DUBLIN--(BUSINESS WIRE)--The "Global Thermoplastic Vulcanizate (TPV) Market - Segmented by End-user Industry and Geography - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The thermoplastic vulcanizate market is expected to experience a moderate growth rate during the forecast period, 2018 to 2023. Asia-Pacific is estimated to lead the market, owing to growing demand from the automotive industry.
Necessity for Weight Reduction in Automobile Industry
The usage of thermoplastic vulcanizate (TPV) in automobile industry has increased rapidly in the past few years. The rise in usage is mainly due to its manufacturing flexibility, ease of processing, durability, and low weight. This gives car designers flexibility to incorporate complex designs that are impossible with conventional polymeric materials, such as thermoset rubber and ethylene propylene diene monomer rubber.
Increase in consumption of TPV in the automotive industry is mainly due to growing need for improvement in mileage, and increasing government standards for emissions. According to industry experts, weight of the car is reduced by 5% when TPV is used. This reduction in weight, thereby, enhances the dynamics of the vehicles, reduces energy consumption, and improves fuel economy; which, in turn, is expected to drive the market for thermoplastic vulcanizate during the forecast period.
Other Key Highlights
- Automotive Industry to Dominate the Market
- Asia-Pacific to Lead the Market
Key Topics Covered
2. Executive Summary
3. Market Insights
4. Market Dynamics
5. Market Segmentation and Analysis (Market Size, Growth, and Forecast)
6. Regional Market Analysis (Market Size, Growth, and Forecast)
7. Competitive Landscape
8. Company Profiles (Overview, Financials**, Products & Services and Recent Developments)
- Mitsui Chemicals, Inc.
- Exxon Mobil Corporation
- SO.F.TER. S.r.l
- A. Schulman, Inc.
- Polyone Corporation
- Mitsubishi Chemical Corporation
- LCY Group
- Kumho Polychem
- Teknor Apex
- Zeon Chemicals L.P.
- Elastron Kimya AS
- Intek Plastics
For more information about this report visit https://www.researchandmarkets.com/research/8wfj76/thermoplastic?w=4