열가소성 가황 고무 시장 규모, 점유율, 성장 분석 : 등급별, 가공 방법별, 지역별 - 업계 예측(2026-2033년)

Thermoplastic Vulcanizates Market size was valued at USD 1.82 Billion in 2024 and is poised to grow from USD 1.96 Billion in 2025 to USD 3.55 Billion by 2033, growing at a CAGR of 7.7% during the forecast period (2026-2033).

The thermoplastic vulcanizates (TPV) market is experiencing significant growth, predominantly fueled by escalating demand for lightweight, eco-friendly materials that ensure exceptional durability and safety. These high-performance elastomers offer remarkable flexibility and resistance to heat, chemicals, and fluids, making them ideal for automotive applications such as lightweight components, weather seals, and engine parts. The automotive sector is increasingly favoring TPVs over traditional PVC to meet stringent regulatory standards, further amplifying demand. Additionally, the industry's shift toward replacing metals with lighter materials to enhance fuel efficiency bolsters TPV usage. Ongoing government initiatives promoting sustainable materials and investments in infrastructure are also expected to reinforce market growth, particularly in sectors like automotive and medical applications. However, challenges related to raw material costs may impact profitability.

Top-down and bottom-up approaches were used to estimate and validate the size of the Thermoplastic Vulcanizates market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Thermoplastic Vulcanizates Market Segments Analysis

Global Thermoplastic Vulcanizates Market is segmented by grade, processing method, application and region. Based on grade, the market is segmented into standard grade and high-performance grade. Based on processing method, the market is segmented into injection molding, extrusion, blow molding and others. Based on application, the market is segmented into automotive, fluid handling, consumer goods, medical, sports and others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.

Driver of the Thermoplastic Vulcanizates Market

A key factor driving the expansion of the thermoplastic vulcanizates (TPV) market is the rising demand for lightweight and fuel-efficient vehicles. As manufacturers prioritize environmental sustainability and adhere to stringent regulations regarding carbon emissions, they are increasingly turning to innovative materials like TPVs. These materials are known for their outstanding flexibility, durability, and resistance to heat, chemicals, and fluids, making them highly suitable for manufacturing lightweight components in automobiles. This growing trend towards utilizing lighter materials within the automotive sector is anticipated to significantly boost the demand for TPVs, thereby contributing to the overall growth of the market.

Restraints in the Thermoplastic Vulcanizates Market

One significant challenge facing the thermoplastic vulcanizates (TPV) market is the elevated cost of raw materials, specifically those derived from EPDM. The expenses involved in sourcing EPDM-based materials for TPV production can considerably affect manufacturers' profit margins. Furthermore, the volatility in raw material prices can create difficulties for market participants, complicating efforts to sustain stable pricing and profitability. This high cost of raw materials may deter the widespread adoption of TPVs, particularly in markets that are sensitive to price fluctuations, ultimately posing a potential barrier to the overall growth and expansion of the TPV sector.

Market Trends of the Thermoplastic Vulcanizates Market

A notable market trend in the thermoplastic vulcanizates (TPV) sector is their escalating utilization within the medical and healthcare industries. TPVs provide outstanding chemical resistance, flexibility, and durability, making them ideal for various medical applications, including fluid handling systems, tubing, and seals. The increasing emphasis on safety and hygiene, alongside a rising demand for reliable medical devices, is driving the shift towards TPVs over conventional materials. This trend reflects a broader need for lightweight, recyclable, and cost-efficient solutions that adhere to stringent regulatory standards in healthcare, positioning TPVs as a preferred choice for manufacturers in this evolving market landscape.

Table of Contents

Introduction

• Objectives of the Study
• Scope of the Report
• Definitions

Research Methodology

• Information Procurement
• Secondary & Primary Data Methods
• Market Size Estimation
• Market Assumptions & Limitations

Executive Summary

• Global Market Outlook
• Supply & Demand Trend Analysis
• Segmental Opportunity Analysis

Market Dynamics & Outlook

• Market Overview
• Market Size
• Market Dynamics
  • Driver & Opportunities
  • Restraints & Challenges
• Porters Analysis & Impact
  • Competitive rivalry
  • Threat of substitute
  • Bargaining power of buyers
  • Threat of new entrants
  • Bargaining power of suppliers

Key Market Insights

• Key Success Factors
• Degree of Competition
• Top Investment Pockets
• Market Ecosystem
• Market Attractiveness Index, 2025
• PESTEL Analysis
• Macro-Economic Indicators
• Value Chain Analysis
• Pricing Analysis
• Regulatory Landscape
• Patent Analysis

Global Thermoplastic Vulcanizates Market Size by Grade & CAGR (2026-2033)

• Market Overview
• Standard Grade
• High-Performance Grade

Global Thermoplastic Vulcanizates Market Size by Processing Method & CAGR (2026-2033)

• Market Overview
• Injection Molding
• Extrusion
• Blow Molding
• Others

Global Thermoplastic Vulcanizates Market Size by Application & CAGR (2026-2033)

• Market Overview
• Automotive
  • Interior Components
  • Instrument Panels
  • Door Panels
  • Seating
  • Exterior Components
  • Bumpers
  • Weather Seals
  • Wiper Systems
  • Under-the-Hood Components
  • Engine Covers
  • Air Guides
  • Hoses
• Fluid Handling
  • Hoses
  • Seals
  • Gaskets
• Consumer Goods
  • Household Appliances
  • Personal Care Products
• Medical
  • Medical Tubing
  • Syringes
  • Catheters
• Sports
  • Sports Equipment
  • Protective Gear
• Others
  • Construction
  • Electrical & Electronics

Global Thermoplastic Vulcanizates Market Size & CAGR (2026-2033)

• North America, (Grade, Processing Method, Application)
  • US
  • Canada
• Europe, (Grade, Processing Method, Application)
  • UK
  • Germany
  • Spain
  • France
  • Italy
  • Rest of Europe
• Asia-Pacific, (Grade, Processing Method, Application)
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia Pacific
• Latin America, (Grade, Processing Method, Application)
  • Brazil
  • Rest of Latin America
• Middle East & Africa, (Grade, Processing Method, Application)
  • GCC Countries
  • South Africa
  • Rest of Middle East & Africa

Competitive Intelligence

• Top 5 Player Comparison
• Market Positioning of Key Players, 2025
• Strategies Adopted by Key Market Players
• Recent Developments in the Market
• Company Market Share Analysis, 2025
• Company Profiles of All Key Players
  • Company Details
  • Product Portfolio Analysis
  • Company's Segmental Share Analysis
  • Revenue Y-O-Y Comparison (2021-2023)

Key Company Profiles

• ExxonMobil Corporation
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Mitsubishi Chemical Holdings Corporation
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• BASF SE
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Dow Inc.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Arkema S.A.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Asahi Kasei Corporation
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• SABIC
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Kraton Corporation
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• RTP Company
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Ravago Manufacturing
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Celanese Corporation
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Trinseo S.A.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• LyondellBasell Industries N.V.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Covestro AG
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• PolyOne Corporation
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Teknor Apex Company
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Zeon Corporation
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Sumitomo Chemical Co., Ltd.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Tosoh Corporation
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments

Conclusion & Recommendation