Million Insights
Market Research Released A New Research Report On Global Thermoplastic
Vulcanizates (TPV) Market - Forecast Up To 2025. Report Provide Overview Of Top
Key Players, Share Analysis, Size, Stake, Progress, Trends And Their Strategic
Profiling In The Market, Comprehensively Analyzing Their Core Competencies, And
Drawing A Competitive Landscape For The Market.
Pune, India: Oct. 30,
2019 - Thermoplastic Vulcanizates (TPV) Market
is expected to reach USD 1.87 billion by 2020. The increasing demand for high
performance and lightweight materials in the automotive sector is likely to
have a positive impact on the growth of the product market. The change in
preferences from metals to lightweight materials for improving fuel efficiency
is expected to boost the market.
TPV possess elastomeric characteristics similar to EPDM
thermoset rubber, merging the vulcanized rubber properties with processing
attributes of thermoplastics. The product has its applications in the
automotive, electrical, household appliances, healthcare and construction
industries owing to attributes such as long-term aging durability, recyclable,
and design flexibility.
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visit @ https://www.millioninsights.com/industry-reports/thermoplastic-vulcanizates-tpv-market/request-sample
TPV applications can be broadly classified as automobiles,
electrical appliances, medical & healthcare, consumer goods, coated
fabrics, industrial goods, and construction.
The automobile sector contributes to over 59.8% of global
TPV consumption in 2013. The product is the best alternative for replacing
conventional materials owing to its superior properties over the conventional
including high strength, flexibility, low weight, and abrasion resistance.
The demand for TPV is likely to witness the highest growth
at a CAGR of over 7% during the analysis period, on account of the rising
awareness regarding the use phthalate-free medical equipment and devices.
Regional Insights
North America contributed to over 34% of the total demand in
2013 dominating the market. The market is distinguished by various government
schemes such as Corporate Average Fuel Economy (CAFE) program which enables the
automotive manufacturers to reduce the weight of the automobiles resulting in
increased fuel efficiency. This regional trend is likely to propel the product
demand.
To Browse Complete
Report visit @ https://www.millioninsights.com/industry-reports/thermoplastic-vulcanizates-tpv-market
Market Segment:
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
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