Canada Thermoplastic Vulcanizates Market Size & Outlook
Canada thermoplastic vulcanizates market, 2018-2030 (US$M)
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Canada thermoplastic vulcanizates market highlights
- The Canada thermoplastic vulcanizates market generated a revenue of USD 31.2 million in 2022 and is expected to reach USD 51.9 million by 2030.
- The Canada market is expected to grow at a CAGR of 6.6% 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 31.2 million |
| Market revenue in 2030 | USD 51.9 million |
| Growth rate | 6.6% (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, Canada accounted for 2.0% 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 North America, U.S. thermoplastic vulcanizates market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 813.5 million by 2030.
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Thermoplastic Vulcanizates Market Scope
Thermoplastic Vulcanizates Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada 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 51.92% in 2022. Horizon Databook has segmented the Canada 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.
The automotive industry in Canada is expected to account for significant demand for TPV, owing to the rising demand for lightweight vehicles. Automotive manufacturing is one of the largest industrial sectors in Canada.
According to the International Organization of Motor Vehicle Manufacturers, the total new vehicle registration increased from 1,562,965 units in 2022 to 1,764,516 units in 2023, implying the increasing demand for vehicles, which, in turn, is expected to drive the TPV market.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada thermoplastic vulcanizates market , including forecasts for subscribers. This country databook contains high-level insights into Canada thermoplastic vulcanizates market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada thermoplastic vulcanizates market size, by application, 2018-2030 (US$M)
Canada Thermoplastic Vulcanizates Market Outlook Share, 2022 & 2030 (US$M)
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