China Thermoplastic Vulcanizates (TPV) Market Analysis By Application (Automotive, Fluid Handling, Consumer Goods, Medical Devices) And Segment Forecasts To 2024

Published: Aug, 2016 | Pages: 96 | Publisher: Grand View Research
Industry: Chemicals | Report Format: Electronic (PDF)

The China TPV market is anticipated to reach USD 430.5 million by 2024, according to a new report by Grand View Research, Inc. Increasing thermoplastic vulcanizates demand in automotive component production is anticipated to remain the key driving factor for regional market growth over the forecast period.

Increasing policy formulation by environmental protection agencies and governments across the globe to reduce carbon emission through improved fuel efficiency has compelled manufacturers to inculcate plastics as substitute alloys and metal in major automotive applications.

Rising consumer predilection for advanced and light weight passenger cars is expected to drive innovation and R&D in the regional automotive industry. Such factors have driven polymer consumption in automotive applications and are anticipated to fuel TPV demand.

However, thermoplastic vulcanizates exhibit excellent physical and chemical properties in comparison to thermoset plastics, thus gaining preference in terms of their application consumption.

It further finds application in end-use industries such as industrial, electronics and construction. Increasing usage as a replacement for non-environment friendly PVC coupled with rising construction spending in the country is anticipated to fuel growth over the forecast period.

Further key findings from the report suggest:

China thermoplastic vulcanizates (TPV) market demand was 54.5 kilo tons in 2015 and is expected to reach 101.7 kilo tons by 2024, growing at a CAGR of 7.2% from 2016 to 2024

Automotive emerged as the leading application segment and accounted for 62.5% of total market volume in 2015. Rising carbon emission levels and implementation of stringent governmental regulations are expected to boost the market demand for lightweight materials to reduce overall automobile density and curb emission levels by improving fuel efficiency

Medical grade TPV's are gaining wide popularity among manufacturers owing to the risk of latex-associated allergic reaction from conventionally used rubber in medical devices. Escalating investments on medical devices by manufacturers to develop devices approved under regulations is expected to fuel consumption significantly.

China TPV market is fragmented among multinational players and small domestic companies. Key industry participants in the market include DuPont, Mitsui Chemicals, RTP Company, Teknor Apex, Solvay Engineered Polymers, Kraton Polymer LLC, Chemtura Corporation, ExxonMobil, Covestro. Other major players include Shenzen Zhongsuwang Plastic Products Co., Ltd., Zylog Plastalloys Pvt. Ltd., Nanjing Jinling Opta Polymer Co., Ltd. and Changshu Huajie Plastic Co. Ltd.

