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Report overview
The Global "Automotive Thermoplastic Vulcanizate (TPV) Market" was valued at US$ 580 million in 2023 and is projected to reach US$ 900 million by 2030, at a CAGR of 7.4% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Automotive Thermoplastic Vulcanizate (TPV) is a specific type of thermoplastic elastomer (TPE) that combines the properties of thermoplastics and vulcanized (cross-linked) rubber. TPVs are produced through a process called dynamic vulcanization, where a rubber phase (typically EPDM—ethylene propylene diene monomer) is finely dispersed within a thermoplastic matrix (often polypropylene) during the manufacturing process.
In the automotive industry, TPVs are valued for their excellent elasticity, durability, chemical resistance, and ability to withstand extreme temperatures. They are lightweight and offer good processability, making them suitable for injection molding, extrusion, and blow molding. Common automotive applications of TPVs include sealing systems, gaskets, weatherstripping, and various interior and exterior components that require both flexibility and durability. TPVs provide a cost-effective and recyclable alternative to traditional vulcanized rubber parts.
The global key manufacturers of Automotive Thermoplastic Vulcanizate (TPV) include Celanese Corporation, Biesterfeld AG, Reed Rubber Products,Inc, DuPont, Teleflex, Zeon Chemicals, Nippon Zeon, Teknor Apex Company and Kraton Corporation, etc. in 2023, the global top five players have a share approximately % in terms of revenue.
Thermoplastic elastomers (TPE) are a class of materials that combine the advantages of a rubber, such as excellent compression set for good sealing, with the processability of conventional thermoplastics. Thermoplastic vulcanizate (TPV) is a subset of TPEs produced from a blend of vulcanized-crosslinked rubber finely dispersed in a continuous thermoplastic matrix. TPVs are produced by dynamic vulcanization, whereby a rubber is cured/ vulcanized within a thermoplastic polymer while the polymers are undergoing intimate mixing or mastication at elevated temperatures. Elasticity, tensile properties and hardness of the TPV are controlled by the ratio of the harder thermoplastic phase to the softer rubber phase.TPVs exhibit the advantageous sealing properties of conventional cured rubber, excellent physical properties, good high temperature resistance and outstanding chemical resistance. Due to these benefits TPVs have become a workhorse material for a variety of automotive sealing applications. The applications for TPVs in automotive sealing include glass run channels, dynamic seals, cowl vent grille seals and outer belt line seals. In addition,the application of thermoplastic vulcanizate in the automotive/transportation industry is beneficial to reduce part weight and improve fuel efficiency; enhance part performance and improve overall vehicle quality; reduce system cost and improve recyclability.
This report aims to provide a comprehensive presentation of the global market for Automotive Thermoplastic Vulcanizate (TPV), with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Automotive Thermoplastic Vulcanizate (TPV). This report contains market size and forecasts of Automotive Thermoplastic Vulcanizate (TPV) in global, including the following market information:
We has surveyed the Automotive Thermoplastic Vulcanizate (TPV) manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
By Type:
By Application:
By Region and Country:
Competitor Analysis
The report also provides analysis of leading market participants including:
Key Players Include:
Outline of Major Chapters:
Chapter 1: Introduces the definition of Automotive Thermoplastic Vulcanizate (TPV), market overview.
Chapter 2: Global Automotive Thermoplastic Vulcanizate (TPV) market size in revenue and volume.
Chapter 3: Detailed analysis of Automotive Thermoplastic Vulcanizate (TPV) manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Automotive Thermoplastic Vulcanizate (TPV) in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Automotive Thermoplastic Vulcanizate (TPV) capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
