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Hexa Reports
Market Research Reports and Insightful Company Profiles
Thermoplastic Vulcanizates (TPV) Market Size, Share,
Trends, Growth, Analysis and Outlook, Competitive
Strategies And Forecasts, 2015-2019
Technavioa€™s market research analyst predicts the thermoplastic vulcanizates (TPV) market to grow at
a rate of around 7% during the forecast period. The rising adoption of TPV as a replacement for PVC in
the healthcare sector is the primary driver for the growth of this market.
TPVa€™s unique characteristics such as environment-friendliness, low drug absorption, toughness, and
optical clarity have made them an ideal choice for the manufacturing of blood bags, catheters and
disposable gloves. For instance, Johnson & Johnson and GE Healthcare, having increased their R&D
spending to develop and introduce new TPV-based medical products in the market.
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The growing popularity of olefin-based copolymer TPV is also anticipated to contribute to the market
growth during the forecast period. Olefin-based copolymer TPV has a high abrasion resistance and is
being used to replace traditional styrenic thermoplastic elastomers (TPE) in its commercial and industrial
applications.
Segmentation by application and analysis of - automotive, medical, consumer goods, fluid handling
Hexa Reports
Market Research Reports and Insightful Company Profiles
During 2014, the automotive sector led the market with a share of 51%. The rising adoption of TPV as a
replacement for traditional rubber and EPDM in this sector is the primary driver for the growth of this
segment. TPV is used in interior and exterior ancillaries, sealing systems, and under-the-hood
components of automobiles.
The report offers an analysis of each of the following segments and discusses its impact on the overall
market growth Automotive
Fluid handling and construction
Medical
Consumer...