U.S. Thermoplastic Vulcanizates Market Size & Outlook
U.S. thermoplastic vulcanizates market, 2018-2030 (US$M)
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U.S. thermoplastic vulcanizates market highlights
- The U.S. thermoplastic vulcanizates market generated a revenue of USD 443.6 million in 2022 and is expected to reach USD 813.5 million by 2030.
- The U.S. market is expected to grow at a CAGR of 7.9% 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.
Thermoplastic vulcanizates market data book summary
| Market revenue in 2022 | USD 443.6 million |
| Market revenue in 2030 | USD 813.5 million |
| Growth rate | 7.9% (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, U.S. accounted for 28.2% 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 North America, U.S. thermoplastic vulcanizates market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 813.5 million by 2030.
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Thermoplastic Vulcanizates Market Scope
Thermoplastic Vulcanizates Market Companies
| Name | Profile | # Employees | HQ | Website |
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U.S. 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 60.89% in 2022. Horizon Databook has segmented the U.S. 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 U.S. dominated the North America thermoplastic vulcanizates (TPV) market and is expected to be one of the fastest-growing countries in the region. The rising demand for TPV from the automotive and construction industries in the U.S. is expected to drive the market over the forecast period.
The shifting focus of the U.S. automotive industry toward fuel-efficient and electricity-powered cars has resulted in the extensive use of high-performance materials for manufacturing auto components, which, in turn, has promoted the use of TPV as an alternative to heavy-weight metals and alloys.
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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. thermoplastic vulcanizates market , including forecasts for subscribers. This country databook contains high-level insights into U.S. thermoplastic vulcanizates market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. thermoplastic vulcanizates market size, by application, 2018-2030 (US$M)
U.S. Thermoplastic Vulcanizates Market Outlook Share, 2022 & 2030 (US$M)
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