Thermoplastic Vulcanizates (TPV) or
Dynamic Vulcanizates are itself a commercially high valued
group of polymer blends. They contain finely dispersed micron-size rubber
particles in a thermoplastic matrix which give peculiar properties of
conventional vulcanized elastomers with the ease of thermoplastic melt
processes. In most of the cases it consists of vulcanized EPDM and PP matrix.
Thermoplastic Elastomers (TPEs) are
used to handle applications that require functions of both elastomers and
thermoplastics for efficient functioning.
The market for these TPVs is growing
day by day due to increasing demand.
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MARKET
TRENDS:
Driving
Factors:
·
The demand for lightweight, high performance
materials from automotive industry has been viewed to be growing immensely
lately which is expected to drive the Global Thermoplastic Vulcanizates Market,
according to IndustryARC.
·
Governments all over the world have been seen
intervening for improving fuel efficiency. This strong step has prompted the
use high performance engineering plastics including TPV which has obviously
further fueled the demand for this market.
·
Studies suggest that the development of Consumer
Goods Industry in BRIC Nations shall have a positive impact on the Global Market.
Application
and Segment: With ever growing market, TPV’s have got ample
applications among various fields. To mention few leading applications of this
market: automotive, building & construction, footwear, engineering, wires
& cables, medical, and many others.
Automobile and Industrial Sectors
utilize the Thermoplastic Vulcanizates Market in order to satisfy their demanding factory requirements because of ideal
nature and excellent properties of the material.
It outperforms traditional rubber in
many applications, also offering many additional features for parts made of
traditional rubber. It renders many mechanical and thermal properties. It
provides better properties compared to other thermoplastics, thus is preferred
globally and is healthily growing.
Regionally: According
to research, North America is said to have dominated the Global TPV Market in
the past couple of years. On the other hand, Asia Pacific is expected to
witness the highest growth across the globe.
Market
Challenge: Despite all the improvement in this market, Volatile Price of Key
Feedstock is expected to remain a key challenge for market participants during
the observation period until 2020.
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REPORT
SCOPE:
This report on Thermoplastic Vulcanizates Market contains different market aspects
explored with particular focus on key market drivers, challenges, constraints
and market landscape. The report details current market potential and future
market growth in this industry. It overall contains the most detailed, in depth
segmentation and analysis of the Global Thermoplastic
Vulcanizates Market during the forecast period 2015-2020.
Market
Segmentation:
Thermoplastic
Vulcanizates Market is broadly classified into 4 types based on
the following factors:
1. By Raw
Materials: PP/NR (Polypropylene/ Natural Rubber), PP/EPDM (Polypropylene/
Ethylene Propylene Diene Monomer), Butyl/ Halobutyl/ PP and Others.
2. By Application:
Automotive, Industrial, White Goods, Building & Construction and Others.
3. By Method:
Injection Moulding, Extrution, Compression Moulding, Blow Moulding and Others.
4. By
Geography: Americas, Europe, APAC and ROW.
Key
Players:
Few notable industry players of this
market which are studied, analyzed and mentioned in the respective report:
·
Mitsui Chemicals America, Inc.
·
Dow Chemical Company
·
BASF Corporation
·
Bayer AG
·
Lubrizol Corporation
·
Huntsman Corporation
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