UK Thermoplastic Vulcanizates Market Size & Outlook
UK thermoplastic vulcanizates market, 2018-2030 (US$M)
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UK thermoplastic vulcanizates market highlights
- The UK thermoplastic vulcanizates market generated a revenue of USD 67.8 million in 2022 and is expected to reach USD 116.0 million by 2030.
- The UK market is expected to grow at a CAGR of 7% 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 67.8 million |
| Market revenue in 2030 | USD 116.0 million |
| Growth rate | 7% (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, UK accounted for 4.3% 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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UK 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 55.01% in 2022. Horizon Databook has segmented the UK 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 the country is expected to witness a period of intense technological innovations, which is expected to shape the growth of the industry over the foreseeable future. Initiatives toward new product developments, including driverless cars, EVs, and hybrid cars, are expected to increase investments in the industry.
In addition, emerging trends to cut down vehicle emissions and develop cleaner cars are leading to the development of electric cars. All these factors are expected to have a positive impact on the growth of the automotive industry in the country, which, in turn, is anticipated to propel the demand for TPV over the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the UK thermoplastic vulcanizates market , including forecasts for subscribers. This country databook contains high-level insights into UK thermoplastic vulcanizates market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK thermoplastic vulcanizates market size, by application, 2018-2030 (US$M)
UK Thermoplastic Vulcanizates Market Outlook Share, 2022 & 2030 (US$M)
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