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PUBLISHER: Grand View Research | PRODUCT CODE: 1493288

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PUBLISHER: Grand View Research | PRODUCT CODE: 1493288

Southeast Asia Thermoplastic Vulcanizates Market Size, Share & Trends Analysis Report By End-use (Automotive, Building & Construction, Consumer Goods), By Country (Thailand, Indonesia, Vietnam), And Segment Forecasts, 2024 - 2030

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Description

Table of Contents

List of Tables

Southeast Asia Thermoplastic Vulcanizates Market Growth & Trends:

The Southeast Asia thermoplastic vulcanizates market size is anticipated to reach USD 50.07 million by 2030 and is expected to expand at a CAGR of 8.2% during the forecast period, according to a new report by Grand View Research, Inc. The market growth is primarily driven by the ascending demand for the product from key industries, including automotive, electrical & electronics, and building and construction in emerging countries such as Thailand and the Philippines.

Furthermore, the growing demand for high-performance and lightweight vehicles and durable electronics has increased the demand for thermoplastic vulcanizates (TPVs) in these industries. Owing to its significant penetration in the region, TPV offers better flexibility and durability than other thermoplastic elastomers.

Unlike conventional TPVs, bio-based TPVs do not take several hundred years to degrade into the environment. Rising plastic accumulation and recycling & reuse are the major concerns for regional governments. The growing concerns related to the environmental impact, recyclability, and decomposition time in landfills of the products they purchase are expected to positively impact the growth of the bio-based thermoplastic vulcanizates market over the forecast period.

Southeast Asia Thermoplastic Vulcanizates Market Report Highlights:

  • Automotive dominated the source segment with more than 52.77% share in 2023 due to the rising demand for lightweight, high-performance materials like TPVs, which are alternative to traditional rubber and helping to reduce the overall vehicle weight
  • The building and construction segment is expected to grow at a significant CAGR of 8.3% over the forecast period. The market is expected to benefit from rising construction spending and consumers' growing inclination toward sustainable and lightweight building materials over conventional materials
  • TPVs are increasingly used as an alternative for thermoset rubbers, such as SBR, EPDM, and chlorosulfonated polyethylene, owing to their better reliability, safety, low maintenance, and low cost of manufacturing the parts. They're used in the automotive sector for applications like weather seals for windshields, sunroofs, and roof lines
  • Indonesia dominated the market with the highest revenue share in 2023, owing to ongoing urbanization and rising disposable income. The growth of this industry in the country is expected to contribute to the demand for TPVs used for developing several electronic and household appliances
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Product Code: GVR-4-68040-273-2

Table of Contents

Chapter 1. Methodology and Scope

  • 1.1. Market Segmentation & Scope
  • 1.2. Market Definition
  • 1.3. Information Procurement
    • 1.3.1. Purchased Database
    • 1.3.2. GVR's Internal Database
    • 1.3.3. Secondary Sources & Third-Party Perspectives
    • 1.3.4. Primary Research
  • 1.4. Information Analysis
    • 1.4.1. Data Analysis Models
  • 1.5. Market Formulation & Data Visualization
  • 1.6. Data Validation & Publishing

Chapter 2. Executive Summary

  • 2.1. Market Snapshot
  • 2.2. Segment Snapshot
  • 2.3. Competitive Landscape Snapshot

Chapter 3. Southeast Asia Thermoplastic Vulcanizates (TPV) Market Variables, Trends & Scope

  • 3.1. Market Lineage Outlook
    • 3.1.1. Parent Market Outlook
    • 3.1.2. Related Market Outlook
  • 3.2. Industry Value Chain Analysis
    • 3.2.1. Distribution Channel Analysis
    • 3.2.2. Raw Material Trends
    • 3.2.3. Technological Overview
  • 3.3. Regulatory Framework
  • 3.4. Market Dynamics
    • 3.4.1. Market Driver Analysis
    • 3.4.2. Market Restraint Analysis
    • 3.4.3. Industry Challenges
    • 3.4.4. Industry Opportunities
  • 3.5. Industry Analysis Tools
    • 3.5.1. Porter's Five Forces Analysis
    • 3.5.2. Macro-environmental Analysis

