Japan Thermoplastic Vulcanizates Market Size & Outlook
Japan thermoplastic vulcanizates market, 2018-2030 (US$M)
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Japan thermoplastic vulcanizates market highlights
- The Japan thermoplastic vulcanizates market generated a revenue of USD 94.9 million in 2022 and is expected to reach USD 171.0 million by 2030.
- The Japan market is expected to grow at a CAGR of 7.6% 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 94.9 million |
| Market revenue in 2030 | USD 171.0 million |
| Growth rate | 7.6% (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, Japan accounted for 6.0% 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 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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Japan 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 61.01% in 2022. Horizon Databook has segmented the Japan 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.
Japan is a pioneer in the electrical and electronics industry, which is expected to drive the TPV market in the country. Japanese electronics manufacturers, such as Panasonic Holdings Corporation, Sony Corporation, Toshiba Corporation, Mitsubishi Electric Corporation, Hitachi, Ltd., and Fujitsu Limited, provide consumer electronics globally.
According to the Japan Electronics and Information Technology Industries Association (JEITA), the production of consumer electronic equipment, industrial electronic equipment, and electronic components & devices by Japanese electronics industries increased by 122.8%, 108.1%, and 91.9% from 2022 to 2023, respectively.
The increasing focus on renewable sources of energy in Japan is promoting the demand for TPV in the country. Japan is transitioning its energy supply into renewable sources; hence, TPV is used to sustain the infrastructural developments to meet this clean energy goal. For instance, in February 2024, Seiko Epson Corporation announced its plans to construct its first biomass power plant in Iida City, Japan.
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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 country-level data and insights on the Japan thermoplastic vulcanizates market , including forecasts for subscribers. This country databook contains high-level insights into Japan thermoplastic vulcanizates market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan thermoplastic vulcanizates market size, by application, 2018-2030 (US$M)
Japan Thermoplastic Vulcanizates Market Outlook Share, 2022 & 2030 (US$M)
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