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PUBLISHER: The Insight Partners | PRODUCT CODE: 990909

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PUBLISHER: The Insight Partners | PRODUCT CODE: 990909

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

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The Asia Pacific thermoplastic vulcanizate market was valued at US$ 462.90 million in 2019 and is projected to reach US$ 745.87 million by 2027; it is expected to grow at a CAGR of 6.3% during the forecast period 2020-2027.

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 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 Asia Pacific thermoplastic vulcanizate market is segmented into automotive, building & construction, consumer goods, healthcare, and others. In 2019, the automotive segment dominated the Asia Pacific thermoplastic vulcanizate market.

Geographically, the Asia Pacific thermoplastic vulcanizate market is segmented into the Australia, India, China, Japan, South Korea, and Rest of Asia Pacific. Japan contributed to the largest share of the Asia Pacific region. The development in healthcare industry is expected to bolster the growth of the thermoplastic vulcanizate market in Japan. The impending 2020 Tokyo Olympics have led to the construction of sports complex and Olympic village in Japan. The use of thermoplastic vulcanizate for fluid handling applications in building & construction industries also favors the market growth. Also, an upsurge in the usage of thermoplastic vulcanizate in portable water applications, such as general seals, riser, tuber, supply lines, and flapper valves, is expected to foster the growth of the thermoplastic vulcanizate market in the country.

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 Asia Pacific thermoplastic vulcanizate market.

Impact of COVID-19 Pandemic on Thermoplastic Vulcanizate Market

The COVID-19 outbreak is anticipated to cause a loss of more than 3 billion in the Asia Pacific region. The consequence and impact can be even worse and totally depends on the spread of the virus. The government of Asia Pacific is taking possible steps to reduce its effects by announcing lockdown, which is negatively impacting the market growth. The Governments have asked the chemical and materials manufacturers to delay their production, which will adversely affect the global supply of thermoplastic vulcanizate (TPV).

Overall size of the Asia Pacific 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: TIPRE00019172

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 Asia Pacific
  • 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 - Asia Pacific Market Analysis

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

7. Thermoplastic Vulcanizate Market Analysis - By End Use Industry

  • 7.1 Overview
  • 7.2 Asia Pacific 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 Asia Pacific: Thermoplastic Vulcanizate Market
    • 8.1.1 APAC: Thermoplastic Vulcanizate (TPV) Market - Revenue and Forecast to 2027 (US$ Million)
    • 8.1.2 APAC: Thermoplastic Vulcanizate (TPV) Market, by End Use Industry
    • 8.1.3 APAC: Thermoplastic Vulcanizate (TPV) Market, by Key Country
      • 8.1.3.1 Australia: Thermoplastic Vulcanizate (TPV) Market -Revenue and Forecast to 2027 (US$ Million)
        • 8.1.3.1.1 Australia: Thermoplastic Vulcanizate (TPV) Market, by End Use Industry
      • 8.1.3.2 China: Thermoplastic Vulcanizate (TPV) Market -Revenue and Forecast to 2027 (US$ Million)
        • 8.1.3.2.1 China: Thermoplastic Vulcanizate (TPV) Market, by End Use Industry
      • 8.1.3.3 India: Thermoplastic Vulcanizate (TPV) Market -Revenue and Forecast to 2027 (US$ Million)
        • 8.1.3.3.1 India: Thermoplastic Vulcanizate (TPV) Market, by End Use Industry
      • 8.1.3.4 Japan: Thermoplastic Vulcanizate (TPV) Market -Revenue and Forecast to 2027 (US$ Million)
        • 8.1.3.4.1 Japan: Thermoplastic Vulcanizate (TPV) Market, by End Use Industry
      • 8.1.3.5 South Korea: Thermoplastic Vulcanizate (TPV) Market -Revenue and Forecast to 2027 (US$ Million)
        • 8.1.3.5.1 South Korea: Thermoplastic Vulcanizate (TPV) Market, by End Use Industry
      • 8.1.3.6 Rest of APAC: Thermoplastic Vulcanizate (TPV) Market -Revenue and Forecast to 2027 (US$ Million)
        • 8.1.3.6.1 Rest of APAC: Thermoplastic Vulcanizate (TPV) Market, by End Use Industry

9. Impact of COVID-19 Pandemic on Asia Pacific Thermoplastic Vulcanizate Market

  • 9.1 Overview

10. Industry Landscape

  • 10.1 Mergers and Acquisitions

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: TIPRE00019172

List Of Tables

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