Lucintel Forecasts Thermoplastic Vulcanizate Market To Reach $1.8 Billion By 2028

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According to the recent study the thermoplastic vulcanizate market is projected to reach an estimated $1.8 billion by 2028 from $1.4 billion in 2023, at a CAGR of 5.5% from 2023 to 2028. Growth in this market is primarily driven by growing use of thermoplastics as a replacement of metals in end use industries; rising demand for eco-friendly, lightweight, durable, and safe materials; and favorable government policies to use recyclable materials across various countries.
A more than 150–page report is developed to understand trends, opportunities and forecast in thermoplastic vulcanizate market by application (automotive, fluid handling, consumer goods, medical, footwear, and others) and region (North America, Europe, Asia Pacific, and the Rest of the World).
Download sample report by clicking on below link https://www.lucintel.com/thermoplastic-vulcanizate-market.aspx

“Automotive market is expected to remain the largest segment during the forecast period.”
Based on application, the thermoplastic vulcanizate market is segmented into automotive, fluid handling, consumer goods, medical, footwear, ...
... and others. Lucintel forecasts that the automotive market is expected to remain the largest segment due to the increasing use of thermoplastics as a high-performing and lightweight material in vehicle parts, such as gaskets, air duct covers, headlamps seats, vibration dampeners, and panel hole plugs.
“North America will dominate the thermoplastic vulcanizate market in near future”
North America will remain the largest region due to extensive production of passenger cars with the use of thermoplastics, presence of key players, and growing trend of electric vehicles in the region.
Download Brochure of this report by clicking on https://www.lucintel.com/thermoplastic-vulcanizate-market.aspx
Major players of thermoplastic vulcanizate market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. JSR, Exxon Mobil, RTP, DuPont de Nemours, Mitsui, and Celanese are among the major thermoplastic vulcanizate providers.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/thermoplastic-vulcanizate-market.aspx or helpdesk@lucintel.com
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. For further information, visit www.lucintel.com

Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056

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