3.6 Rest of Europe: Thermoplastic Vulcanizate (TPV) Market -Revenue and Forecast to 2027 (US$ Million)
        • 8.1.3.6.1 Rest of Europe: Thermoplastic Vulcanizate (TPV) Market, by End Use Industry

9. Impact of COVID-19 Pandemic on Europe 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: TIPRE00019171

List Of Tables

  • Table 1. Europe Thermoplastic Vulcanizate Market -Revenue and Forecast to 2027 (US$ Million)
  • Table 2. Europe Thermoplastic Vulcanizate (TPV) Market, by End Use Industry - Revenue and Forecast to 2027 (US$ Million)
  • Table 3. Germany Thermoplastic Vulcanizate (TPV) Market, by End Use Industry - Revenue and Forecast to 2027 (US$ Million)
  • Table 4. France Thermoplastic Vulcanizate (TPV) Market, by End Use Industry - Revenue and Forecast to 2027 (US$ Million)
  • Table 5. Italy Thermoplastic Vulcanizate (TPV) Market, by End Use Industry - Revenue and Forecast to 2027 (US$ Million)
  • Table 6. UK Thermoplastic Vulcanizate (TPV) Market, by End Use Industry - Revenue and Forecast to 2027 (US$ Million)
  • Table 7. Russia Thermoplastic Vulcanizate (TPV) Market, by End Use Industry - Revenue and Forecast to 2027 (US$ Million)
  • Table 8. Rest of Europe Thermoplastic Vulcanizate (TPV) Market, by End Use Industry - Revenue and Forecast to 2027 (US$ Million)
  • Table 9. 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. Europe Thermoplastic Vulcanizate Market Overview
  • Figure 4. Automotive Segment Held Largest Share of Europe Thermoplastic Vulcanizate Market
  • Figure 5. Germany Country Held Largest Share of Europe Thermoplastic Vulcanizate Market
  • Figure 6. Europe Thermoplastic Vulcanizate Market, Industry Landscape
  • Figure 7. Europe: PEST Analysis
  • Figure 8. Expert Opinion
  • Figure 9. Thermoplastic Vulcanizate (TPV) Market Impact Analysis Of Driver And Restraints
  • Figure 10. Europe Thermoplastic Vulcanizate Market - Revenue and Forecast to 2027 (US$ Million)
  • Figure 11. Europe Thermoplastic Vulcanizate Market Revenue Share, by End Use Industry (2019 and 2027)
  • Figure 12. Europe Automotive: Thermoplastic Vulcanizate Market - Revenue, and Forecast to 2027 (US$ Million)
  • Figure 13. Europe Building & Construction: Thermoplastic Vulcanizate Market -Revenue and Forecast to 2027 (US$ Million)
  • Figure 14. Europe Consumer Goods: Thermoplastic Vulcanizate Market -Revenue and Forecast to 2027 (US$ Million)
  • Figure 15. Europe 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. Europe: Thermoplastic Vulcanizate (TPV) Market - Revenue and Forecast to 2027 (US$ Million)
  • Figure 18. Europe: Thermoplastic Vulcanizate (TPV) Market Revenue Share, by End Use Industry (2019 and 2027)
  • Figure 19. Europe: Thermoplastic Vulcanizate (TPV) Market Revenue Share, by Key Country (2019 and 2027)
  • Figure 20. Germany: Thermoplastic Vulcanizate (TPV) Market -Revenue and Forecast to 2027 (US$ Million)
  • Figure 21. France: Thermoplastic Vulcanizate (TPV) Market -Revenue and Forecast to 2027 (US$ Million)
  • Figure 22. Italy: Thermoplastic Vulcanizate (TPV) Market -Revenue and Forecast to 2027 (US$ Million)
  • Figure 23. UK: Thermoplastic Vulcanizate (TPV) Market -Revenue and Forecast to 2027 (US$ Million)
  • Figure 24. Russia: Thermoplastic Vulcanizate (TPV) Market -Revenue and Forecast to 2027 (US$ Million)
  • Figure 25. Rest of Europe: Thermoplastic Vulcanizate (TPV) Market -Revenue and Forecast to 2027 (US$ Million)
  • Figure 26. Impact of COVID-19 Pandemic in Europe Country Markets
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Jeroen Van Heghe

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+32-2-535-7543

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Christine Sirois

Manager - Americas

+1-860-674-8796

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