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South America Thermoplastic Vulcanizate Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By End-Use, and Country

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    Report

  • 82 Pages
  • February 2021
  • The Insight Partners
  • ID: 5295077
UP TO OFF until Jun 30th 2024
Advantage of using Thermoplastic Vulcanizate is projected to escalate the Thermoplastic Vulcanizate market growth at CAGR of 5.4% during 2020-2027

According to the latest market study on “South America Thermoplastic Vulcanizate Market Forecast to 2027 - COVID-19 Impact and South America Analysis - By End-Use (Automotive, Building and Construction, Consumer Goods, Healthcare, Others), and Country,” the market was valued at US$ 48.84 million in 2019 and is projected to reach US$ 73.67 million by 2027; it is expected to grow at a CAGR of 5.4% during the forecast period. The report highlights key factors driving the market growth and prominent players, along with their developments in the market.

Thermoplastic vulcanizate (TPV) is a mixture of rubber particles distributed in a thermoplastic matrix. TPV, therefore, has mixed properties, including the characteristics of the vulcanized rubber elastomer as well as the handling properties of the thermoplastic material. Typical TPV contains approximately two-thirds of ethylene propylene diene monomer and one-third of impact polypropylene. This mixture of raw materials can also differ, such as polypropylene with natural rubber, polypropylene and ethylene-octene copolymers, and others. These materials have a wide range of hardness, excellent flex fatigue, high impact resistance, and superior resistance to acids, bases, and aqueous media. Due to its manufacturing versatility and ease of processing, TPV is used in applications requiring durability and lightweight characteristics, such as in vehicles, construction, and others. The increasing demand for lightweight and high-performance materials in the automotive industry is expected to fuel demand for thermoplastic vulcanizations (TPVs) over the forecast period.

TVPs are increasingly being used as an alternative for thermoset rubbers, such as SBR, EPDM, and chlorosulfonated polyethylene, due to their improved durability, protection, low maintenance, and low manufacturing costs. In addition, their growing adoption for the production of lightweight interiors and exteriors, such as air guides and dams; wiper systems; spoilers and trims; flapper door seals; handles and grips; mattresses and cup holders, is expected to drive segment growth over the forecast period.

The South America Thermoplastic Vulcanizate market is concentrated with a few well-established players such as Mitsui Chemicals, Inc., Celanese Corporation, Kumho Polychem, Trinseo, ExxonMobil, and Alphagary

Impact of COVID-19 Pandemic on Thermoplastic Vulcanizate Market

Brazil has the highest number of COVID-19 cases, followed by Argentina, Peru, Chile, and Ecuador among others. The government of South America has taken an array of actions to protect their citizens and contain COVID-19’s spread. It is anticipated that South America will face lower export revenues, both from the drop in commodity prices and reduction in export volumes, especially to China, South America, and the United States, which are important trade partners. Containment measures in several countries of South America will reduce economic activity in the manufacturing and service sectors for at least the next quarter, with a rebound once the epidemic is contained.

South America Thermoplastic Vulcanizate Market Breakdown - by Region, 2018

The report includes the segmentation of the South America Thermoplastic Vulcanizate market as follows:

By End-Use Industry

Automotive
Building & Construction
Consumer Goods
Healthcare
Other

By Country
  • Brazil
  • Argentina
  • Rest of South America

Reasons to Buy
  • Highlights key business priorities in order to assist companies to realign their business strategies.
  • The key findings and recommendations highlight crucial progressive industry trends in the South America Thermoplastic Vulcanizate market, thereby allowing players to develop effective long-term strategies.
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it.
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.

