According to our (Global Info Research) latest study, the global Automotive Thermoplastic Vulcanizate (TPV) market size was valued at US$ 31790 million in 2025 and is forecast to a readjusted size of US$ 50890 million by 2032 with a CAGR of 7.0% during review period.
Thermoplastic elastomers (TPE) are a class of materials that combine the advantages of a rubber, such as excellent compression set for good sealing, with the processability of conventional thermoplastics. Thermoplastic vulcanizate (TPV) is a subset of TPEs produced from a blend of vulcanized-crosslinked rubber finely dispersed in a continuous thermoplastic matrix. TPVs are produced by dynamic vulcanization, whereby a rubber is cured/ vulcanized within a thermoplastic polymer while the polymers are undergoing intimate mixing or mastication at elevated temperatures. Elasticity, tensile properties and hardness of the TPV are controlled by the ratio of the harder thermoplastic phase to the softer rubber phase.TPVs exhibit the advantageous sealing properties of conventional cured rubber, excellent physical properties, good high temperature resistance and outstanding chemical resistance. Due to these benefits TPVs have become a workhorse material for a variety of automotive sealing applications. The applications for TPVs in automotive sealing include glass run channels, dynamic seals, cowl vent grille seals and outer belt line seals. In addition,the application of thermoplastic vulcanizate in the automotive/transportation industry is beneficial to reduce part weight and improve fuel efficiency; enhance part performance and improve overall vehicle quality; reduce system cost and improve recyclability.
Automotive is a key driver of this industry. According to data from the World Automobile Organization (OICA), global automobile production and sales in 2017 reached their peak in the past 10 years, at 97.3 million and 95.89 million respectively. In 2018, the global economic expansion ended, and the global auto market declined as a whole. In 2022, there will wear units 81.6 million vehicles in the world. At present, more than 90% of the world"s automobiles are concentrated in the three continents of Asia, Europe and North America, of which Asia automobile production accounts for 56% of the world, Europe accounts for 20%, and North America accounts for 16%. The world major automobile producing countries include China, the United States, Japan, South Korea, Germany, India, Mexico, and other countries; among them, China is the largest automobile producing country in the world, accounting for about 32%. Japan is the world"s largest car exporter, exporting more than 3.5 million vehicles in 2022.
This report is a detailed and comprehensive analysis for global Automotive Thermoplastic Vulcanizate (TPV) market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Automotive Thermoplastic Vulcanizate (TPV) market size and forecasts, in consumption value ($ Million), sales quantity (Tons), and average selling prices (US$/Ton), 2021-2032
Global Automotive Thermoplastic Vulcanizate (TPV) market size and forecasts by region and country, in consumption value ($ Million), sales quantity (Tons), and average selling prices (US$/Ton), 2021-2032
Global Automotive Thermoplastic Vulcanizate (TPV) market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (Tons), and average selling prices (US$/Ton), 2021-2032
Global Automotive Thermoplastic Vulcanizate (TPV) market shares of main players, shipments in revenue ($ Million), sales quantity (Tons), and ASP (US$/Ton), 2021-2026
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Automotive Thermoplastic Vulcanizate (TPV)
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Automotive Thermoplastic Vulcanizate (TPV) market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Celanese Corporation, Biesterfeld AG, Reed Rubber Products,Inc, DuPont, Teleflex, Zeon Chemicals, Nippon Zeon, Teknor Apex Company, Kraton Corporation, Dow Inc., etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
Automotive Thermoplastic Vulcanizate (TPV) market is split by Type and by Application. For the period 2021-2032, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
PP/EPDM TPV
Phenolic Resin Cured TPV
Sulfur Cured TPV
Peroxide Cured TPV
Market segment by Application
Internal Combustion Engine Vehicle
Electric Vehicle
Major players covered
Celanese Corporation
Biesterfeld AG
Reed Rubber Products,Inc
DuPont
Teleflex
Zeon Chemicals
Nippon Zeon
Teknor Apex Company
Kraton Corporation
Dow Inc.
BASF
Dynasol Group
Avient
PolyOne
Nexeo Plastics
Entec Polymers
Exxonmobil
Mitsubishi
KUMHO POLYCHEM
Market segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Automotive Thermoplastic Vulcanizate (TPV) product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Automotive Thermoplastic Vulcanizate (TPV), with price, sales quantity, revenue, and global market share of Automotive Thermoplastic Vulcanizate (TPV) from 2021 to 2026.
Chapter 3, the Automotive Thermoplastic Vulcanizate (TPV) competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Automotive Thermoplastic Vulcanizate (TPV) breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2021 to 2032.
Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2021 to 2032.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2021 to 2026.and Automotive Thermoplastic Vulcanizate (TPV) market forecast, by regions, by Type, and by Application, with sales and revenue, from 2027 to 2032.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Automotive Thermoplastic Vulcanizate (TPV).
Chapter 14 and 15, to describe Automotive Thermoplastic Vulcanizate (TPV) sales channel, distributors, customers, research findings and conclusion.
Summary:
Get latest Market Research Reports on Automotive Thermoplastic Vulcanizate (TPV). Industry analysis & Market Report on Automotive Thermoplastic Vulcanizate (TPV) is a syndicated market report, published as Global Automotive Thermoplastic Vulcanizate (TPV) Market 2026 by Manufacturers, Regions, Type and Application, Forecast to 2032. It is complete Research Study and Industry Analysis of Automotive Thermoplastic Vulcanizate (TPV) market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.