MRO Magazine

Thermoplastic Vulcanizates (TPV) Market 2015-2019 – Research and Markets


January 21, 2016
By Business Wire News

DUBLIN

Research and Markets (http://www.researchandmarkets.com/research/8b8jtg/thermoplastic) has announced the addition of the “Thermoplastic Vulcanizates (TPV) Market 2015-2019” report to their offering.

The thermoplastic vulcanizates (TPV) market to grow at a rate of around 7%

The rising adoption of TPV as a replacement for PVC in the healthcare sector is the primary driver for the growth of this market. TPV’s unique characteristics such as environment-friendliness, low drug absorption, toughness, and optical clarity have made them an ideal choice for the manufacturing of blood bags, catheters and disposable gloves. For instance, Johnson & Johnson and GE Healthcare, having increased their R&D spending to develop and introduce new TPV-based medical products in the market.

The growing popularity of olefin-based copolymer TPV is also anticipated to contribute to the market growth during the forecast period. Olefin-based copolymer TPV has a high abrasion resistance and is being used to replace traditional styrenic thermoplastic elastomers (TPE) in its commercial and industrial applications.

Segmentation by application and analysis of – automotive, medical, consumer goods, fluid handling

During 2014, the automotive sector led the market with a share of 51%. The rising adoption of TPV as a replacement for traditional rubber and EPDM in this sector is the primary driver for the growth of this segment. TPV is used in interior and exterior ancillaries, sealing systems, and under-the-hood components of automobiles.

The report offers an analysis of each of the following segments and discusses its impact on the overall market growth –

– Automotive

– Fluid handling and construction

– Medical

– Consumer goods

Geographical segmentation and analysis of – Americas, APAC, EMEA

The Americas accounted for around 41% of the market share during 2014. The report predicts this region to maintain its leadership until the end of 2019, growing at a rate of 7%. The increasing replacement of traditional heavy materials, such as natural and synthetic rubber, by lighter TPV, is driving the market in this region.

The report offers an analysis of each of the following segments and discusses its impact on the overall market growth –

– Americas

– APAC

– EMEA

Competitive landscape and key vendors – Dynasol, DuPont, ExxonMobil, PolyOne, LCY

The global TPV market is highly fragmented with the five key players accounting for around 40% of the market in terms of capacity. Vendors in this market compete on the basis of innovation, quality and performance, price, and brand image.

The top vendors in the market are

– Dynasol

– DuPont

– ExxonMobil

– PolyOne

– LCY

For more information visit http://www.researchandmarkets.com/research/8b8jtg/thermoplastic

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
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