 Table of Contents


Chapter 1 Methodology and Scope
                      1.1 Research methodology
                      1.2 Research scope and assumptions
                      1.3 List of data sources
Chapter 2 Executive Summary
                      2.1 China Thermoplastic Vulcanizates (TPV) - Industry Summary & Key Buying Criteria, 2014 - 2024
Chapter 3 China Thermoplastic Vulcanizates (TPV) Industry Outlook
                      3.1 Market segmentation
                      3.2 Market size and growth prospects, 2014 - 2024
                      3.3 Thermoplastic vulcanizates value chain analysis
                          3.3.1 Vendor landscape
                          3.3.2 Supplier landscape
                                 3.3.2.1 NCM Hersbit Chemical Company Ltd.
                                           3.3.2.1.1 Company Overview
                                           3.3.2.1.2 Contact Details
                                           3.3.2.1.3 Financial Performance
                                           3.3.2.1.4 Product Benchmarking
                                 3.3.2.2 Barlog Plastics GmbH
                                           3.3.2.2.1 Company Overview
                                           3.3.2.2.2 Contact Details
                                           3.3.2.2.3 Financial Performance
                                           3.3.2.2.4 Product Benchmarking
                                 3.3.2.3 JyTech Polymers, LLC
                                           3.3.2.3.1 Company Overview
                                           3.3.2.3.2 Contact Details
                                           3.3.2.3.3 Financial Performance
                                           3.3.2.3.4 Product Benchmarking
                                           3.3.2.3.5 Strategic Initiative
                                 3.3.2.4 Zibo Bainisi Chemicals Co. Ltd.
                                           3.3.2.4.1 Company Overview
                                           3.3.2.4.2 Contact Details
                                           3.3.2.4.3 Financial Performance
                                           3.3.2.4.4 Product Benchmarking
                                 3.3.2.5 Chengdu Yanxi Import & Export Trading Co. Ltd.
                                           3.3.2.5.1 Company Overview
                                           3.3.2.5.2 Contact Details
                                           3.3.2.5.3 Financial Performance
                                           3.3.2.5.4 Product Benchmarking
                      3.4 Raw material trends
                      3.5 Regulatory framework
                      3.6 Technology landscape
                      3.7 Average selling price, 2012 - 2015
                      3.8 Thermoplastic vulcanizates market dynamics
                          3.8.1 Market driver analysis
                                 3.8.1.1 Growing demand for sustainable, lightweight materials
                                 3.8.1.2 Growth of key end-use industries
                          3.8.2 Market restraint analysis
                                 3.8.2.1 Volatile raw material prices
                      3.9 Key opportunities prioritized
                          3.9.1 Opportunity assessment
                      3.10 Industry analysis - Porter's
                      3.11 China TPV company heat map analysis
                          3.11.1 Market strategy overview
                      3.12 China thermoplastic vulcanizates PESTEL analysis
Chapter 4 China Thermoplastic Vulcanizates (TPV) Application Outlook
                      4.1 China TPV market volume share by application, 2015 & 2024
                      4.2 Automotive
                          4.2.1 China TPV market estimates & forecast from automotive, 2014 - 2024
                      4.3 Fluid handling
                          4.3.1 China TPV market estimates & forecast from fluid handling, 2014 - 2024
                      4.4 Consumer goods
                          4.4.1 China TPV market estimates & forecast from consumer goods, 2014 - 2024
                      4.5 Medical devices
                          4.5.1 China TPV market estimates & forecast from medical devices, 2014 - 2024
                      4.6 Others
                          4.6.1 China TPV market estimates & forecast from other applications, 2014 - 2024
Chapter 5 Competitive Landscape
                      5.1 ExxonMobil
                          5.1.1 Company Overview
                          5.1.2 Financial Performance
                          5.1.3 Product Benchmarking
                          5.1.4 Strategic Initiatives
                      5.2 Teknor Apex
                          5.2.1 Company Overview
                          5.2.2 Financial Performance
                          5.2.3 Product Benchmarking
                      5.3 RTP Company
                          5.3.1 Company Overview
                          5.3.2 Financial Performance
                          5.3.3 Product Benchmarking
                          5.3.4 Strategic Initiatives
                      5.4 Mitsui Chemicals, Inc.
                          5.4.1 Company Overview
                          5.4.2 Financial Performance
                          5.4.3 Product Benchmarking
                      5.5 Chemtura Corporation
                          5.5.1 Company Overview
                          5.5.2 Financial Performance
                          5.5.3 Product Benchmarking
                      5.6 DuPont
                          5.6.1 Company Overview
                          5.6.2 Financial Performance
                          5.6.3 Product Benchmarking
                          5.6.4 Strategic Initiatives
                      5.7 Solvay Engineered Polymers Inc.
                          5.7.1 Company Overview
                          5.7.2 Financial Performance
                          5.7.3 Product Benchmarking
                          5.7.4 Strategic Initiatives
                      5.8 Nanjing Jinling Opta Polymer Co. Ltd.
                          5.8.1 Company Overview
                          5.8.2 Financial Performance
                          5.8.3 Product Benchmarking
                      5.9 Covestro
                          5.9.1 Company Overview
                          5.9.2 Financial Performance
                          5.9.3 Product Benchmarking
                          5.9.4 Strategic Initiatives
                      5.10 Zylog Plastalloys Pvt. Ltd.
                          5.10.1 Company Overview
                          5.10.2 Financial Performance
                          5.10.3 Product Benchmarking
                          5.10.4 Strategic Initiatives
                      5.11 Shenzhen Zhongsuwang Plastic Products Co. Ltd.
                          5.11.1 Company Overview
                          5.11.2 Financial Performance
                          5.11.3 Product Benchmarking
                      5.12 Changshu Huajie Plastic Co. Ltd.
                          5.12.1 Company Overview
                          5.12.2 Financial Performance
                          5.12.3 Product Benchmarking
                      5.13 Kraton Polymers LLC
                          5.13.1 Company Overview
                          5.13.2 Financial Performance
                          5.13.3 Product Benchmarking
                          5.13.4 Strategic Initiatives

List of Tables


TABLE 1 China Thermoplastic Vulcanizates (TPV) - Industry Summary &Key Buying Criteria, 2014 - 2024
TABLE 2 China TPV market estimates & forecasts, 2014 - 2016 (Kilo Tons) (USD Million)
TABLE 3 China TPV market estimates & forecasts, 2017 - 2024 (Kilo Tons) (USD Million)
TABLE 4 China TPV market volume estimates & forecasts by application, 2014 - 2016 (Kilo Tons)
TABLE 5 China TPV market volume estimates & forecasts by application, 2017 - 2024 (Kilo Tons)
TABLE 6 China TPV market revenue estimates & forecasts by application, 2014 - 2016 (USD Million)
TABLE 7 China TPV market revenue estimates & forecasts by application, 2017 - 2024 (USD Million)
TABLE 8 China thermoplastic vulcanizates (TPV) market vendor landscape
TABLE 9 China TPV company heat map analysis
TABLE 10 China TPV market estimates & forecast from automotive, 2014 - 2016 (Kilo Tons) (USD Million)
TABLE 11 China TPV market estimates & forecast from automotive, 2017 - 2024 (Kilo Tons) (USD Million)
TABLE 12 China TPV market estimates & forecast from fluid handling, 2014 - 2016 (Kilo Tons) (USD Million)
TABLE 13 China TPV market estimates & forecast from fluid handling, 2017 - 2024 (Kilo Tons) (USD Million)
TABLE 14 China TPV market estimates & forecast from consumer goods, 2014 - 2016 (Kilo Tons) (USD Million)
TABLE 15 China TPV market estimates & forecast from consumer goods, 2017 - 2024 (Kilo Tons) (USD Million)
TABLE 16 China TPV market estimates & forecast from medical devices, 2014 - 2016 (Kilo Tons) (USD Million)
TABLE 17 China TPV market estimates & forecast from medical devices, 2017 - 2024 (Kilo Tons) (USD Million)
TABLE 18 China TPV market estimates & forecast from other applications, 2014 - 2016 (Kilo Tons) (USD Million)
TABLE 19 China TPV market estimates & forecast from other applications, 2017 - 2024 (Kilo Tons) (USD Million)