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Southeast Asia Thermoplastic Vulcanizates Market Size, Share & Trends Analysis Report by End-use (Automotive, Building & Construction, Consumer Goods), Country (Thailand, Indonesia, Vietnam), and Segment Forecasts, 2024-2030

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    Report

  • 75 Pages
  • May 2024
  • Region: Asia Pacific
  • Grand View Research
  • ID: 5976515
The Southeast Asia thermoplastic vulcanizates market size is anticipated to reach USD 50.07 million by 2030 and is expected to expand at a CAGR of 8.2% during the forecast period. The market growth is primarily driven by the ascending demand for the product from key industries, including automotive, electrical & electronics, and building and construction in emerging countries such as Thailand and the Philippines.

Furthermore, the growing demand for high-performance and lightweight vehicles and durable electronics has increased the demand for thermoplastic vulcanizates (TPVs) in these industries. Owing to its significant penetration in the region, TPV offers better flexibility and durability than other thermoplastic elastomers.

Unlike conventional TPVs, bio-based TPVs do not take several hundred years to degrade into the environment. Rising plastic accumulation and recycling & reuse are the major concerns for regional governments. The growing concerns related to the environmental impact, recyclability, and decomposition time in landfills of the products they purchase are expected to positively impact the growth of the bio-based thermoplastic vulcanizates market over the forecast period.

Southeast Asia Thermoplastic Vulcanizates Market Report Highlights

  • Automotive dominated the source segment with more than 52.77% share in 2023 due to the rising demand for lightweight, high-performance materials like TPVs, which are alternative to traditional rubber and helping to reduce the overall vehicle weight
  • The building and construction segment is expected to grow at a significant CAGR of 8.3% over the forecast period. The market is expected to benefit from rising construction spending and consumers' growing inclination toward sustainable and lightweight building materials over conventional materials
  • TPVs are increasingly used as an alternative for thermoset rubbers, such as SBR, EPDM, and chlorosulfonated polyethylene, owing to their better reliability, safety, low maintenance, and low cost of manufacturing the parts. They’re used in the automotive sector for applications like weather seals for windshields, sunroofs, and roof lines
  • Indonesia dominated the market with the highest revenue share in 2023, owing to ongoing urbanization and rising disposable income. The growth of this industry in the country is expected to contribute to the demand for TPVs used for developing several electronic and household appliances

Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Snapshot
2.2. Segment Snapshot
2.3. Competitive Landscape Snapshot
Chapter 3. Southeast Asia Thermoplastic Vulcanizates (TPV) Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.1.1. Parent Market Outlook
3.1.2. Related Market Outlook
3.2. Industry Value Chain Analysis
3.2.1. Distribution Channel Analysis
3.2.2. Raw Material Trends
3.2.3. Technological Overview
3.3. Regulatory Framework
3.4. Market Dynamics
3.4.1. Market Driver Analysis
3.4.2. Market Restraint Analysis
3.4.3. Industry Challenges
3.4.4. Industry Opportunities
3.5. Industry Analysis Tools
3.5.1. Porter’s Five Forces Analysis
3.5.2. Macro-environmental Analysis
Chapter 4. Southeast Asia Thermoplastic Vulcanizates (TPV) Market: End-use Estimates & Trend Analysis
4.1. End-use Movement Analysis & Market Share, 2023 & 2030
4.2. Southeast Asia Thermoplastic Vulcanizates (TPV) Market Estimates & Forecast, by End-use, 2018 to 2030 (Tons) (USD Thousand)
4.3. Automotive
4.3.1. Automotive Market Revenue Estimates and Forecasts, 2018-2030 (Tons) (USD Thousand)
4.4. Building & Construction
4.4.1. Building & Construction Market Revenue Estimates and Forecasts, 2018-2030 (Tons) (USD Thousand)
4.5. Consumer Goods
4.5.1. Consumer Goods Market Revenue Estimates and Forecasts, 2018-2030 (Tons) (USD Thousand)
4.6. Medical
4.6.1. Medical Market Revenue Estimates and Forecasts, 2018-2030 (Tons) (USD Thousand)
4.7. Fluid Handling
4.7.1. Fluid Handling Market Revenue Estimates and Forecasts, 2018-2030 (Tons) (USD Thousand)
4.8. Others
4.8.1. Others Market Revenue Estimates and Forecasts, 2018-2030 (Tons) (USD Thousand)
Chapter 5. Southeast Asia Thermoplastic Vulcanizates (TPV) Market: Country Estimates & Trend Analysis
5.1. Country Movement Analysis & Market Share, 2023 & 2030
5.2. Southeast Asia
5.2.1. Southeast Asia Thermoplastic Vulcanizates (TPV) Market Estimates & Forecast, 2018-2030 (Tons) (USD Thousand)
5.2.2. Thailand
5.2.2.1. Key Country Dynamics
5.2.2.2. Thailand Thermoplastic Vulcanizates (TPV) Market Estimates & Forecast, 2018-2030 (Tons) (USD Thousand)
5.2.3. Indonesia
5.2.3.1. Key Country Dynamics
5.2.3.2. Indonesia Thermoplastic Vulcanizates (TPV) Market Estimates & Forecast, 2018-2030 (Tons) (USD Thousand)
5.2.4. Vietnam
5.2.4.1. Key Country Dynamics
5.2.4.2. Vietnam Thermoplastic Vulcanizates (TPV) Market Estimates & Forecast, 2018-2030 (Tons) (USD Thousand)
5.2.5. Philippines
5.2.5.1. Key Country Dynamics
5.2.5.2. Philippines Thermoplastic Vulcanizates (TPV) Market Estimates & Forecast, 2018-2030 (Tons) (USD Thousand)
5.2.6. Malaysia
5.2.6.1. Key Country Dynamics
5.2.6.2. Malaysia Thermoplastic Vulcanizates (TPV) Market Estimates & Forecast, 2018-2030 (Tons) (USD Thousand)
Chapter 6. Southeast Asia Thermoplastic Vulcanizates (TPV) Market - Competitive Landscape
6.1. Recent Developments & Impact Analysis, by Key Market Participants
6.2. Company Categorization
6.3. Company Market Share/Position Analysis, 2023
6.4. Company Heat Map Analysis
6.5. Strategy Mapping
6.5.1. Expansion
6.5.2. Mergers & Acquisition
6.5.3. Partnerships & Collaborations
6.5.4. New Product Launches
6.5.5. Research and Development
6.6. Company Profiles
6.6.1. Dow Chemical Thailand
6.6.1.1. Participant’s Overview
6.6.1.2. Financial Performance
6.6.1.3. Product Benchmarking
6.6.1.4. Recent Developments
6.6.2. APAR Industries
6.6.2.1. Participant’s Overview
6.6.2.2. Financial Performance
6.6.2.3. Product Benchmarking
6.6.2.4. Recent Developments
6.6.3. KK Kompounding Tech Giant Limited
6.6.3.1. Participant’s Overview
6.6.3.2. Financial Performance
6.6.3.3. Product Benchmarking
6.6.3.4. Recent Developments
6.6.4. Elkem ASA
6.6.4.1. Participant’s Overview
6.6.4.2. Financial Performance
6.6.4.3. Product Benchmarking
6.6.4.4. Recent Developments
6.6.5. Teknor Apex
6.6.5.1. Participant’s Overview
6.6.5.2. Financial Performance
6.6.5.3. Product Benchmarking
6.6.5.4. Recent Developments
6.6.6. MT PLAS (M) SDN BHD
6.6.6.1. Participant’s Overview
6.6.6.2. Financial Performance
6.6.6.3. Product Benchmarking
6.6.6.4. Recent Developments
6.6.7. Elastron TPE
6.6.7.1. Participant’s Overview
6.6.7.2. Financial Performance
6.6.7.3. Product Benchmarking
6.6.7.4. Recent Developments
6.6.8. Preeco Engineering Sdn Bhd
6.6.8.1. Participant’s Overview
6.6.8.2. Financial Performance
6.6.8.3. Product Benchmarking
6.6.8.4. Recent Developments
6.6.9. MCPP INDONESIA
6.6.9.1. Participant’s Overview
6.6.9.2. Financial Performance
6.6.9.3. Product Benchmarking
6.6.9.4. Recent Developments
6.6.10. Nexeo Plastics, LLC
6.6.10.1. Participant’s Overview
6.6.10.2. Financial Performance
6.6.10.3. Product Benchmarking
6.6.10.4. Recent Developments
List of Tables
Table 1 Southeast Asia Thermoplastic Vulcanizates (TPV) Market Estimates and Forecasts, 2018-2030 (Tons) (USD Thousand)
