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China Thermoplastic Vulcanizates Market Size, Share & Trends Analysis Report By Application (Automotive, Fluid Handling, Consumer Goods, Medical Devices), By Grade (General Purpose, Molding & Extrusion, Specialty), And Segment Forecasts, 2023 - 2030

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    Report

  • 94 Pages
  • October 2023
  • Region: China
  • Grand View Research
  • ID: 5899649
The China thermoplastic vulcanizates market is anticipated to reach USD 839.9 million by 2030, expanding at a CAGR of 11.4% from 2023 to 2030. Increasing thermoplastic vulcanizates (TPV) demand in automotive component production is anticipated to remain the key driving factor for regional market growth over the forecast period.

Increasing policy formulation by environmental protection agencies and governments across the globe to reduce carbon emission through improved fuel efficiency has compelled manufacturers to inculcate plastics as substitute alloys and metal in major automotive applications.

Rising consumer predilection for advanced and light weight passenger cars is expected to drive innovation and R&D in the regional automotive industry. Such factors have driven polymer consumption in automotive applications and are anticipated to fuel TPV demand.

However, thermoplastic vulcanizates exhibit excellent physical and chemical properties in comparison to thermoset plastics, thus gaining preference in terms of their application consumption.

It further finds application in end-use industries such as industrial, electronics and construction. Increasing usage as a replacement for non-environment friendly PVC coupled with rising construction spending in the country is anticipated to fuel growth over the forecast period.

China Thermoplastic Vulcanizates Market Report Highlights

  • The automotive segment accounted for the largest revenue share of 62.3% in 2022. It is widely used in automotive seals, dust covers, air intake systems & ducts, pass-thru seals, and cooler hoses among other components.
  • The medical devices segment is expected to grow at the fastest CAGR of 12.1% during the forecast period. This is due to the wide range of applications of TPV in the medical device sector.
  • The molding & extrusion segment accounted for the largest revenue share of 50.5% in 2022 and is expected to grow at the fastest CAGR of 11.5% during the forecast period.

Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.1.1. Application
1.1.2. Grade
1.1.3. Estimates and forecast timeline
1.2. Research Methodology
1.3. Information Procurement
1.3.1. Purchased database
1.3.2. internal database
1.3.3. Secondary sources
1.3.4. Primary research
1.3.5. Details of primary research
1.4. Information or Data Analysis
1.5. Market Formulation & Validation
1.6. Model Details
1.7. List of Secondary Sources
1.8. List of Primary Sources
1.9. Objectives
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.2.1. Application outlook
2.2.2. Grade outlook
2.3. Competitive Insights
Chapter 3. China Thermoplastic Vulcanizates Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.2. Penetration & Growth Prospect Mapping
3.3. Value Chain Analysis
3.4. Regulatory Framework
3.5. Market Dynamics
3.5.1. Market driver analysis
3.5.2. Market restraint analysis
3.5.3. Industry opportunities & challenges
3.6. China Thermoplastic Vulcanizates Market Analysis Tools
3.6.1. Industry analysis - Porter’s
3.6.1.1. Supplier power
3.6.1.2. Buyer power
3.6.1.3. Substitution threat
3.6.1.4. Threat of new entrant
3.6.1.5. Competitive rivalry
3.6.2. PESTEL analysis
3.6.2.1. Political landscape
3.6.2.2. Technological landscape
3.6.2.3. Economic landscape
3.6.2.4. Social landscape
3.6.2.5. Environmental landscape
3.6.2.6. Legal landscape
Chapter 4. Supplier Portfolio Analysis
4.1. List of Suppliers
4.2. Kraljic Matrix
4.3. Sourcing Best Practices
4.4. Negotiation Strategies
Chapter 5. China Thermoplastic Vulcanizates: Application Estimates & Trend Analysis
5.1. China Thermoplastic Vulcanizates Market: Key Takeaways
5.2. China Thermoplastic Vulcanizates Market: Movement & Market Share Analysis, 2022 & 2030
5.3. Automotive
5.3.1. Automotive market estimates and forecasts, 2018 to 2030 (Kilo Tons, USD Million)
5.4. Fluid Handling
5.4.1. Fluid handling market estimates and forecasts, 2018 to 2030 (Kilo Tons, USD Million)
5.5. Consumer Goods
5.5.1. Consumer goods market estimates and forecasts, 2018 to 2030 (Kilo Tons, USD Million)
5.6. Medical Devices
5.6.1. Medical devices market estimates and forecasts, 2018 to 2030 (Kilo Tons, USD Million)
5.7. Others
5.7.1. Others market estimates and forecasts, 2018 to 2030 (Kilo Tons, USD Million)
Chapter 6. China Thermoplastic Vulcanizates: Grade Estimates & Trend Analysis
6.1. China Thermoplastic Vulcanizates Market: Key Takeaways
6.2. China Thermoplastic Vulcanizates Market: Movement & Market Share Analysis, 2022 & 2030
6.3. General Purpose
6.3.1. General purpose market estimates and forecasts, 2018 to 2030 (Kilo Tons, USD Million)
6.4. Molding & Extrusion
6.4.1. Molding & extrusion market estimates and forecasts, 2018 to 2030 (Kilo Tons, USD Million)
6.5. Specialty
6.5.1. Specialty market estimates and forecasts, 2018 to 2030 (Kilo Tons, USD Million)
Chapter 7. Competitive Landscape
7.1. Recent Developments & Impact Analysis, By Key Market Participants
7.2. Market Participant Categorization
7.2.1. Exxon Mobil Corporation
7.2.1.1. Company overview
7.2.1.2. Financial performance
7.2.1.3. Product benchmarking
7.2.1.4. Strategic initiatives
7.2.2. Teknor Apex
7.2.2.1. Company overview
7.2.2.2. Financial performance
7.2.2.3. Product benchmarking
7.2.2.4. Strategic initiatives
7.2.3. RTP Company
7.2.3.1. Company overview
7.2.3.2. Financial performance
7.2.3.3. Product benchmarking
7.2.3.4. Strategic initiatives
7.2.4. Mitsui Chemicals, Inc.
7.2.4.1. Company overview
7.2.4.2. Financial performance
7.2.4.3. Product benchmarking
7.2.4.4. Strategic initiatives
7.2.5. Nanjing Jinling Opta Polymer Co.,LTD.
7.2.5.1. Company overview
7.2.5.2. Financial performance
7.2.5.3. Product benchmarking
7.2.5.4. Strategic initiatives
7.2.6. TSRC
7.2.6.1. Company overview
7.2.6.2. Financial performance
7.2.6.3. Product benchmarking
7.2.6.4. Strategic initiatives
List of Tables
Table 1 List of abbreviation
Table 2 China thermoplastic vulcanizates market, by grade, 2018-2030 (Kilo Tons, USD Million)
Table 3 China thermoplastic vulcanizates market, by application, 2018-2030 (Kilo Tons, USD Million)
List of Figures
Fig. 1 Market research process
Fig. 2 Data triangulation techniques
Fig. 3 Primary research pattern
Fig. 4 Market research approaches
Fig. 5 Value-chain-based sizing & forecasting
Fig. 6 QFD modeling for market share assessment
Fig. 7 Market formulation & validation
Fig. 8 China thermoplastic vulcanizates: Market outlook
Fig. 9 China thermoplastic vulcanizates: Competitive insights
Fig. 10 Parent market outlook
Fig. 11 Related/ancillary market outlook
Fig. 12 Penetration and growth prospect mapping
Fig. 13 Industry value chain analysis
Fig. 14 China thermoplastic vulcanizates market driver impact
Fig. 15 China thermoplastic vulcanizates market restraint impact
Fig. 16 China thermoplastic vulcanizates market strategic initiatives analysis
Fig. 17 China thermoplastic vulcanizates market: Application movement analysis
Fig. 18 China thermoplastic vulcanizates market: Application outlook and key takeaways
Fig. 19 Automotive market estimates and forecasts, 2018-2030
Fig. 20 Fluid handling market estimates and forecasts, 2018-2030
Fig. 21 Consumer goods market estimates and forecasts, 2018-2030
Fig. 22 Medical devices market estimates and forecasts, 2018-2030
Fig. 23 Others market estimates and forecasts, 2018-2030
Fig. 24 China thermoplastic vulcanizates market: Grade movement analysis
Fig. 25 China thermoplastic vulcanizates market: Grade outlook and key takeaways
Fig. 26 General purpose market estimates and forecasts, 2018-2030
Fig. 27 Molding & extrusion market estimates and forecasts, 2018-2030
Fig. 28 Specialty market estimates and forecasts, 2018-2030
Fig. 29 China thermoplastic vulcanizates market: Regional movement analysis
Fig. 30 China thermoplastic vulcanizates market: Regional outlook and key takeaways
Fig. 31 China market estimates and forecasts, 2018-2030
Fig. 32 China market estimates and forecasts, 2018-2030

Companies Mentioned

  • Exxon Mobil Corporation
  • Teknor Apex
  • RTP Company
  • Mitsui Chemicals, Inc.
  • Nanjing Jinling Opta Polymer Co.,LTD.
  • TSRC

Methodology

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Table Information