Table of Contents

1. Introduction
1.1 Study Scope
1.2 Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. Thermoplastic Vulcanizate Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 South America
4.3 Expert Opinion
5. Thermoplastic Vulcanizate Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Extensive Demand from Automobile Industry
5.1.2 Growing Demand of Thermoplastic Vulcanizate from Consumer Goods Industry
5.2 Market Restraints
5.2.1 Fluctuating Raw Material Prices
5.3 Market Opportunities
5.3.1 Use of Bio- Based Thermoplastic Vulcanizate
5.4 Future Trends
5.4.1 Rising Usage of Thermoplastic Vulcanizate in Healthcare Industry
5.5 Impact Analysis Of Drivers And Restraints
6. Thermoplastic Vulcanizate - South America Market Analysis
6.1 Thermoplastic Vulcanizate Market Overview
6.2 South America Thermoplastic Vulcanizate Market -Revenue and Forecast to 2027 (US$ Million)
7. Thermoplastic Vulcanizate Market Analysis - By End Use Industry
7.1 Overview
7.2 South America Thermoplastic Vulcanizate Market, By End Use Industry (2019 and 2027)
7.3 Automotive
7.3.1 Overview
7.3.1.1 Automotive: Thermoplastic Vulcanizate Market - Revenue and Forecast to 2027 (US$ Million)
7.4 Building & Construction
7.4.1 Overview
7.4.1.1 Building & Construction: Thermoplastic Vulcanizate Market - Revenue and Forecast to 2027 (US$ Million)
7.5 Consumer Goods
7.5.1 Overview
7.5.1.1 Consumer Goods: Thermoplastic Vulcanizate Market - Revenue and Forecast to 2027 (US$ Million)
7.6 Healthcare
7.6.1 Overview
7.6.1.1 Healthcare: Thermoplastic Vulcanizate Market - Revenue and Forecast to 2027 (US$ Million)
7.7 Others
7.7.1 Overview
7.7.1.1 Others: Thermoplastic Vulcanizate (TPV) Market - Revenue, and Forecast to 2027 (US$ Million)
8. Thermoplastic Vulcanizate Market - Country Analysis
8.1 South America: Thermoplastic Vulcanizate Market
8.1.1 SAM: Thermoplastic Vulcanizate (TPV) Market - Revenue and Forecast to 2027 (US$ Million)
8.1.2 SAM: Thermoplastic Vulcanizate (TPV) Market, by End Use Industry
8.1.3 SAM: Thermoplastic Vulcanizate (TPV) Market, by Key Country
8.1.3.1 Brazil: Thermoplastic Vulcanizate (TPV) Market -Revenue and Forecast to 2027 (US$ Million)
8.1.3.1.1 Brazil: Thermoplastic Vulcanizate (TPV) Market, by End Use Industry
8.1.3.2 Argentina: Thermoplastic Vulcanizate (TPV) Market -Revenue and Forecast to 2027 (US$ Million)
8.1.3.2.1 Argentina: Thermoplastic Vulcanizate (TPV) Market, by End Use Industry
8.1.3.3 Rest of SAM: Thermoplastic Vulcanizate (TPV) Market -Revenue and Forecast to 2027 (US$ Million)
8.1.3.3.1 Rest of SAM: Thermoplastic Vulcanizate (TPV) Market, by End Use Industry
9. Impact of COVID-19 Pandemic on South America Thermoplastic Vulcanizate Market
9.1 Overview
10. Company Profiles
10.1 Mitsui Chemicals, Inc.
10.1.1 Key Facts
10.1.2 Business Description
10.1.3 Products and Services
10.1.4 Financial Overview
10.1.5 SWOT Analysis
10.1.6 Key Developments
10.2 Celanese Corporation
10.2.1 Key Facts
10.2.2 Business Description
10.2.3 Products and Services
10.2.4 Financial Overview
10.2.5 SWOT Analysis
10.2.6 Key Developments
10.3 Kumho Polychem
10.3.1 Key Facts
10.3.2 Business Description
10.3.3 Products and Services
10.3.4 Financial Overview
10.3.5 SWOT Analysis
10.3.6 Key Developments
10.4 Trinseo
10.4.1 Key Facts
10.4.2 Business Description
10.4.3 Products and Services
10.4.4 Financial Overview
