Thermoplastic vulcanizates (TPV) are high-performance elastomers that are exceptionally flexible, easy to manufacture, durable, and resistant to heat, fluids, and chemicals. Because of these characteristics, they can be utilized to make lightweight automotive parts such as car doors, weather seals, and engine components. TPVs are commonly utilized in the manufacture of automotive interior and...
Fact.MR’s latest market study reveals that the global thermoplastic vulcanizate market reached a size of US$ 1.65 billion in 2022. Worldwide demand for thermoplastic vulcanizates (TPVs) is forecasted to increase at a CAGR of 5.1% and end up at a market valuation of US$ 2.86 billion by 2033.
The thermoplastic vulcanizate (TPV) market is witnessing significant growth and development owing...