Thermoplastic Vulcanizates Market - Forecast(2022 - 2027)
Thermoplastic vulcanizates market size is forecast to reach $1.5 billion by 2026, after growing at a CAGR of 5% during 2021-2026. Thermoplastic vulcanizates are based on polyvinylidene fluoride, acrylic rubber, and ethylene-methacrylic acid possess excellent chemical resistance to acids, bases, and other aqueous media, and have good property retention owing to which it is widely utilized in various end-use industries such as automotive, building & construction, sports, and more. In addition, thermoplastic vulcanizates deliver superior performance as compared to other substitute products such as conventional thermosetting rubbers owing to their special microstructure. Furthermore, the rapid growth of the medical & healthcare industry has increased the demand for thermoplastic vulcanizates; thereby, fueling market growth. Furthermore, the flourishing automotive & transportation industry is also anticipated to drive the thermoplastic vulcanizates industry substantially during...