Australia Thermoplastic Vulcanizates Market Size & Outlook
Australia thermoplastic vulcanizates market, 2018-2030 (US$M)
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Australia thermoplastic vulcanizates market highlights
- The Australia thermoplastic vulcanizates market generated a revenue of USD 5.5 million in 2022 and is expected to reach USD 11.0 million by 2030.
- The Australia market is expected to grow at a CAGR of 9.1% from 2023 to 2030.
- In terms of segment, automotive was the largest revenue generating application in 2022.
- Medical is the most lucrative application segment registering the fastest growth during the forecast period.
Thermoplastic vulcanizates market data book summary
| Market revenue in 2022 | USD 5.5 million |
| Market revenue in 2030 | USD 11.0 million |
| Growth rate | 9.1% (CAGR from 2022 to 2030) |
| Largest segment | Automotive |
| Fastest growing segment | Medical |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Automotive, Fluid Handling, Consumer goods, Medical, Footwear, Athletic Shoes |
| Key market players worldwide | JSR Corp, Exxon Mobil Corp, DuPont de Nemours Inc, Mitsui Chemicals Inc, Celanese Corp Class A, LyondellBasell Industries NV Class A, Mitsubishi Electric Corp, Ravago Chemicals, Kumho Petrochemical, Avient Corp, Ravago |
Other key industry trends
- In terms of revenue, Australia accounted for 0.3% of the global thermoplastic vulcanizates market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China thermoplastic vulcanizates market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 106.7 million by 2030.
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Thermoplastic Vulcanizates Market Scope
Thermoplastic Vulcanizates Market Companies
| Name | Profile | # Employees | HQ | Website |
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Australia thermoplastic vulcanizates market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to thermoplastic vulcanizates market will help companies and investors design strategic landscapes.
Automotive was the largest segment with a revenue share of 56.36% in 2022. Horizon Databook has segmented the Australia thermoplastic vulcanizates market based on automotive, fluid handling, consumer goods, medical, footwear, athletic shoes covering the revenue growth of each sub-segment from 2018 to 2030.
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New South Wales is installing solar panels at a monthly rate of 100 megawatts (MW). TPV are used to create edge seals for solar panels. These seals protect photovoltaic cells from moisture, dust, and other environmental factors, enhancing the longevity and efficiency of the panels.
Additionally, TPV are employed in the manufacturing of junction boxes, which house the electrical connections of solar panels. The material’s excellent electrical insulation properties, combined with its durability, ensure reliable protection of these critical components.
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Horizon Databook provides a detailed overview of country-level data and insights on the Australia thermoplastic vulcanizates market , including forecasts for subscribers. This country databook contains high-level insights into Australia thermoplastic vulcanizates market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Australia thermoplastic vulcanizates market size, by application, 2018-2030 (US$M)
Australia Thermoplastic Vulcanizates Market Outlook Share, 2022 & 2030 (US$M)
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