The Top Players You Need to Know in the Thermoplastic Elastomers Space
The global thermoplastic vulcanizates market was valued at USD 2.6 billion in 2022 and is projected to reach USD 4.9 billion by 2032, growing at 6.5% cagr from 2022 to 2032. Thermoplastic vulcanizates (TPVs) are a type of thermoplastic elastomers that combines the characteristics of both thermoplastic and elastomers. They are created by physically combining a thermoplastic resin with a vulcanized elastomer, resulting in a material that has the flexibility and elasticity of an elastomer but can also be melted and re-molded like a thermoplastic. TPVs have high strength, chemical resistance, and low-temperature flexibility. They are commonly utilised various segments such as automotive, construction, fluid handling, medical consumer goods, and others.
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