10.4.5 SWOT Analysis
10.5 ExxonMobil
10.5.1 Key Facts
10.5.2 Business Description
10.5.3 Products and Services
10.5.4 Financial Overview
10.5.5 SWOT Analysis
10.5.6 Key Developments
10.6 Alphagary
10.6.1 Key Facts
10.6.2 Business Description
10.6.3 Products And Services
10.6.4 Financial Overview
10.6.5 Swot Analysis
11. Appendix
11.1 About the Publisher
11.2 Glossary of Terms
List of Tables
Table 1. South America Thermoplastic Vulcanizate Market -Revenue and Forecast to 2027 (US$ Million)
Table 2. SAM Thermoplastic Vulcanizate (TPV) Market, by End Use Industry - Revenue and Forecast to 2027 (US$ Million)
Table 3. Brazil Thermoplastic Vulcanizate (TPV) Market, by End Use Industry - Revenue and Forecast to 2027 (US$ Million)
Table 4. Argentina Thermoplastic Vulcanizate (TPV) Market, by End Use Industry - Revenue and Forecast to 2027 (US$ Million)
Table 5. Rest of SAM Thermoplastic Vulcanizate (TPV) Market, by End Use Industry - Revenue and Forecast to 2027 (US$ Million)
Table 6. Glossary of Terms, Thermoplastic Vulcanizate (TPV) Market
List of Figures
Figure 1. Thermoplastic Vulcanizate Market Segmentation
Figure 2. Thermoplastic Vulcanizate Market Segmentation - By Country
Figure 3. South America Thermoplastic Vulcanizate Market Overview
Figure 4. Automotive Segment Held Largest Share of South America Thermoplastic Vulcanizate Market
Figure 5. Brazil Country Held Largest Share of South America Thermoplastic Vulcanizate Market
Figure 6. South America Thermoplastic Vulcanizate Market, Industry Landscape
Figure 7. South America: PEST Analysis
Figure 8. Expert Opinion
Figure 9. Thermoplastic Vulcanizate (TPV) Market Impact Analysis Of Driver And Restraints
Figure 10. South America Thermoplastic Vulcanizate Market - Revenue and Forecast to 2027 (US$ Million)
Figure 11. South America Thermoplastic Vulcanizate Market Revenue Share, by End Use Industry (2019 and 2027)
Figure 12. South America Automotive: Thermoplastic Vulcanizate Market - Revenue, and Forecast to 2027 (US$ Million)
Figure 13. South America Building & Construction: Thermoplastic Vulcanizate Market -Revenue and Forecast to 2027 (US$ Million)
Figure 14. South America Consumer Goods: Thermoplastic Vulcanizate Market -Revenue and Forecast to 2027 (US$ Million)
Figure 15. South America Healthcare: Thermoplastic Vulcanizate Market -Revenue and Forecast to 2027 (US$ Million)
Figure 16. Others: Thermoplastic Vulcanizate (TPV) Market - Revenue, and Forecast to 2027 (US$ Million)
Figure 17. SAM: Thermoplastic Vulcanizate (TPV) Market - Revenue and Forecast to 2027 (US$ Million)
Figure 18. SAM: Thermoplastic Vulcanizate (TPV) Market Revenue Share, by End Use Industry (2019 and 2027)
Figure 19. SAM: Thermoplastic Vulcanizate (TPV) Market Revenue Share, by Key Country (2019 and 2027)
Figure 20. Brazil: Thermoplastic Vulcanizate (TPV) Market -Revenue and Forecast to 2027 (US$ Million)
Figure 21. Argentina: Thermoplastic Vulcanizate (TPV) Market -Revenue and Forecast to 2027 (US$ Million)
Figure 22. Rest of SAM: Thermoplastic Vulcanizate (TPV) Market -Revenue and Forecast to 2027 (US$ Million)
Figure 23. Impact of COVID-19 Pandemic in South America Country Markets

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Alphagary
  • Exxon Mobil Corporation
  • Celanese Corporation
  • Kumho Polychem
  • Mitsui Chemicals, Inc.
  • Trinseo LLC