Chapter 4. Southeast Asia Thermoplastic Vulcanizates (TPV) Market: End-use Estimates & Trend Analysis

  • 4.1. End-use Movement Analysis & Market Share, 2023 & 2030
  • 4.2. Southeast Asia Thermoplastic Vulcanizates (TPV) Market Estimates & Forecast, By End-use, 2018 to 2030 (Tons) (USD Thousand)
  • 4.3. Automotive
    • 4.3.1. Automotive Market Revenue Estimates and Forecasts, 2018 - 2030 (Tons) (USD Thousand)
  • 4.4. Building & Construction
    • 4.4.1. Building & Construction Market Revenue Estimates and Forecasts, 2018 - 2030 (Tons) (USD Thousand)
  • 4.5. Consumer Goods
    • 4.5.1. Consumer Goods Market Revenue Estimates and Forecasts, 2018 - 2030 (Tons) (USD Thousand)
  • 4.6. Medical
    • 4.6.1. Medical Market Revenue Estimates and Forecasts, 2018 - 2030 (Tons) (USD Thousand)
  • 4.7. Fluid Handling
    • 4.7.1. Fluid Handling Market Revenue Estimates and Forecasts, 2018 - 2030 (Tons) (USD Thousand)
  • 4.8. Others
    • 4.8.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (Tons) (USD Thousand)

Chapter 5. Southeast Asia Thermoplastic Vulcanizates (TPV) Market: Country Estimates & Trend Analysis

  • 5.1. Country Movement Analysis & Market Share, 2023 & 2030
  • 5.2. Southeast Asia
    • 5.2.1. Southeast Asia Thermoplastic Vulcanizates (TPV) Market Estimates & Forecast, 2018 - 2030 (Tons) (USD Thousand)
    • 5.2.2. Thailand
      • 5.2.2.1. Key country dynamics
      • 5.2.2.2. Thailand Thermoplastic Vulcanizates (TPV) Market estimates & forecast, 2018 - 2030 (Tons) (USD Thousand)
    • 5.2.3. Indonesia
      • 5.2.3.1. Key country dynamics
      • 5.2.3.2. Indonesia Thermoplastic Vulcanizates (TPV) Market estimates & forecast, 2018 - 2030 (Tons) (USD Thousand)
    • 5.2.4. Vietnam
      • 5.2.4.1. Key country dynamics
      • 5.2.4.2. Vietnam Thermoplastic Vulcanizates (TPV) Market estimates & forecast, 2018 - 2030 (Tons) (USD Thousand)
    • 5.2.5. Philippines
      • 5.2.5.1. Key country dynamics
      • 5.2.5.2. Philippines Thermoplastic Vulcanizates (TPV) Market estimates & forecast, 2018 - 2030 (Tons) (USD Thousand)
    • 5.2.6. Malaysia
      • 5.2.6.1. Key country dynamics
      • 5.2.6.2. Malaysia Thermoplastic Vulcanizates (TPV) Market estimates & forecast, 2018 - 2030 (Tons) (USD Thousand)

Chapter 6. Southeast Asia Thermoplastic Vulcanizates (TPV) Market - Competitive Landscape

