The demand for thermoplastic dynamic vulcanizate (TPV) is increasing year by year, and functionalization and greening have become the main trends.

Thermoplastic dynamic vulcanizate (TPV) is a polymer elastomer material composed of highly vulcanized ethylene propylene diene rubber (EPDM) and its particles dispersed in a continuous polypropylene PP phase. TPV has excellent resilience, easy processability, heat resistance, easy recyclability, etc., and is widely used in fields such as auto parts, electronic appliances, medicine, daily consumption, and construction.

TPV is an advanced synthetic rubber made through a dynamic vulcanization process. It is mainly composed of thermoplastic and rubber. The thermoplastic is the continuous phase and the rubber is the dispersed phase. It exists in the form of micron-sized rubber particles. The rubber content is higher than the thermoplastic content. . TPV is called the third generation rubber. Currently commercialized TPV products include PP/EPDM, PP/NBR, PA6/ACM, PP/SEBS, etc., among which PP/EPDM is the mainstream product in the market.

According to the “2021-2025 Thermoplastic Dynamic Vulcanized Rubber (TPV) Industry Market In-depth Research and Investment Prospects Forecast Analysis Report released by the Industrial Research Center 》 shows that TPV has a wide range of downstream applications and market demand is growing. It is expected that the global TPV market demand will reach 2 million tons in 2025. In recent years, my country’s economy has grown rapidly, with rapid industrialization and urbanization. Against this background, the domestic market demand for TPV has also continued to grow, with a growth rate higher than the global average.

From a production perspective, in the international market, the main suppliers of TPV include ExxonMobil, Dawn Co., Ltd., Teknor Apex Company of the United States, and Mitsui of Japan. The TPV market is highly concentrated, with ExxonMobil being the market leader, accounting for 70% of the market. At present, my country’s high-end TPV import dependence is high, and there is broad room for domestic substitution of TPV.

The main TPV manufacturing enterprises in my country include Dawn Co., Ltd., Nanjing Jinling Optoelectronics, Dalian Kemeng, CGN Delta Group, etc. In the international market competition, Chinese enterprises have certain advantages in terms of cost, service, etc., so their share in the international market growing. TPV preparation processes include dynamic vulcanization method, physical blending method, etc., among which dynamic vulcanization method is the preparation process selected by most companies.

The industrial production of TPV started in the 1980s. In recent years, driven by the continuous advancement of science and technology and the active layout of related enterprises, the TPV market has entered a period of rapid development. With the development of the market, the types of TPV are constantly enriched. Currently, a variety of functional TPV products such as conductive TPV, flame-retardant TPV, and oil-resistant TPV have appeared on the market. The development trend of functional, diversified, and green TPV industry is emerging. .

Industry analysts said that TPV has a wide range of downstream applications. With the acceleration of industrialization and urbanization, the TPV market demand is rising year by year. The future market The development potential is huge. The TPV market is highly concentrated, with foreign companies occupying a major share of the global market, and domestic companies mostly winning on volume and price in international market competition. With the advancement of relevant technologies and the upgrading of market demand, the functional, diversified and green development trend of the TPV industry will become increasingly obvious in the future.