Thermoplastic Vulcanizates (TPV) Market Analysis By Application (Automotive, Fluid Handling, Consumer Goods, Medical) and Segment Forecasts to 2020

Published: Mar, 2015 | Pages: 84 | Publisher: Grand View Research
Industry: Chemicals | Report Format: Electronic (PDF)

Global thermoplastic vulcanizates (TPV) market is expected to reach USD 1.87 billion by 2020. Growing demand for lightweight, high performance materials from automotive industry is expected to drive the global thermoplastic vulcanizates market. Increasing government intervention for improving fuel efficiency has prompted the use high performance engineering plastics including TPV which has fueled its demand. Growth of consumer goods industry in BRIC nations is also expected to have a positive impact on the global market. Volatile price of key feedstock is expected to remain a key challenge for market participants over the forecast period.

Automotive was the largest application segment and accounted for 59.8% of total TPV consumption in 2013. Strong shift in trend towards replacing metals and heavy plastics with engineering plastics in order to reduce the overall weight of automobiles is expected to drive this segment over the forecast period. Medical is expected to witness the highest growth rate of 7.6% from 2014 to 2020. Growing awareness regarding the use of phthalate free medical devices and equipment is expected to drive TPV demand in medical industry.

Further key findings from the study suggest:

Global thermoplastic vulcanizates market demand was 297.9 kilo tons in 2013 and is expected to reach 470.8 kilo tons by 2020, growing at a CAGR of 6.8% from 2014 to 2020.
North America dominated the global TPV market and accounted for 34.6% of global demand in 2013. The regional market is characterized by several favorable government initiatives including Corporate Average Fuel Economy (CAFE) program which mandates an average mileage of approximately 29 miles per gallon which is expected to go up to 35.5 miles per gallon by 2016. Implementation of such initiatives has prompted automotive manufacturers to reduce overall weight of automobiles in order to achieve optimum fuel efficiency. This trend is expected to drive the regional TPV demand over the next six years.
Asia Pacific is expected to witness the highest growth of 7.4% over the forecast period. Growth of key end-use industries including automotive and healthcare particularly in China and India is expected to drive the regional TPV market.
Major companies operating in the global TPV market have been constantly involved in R&D and product development to cater specific end-use requirements. Key industry participants include The Dow Chemical Company, Exxon Mobil, Solvay Engineered Polymers, DuPont Performance Elastomers, Arkema Inc., Kraton Polymers and Dexco Polymers.
For the purpose of this study, Grand View Research has segmented the TPV market on the basis of application and region:

Global Thermoplastic Vulcanizates (TPV) Application Outlook (Volume, Kilo Tons, Revenue, USD Million, 2012 - 2020)

Automotive
Fluid Handling
Consumer Goods
Medical
Global Thermoplastic Vulcanizates (TPV) Regional Outlook (Volume, Kilo Tons, Revenue, USD Million, 2012 - 2020)

North America
U.S.
Europe
UK
Germany
Asia Pacific
Japan
China
Central & South America
Middle East & Africa

