France Thermoplastic Vulcanizates Market Size & Outlook
France thermoplastic vulcanizates market, 2018-2030 (US$M)
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France thermoplastic vulcanizates market highlights
- The France thermoplastic vulcanizates market generated a revenue of USD 46.5 million in 2022 and is expected to reach USD 76.0 million by 2030.
- The France market is expected to grow at a CAGR of 6.3% 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 46.5 million |
| Market revenue in 2030 | USD 76.0 million |
| Growth rate | 6.3% (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, France accounted for 3.0% 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 Europe, Germany thermoplastic vulcanizates market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 116.0 million by 2030.
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Thermoplastic Vulcanizates Market Scope
Thermoplastic Vulcanizates Market Companies
| Name | Profile | # Employees | HQ | Website |
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France 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 50.97% in 2022. Horizon Databook has segmented the France 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 TPV market in France is expected to benefit from the expanding automotive sector on account of the emergence of EVs and a shift in consumer purchase behavior inclined toward lightweight cars are also anticipated to have a positive impact on the TPV market in the coming years.
France is increasingly prioritizing green energy to replace its existing coal power plants, aligning with governmental initiatives aimed at achieving net-zero emission goals. By targeting a 55% reduction in greenhouse gas emissions by 2030, France is spearheading significant changes in its energy landscape.
In November 2023, France took a significant step by awarding contracts to 54 onshore wind projects in its latest tender, surpassing the target capacity of 925 MW with a total of 931.31 MW. TPV, known for their durability, flexibility, and resistance to extreme weather conditions, are increasingly being incorporated into wind turbines. This trend is not only enhancing the efficiency and longevity of windmills but also contributing to the growth of the TPV market.
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Horizon Databook provides a detailed overview of country-level data and insights on the France thermoplastic vulcanizates market , including forecasts for subscribers. This country databook contains high-level insights into France thermoplastic vulcanizates market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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France thermoplastic vulcanizates market size, by application, 2018-2030 (US$M)
France Thermoplastic Vulcanizates Market Outlook Share, 2022 & 2030 (US$M)
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