Europe Thermoplastic Vulcanizates Market Size & Outlook
Europe thermoplastic vulcanizates market, 2018-2030 (US$M)
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Europe thermoplastic vulcanizates market highlights
- The Europe thermoplastic vulcanizates market generated a revenue of USD 518.3 million in 2022.
- The market is expected to grow at a CAGR of 6.9% 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.
- Country-wise, UK is expected to register the highest CAGR from 2023 to 2030.
Europe data book summary
| Market revenue in 2022 | USD 518.3 million |
| Market revenue in 2030 | USD 883.3 million |
| Growth rate | 6.9% (CAGR from 2022 to 2030) |
| Largest segment | Automotive |
| Fastest growing segment | Medical |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 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, Europe region accounted for 32.9% of the global thermoplastic vulcanizates market in 2022.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- MEA is the fastest growing regional market and is projected to reach USD 58.9 million by 2030.
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Thermoplastic Vulcanizates Market Scope
Thermoplastic Vulcanizates Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe 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 54.04% in 2022. Horizon Databook has segmented the Europe 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.
Europe is one of the leading manufacturers of automobiles and is expected to continue its dominance in the sector over the forecast period.
The rising demand for lightweight electric and hybrid vehicles, along with the presence of major automotive manufacturers including AUDI AG, BMW AG, MercedesBenz AG, JAGUAR LAND ROVER LIMITED, ASTON MARTIN, Volkswagen, Volvo Car Corporation, FCA Italy S.p.A., Ferrari S.p.A., Automobili Lamborghini S.p.A., and Porsche Austria GmbH & Co. in the region, is projected to result in the expansion of the automotive industry, which, in turn, is expected to drive the demand for TPV in the automotive industry over the forecast period.
The expanding construction sector in various countries, including the UK, the Netherlands, Germany, Hungary, Poland, Sweden, and Ireland, is expected to propel product demand over the forecast period. Increased funding from the EU, coupled with supportive measures such as subsidies, tax breaks, and incentives taken by various governments, is anticipated to augment the growth of the construction sector in the region.
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Our clientele includes a mix of thermoplastic vulcanizates market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe thermoplastic vulcanizates market , including forecasts for subscribers. This continent databook contains high-level insights into Europe thermoplastic vulcanizates market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe thermoplastic vulcanizates market size, by country, 2018-2030 (US$M)
Europe Thermoplastic Vulcanizates Market Outlook Share, 2022 & 2030 (US$M)
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