 Table of Contents
Chapter 1. Methodology and Scope
               1.1. Research Methodology
               1.2. Research Scope & Assumptions
               1.3. List of Data Sources
Chapter 2. Executive Summary
               2.1. Thermoplastic Vulcanizates (TPV)- Industry Summary and Critical Success Factors (CSFs)
Chapter 3. Thermoplastic Vulcanizates (TPV) Industry Outlook
               3.1. Market Segmentation
               3.2. Market Size and Growth Prospects
               3.3. TPV Value Chain Analysis
               3.4. TPV Market Dynamics
               3.5. Raw Material Analysis
                   3.5.1. Market driver analysis
                       3.5.1.1. Demand for light weight materials in the automobile industry to increase fuel efficiency
                       3.5.1.2. Substitution of natural rubber and metals by TVC 
                   3.5.2. Market restraint analysis
                       3.5.2.1. Environmental concerns
                       3.5.2.2. Volatile raw material prices
               3.6. Key Opportunities Prioritized
               3.7. Industry Analysis - Porter's
               3.8. TPV Market PESTEL Analysis, 2013
Chapter 4. Thermoplastic Vulcanizates (TPV) Application Outlook
               4.1. Global TPV Market Share by Application, 2012-2020
               4.2. Automotive
                   4.2.1. Market estimates and forecast, 2012 - 2020, (Kilo Tons) (USD Million)
                   4.2.2. Market estimates and forecast by region, 2012 - 2020 (Kilo Tons) (USD Million)
               4.3. Fluid Handling
                   4.3.1. Market estimates and forecast, 2012 - 2020, (Kilo Tons) (USD Million)
                   4.3.2. Market estimates and forecast by region, 2012 - 2020 (Kilo Tons) (USD Million)
               4.4. Consumer Goods
                   4.4.1. Market estimates and forecast, 2012 - 2020, (Kilo Tons) (USD Million)
                   4.4.2. Market estimates and forecast by region, 2012 - 2020 (Kilo Tons) (USD Million)
               4.5. Medical
                   4.5.1. Market estimates and forecast, 2012 - 2020, (Kilo Tons) (USD Million)
                   4.5.2. Market estimates and forecast by region, 2012 - 2020 (Kilo Tons) (USD Million)
               4.6. Others
                   4.6.1. Market estimates and forecast, 2012 - 2020, (Kilo Tons) (USD Million)
                   4.6.2. Market estimates and forecast by region, 2012 - 2020 (Kilo Tons) (USD Million)
Chapter 5. Thermoplastic Vulcanizates (TPV) Regional Outlook
               5.1. Global TPV Market Share by Region, 2012-2020
               5.2. North America 
                   5.2.1. Market estimates and forecast, 2012 - 2020, (Kilo Tons) (USD Million)
                   5.2.2. Market estimates and forecast by application, 2012 - 2020 (Kilo Tons) (USD Million)
                   5.2.3. U.S.
                       5.2.3.1. Market estimates and forecast, 2012 - 2020, (Kilo Tons) (USD Million)
                       5.2.3.2. Market estimates and forecast by application, 2012 - 2020 (Kilo Tons) (USD Million)
               5.3. Europe
                   5.3.1. Market estimates and forecast, 2012 - 2020, (Kilo Tons) (USD Million)
                   5.3.2. Market estimates and forecast by application, 2012 - 2020 (Kilo Tons) (USD Million)
                   5.3.3. Germany
                       5.3.3.1. Market estimates and forecast, 2012 - 2020, (Kilo Tons) (USD Million)
                       5.3.3.2. Market estimates and forecast by application, 2012 - 2020 (Kilo Tons) (USD Million)
                   5.3.4. UK
                       5.3.4.1. Market estimates and forecast, 2012 - 2020, (Kilo Tons) (USD Million)
                       5.3.4.2. Market estimates and forecast by application, 2012 - 2020 (Kilo Tons) (USD Million)
               5.4. Asia Pacific
                   5.4.1. Market estimates and forecast, 2012 - 2020, (Kilo Tons) (USD Million)