  • 6.1. Recent Developments & Impact Analysis, By Key Market Participants
  • 6.2. Company Categorization
  • 6.3. Company Market Share/Position Analysis, 2023
  • 6.4. Company Heat Map Analysis
  • 6.5. Strategy Mapping
    • 6.5.1. Expansion
    • 6.5.2. Mergers & Acquisition
    • 6.5.3. Partnerships & Collaborations
    • 6.5.4. New Product Launches
    • 6.5.5. Research And Development
  • 6.6. Company Profiles
    • 6.6.1. Dow Chemical Thailand
      • 6.6.1.1. Participant's overview
      • 6.6.1.2. Financial performance
      • 6.6.1.3. Product benchmarking
      • 6.6.1.4. Recent developments
    • 6.6.2. APAR Industries
      • 6.6.2.1. Participant's overview
      • 6.6.2.2. Financial performance
      • 6.6.2.3. Product benchmarking
      • 6.6.2.4. Recent developments
    • 6.6.3. KK Kompounding Tech Giant Limited
      • 6.6.3.1. Participant's overview
      • 6.6.3.2. Financial performance
      • 6.6.3.3. Product benchmarking
      • 6.6.3.4. Recent developments
    • 6.6.4. Elkem ASA
      • 6.6.4.1. Participant's overview
      • 6.6.4.2. Financial performance
      • 6.6.4.3. Product benchmarking
      • 6.6.4.4. Recent developments
    • 6.6.5. Teknor Apex
      • 6.6.5.1. Participant's overview
      • 6.6.5.2. Financial performance
      • 6.6.5.3. Product benchmarking
      • 6.6.5.4. Recent developments
    • 6.6.6. MT PLAS (M) SDN BHD
      • 6.6.6.1. Participant's overview
      • 6.6.6.2. Financial performance
      • 6.6.6.3. Product benchmarking
      • 6.6.6.4. Recent developments
    • 6.6.7. Elastron TPE
      • 6.6.7.1. Participant's overview
      • 6.6.7.2. Financial performance
      • 6.6.7.3. Product benchmarking
      • 6.6.7.4. Recent developments
    • 6.6.8. Preeco Engineering Sdn Bhd
      • 6.6.8.1. Participant's overview
      • 6.6.8.2. Financial performance
      • 6.6.8.3. Product benchmarking
      • 6.6.8.4. Recent developments
    • 6.6.9. MCPP INDONESIA
      • 6.6.9.1. Participant's overview
      • 6.6.9.2. Financial performance
      • 6.6.9.3. Product benchmarking
      • 6.6.9.4. Recent developments
    • 6.6.10. Nexeo Plastics, LLC
      • 6.6.10.1. Participant's overview
      • 6.6.10.2. Financial performance
      • 6.6.10.3. Product benchmarking
      • 6.6.10.4. Recent developments
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Product Code: GVR-4-68040-273-2

List of Tables

  • Table 1 Southeast Asia Thermoplastic Vulcanizates (TPV) Market estimates and forecasts, 2018 - 2030 (Tons) (USD Thousand)
  • Table 2 Southeast Asia Thermoplastic Vulcanizates (TPV) Market estimates and forecasts by end-use, 2018 - 2030 (Tons) (USD Thousand)
  • Table 3 Southeast Asia Thermoplastic Vulcanizates (TPV) Market estimates and forecasts in automotive 2018 - 2030 (Tons) (USD Thousand)
  • Table 4 Southeast Asia Thermoplastic Vulcanizates (TPV) Market estimates and forecasts in building & construction 2018 - 2030 (Tons) (USD Thousand)
  • Table 5 Southeast Asia Thermoplastic Vulcanizates (TPV) Market estimates and forecasts in consumer goods 2018 - 2030 (Tons) (USD Thousand)
  • Table 6 Southeast Asia Thermoplastic Vulcanizates (TPV) Market estimates and forecasts in medical, 2018 - 2030 (Tons) (USD Thousand)
  • Table 7 Southeast Asia Thermoplastic Vulcanizates (TPV) Market estimates and forecasts in fluid handling, 2018 - 2030 (Tons) (USD Thousand)
  • Table 8 Southeast Asia Thermoplastic Vulcanizates (TPV) Market estimates and forecasts in other, 2018 - 2030 (Tons) (USD Thousand)
  • Table 9 Thailand Thermoplastic vulcanizates Market estimates and forecasts, by end-use, 2018 - 2030 (Tons) (USD Thousand)
  • Table 10 Indonesia Thermoplastic vulcanizates Market estimates and forecasts, by end-use, 2018 - 2030 (Tons) (USD Thousand)
  • Table 11 Vietnam Thermoplastic vulcanizates Market estimates and forecasts, by end-use, 2018 - 2030 (Tons) (USD Thousand)
  • Table 12 Philippines Thermoplastic vulcanizates Market estimates and forecasts, by end-use, 2018 - 2030 (Tons) (USD Thousand)
  • Table 13 Malaysia Thermoplastic vulcanizates Market estimates and forecasts, by end-use, 2018 - 2030 (Tons) (USD Thousand)

