Latest Market Research Report 2025

  Thermoplastic Vulcanizates Market The global  thermoplastic vulcanizates market  size is expected to reach USD 2,921.80 million by 2030, registering a CAGR of 8.7% during the forecast period, according to a new report by Grand View Research, Inc. Growing demand for the lightweight, high-performance materials from the automotive industry is expected to drive the global thermoplastic vulcanizates (TPV) market.   Increasing government intervention in fuel efficiency has led to the use of high-performance engineering plastics, including TPV, spurring demand. The growth of the consumer goods industry in the BRIC countries is also expected to have a positive impact on the global market. Price volatility for the key commodities is expected to remain a major concern for the market participants during the forecast period. In addition, the growing demand for bio-based thermoplastics is expected to positively influence the overall market growth in the coming years. The c...

  Thermoplastic Vulcanizates Industry Overview The global thermoplastic vulcanizates market size was valued at USD 1.55 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 6.9% from 2021 to 2028.  Increasing demand for lightweight and sustainable solutions that provide extreme durability coupled with improved safety is projected to assist the market growth over the forecast period. Thermoplastic Vulcanizates (TPVs) are high-performance elastomers that offer excellent flexibility, ease of processing, durability, and resistance to heat, fluids, and chemicals. These features make them suitable for use in the production of lightweight automotive parts, such as car doors, weather seals, and under-the-hood components. TPVs are now increasingly being used as an alternative for PVC plastic owing to several stringent regulations regarding the usage of PVC in the automotive sector, which, in turn, is expected to boost the product dema...