                   5.4.2. Market estimates and forecast by application, 2012 - 2020 (Kilo Tons) (USD Million)
                   5.4.3. China
                       5.4.3.1. Market estimates and forecast, 2012 - 2020, (Kilo Tons) (USD Million)
                       5.4.3.2. Market estimates and forecast by application, 2012 - 2020 (Kilo Tons) (USD Million)
                   5.4.4. Japan
                       5.4.4.1. Market estimates and forecast, 2012 - 2020, (Kilo Tons) (USD Million)
                       5.4.4.2. Market estimates and forecast by application, 2012 - 2020 (Kilo Tons) (USD Million)
               5.5. Central & South America
                   5.5.1. Market estimates and forecast, 2012 - 2020, (Kilo Tons) (USD Million)
                   5.5.2. Market estimates and forecast by application, 2012 - 2020 (Kilo Tons) (USD Million)
               5.6. Middle East & Africa
                   5.6.1. Market estimates and forecast, 2012 - 2020, (Kilo Tons) (USD Million)
                   5.6.2. Market estimates and forecast by application, 2012 - 2020 (Kilo Tons) (USD Million)
Chapter 6. Competitive Landscape
               6.1. ExxonMobil Chemical
                   6.1.1. Company Overview
                   6.1.2. Financial Performance
                   6.1.3. Product Benchmarking
                   6.1.4. Strategic Initiatives
               6.2. Arkema Inc.
                   6.2.1. Company Overview
                   6.2.2. Financial Performance
                   6.2.3. Product Benchmarking
                   6.2.4. Strategic Initiatives
               6.3. The Dow Chemical Company
                   6.3.1. Company Overview
                   6.3.2. Financial Performance
                   6.3.3. Product Benchmarking
                   6.3.4. Strategic Initiatives
               6.4. Chemtura Corporation
                   6.4.1. Company Overview
                   6.4.2. Financial Performance
                   6.4.3. Product Benchmarking
                   6.4.4. Strategic Initiatives
               6.5. Dexco Polymers LP
                   6.5.1. Company Overview
                   6.5.2. Financial Performance
                   6.5.3. Product Benchmarking
                   6.5.4. Strategic Initiatives
               6.6. DuPont Performance Elastomers
                   6.6.1. Company Overview
                   6.6.2. Financial Performance
                   6.6.3. Product Benchmarking
                   6.6.4. Strategic Initiatives
               6.7. Kraton Polymers
                   6.7.1. Company Overview
                   6.7.2. Financial Performance
                   6.7.3. Product Benchmarking
                   6.7.4. Strategic Initiatives
               6.8. Solvay Engineered Polymers
                   6.8.1. Company Overview
                   6.8.2. Financial Performance
                   6.8.3. Product Benchmarking
                   6.8.4. Strategic Initiatives
               6.9. Zylog Plastalloys
                   6.9.1. Company Overview
                   6.9.2. Financial Performance
                   6.9.3. Product Benchmarking
                   6.9.4. Strategic Initiatives
               6.10. RTP Co.
                   6.10.1. Company Overview
                   6.10.2. Financial Performance
                   6.10.3. Product Benchmarking
                   6.10.4. Strategic Initiatives
               6.11. BASF Corporatoin
                   6.11.1. Company Overview
                   6.11.2. Financial Performance
                   6.11.3. Product Benchmarking
                   6.11.4. Strategic Initiatives
               6.12. Bayer AG
                   6.12.1. Company Overview
                   6.12.2. Financial Performance
                   6.12.3. Product Benchmarking
                   6.12.4. Strategic Initiatives


