Synopsis of Thermoplastic Vulcanizates Market:-
Globally, the thermoplastic vulcanizates market is segregated into five important regions namely Asia Pacific, Europe, North America, Latin America and the Middle East & Africa. Among these, North America holds a major share in the market and is estimated to continue its rule owing to increasing use of thermoplastic polymers in automotive, construction, polymer, and industrial machinery sectors. Countries such as the U.S., Canada and Mexico are the leading players in this region due to growing popularity of recyclable and high-performance polymers in applications such as containers, packaging, health care, and others.
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Asia Pacific has become prominent to grow at the highest CAGR due to growing demand of moldable materials in end use industries such as construction, automotive, polymer and industrial machinery, among others. The rising demand observed in injection molding process has propelled China to be the major player in the Asia Pacific region. India and China have witnessed a significant growth in the market due to growing use of plastic resin in heavy end industries. Ample availability of raw materials and an increase in manufacturing units have boosted the thermoplastic market in the Asia Pacific region to observe a rapid growth owing to rapid industrialization and technological advancement.
A notable development has been achieved in the European region due to its principal objective to attain sustainable development in the region. Countries such as Germany, the U.K. and Italy are the major contributors to this market due to growing consumption of thermoplastic resins in heavy end industries. It is predicted that the consumer segment is set to grow at the highest CAGR due to growing investment in the sector.
The Latin American region has observed a significant growth in the market owing to an increase in the number of manufacturing units and production of plastics, polymers in conglomerate industries. It is estimated that the thermoplastic segment is set to grow at a higher rate in this region owing to its effective features such as high performance, safety, comfort and economy.
The growing consumption of recyclable plasticizers in oil & gas, petrochemical industries has propelled the Middle East & Africa to observe a higher CAGR during the forecast period.
Competitive Analysis of Thermoplastic Vulcanizates Market:-
Some of the well-known players operating in the global thermoplastic vulcanizates market are Arkema (France), Asahi Kasei Corporation (Japan), BASF SE(Germany), BAYER AG(Germany), The Dow Chemical Company( U.S.), Dow Corning Corporation(U.S.), Eni S.p.A.( Italy), Exxon Mobil Corporation( U.S.), Mitsubishi Chemical Holdings Corporation ( Japan), among others.
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Segmentation of Thermoplastic Vulcanizates Market:-
The global thermoplastic vulcanizates market is segmented based on application. Based on application, the market is further classified into automotive, fluid handling, consumer goods, medical, sports, and others. Of these, automotive segment is the major player in the market and is estimated to hold the major share in the market during the forecast period.
Table Of Contents:-
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
4 Market Landscape
4.1 Porter’s Five Forces Analysis
4.1.1 Threat Of New Entrants
4.1.2 Bargaining Power Of Buyers
5 Industry Overview Of Global Thermoplastic Vulcanizates Market
5.2 Growth Drivers
5.3 Impact Analysis
6 Market Trends
6.2 Growth Trends
6.3 Impact Analysis
To Be Continue….
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