List of Figures

  • Fig. 1 Market research process
  • Fig. 2 Data triangulation techniques
  • Fig. 3 Primary research pattern
  • Fig. 4 Market research approaches
  • Fig. 5 QFD modeling for market share assessment
  • Fig. 6 Information Procurement
  • Fig. 7 Market Formulation and Validation
  • Fig. 8 Data Validating & Publishing
  • Fig. 9 Market Segmentation & Scope
  • Fig. 10 Southeast Asia Thermoplastic Vulcanizates (TPV) Market Snapshot
  • Fig. 11 Segment Snapshot
  • Fig. 12 Competitive Landscape Snapshot
  • Fig. 13 Parent market outlook
  • Fig. 14 Southeast Asia Thermoplastic Vulcanizates (TPV) Market Value, 2023 (USD Thousand)
  • Fig. 15 Southeast Asia Thermoplastic Vulcanizates (TPV) Market - Value Chain Analysis
  • Fig. 16 Southeast Asia Thermoplastic Vulcanizates (TPV) Market - Price Trend Analysis 2018 - 2030 (USD/Kg)
  • Fig. 17 Southeast Asia Thermoplastic Vulcanizates (TPV) Market - Market Dynamics
  • Fig. 18 Southeast Asia Thermoplastic Vulcanizates (TPV) Market - PORTER's Analysis
  • Fig. 19 Southeast Asia Thermoplastic Vulcanizates (TPV) Market - PESTEL Analysis
  • Fig. 20 Southeast Asia Thermoplastic Vulcanizates (TPV) Market Estimates & Forecasts, By Product: Key Takeaways
  • Fig. 21 Southeast Asia Thermoplastic Vulcanizates (TPV) Market Share, By End-use, 2022 & 2030
  • Fig. 22 Southeast Asia Thermoplastic Vulcanizates (TPV) Market Share, By End-use, 2023 & 2030
  • Fig. 23 Southeast Asia Thermoplastic Vulcanizates (TPV) Market Estimates & Forecasts, in automotive, 2018 - 2030 (Tons) (USD Thousand)
  • Fig. 24 Southeast Asia Thermoplastic Vulcanizates (TPV) Market Estimates & Forecasts, in building & construction, 2018 - 2030 (Tons) (USD Thousand)
  • Fig. 25 Southeast Asia Thermoplastic Vulcanizates (TPV) Market Estimates & Forecasts, in consumer goods, 2018 - 2030 (Tons) (USD Thousand)
  • Fig. 26 Southeast Asia Thermoplastic Vulcanizates (TPV) Market Estimates & Forecasts, in medical, 2018 - 2030 (Tons) (USD Thousand)
  • Fig. 27 Southeast Asia Thermoplastic Vulcanizates (TPV) Market Estimates & Forecasts, in fluid handling, 2018 - 2030 (Tons) (USD Thousand)
  • Fig. 28 Southeast Asia Thermoplastic Vulcanizates (TPV) Market Estimates & Forecasts, in others, 2018 - 2030 (Tons) (USD Thousand)
  • Fig. 29 Southeast Asia Thermoplastic Vulcanizates (TPV) Market Revenue, By Country, 2023 & 2030 (USD Thousand)
  • Fig. 30 Thailand Thermoplastic vulcanizates Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Thousand)
  • Fig. 31 Indonesia Thermoplastic vulcanizates Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Thousand)
  • Fig. 32 Vietnam Thermoplastic vulcanizates Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Thousand)
  • Fig. 33 Philippines Thermoplastic vulcanizates Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Thousand)
  • Fig. 34 Malaysia Thermoplastic vulcanizates Market Estimates & Forecasts, 2018 - 2030 (Tons) (USD Thousand)
  • Fig. 35 Key Company Categorization
  • Fig. 36 Company Market Positioning
  • Fig. 37 Key Company Market Share Analysis, 2023
  • Fig. 38 Strategy Mapping
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