List of Tables


1. TPV - Industry Summary & Critical Success Factors (CSFs)
2. Global TPV market estimates and forecast, 2012 - 2020 (Kilo Tons) (USD Mn)
3. Global TPV market volumes estimates and forecast by region, 2012 - 2020 (Kilo Tons)
4. Global TPV market revenue estimates and forecast by region, 2012 - 2020 (USD Mn)
5. Global TPV market volume estimates and forecast by application, 2012 - 2020 (Kilo Tons)
6. Global TPV market revenue estimates and forecast by application, 2012 - 2020 (USD Mn)
7. TPV - Key market driver analysis
8. TPV - Key market restraint analysis
9. TPV market estimates and forecast in automotive, 2012 - 2020 (Kilo Tons) (USD Mn)
10. TPV market volume estimates and forecast in automotive by region, 2012 - 2020 (Kilo Tons)
11. TPV market revenue estimates and forecast in automotive by region, 2012 - 2020 (USD Mn)
12. TPV market estimates and forecast in fluid handling, 2012 - 2020 (Kilo Tons) (USD Mn)
13. TPV market volume estimates and forecast in fluid handling by region, 2012 - 2020 (Kilo Tons)
14. TPV market revenue estimates and forecast in fluid handling by region, 2012 - 2020 (USD Mn)
15. TPV market estimates and forecast in medical, 2012 - 2020 (Kilo Tons) (USD Mn)
16. TPV market volume estimates and forecast in medical by region, 2012 - 2020 (Kilo Tons)
17. TPV market revenue estimates and forecast in medical by region, 2012 - 2020 (USD Mn)
18. TPV market estimates and forecast in consumer goods, 2012 - 2020 (Kilo Tons) (USD Mn)
19. TPV market volume estimates and forecast in consumer goods by region, 2012 - 2020 (Kilo Tons)
20. TPV market revenue estimates and forecast in consumer goods by region, 2012 - 2020 (USD Mn)
21. TPV market estimates and forecast in other applications, 2012 - 2020 (Kilo Tons) (USD Mn)
22. TPV market volume estimates and forecast in other applications by region, 2012 - 2020 (Kilo Tons)
23. TPV market revenue estimates and forecast in other applications by region, 2012 - 2020 (USD Mn)
24. North America TPV market estimates and forecast, 2012 - 2020 (Kilo Tons) (USD Mn)
25. North America TPV market volume estimates and forecast by application, 2012-2020 (Kilo Tons)
26. North America TPV market revenue estimates and forecast by application, 2012-2020 (USD Mn)
27. U.S. TPV market estimates and forecast, 2012 - 2020 (Kilo Tons) (USD Mn)
28. U.S. TPV market volume estimates and forecast by application, 2012-2020 (Kilo Tons)
29. U.S. TPV market revenue estimates and forecast by application, 2012-2020 (USD Mn)
30. Europe TPV market estimates and forecast, 2012 - 2020 (Kilo Tons) (USD Mn)
31. Europe TPV market volume estimates and forecast by application, 2012-2020 (Kilo Tons)
32. Europe TPV market revenue estimates and forecast by application, 2012-2020 (USD Mn)
33. Germany TPV market estimates and forecast, 2012 - 2020 (Kilo Tons) (USD Mn)
34. Germany TPV market volume estimates and forecast by application, 2012-2020 (Kilo Tons)
35. Germany TPV market revenue estimates and forecast by application, 2012-2020 (USD Mn)
36. UK TPV market estimates and forecast, 2012 - 2020 (Kilo Tons) (USD Mn)
37. UK TPV market volume estimates and forecast by application, 2012-2020 (Kilo Tons)
38. UK TPV market revenue estimates and forecast by application, 2012-2020 (USD Mn)
39. Asia Pacific TPV market estimates and forecast, 2012 - 2020 (Kilo Tons) (USD Mn)
40. Asia Pacific TPV market volume estimates and forecast by application, 2012-2020 (Kilo Tons)
41. Asia Pacific TPV market revenue estimates and forecast by application, 2012-2020 (USD Mn)
42. China TPV market estimates and forecast, 2012 - 2020 (Kilo Tons) (USD Mn)
43. China TPV market volume estimates and forecast by application, 2012-2020 (Kilo Tons)
44. China TPV market revenue estimates and forecast by application, 2012-2020 (USD Mn)
45. Japan TPV market estimates and forecast, 2012 - 2020 (Kilo Tons) (USD Mn)
46. Japan TPV market volume estimates and forecast by application, 2012-2020 (Kilo Tons)
47. Japan TPV market revenue estimates and forecast by application, 2012-2020 (USD Mn)
48. Central & South America TPV market estimates and forecast, 2012 - 2020 (Kilo Tons) (USD Mn)
49. Central & South America TPV market volume estimates and forecast by application, 2012-2020 (Kilo Tons)
50. Central & South America TPV market revenue estimates and forecast by application, 2012-2020 (USD Mn)
51. Middle East & Africa TPV market estimates and forecast, 2012 - 2020 (Kilo Tons) (USD Mn)
52. Middle East & Africa TPV market volume estimates and forecast by application, 2012-2020 (Kilo Tons)
53. Middle East & Africa TPV market revenue estimates and forecast by application, 2012-2020 (USD Mn)


List of Figures

1. TPV market segmentation
2. Global TPV market estimates and forecasts, 2012 - 2020
3. TPV - Value Chain Analysis
4. TPV - Market Dynamics
5. Key Opportunities - Prioritized
6. TPV - Porter's Analysis
7. TPV - Company market share analysis, 2013
8. TPV - PESTEL Analysis
9. Global TPV market volume share by product, 2013 & 2020
10. Global TPV market volume share by end-use, 2013 & 2020
11. Global TPV market volume share by region, 2013 & 2020