Table 2 Southeast Asia Thermoplastic Vulcanizates (TPV) Market Estimates and Forecasts by End-use, 2018-2030 (Tons) (USD Thousand)
Table 3 Southeast Asia Thermoplastic Vulcanizates (TPV) Market Estimates and Forecasts in Automotive 2018-2030 (Tons) (USD Thousand)
Table 4 Southeast Asia Thermoplastic Vulcanizates (TPV) Market Estimates and Forecasts in Building & Construction 2018-2030 (Tons) (USD Thousand)
Table 5 Southeast Asia Thermoplastic Vulcanizates (TPV) Market Estimates and Forecasts in Consumer Goods 2018-2030 (Tons) (USD Thousand)
Table 6 Southeast Asia Thermoplastic Vulcanizates (TPV) Market Estimates and Forecasts in Medical, 2018-2030 (Tons) (USD Thousand)
Table 7 Southeast Asia Thermoplastic Vulcanizates (TPV) Market Estimates and Forecasts in Fluid Handling, 2018-2030 (Tons) (USD Thousand)
Table 8 Southeast Asia Thermoplastic Vulcanizates (TPV) Market Estimates and Forecasts in Other, 2018-2030 (Tons) (USD Thousand)
Table 9 Thailand Thermoplastic Vulcanizates Market Estimates and Forecasts, by End-use, 2018-2030 (Tons) (USD Thousand)
Table 10 Indonesia Thermoplastic Vulcanizates Market Estimates and Forecasts, by End-use, 2018-2030 (Tons) (USD Thousand)
Table 11 Vietnam Thermoplastic Vulcanizates Market Estimates and Forecasts, by End-use, 2018-2030 (Tons) (USD Thousand)
Table 12 Philippines Thermoplastic Vulcanizates Market Estimates and Forecasts, by End-use, 2018-2030 (Tons) (USD Thousand)
Table 13 Malaysia Thermoplastic Vulcanizates Market Estimates and Forecasts, by End-use, 2018-2030 (Tons) (USD Thousand)
List of Figures
Figure 1 Market Research Process
Figure 2 Data Triangulation Techniques
Figure 3 Primary Research Pattern
Figure 4 Market Research Approaches
Figure 5 QFD Modeling for Market Share Assessment
Figure 6 Information Procurement
Figure 7 Market Formulation and Validation
Figure 8 Data Validating & Publishing
Figure 9 Market Segmentation & Scope
Figure 10 Southeast Asia Thermoplastic Vulcanizates (TPV) Market Snapshot
Figure 11 Segment Snapshot
Figure 12 Competitive Landscape Snapshot
Figure 13 Parent Market Outlook
Figure 14 Southeast Asia Thermoplastic Vulcanizates (TPV) Market Value, 2023 (USD Thousand)
Figure 15 Southeast Asia Thermoplastic Vulcanizates (TPV) Market - Value Chain Analysis
Figure 16 Southeast Asia Thermoplastic Vulcanizates (TPV) Market - Price Trend Analysis 2018-2030 (USD/Kg)
Figure 17 Southeast Asia Thermoplastic Vulcanizates (TPV) Market - Market Dynamics
Figure 18 Southeast Asia Thermoplastic Vulcanizates (TPV) Market - PORTER’s Analysis
Figure 19 Southeast Asia Thermoplastic Vulcanizates (TPV) Market - PESTEL Analysis
Figure 20 Southeast Asia Thermoplastic Vulcanizates (TPV) Market Estimates & Forecasts, by Product: Key Takeaways
Figure 21 Southeast Asia Thermoplastic Vulcanizates (TPV) Market Share, by End-use, 2022 & 2030
Figure 22 Southeast Asia Thermoplastic Vulcanizates (TPV) Market Share, by End-use, 2023 & 2030
Figure 23 Southeast Asia Thermoplastic Vulcanizates (TPV) Market Estimates & Forecasts, in Automotive, 2018-2030 (Tons) (USD Thousand)
Figure 24 Southeast Asia Thermoplastic Vulcanizates (TPV) Market Estimates & Forecasts, in Building & Construction, 2018-2030 (Tons) (USD Thousand)
Figure 25 Southeast Asia Thermoplastic Vulcanizates (TPV) Market Estimates & Forecasts, in Consumer Goods, 2018-2030 (Tons) (USD Thousand)
Figure 26 Southeast Asia Thermoplastic Vulcanizates (TPV) Market Estimates & Forecasts, in Medical, 2018-2030 (Tons) (USD Thousand)
Figure 27 Southeast Asia Thermoplastic Vulcanizates (TPV) Market Estimates & Forecasts, in Fluid Handling, 2018-2030 (Tons) (USD Thousand)
Figure 28 Southeast Asia Thermoplastic Vulcanizates (TPV) Market Estimates & Forecasts, in Others, 2018-2030 (Tons) (USD Thousand)
Figure 29 Southeast Asia Thermoplastic Vulcanizates (TPV) Market Revenue, by Country, 2023 & 2030 (USD Thousand)
Figure 30 Thailand Thermoplastic Vulcanizates Market Estimates & Forecasts, 2018-2030 (Tons) (USD Thousand)
Figure 31 Indonesia Thermoplastic Vulcanizates Market Estimates & Forecasts, 2018-2030 (Tons) (USD Thousand)
Figure 32 Vietnam Thermoplastic Vulcanizates Market Estimates & Forecasts, 2018-2030 (Tons) (USD Thousand)
Figure 33 Philippines Thermoplastic Vulcanizates Market Estimates & Forecasts, 2018-2030 (Tons) (USD Thousand)
Figure 34 Malaysia Thermoplastic Vulcanizates Market Estimates & Forecasts, 2018-2030 (Tons) (USD Thousand)
Figure 35 Key Company Categorization
Figure 36 Company Market Positioning
Figure 37 Key Company Market Share Analysis, 2023
Figure 38 Strategy Mapping

Companies Mentioned

  • Dow Chemical Thailand
  • APAR Industries
  • KK Kompounding Tech Giant Limited
  • Elkem ASA
  • Teknor Apex
  • MT PLAS (M) SDN BHD
  • Elastron TPE
  • Preeco Engineering Sdn Bhd
  • MCPP INDONESIA
  • Nexeo Plastics, LLC

Methodology

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Table Information