Thermoplastic Vulcanizates Market To Create Business Opportunities, Based On Growing Demand For Lightweight, High-Performance Materials
Thermoplastic Vulcanizates Industry Overview The global thermoplastic vulcanizates market size is anticipated to reach USD 2.6 billion by 2028, according to a new report by Grand View Research, Inc., registering a CAGR of 6.9% over the forecast period. The growing demand for lightweight, high-performance materials from the automotive industry is expected to drive the global market. Increasing government intervention for improving fuel efficiency has prompted the use of high-performance engineering plastics including thermoplastic vulcanizate (TPV). The medical application segment is expected to witness the fastest growth over the forecast period. The high demand for advanced healthcare services owing to the availability of well-developed healthcare infrastructure, increasing incidences of Cardiovascular Diseases (CVDs), and rising aging population across the world is anticipated to drive the demand for medical devices. Thermo...