Home » Business, Manufacturing & Industry, Marketing & Sales, Science, World » Thermoplastic Vulcanizates (TPV) Market Is Forecasted To Reach USD 1.87 Billion By 2020: Hexa Reports
“Get key Market Research Reports and Insightful Company Profiles”
Global thermoplastic vulcanizates market demand was 297.9 kilo tons in 2013 and is expected to reach 470.8 kilo tons by 2020, growing at a CAGR of 6.8% from 2014 to 2020.

Growing demand for lightweight, high performance materials from automotive industry is expected to drive the global thermoplastic vulcanizates market. Increasing government intervention for improving fuel efficiency has prompted the use high performance engineering plastics including TPV which has fueled its demand.

Browse Detail Report With TOC @ http://www.hexareports.com/report/thermoplastic-vulcanizates-tpv-market/details

Growth of consumer goods industry in BRIC nations is also expected to have a positive impact on the global market. Volatile price of key feedstock is expected to remain a key challenge for market participants over the forecast period.

Automotive was the largest application segment and accounted for 59.8% of total TPV consumption in 2013. Strong shift in trend towards replacing metals and heavy plastics with engineering plastics in order to reduce the overall weight of automobiles is expected to drive this segment over the forecast period. Medical is expected to witness the highest growth rate of 7.6% from 2014 to 2020. Growing awareness regarding the use of phthalate free medical devices and equipment is expected to drive TPV demand in medical industry.

Request A Sample copy of This Report @ http://www.hexareports.com/sample/42638

Further key findings from the study suggest:

North America dominated the global TPV market and accounted for 34.6% of global demand in 2013. The regional market is characterized by several favorable government initiatives including Corporate Average Fuel Economy (CAFE) program which mandates an average mileage of approximately 29 miles per gallon which is expected to go up to 35.5 miles per gallon by 2016.

Implementation of such initiatives has prompted automotive manufacturers to reduce overall weight of automobiles in order to achieve optimum fuel efficiency. This trend is expected to drive the regional TPV demand over the next six years.

Chemicals Market Research Related Reports:

Global 7-Amino Heptanoic Acid Industry 2016 Market – http://www.hexareports.com/report/global-7-amino-heptanoic-acid-industry-2016/details

Europe Agricultural Enzymes Industry 2016 Market – http://www.hexareports.com/report/europe-agricultural-enzymes-industry-2016/details

United States Cenospheres Industry 2016 Market – http://www.hexareports.com/report/united-states-cenospheres-industry-2016/details

Asia Pacific is expected to witness the highest growth of 7.4% over the forecast period. Growth of key end-use industries including automotive and healthcare particularly in China and India is expected to drive the regional TPV market.

Major companies operating in the global TPV market have been constantly involved in R&D and product development to cater specific end-use requirements. Key industry participants include The Dow Chemical Company, Exxon Mobil, Solvay Engineered Polymers, DuPont Performance Elastomers, Arkema Inc., Kraton Polymers and Dexco Polymers.

About Us:

Hexa Reports is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.

Our Website: http://www.hexareports.com

Media Contact
Company Name: Hexa Reports
Contact Person: Ryan Shaw
Email: sales@hexareports.com
Phone: 1-800-489-3075
Address:Felton Office Plaza, 6265 Highway 9
City: Felton
State: California
Country: United States
Website: http://www.hexareports.com/report/thermoplastic-vulcanizates-tpv-market/details

Comments are closed.