Germany Thermoplastic Vulcanizates Market Size & Outlook
Germany thermoplastic vulcanizates market, 2018-2030 (US$M)
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Germany thermoplastic vulcanizates market highlights
- The Germany thermoplastic vulcanizates market generated a revenue of USD 122.7 million in 2022 and is expected to reach USD 207.2 million by 2030.
- The Germany market is expected to grow at a CAGR of 6.8% 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 122.7 million |
| Market revenue in 2030 | USD 207.2 million |
| Growth rate | 6.8% (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, Germany accounted for 7.8% 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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Germany 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 51.67% in 2022. Horizon Databook has segmented the Germany 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.
Germany is one of the most prominent automotive markets in Europe. According to the International Organization of Motor Vehicle Manufacturers, the country produced over 4.1 million units of total vehicles in 2023. The country is a prominent producer of passenger cars among all the member countries of the European Union (EU) and accounts for more than 29% share of the European automotive market.
These factors are expected to contribute to the growth of the TPV market over the forecast period. TPV is widely used in automotive applications for seals, gaskets, weather stripping, interior trim, exterior body parts, HVAC components, vibration dampening, and wire insulation. Its durability, flexibility, weather resistance, and esthetic appeal contribute to improved vehicle performance, comfort, and reliability.
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Horizon Databook provides a detailed overview of country-level data and insights on the Germany thermoplastic vulcanizates market , including forecasts for subscribers. This country databook contains high-level insights into Germany thermoplastic vulcanizates market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany thermoplastic vulcanizates market size, by application, 2018-2030 (US$M)
Germany Thermoplastic Vulcanizates Market Outlook Share, 2022 & 2030 (US$M)
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